State: Virginia - VA
Stony Point Fashion Park
Second Horizon Capital has purchased the Stony Point Fashion Park shopping center in Richmond, Va. The Boca Raton, Fla., investor, bought the 678,037-square-foot property, at 9200 Stony Point Parkway, from a receiver, Woodmont Co., that had been handling it since ...
Venture Breaks Ground on 271-Unit Apartment Complex in Fredericksburg, Va.
Multi-Housing News A partnership of Bonaventure and Cafaro Properties has broken ground on the Attain at Spotsylvania Towne Center, a 271-unit apartment project in Fredericksburg, Va., about 55 miles southwest of Washington, D.C. The complex, which replaces a Sears store ...
Richmond, Va., Shopping Center Sells for $19.38Mln
Commercial Real Estate Direct Staff Report Second Horizon Capital has purchased the Stony Point Fashion Park shopping center in Richmond, Va. The Boca Raton, Fla., investor, bought the 678,037-square-foot property, at 9200 Stony Point Parkway, from a receiver, Woodmont Co., ...
Federal Realty to Pay $200Mln for Northern Va. Retail Properties
Federal Realty Investment Trust has agreed to pay $200 million, or $487/sf, for adjoining grocery-anchored shopping centers in the northern Virginia planned community of Kingstowne. The North Bethesda, Md., REIT is buying the two properties from the Halle Cos. of ...
Richmond, Va., Office Sees Big Drop in Cash Flow, Adds Risk to CMBS Loan
Commercial Real Estate Direct Staff Report Net cash flow generated by the Bank of America Center in Richmond, Va., last year declined by nearly a quarter, to $4.79 million, putting the $60.5 million CMBS loan against it at heightened risk. ...
48,267-SF Retail Center in Springfield, Va., Sells for $25Mln
Commercial Observer Glazer Properties has bought the 48,267-square-foot Backlick Center in Springfield, Va., for $25 million, or $518/sf. Crow Holdings of Dallas sold the retail property, at 6651-6691 Backlick Road, which it had purchased in 2017 for $21 million. Cushman ...
900 Westmont Drive
An affiliate of Box Equities has purchased a 175,000-square-foot medical product-supply facility in Toano, Va., for $22 million, or $125.71/sf. The New York investor bought the two-story property from MICPAR Realty LLC of Williamsburg, Va., in a deal brokered by ...
Breeze River Apartments
Cleghorn Capital has paid $24.3 million, or $121,500/unit, for the 200-unit Breeze River Apartments in Newport News, Va. The 18-building property, at 168 Heritage Way, was purchased from Cohen Investment Group of Norfolk, Va., which had bought it in 2019 ...
Midtown Row student-housing property
Broad Street Realty has agreed to pay $122 million, or $508,333/unit, for the 240-unit Midtown Row student-housing property next to the College of William and Mary in Williamsburg, Va. The Bethesda, Md., company had developed the property, in return for fees, ...
Amazon Lends $51.4Mln for Purchase of 196-unit Apartment Property in Alexandria, Va.
Alexandria Housing Development Corp. has purchased the 196-unit Park Vue of Alexandria Apartments from Covenant Capital Group, financing it with a $51.4 million loan from the Amazon Housing Equity Fund. The property, at 511 Four Mile Road in Alexandria, Va., ...
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
Subscribe to our Weekly Newsletter!
