Richmond Biz Sense A group that includes WestDulles Properties and Dreyfuss Investments has purchased the Byrd Corporate Park, a 10-building industrial complex with a total of 476,000 square feet in Richmond, Va., for $31.3 million, or $66/sf. The 31-acre property, ...
Richmond Times-Dispatch The Crescent Group wants to build the Boxwood Parke mixed-use project on 112 acres in Hanover County, Va. Plans call for 304 multifamily units, 150 of which are age-restricted. For-sale dwellings will include 61 single-family detached houses, 73 ...
Richmond Biz Sense A group of local developers is planning to build 805W, a 100-unit residential project in Richmond, Va. Plans for the one-acre development site, along West Cary Street, call for a mix of one- and two-bedroom units, along ...
The affordable housing community will be rebranded as The Belt Atlantic.
Commercial Real Estate Direct Staff Report Chesapeake Square Mall has been sold for $19.5 million, resulting in a $51.1 million loss to the $59.9 million CMBS loan against the 760,420-square-foot shopping center. The property in Chesapeake, Va., last was appraised ...
Richmond Times Dispatch Thalhimer Realty Partners plans to build Chester Marketplace, a 300,000-square-foot retail property in Chester, Va. The property will be situated on 28 acres at 12101 Jefferson Davis Highway North. Completion is slated for 2019.
Dallas CityBizList A partnership sponsored by BC Realty Partners and the Betz Cos. has sold Grand Mason at Waterside Estates, a 229-unit apartment property in Richmond, Texas. A Fort Worth, Texas, real estate company bought the garden-style complex, at 9900 ...
Richmond Times-Dispatch A venture between Community Preservation Partners and The Hampstead Cos. has paid $17.5 million, or $80,019/unit, for the 216-unit Midlothian Village Apartments in Richmond, Va. The new owner plans to invest $9.7 million on upgrades, including the installation ...
Richmond Biz Sense Spy Rock Real Estate and Davis Cos. want to sell the 376-unit Midtown Apartments portfolio in Richmond, Va. Properties in the portfolio include The Gallery Midtown, at 308 North Nansemond St., and The Collection Midtown, which consists ...
97 percent leased.
Cushman & Wakefield has arranged $35.5 million of bridge financing against Crystal Lakes, a 716-unit apartment property in Richmond, Va., facilitating the property's $37.5 million purchase by Emet Capital Management. Emet, a New York investor that specializes in buying distressed ...
Richmond BizSense Aurelie Capital has acquired the 159-unit Millspring Commons apartments in Richmond, Va., for $20.6 million, or $129,560/unit. The 16-acre property, at 9318 Tarheel Terrace, was built in 1972 and is 97 percent leased. It includes a fitness center ...
Virginia Business RailField Realty Partners has acquired the 292-unit Village at the Arbors apartment complex in Richmond, Va., for $17.1 million, or $58,562/unit. The property, at 5613 Crenshaw Road, features a clubhouse, fitness center, swimming pool, laundry facility and playground. The ...
Commercial Real Estate Direct Staff Report Preferred Apartment Communities Inc. has acquired Colony at Centerpointe, a year-old apartment property with 255 units in the Richmond, Va., suburb of Midlothian, Va. The Atlanta REIT funded its purchase by assuming a $33.5 ...
Richmond Biz Sense Schell Brothers is planning to build a 248-unit apartment complex in Richmond, Va. Plans for the 21-acre site along Magnolia Green Parkway call for eight four-story buildings and a clubhouse. Next steps include approval of the conceptual ...
Commercial Real Estate Direct Staff Report StoneBridge Investments has paid $54.2 million, or $148,087/unit, for Copper Spring, a 366-unit multifamily property in the West End area of Richmond, Va. StoneBridge, of Washington, D.C., bought the property from an affiliate of ...
Richmond BizSense WVS Cos. is planning a 237-unit apartment building in Richmond, Va. The development site, at 1001 East Byrd St., originally was planned to house a 21-story office building, which was scrapped when SunTrust pulled out as that project's ...
Richmond BizSense Ventas has purchased the 262,000-square-foot Biotech Eight building in Richmond, Va., for $92 million, or $351/sf. The seller was Biotech 8 LLC, an entity that originally consisted of Health Diagnostic Laboratory and Lingerfelt Commonwealth Partners. The six-story life-sciences ...
Northrop Grumman Corp. and the Virginia Information Technologies Association occupy the building, which Corporate Office carried on its balance sheet last year at a value of $53.5 million.
Richmond Biz Sense Wayfair Inc. has signed a four-year lease for 46,000 square feet at the Rivers Bend Industrial Park in Chester, Va. The Boston-based furniture retailer is expected to move into the property, at 805 Liberty Way, next month. ...
Virginia Business LifeSpire of Virginia Inc. is building a $64 million expansion of its Lakewood continuing-care community at 1900 Lauderdale Dr. in Richmond, Va. Plans include the construction of a four-story clubhouse with a fitness center, restaurant, lounge, auditorium and ...
71.6 percent occupied.
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© 2023 Commercial Real Estate Direct All rights reserved.