City: Norfolk

Commercial Real Estate Direct Staff Report Wheeler REIT has agreed to buy the JANAF Shopping Yard, an 887,917-square-foot retail center in Norfolk, Va., for $85.65 million, or $96.50/sf, increasing the size of its portfolio by 18 percent. The Virginia Beach, ...

Virginia Business STIHL Inc. plans to expand its existing 21,000-square-foot administration facility on Viking Drive in Virginia Beach, Va., by 80,000 sf. The $25 million project will house finance and controlling, sales and marketing, legal, customer service and technical service ...

Richmond Times-Dispatch Lingerfelt CommonWealth Partners has reached an agreement to buy the 405-room Norfolk Waterside Marriott hotel for $35 million, or $86,420/room. The new owner plans to invest up to $20 million in upgrades to the property, at 235 East ...

Virginia Business S.L. Nusbaum Realty Co. has begun construction on the 126-unit St. Paul's Apartments in downtown Norfolk, Va. The $20 million project, between Wood and Bute streets, will offer a mix of one-, two- and three-bedroom units and include ...

Virginia Business The Franklin Johnston Group is planning to build Coastal 61 at Oxford Village, a 248-unit apartment project in Norfolk, Va. The property near Virginia Wesleyan University will feature eight buildings of three and four stories, as well as ...

Torchlight Loan Services has put the Chesapeake Square Mall, which it took through foreclosure roughly a year ago, on the sales block. Mission Capital Advisors has been hired to market the Chesapeake, Va., property, which had been encumbered by a ...

HC Government Realty Trust has paid $14.5 million, or nearly $269/sf, for 5850 Lake Herbert Drive, a 53,917-square-foot office building in Norfolk, Va. The Sarasota, Fla., company, which has raised capital through the public sale of shares that aren't traded ...