Hampton Roads (No longer used)
JLL Expands in Hampton Roads, Names VP
Tom Dunn, JLL Norfolk’s new vice president, will focus on retail leasing in Hampton Roads, Richmond and Charlottesville, Va.
Huntington Ingalls Signs Huge Lease in Hampton
Huntington Ingalls Industries is expanding in the Hampton Roads area. The shipbuilding company has recently signed a huge lease, for more than half a million square feet of space in West Park.
InTown Suites Buys 4 Properties in Hampton Roads
InTown Suites Extended Stay Living is expanding its presence in the Hampton Roads area. The Atlanta-based company has recently purchased four extended-stay properties in the region.
JLL Tapped to Market 870,000 SF International Industrial Center in Virginia Beach
One of the largest high-quality industrial complex in the Mid-Atlantic Region is now on the market. Virginia Beach-based STIHL Inc. has recently retained the Hampton Roads office of Jones Lang LaSalle to sell or lease The International Industrial Center (The IIC).
Marketplace at Tech Center in Newport News Hits 70% Pre-Leased Mark
Marketplace at Tech Center is the retail component of the $250 million Tech Center at Oyster Point mixed-use development, in the heart of Newport News. Although work on the project only started this march, the center is already 70% preleased. Divaris Real Estate, Inc., a Virginia Beach company hired to lease and manage the retail center upon its completion, made the announcement on July 7.
Hilton Garden Inn Debuts on Virginia Beach Boardwalk
Virginia Beach is home to a new hotel. With the opening of the Hilton Garden Inn Virginia Beach Oceanfront, Hilton Worldwide has added another property to its growing portfolio of more than 580 hotels throughout the world.
City of Norfolk, Gold Key | PHR Launch $126M Hotel/Conference Center Project
The City of Norfolk and Gold Key | PHR Hotels & Resorts started work last month on a $126 million public/private initiative expected to transform the corner of Main and Granby Streets. Called The Main, the project is scheduled to open in downtown Norfolk in 2017. The new facility will have 380,000 square feet of space and will include a 23-story luxury hotel, called the Hilton Norfolk at The Main, a 50,000-square-foot conference center known as The Exchange at The Main, and three restaurants.
Franklin Johnston Brings 2 Affordable Housing Communities to Norfolk
The Virginia Beach-based Franklin Johnston Group (FJG) is working hard to bring two new affordable living communities to Norfolk. Together, the two projects call for the construction of over 450 units.
New Owners for Richmond’s 110-Year-Old Mutual Building, Maritime Square Building in Newport News
One of Richmond’s first high-rise office buildings has recently changed hands. Parmenter Realty Partners has sold the Mutual Building to 909 Main, LLC, an entity associated with Shamin Hotels, for $3,275,000.
Armada Hoffler to Redevelop Williamsburg Outlet Mall
Armada Hoffler Properties, Inc., a publicly traded real estate investment trust based in Virginia Beach, has announced last week the newest project in its next generation development pipeline. The company has formed a joint venture with Vistacor LLC. Together they will develop a grocery-anchored shopping center in Williamsburg, Virginia. Armada Hoffler is the majority partner in the joint venture.