Richmond
Core/Bainbridge JV Buys Virginia Beach Apartment Complex
The Woodshire Apartments in Virginia Beach is now under new ownership. Core Real Estate Capital has purchased the apartment community in partnership with the Bainbridge Companies, at the end of 2014. The price of the transaction was not disclosed.
Harbor Group Taps CBRE to Lease Downtown Norfolk Tower
The Harbor Group Management Company is looking to add new tenants to its office building at 555 East Main Street in Norfolk. The company has recently hired CBRE|Hampton as the exclusive leasing agent for the property.
Thalhimer Pays $34M for Chesapeake M-F Complex
The Birches apartment community in Chesapeake stepped into the New Year with a new owner. Harbor Group International sold the property last month, for $34.4 million.
S.L. Nusbaum Buys Virginia Beach M-F Complex For $24.7M
A Virginia Beach apartment complex changed hands this month in a $24.7 million transaction. Harbor Group International sold the Bancroft Hall Apartments to S.L. Nusbaum.
Marriott Debuts its First New Downtown Richmond Hotels in 20 Years
On Monday, December 8, Marriott International, Inc. opened the first new Marriott hotels in downtown Richmond in 20 years. The new Courtyard Richmond Downtown and the new Residence Inn Downtown Richmond are connected and share an open lobby and entry.
Children’s Hospital of Richmond at VCU Tops Out New Pavilion
On Monday, December 1, Children’s Hospital of Richmond at Virginia Commonwealth University celebrated the topping out of its new Children’s Pavilion. With the highest steel beam now atop the pavilion’s 15-story structural frame, the project is one step closer to completion.
Topgolf Takes Aim at Virginia Beach
Topgolf International, Inc. has recently announced its plans to open a third location in the state of Virginia. The golf entertainment company has selected Virginia Beach as the home of its newest facility.
Interbake’s Old Factory Finds New Life as Upscale Lofts
By Adrian Maties, Associate Editor A venerable Richmond factory where Girl Scout Cookies were once baked is finding a second life as an apartment complex. Following a $24 million makeover, the FFV Interbake Building officially reopened Nov. 15 as the Cookie Factory Lofts. From 1927 to 2006, the six-story factory served as the headquarters and […]
The Simpson Organization Buys Two Innsbrook Office Buildings for $22M
Richmond’s hot Insbrook submarket continues to attract office investors. The Atlanta-based Simpson Organization purchased Westerre I and II this month, for $22 million or about $135 per square foot. It is the highest price per square foot paid in the Richmond area this year.
Norfolk, Richmond Malls Acquired by Starwood as Part of $1.4B Retail Deal
Last month, Starwood Capital Group completed the acquisition of seven regional shopping malls from Taubman Centers. Two of the properties in the portfolio are located in the state of Virginia, in the cities of Richmond and Norfolk.