Richmond
Dominion to Power Facebook’s $1B VA Data Center With Solar
The company will expand its photovoltaic portfolio to meet the needs of Facebook’s recently announced 1 million-square-foot Virginia facility.
IKEA Taps Linkous Construction for 2nd VA Location
The proposed 338,000-square-foot IKEA Norfolk is aiming for a ground breaking in the fall, with the official store opening in spring of 2019.
C&W Adds New Tenant to VA Office Tower
Barry Ward and Price Gutshall of Cushman & Wakefield | Thalhimer’s Roanoke office represented the landlord in the lease negotiations.
State-Leased Office Portfolio Changes Hands in VA
The portfolio consists of Southeastern Virginia Training Center—a 36,227-square-foot building— and Probation and Parole Office—an 11,139-square-foot building.
Skyview Facilitates Sale of VA Self Storage Facility
The 57,275-square-foot stabilized storage facility offers 232 non-climate controlled storage units and 147 climate controlled units.
Divaris Grows VA Portfolio With 1.3 MSF
The five retail properties bring the company’s leasing and management portfolio in the Mid-Atlantic and South-Central U.S. to almost 32 million square feet.
Cush & Wake Completes Sale of Roanoke’s Franklin Plaza
Franklin Plaza is a five-story 136,455-square-foot office property located in downtown Roanoke, Va. The property traded for $6.4 million after being purchased by an affiliate of Times Equities Inc.
Divaris Completes 5 Transactions in Virginia
The company worked on behalf of DDREG LLC to arrange the acquisition of a medical office building, and represented Dollar Tree Stores, LaBelle Cottage, Extreme Pizza and Mango in their lease negotiations.
LTD Debuts Newest Holiday Inn Express in VA
LTD Hospitality Group owns and manages the Chesapeake hotel, which is franchised by an affiliate of IHG. The 101-key rebranded property underwent extensive renovations.
Overbuilding in Richmond?
With almost 20,000 units in the pipeline—more than a third of which are under construction—the metro is at risk of overbuilding. As new stock is putting a damper on growth, Yardi Matrix expects rents to rise by 3.5 percent in 2017.