Virginia
Capital Square Acquires Multifamily in Knoxville for $53M DST Offering
Glen Allen, VA-based Capital Square has acquired Village at Westland Cove, a Class A, 240-unit multifamily community in Knoxville, TN.… Read more
Capital Square Acquires Multifamily in Knoxville for $53M DST Offering
Glen Allen, VA-based Capital Square has acquired Village at Westland Cove, a Class A, 240-unit multifamily community in Knoxville, TN.… Read more
Arlington Multifamily Adjacent to Amazon HQ2 Swaps Ownership
JLL has closed the sale of 1221 and 1331 S. Eads St., a 534-unit, value-add multi-housing community in Arlington, VA.… Read more
Cobalt Real Estate Solutions Appoints Tim McCann to CIO Position
Virginia Beach, VA-based Cobalt Real Estate Solutions, an affiliate of Divaris Real Estate, Inc., has welcomed Tim McCann as the… Read more
Expiration of “Go-Shop” Period Clears Path for Blackstone’s PS Business Parks Deal
PS Business Parks (PSB) said late Friday that the “go-shop” period specified in the merger agreement with affiliates of Blackstone… Read more
Lument Provides $22.6 Million Bridge Loan for Arlington Multifamily Property
The proprietary bridge loan is for the acquisition and renovation of The Junction, a 205-unit apartment community. The loan is… Read more
Middleburg Sells Affordable Multifam in Louisville Following Makeover
Vienna, VA-based Middleburg Communities has sold Vesta Derby Oaks, a 418-unit apartment community at 3237 Utah Avenue in Louisville, KY.… Read more
Capital Square Launches $300M Multifamily Institutional Development Fund
Richmond, VA-based Capital Square has launched Capital Square Multifamily Development Fund I, L.P. to raise up to $300 million in… Read more
Consumer Changes, Retail Impacts
During the early days of the COVID-19 pandemic, most people stayed at home and seriously curtailed their shopping efforts. While… Read more
$37M Construction Loan Initiates 176-Unit Multifamily in Newport News
Berkadia has secured $36.6 million in financing for Huntington Pointe Apartments, a to-be constructed 176-unit garden-style multifamily property in Newport… Read more
Repositioned Chesapeake MOB Sells for $8M after Tenancy Doubles
Divaris Real Estate, Inc., has completed the $5.7-million sale of Poplar Hill Medical Center, a four-building medical office park located… Read more
Tenant-Leased NoVa Data Center Trades to San Francisco Buyer
San Francisco, CA-based GI Partners has acquired 22262 Cloud Plaza, a data center in Sterling, VA that is currently leased… Read more
Walde Management Pays $19M for Henrico Multifam in LIHTC Program
Cushman & Wakefield has arranged the $18.5-million sale of the Townhomes of Oakley, a 160-unit multifamily property located on Needham… Read more
Deal to Bring Future Data Center Development to Frederick County, MD
Quantum Loophole, Inc., has signed an agreement with Aligned Data Centers for the latter to acquire land, power and water… Read more
Cortland Launches $1B Investment in DC Area with Initial Multifam Acquisitions
Atlanta-based Cortland has acquired four properties in Arlington, VA totaling more than 1,500 units. According to the company, the acquisitions… Read more
Initial Multifam Acquisitions Launch Cortland’s $1B Investment in DC Area
Atlanta-based Cortland has acquired four properties in Arlington, VA totaling more than 1,500 units. According to the company, the acquisitions… Read more
Intense Investor Competition Leads to $21M Sale of MOB in Fairfax
Avison Young has brokered the $21-million sale of Prosperity Plaza, a medical office building less than one mile from the… Read more
Second Horizon Capital Acquires 397K-SF Shopping Center in Richmond
JLL has closed the sale of Stony Point Fashion Park, a 396,961-square-foot, single-story, open-air regional shopping center in Richmond, VA.… Read more
Mark Mercado, Michele Wiens Receive Promotions at Capital Square
Glen Allen, VA-based Capital Square has promoted Mark Mercado to SVP, investment programs and Michele Wiens to VP, national accounts.… Read more