Virginia
Urban Air Adventure Park Expects to Reach 50 Franchises
Urban Air Adventure Park, part of the franchise growth-focused platform, Unleashed Brands, signed 25 new franchise agreements in the past… Read more
Empire Portfolio Group Adds 11 Orangetheory Fitness Studios in Virginia and D.C.
Empire Portfolio Group has acquired 11 Orangetheory Fitness studios, plus development rights, in northern Virginia and Washington, D.C. Empire’s portfolio… Read more
Atlanta Ranks Third for Data Center Absorption Among North American Markets
Atlanta saw the third-most data center leasing activity in North America in the first half of 2021, according to CBRE’s latest North… Read more
Renaissance Centro’s Tysons Condo Project Goes Vertical
Renaissance Centro has launched above-ground development on its $140-million Monarch luxury condominium tower in Tysons, VA. The project is part of Arbor Row,… 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
Matan Plans Four-Building Spec Industrial on Manassas Site
Matan Companies closed on its purchase of 11501 University Blvd. in Manassas, VA, a 47.5-acre property in Prince William County’s I-66 corridor. Deal terms weren’t disclosed. 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
Stream Realty Partners Opens Northern Virginia Office
Stream Realty Partners is opening an office in Northern Virginia. Twenty-year real estate veteran Anthony Chang will lead the office, serving as managing director. … 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
Skanska Completes Parking Garage for Virginia Hospital Center
Skanska USA recently completed the construction of Virginia Hospital Center’s new parking garage in Arlington, VA. The new parking garage includes… Read more
Federal Realty Scores Fairfax Grocery-Anchored Center in Off-Market Deal
Federal Realty Investment Trust said Monday it had acquired a 100% interest in Twinbrooke Shopping Centre, a 110,000-square-foot grocery anchored neighborhood shopping center in Fairfax, VA. The REIT sourced… Read more
ASB/Arcland JV Partners on Self-Storage Portfolio
ASB Real Estate Investments and Arcland Property Company have closed a joint venture to acquire a 595,888-square-foot self-storage portfolio of eight buildings located in markets… Read more
CarPool Sports Bar Returns to Ballston After Four-Year Absence
Sports bar and grill CarPool is returning to its original home of the Ballston neighborhood in Arlington, VA after a four-year relocation to Fair Lakes in… 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
CPP Hires Tom Gibson and Michael Anderson in Virginia to Support East Coast Growth
National affordable housing authority Community Preservation Partners has hired two affordable housing specialists, Tom Gibson and Michael Anderson, to support… Read more
Infrastructure Bill Could Ratchet Up Data Center Demand Even Higher
“The world has become increasingly digital, a trend that has only accelerated during the pandemic, and consequently data centers are… Read more
Finmarc Sells Fairfax County Retail Property for $40M
Commercial real estate management and investment firm Finmarc Management Inc. has completed the $39.7 million sale of a 76,000-square-foot retail… Read more
Indoor Squash Facility to Open in Columbia
Squash entrepreneur Jay Naseem has announced plans to open a new six-court indoor facility at 9315 Snowden River Parkway in… Read more
JLL Brokers $80M Sale of Arlington MXU Property
JLL has arranged the $80.1 million sale of Siena Park, a 188-unit mixed-use community in Arlington, VA. Located at 2301… Read more