Richmond
Richmond’s Walmart-Anchored Eastgate Town Center Sells For $18M
Colliers has facilitated the sale of Eastgate Town Center, a 117,773-square-foot, best-in-class super regional shopping center located in Richmond’s East… Read more
Multifamily Demand Spurs Closing of $42M Debt, Equity Raise for 173-Unit in Richmond
Colliers has closed a $4.9 million debt and equity raise for a multifamily project to be named Commodore and located… Read more
El Paso Has Third Most-Improved Unemployment Rate
More than three-fourths or 84 of the nation’s largest metropolitan areas posted negative growth in living-wage jobs, five by double… Read more
Northmarq Arranges Record-Breaking $99M Multifamily Sale in Virginia Beach
Northmarq has arranged the $98.5-million sale of Coastline Apartments in Virginia Beach, VA. According to the company, the transaction represents… Read more
Berkadia Secures $35M Construction Financing for VA Multifamily
Berkadia has secured $34.5 million in financing for the second phase development of Meadow Branch, a garden-style multifamily property in… Read more
Amazon to Establish East Coast Hub for Supply Chain Operations in VA
Amazon is going to launch a new cross-dock fulfillment center in Stafford County, VA. The company will establish a 630,000… Read more
Capital City Buys $2M Richmond Parcel to Build Seven-Story Multifamily
Washington, DC-based Capital City Real Estate has purchased land at 15 West 7th Street in Richmond, VA, for $1.7 million… Read more
NorthMarq Brokers $27M Sale of Multifamily Community in Richmond, VA
NorthMarq has arranged the $27.3 million sale of The Gallery Midtown, a 157-unit, three-story Class B+ multifamily property in Richmond.… Read more
Capital Square 1031 Acquires Class A Multifamily Near Richmond
Capital Square 1031 has acquired a Class A, 339-unit multifamily community in Glen Allen, VA, a suburb of Richmond. The… Read more
Improvements in VA’s CRE Market Driven by Quest for Class-A Quality
While the Delta variant has slowed economic growth in Virginia, the state’s commercial real estate market showed signs of strength… Read more
McCann Makes Significant Investment in Pegasus Residential
McCann Realty Partners announced Tuesday that it has made a significant investment in Pegasus Residential, a leading third-party property management… Read more
Capital Square Promotes Two Controllers
Capital Square, based in Richmond, VA, has promoted Shari Sears to EVP, controller of Capital Square, and Cozie Sawyer to controller of the… Read more
JLL IPT Pays $52M for Richmond Build-to-Suit MOB
JLL Income Property Trust said Thursday it had acquired 9101 Stony Point Dr., an 87,000-square-foot medical office building in Richmond, VA, for approximately $52 million. The seller wasn’t disclosed. The recently constructed property is… Read more
Apple Hospitality Picks Up ALOFT in Portland, ME for $51M
Apple Hospitality REIT acquired the 157-key, newly built Aloft Hotel on the waterfront in downtown Portland, ME, for a total purchase price of $51.2 million, or approximately… Read more
CushWake Arranges $47M Sale of Richmond Retail Center
Cushman & Wakefield has arranged the $46.7 million sale of Short Pump Station, a grocery-anchored retail center in Richmond. The… Read more
NorthMarq Secures $34M Construction Loan for Richmond MF Property
NorthMarq has arranged a $34 million construction loan for Hardwood Village, a 189-unit multifamily property with ancillary retail space in… Read more
Capital Square Acquires 307-Unit MF Community in Richmond
Capital Square 1031 has acquired Livingston Apartment Flats, a Class A, 307-unit multifamily community in the Chesterfield County submarket of… Read more
Berkadia Secures $77M Refinancing for Mid Atlantic Multifamily Portfolio
Berkadia has secured a combined $77.1 million in refinancing for two multifamily properties in Virginia and West Virginia. The properties… Read more
Capital Square Acquires More Than $565M in Real Estate in 1H 2021
Richmond-based national investment sponsor Capital Square has acquired more than $565 million in real estate during the first half of… Read more