Richmond
Strategic Storage Trust Pays $6.7M for Hampton Self-Storage Facility
A self-storage facility located in Hampton, Va. has recently changed hands. Strategic Storage Trust, Inc. (SSTI) has paid approximately $6.7 million for the property at 1343 Big Bethel Road. It is the publicly registered non-traded REIT’s second acquisition in the area.
Richmond’s Short Pump Submarket Gears Up for Robust 2014
By Adrian Maties, Associate Editor Cushman & Wakefield | Thalhimer projects that 2014 will be a good year for the Richmond retail market. As retailers and restaurants plan to grow and expand, a trend that started in 2013 and is expected to continue in 2014, the market will see stepped-up activity. It ended 2013 with […]
Suntex Buys Portsmouth’s Tidewater Yacht Marina
Suntex Ventures LLC, a real estate investment and marina operations company, has recently purchased its second marina property in the Hampton Roads area. After acquiring the the 325-slip York River Yacht Haven in Gloucester Point last year, the Dallas-based company bought Portsmouth’s Tidewater Yacht Marina.
USM Unveils $200M Arena Plan for Virginia Beach
By the end of 2016, Virginia Beach could be home to a new, 18,000-seat multi-purpose entertainment and sports arena, able to host major concerts, sports tournaments, circuses, ice shows, monster truck rallies and many other events. But that’s only if the city accepts a conceptual proposal submitted on Monday, February 17, by a consortium of companies.
Cushman & Wakefield | Thalhimer Starts Year With 3 Residential Deals
Cushman & Wakefield | Thalhimer has entered the New Year at full throttle. The commercial real estate services firm was involved in three different transactions on the Richmond residential market.
Oceaneering International Plans Move to New 154,000-SF Chesapeake Facility
Good news for the city of Chesapeake. One of the area’s major employers has announced its plans to remain in the area and expand in a new location, creating approximately 70 new jobs in the process and retaining over 460.
Hunt, TCG Tapped for Portsmouth Affordable Housing Project
The Portsmouth Redevelopment and Housing Authority has selected the Hunt Companies, Inc. and TCG Development Advisors, LLC for the redevelopment of the low-income housing neighborhood of Lincoln Park, in the City of Portsmouth, Virginia.
Shamin Hotels Buys 700 Building for $7M; Plans to Plant 2 Hilton Flags
By Adrian Maties, Associate Editor The 18-story office building at 700 East Main St. in Richmond’s central business district has experienced hard times in recent years, but it about to get a new lease on life. Shamin Hotels, the Richmond region’s largest hospitality operator, has acquired the 181,000-square-foot building for $7 million and plans to […]
Shamin Hotels Buys 700 Building for $7M, Plans to Plant 2 Hilton Flags
The 18-story office building at 700 East Main Street in Richmond’s Central Business District failed to lease any space to new tenants in recent years but it seems it is about to get a new lease on life. The property was sold to Shamin Hotels, the Richmond region’s largest hotel operator, and will be converted into two Hilton-branded hotels.
LATA Acquires Sunshadow Apartments in Casselberry
Landmark Apartment Trust of America, Inc. announced Thursday that it has acquired Sunshadow Apartments in Casselberry in conjunction with three other multifamily properties located in Florida, Texas and Alabama, through two separate transactions totaling $98.2 million.
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