Virginia
Terracon Finalizes Second 2021 Acquisition with Sport Environmental
Terracon recently acquired Midland-based Sport Environmental Services LLC, which provides environmental services and consulting to energy production/oil and gas clients… Read more
Middleburg Communities Hires Sean Kavanagh as Principal
Vienna, VA.-based multifamily development, investment, construction and management company Middleburg Communities has named Sean Kavanagh as Principal and Vice President… Read more
Suburban Apartments Have Outperformed Central Cities, Right? Not Necessarily
Among the theses that emerged during the course of the pandemic was that suburban apartment properties have outperformed their central-city… Read more
Capital Square 1031 Acquires 280-Unit MF Property in Chesapeake
Capital Square 1031 has acquired Streets of Greenbrier, a 280-unit multifamily community in Chesapeake, VA. The sales price was reported… Read more
Berkadia Brokers $48M Sale of Affordable Housing Portfolio in Virginia
Berkadia has arranged the sale of a three-property, 452-unit affordable housing portfolio in the suburbs of Richmond and Norfolk, VA.… Read more
Berkadia Secures $25M Acquisition Loan for Alexandria MF Property
Berkadia has secured a $24.9 million acquisition loan for the Tuscany Apartments, a mid-rise multifamily property in Alexandria, VA. Located… Read more
Luby’s Completes Sale of Nine Fuddruckers
Luby’s Inc. completed the sale and franchising of its previously owned Fuddruckers store located on Town and Country Way in… Read more
CushWake Arranges $2M Sale of Development Site Near Richmond
Cushman & Wakefield | Thalhimer has arranged the $1.9 million sale of a six-acre development site in Chester, VA. Chester… Read more
Virginia Shopping Center Trades for $5M
S.L. Nusbaum Realty Co. has brokered the $4.7 million sale of Rustburg Marketplace, a 46,700-square-foot shopping center in Rustburg, VA.… Read more
Google Plans $7B Expansion of U.S. Offices, Data Centers in 2021
Alphabet’s Google unit plans to invest more than $7 billion in offices and data centers across the U.S. and create… Read more
Drucker + Falk Tapped to Manage Arlington Apartment Tower
Drucker + Falk has been tapped by mixed income housing developer AHC Inc. to manage Serrano Apartments, a 280-unit high-rise… Read more
Federal Funds Advance $70B in Highway Improvements
State governments leveraged $29 billion in federal funds to advance $70 billion in highway improvements during fiscal year 2020, according… Read more
BHI Provides $27M Construction Loan for Richmond MXU Project
New York-based commercial bank BHI has provided a $26.5 million construction loan for the redevelopment of 629 E. Main St.… Read more
CBRE Taps Rachael Rothman as Head of Hotels Research & Data Analytics
CBRE has announced that hotel industry veteran Rachael Rothman has joined the company as Head of Hotels Research & Data… Read more
More Data Centers Are in the Works for 2021
Arizton Advisory & Intelligence shared how COVID-19 has impacted global data center cooling in its recent market report. The data… Read more
Senior Living Community in Fairfax to Get $57M Renovation
The Virginian Retirement Community, a senior living community in Fairfax, VA., has announced plans to break ground on an 18-month… Read more
Data Center Absorption Remains Strong as Businesses Rework Digital Infrastructure
Led by Northern Virginia, the nation’s top seven data center markets posted 329.6 megawatts (MW)of net absorption in 2020, CBRE… Read more
Pembroke Realty to Build 156-Unit Senior Living Community in Virginia Beach
Pembroke Realty Group and Beth Sholom Village have announced plans to construct a seven-story senior living community in Virginia Beach.… Read more
Virginia Manufacturing Facility Trades for $13M
Investment sales brokerage firm Stan Johnson Co. has arranged the $12.7 million sale of a single-tenant manufacturing facility fully leased… Read more