News
AREP Opens CityHouse Old Town Office-to-Residential Conversion Project in Alexandria, Virginia
12+ hour, 9+ min ago (569+ words) ALEXANDRIA, VA. "American Real Estate Partners (AREP) has opened CityHouse Old Town, an office-to-residential adaptive reuse development at 1101 King St. in Alexandria, a suburb of Washington, D.C. The community has been welcoming residents since late 2025 and is 40 percent occupied. Originally constructed…...
Newmark Brokers $24.5M Sale of Warehouse, Distribution Facility in Portsmouth, New Hampshire
1+ mon, 4+ week ago (217+ words) PORTSMOUTH, N.H. " Newmark has brokered the $24.5 million sale of a 102,059-square-foot warehouse and distribution facility in Portsmouth, located along the Maine-New Hampshire border. The building at 100 New Hampshire Ave. was completed last fall and was delivered fully preleased to an HCA…...
Greenberg Gibbons Breaks Ground on $500M Midtown64 Mixed-Use Project in Richmond
3+ mon, 3+ day ago (370+ words) RICHMOND, VA. " Greenberg Gibbons has broken ground on Midtown64, a more than $500 million mixed-use development comprising 46 acres in Henrico County, located just outside downtown Richmond. Shamin Hotels is a joint venture partner for the project, which is being built on the…...
Prudent Growth Partners Acquires Retail Center in Chesapeake, Virginia for $5.4M
4+ mon, 4+ week ago (191+ words) CHESAPEAKE, VA. "Chapel Hill, N.C.-based Prudent Growth Partners has acquired Castle Shops, a 37,309-square-foot retail strip center located in Chesapeake, for $5.4 million. Dollar Tree anchors the two-building property, which was fully leased at the time of sale. Additional tenants include…...
JLL Secures $81.9M Refinancing for New Industrial Facility in Winchester, Virginia
5+ mon, 1+ week ago (380+ words) WINCHESTER, VA. " JLL has secured an $81.9 million loan for the refinancing of One Logistics Park Building 2, a 1 million-square-foot industrial facility located at 1251 Coverstone Drive in Winchester, a city in the northern tip of Virginia near the borders of Maryland, Pennsylvania…...
Atlantic Capital Negotiates $12.1M Sale of Woodford Square Shopping Center in Chesapeake, Virginia
5+ mon, 1+ week ago (180+ words) CHESAPEAKE, VA. " Atlantic Capital Partners has negotiated the $12.1 million sale of Woodford Square, an 85,323-square-foot shopping center located in the Hampton Roads city of Chesapeake. Harbor Freights anchors the center, which was fully leased at the time of sale to…...
Richmond's Mixed-Use Boom Fuels the City's Retail Market
5+ mon, 3+ week ago (364+ words) The Richmond retail market has maintained strong fundamentals as the city's diverse economic base and solid residential growth continue to fuel a historically low vacancy rate." However, the real story in Richmond is the number of mixed-use projects that are…...
Conversions, Return to Office Movement Help Propel Richmond's Office Market
5+ mon, 4+ week ago (401+ words) Richmond's office market stands out as a resilient post-pandemic performer, with strong relocation activity, a notably low vacancy rate driven by steady return-to-office trends and dynamic development, including office-to-residential conversions that are reshaping both the office and retail landscapes. Relocations…...
Sprouts Farmers Market Opens 29,105 SF Grocery Store in Richmond, Texas
6+ mon, 3+ week ago (142+ words) RICHMOND, TEXAS " Sprouts Farmers Market has opened a 29,105-square-foot grocery store in Richmond, a southwestern suburb of Houston. The Phoenix-based grocer joins LA Fitness, At Home and Academy Sports + Outdoors as the anchor tenants at Waterview Town Center, a 134-acre…...
Blue Ridge Beverage Co. Relocates to 80,000 SF Build-to-Suit Industrial Facility in Rustburg, Virginia
7+ mon, 1+ week ago (187+ words) RUSTBURG, VA. " Locally based Blue Ridge Beverage Co., a full-service wholesale beverage distributor, will move its Lynchburg division of operations to Campbell County in Rustburg with the construction of an 80,000-square-foot industrial facility. The building will house the division's operations,…...