Virginia
The Changing Role – and Growth – of Convenience Stores
Once upon a time, convenience stores were gas stations with a small retail establishment attached. Consumers would visit these places… Read more
Colliers Brokers $5.4M Richmond Outparcel Sale
Private buyers have purchased two properties – a multi-tenant and a standalone property – in a popular Richmond shopping center… Read more
Rithm Capital, AREP, GreenBarn Acquire CityHouse Ashburn Station for $120M
Rithm Capital Corp, American Real Estate Partners (AREP), and GreenBarn Investment Group have partnered to acquire a luxury 200-unit townhome… Read more
California People and Company News for August 18, 2023
Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with… Read more
WTG Properties Sells Springfield Office Building for $14M
Vienna’s WTG Properties has sold a 61,700-square-foot flex property in Springfield, Virginia, has been sold to a Northern Virginia private… Read more
Dining and Child Care Offering Coming to Falls Church New Development West Falls
Four new retailers are coming to West Falls, a 1.2 million square foot development across nearly 10 acres in Falls… Read more
Affinius Capital Provides $85M for Suffolk Industrial Warehouse
Affinius Capital LLC, formerly Square Mile Capital Management and USAA Real Estate, has provided an $85 million loan to Invesco… Read more
New Orchard Workspace by JLL Opens in National Landing
JLL has announced the opening of Orchard Workspace by JLL, a flexible office and coworking space spanning 39,000 square feet… Read more
EJF Capital Raises $167M for Second Opportunity Zone Fund
Virginia-based EJF Capital has closed its second Opportunity Zone fund, EJF OpZone Fund II, securing approximately $167 million from a… Read more
Charlie Rimkus Joins Northmarq Richmond Office as SVP
Charlie Rimkus has been appointed as senior vice president at Northmarq’s Richmond office. In his new role, Rimkus will focus… Read more
Data Centers See Sharp Rises in Power Costs, Lease Rates
Connect CRE recently examined the impact that availability of power has had on data center development, which has more than… Read more
NRP Group, Angelo Gordon Break Ground on Prince William MF Development
The NRP Group and Angelo Gordon have broken ground on Lake Pointe, a new apartment community in Woodbridge, Virginia. … Read more
Dweck Properties Steps up National Landing Redevelopment
Dweck Properties Ltd. is emerging as a competitor to JBG Smith Properties in the redevelopment of National Landing, Northern Virginia,… Read more
GW Real Estate Partners, Virtus Break Ground on Class A Charlottesville Apartments
GW Real Estate Partners and Austin-based Virtus Real Estate Capital have broken ground on a new, Class A apartment project at… Read more
Global Data Center Growth Inhibited Due to Power Shortage
Here’s the good news from the data center front. Technologies – including streaming, gaming, self-driving cars and artificial intelligence growth… Read more
Skanska Completes Outpatient Pavilion for VHC Health in Arlington
Skanska has completed VHC Health’s new 245,000-square-foot Outpatient Pavilion in Arlington, VA. When the project broke ground in 2021, VHC… Read more
Balfour Beatty Reaches Financial Close on William & Mary Student Housing
Balfour Beatty Campus Solutions has reached financial close on a public-private partnership project to deliver new on-campus student housing at… Read more
St. John Pivots from Apartments to Flex/Industrial for Ashburn Parcel
St. John Properties has pivoted from rezoning a 16-acre parcel in Ashburn, VA for multifamily to building new flex/industrial space,… Read more
GSA Modifies Search Criteria for New FBI Headquarters Location
The U.S. General Services Administration (GSA) said Friday it had modified the scoring criteria in selecting a new headquarters location… Read more