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U.Va. creates new center for real estate
Center to be part of McIntire School of Commerce
The University of Virginia has established a new Center for Real Estate and the Built Environment at the McIntire School of Commerce with a $10 million alumni gift, the university
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Seeking growth, GPM enters into agreement with Chicago real estate firm
Richmond-based GPM is nation's seventh-largest convenience store chain
Published
Richmond-based GPM Investments LLC, the nation’s seventh-largest convenience store chain, announced Tuesday that it has entered into a one-year agreement with Chicago-based Oak Street Real Estate Capital, which is committing
Hampton Roads multifamily portfolio sells for undisclosed amount
Acquisition includes 856 units
Published
In early April, New Jersey-based Brentwood Investment Group and Greencove Capital Group closed a deal to acquire a multifamily portfolio that includes 856-units for an undisclosed amount. The deal included
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Capital Square names new VP of HR
Tangela Lambert promoted by real estate investment company
Published
Henrico-based real estate investment company Capital Square announced on Monday that it has promoted Tangela Lambert to the position of vice president of human resources. Lambert joined Capital Square in
Norfolk industrial building sells for $3.75M
Property occupied by Superior Distribution and Superior Pool Corp.
Published
A 66,000-square-foot industrial building in Norfolk has sold for $3.75 million. Virginia Beach-based Club Forrest Acquisitions LLC purchased the building, located at 4500 Progress Road, from Boston-based Wheeler Commercial Properties.
Commercial real estate leasing roundup
Va. leasing announcements of at least 5K square feet for March 25 to April 23
Published
Central Virginia – Weyerhaeuser Co. renewed its lease of 72,399 square feet of industrial space at Sarellen Road Warehouse, 4200-4222 Sarellen Road, in Henrico County. Evan Magrill and Scott Douglas
Arlington’s Blackfin acquires Roanoke County apartments for $23.2M
504-unit Villages at Garst Creek complex changes hands
Published
Arlington-based Blackfin Real Estate Investors LLC purchased Villages at Garst Creek, a 504-unit apartment complex in Roanoke County, for $23.25 million. The deal closed on April 21. Built in 1974,
Virginia’s median home price jumps 9.8% over previous year
Median home price was $335k in March
Published
On April 20, Virginia Realtors reported that the median statewide home sales price for March was $335,000, up 9.8% from a year ago. Outlined in Virginia Realtors’ March 2021 Home
Fortnite video game CEO makes Va.’s largest land conservation gift
Billionaire Tim Sweeney donates 7,300 acres in Halifax County
Published
North Carolina billionaire and Epic Games Inc. CEO Tim Sweeney has donated 7,300 acres of privately-owned land in Halifax County to the state — the largest single private land conservation
Branch Civil appoints new executive VP
Brian J. Quinlan hired for leadership role at Branch Group subsidiary
Published
Brian J. Quinlan has been appointed to serves as executive vice president of Roanoke-based Branch Civil Inc., a wholly owned subsidiary of the Branch Group specializing in site development, civil