News - Richmond

  • Richmond Shopping Center Lands 4 New Tenants

    The upcoming Brandy Creek Commons shopping center will be anchored by a 50,000-square-foot Publix supermarket. Divaris' Richmond office inked four new leases, bringing the property to 92 percent occupancy. The project is slated for completion in the fall of 2018.

    09 November 2017 15:26
  • Armada Hoffler Initiates Phase VI of VA Development

    Town Center, an ongoing partnership between Armada Hoffler Properties and the City of Virginia Beach, has seen more than $560 million in public and private funding. Phase VI brings two national retailers, as well as additional restaurants and apartments.

    01 November 2017 17:28
  • High-Paying Jobs Add to Upscale Demand in Richmond

    Although overall employment growth is tepid and continues to trail the national rate, the metro’s economy is slowly but steadily diversifying, drawing investors and large projects.

    23 October 2017 13:45
  • Dominion to Power Facebook’s $1B VA Data Center With Solar

    The company will expand its photovoltaic portfolio to meet the needs of Facebook’s recently announced 1 million-square-foot Virginia facility.

    16 October 2017 11:46
  • IKEA Taps Linkous Construction for 2nd VA Location

    The proposed 338,000-square-foot IKEA Norfolk is aiming for a ground breaking in the fall, with the official store opening in spring of 2019.

    29 September 2017 13:29
  • C&W Adds New Tenant to VA Office Tower

    Barry Ward and Price Gutshall of Cushman & Wakefield | Thalhimer’s Roanoke office represented the landlord in the lease negotiations.

    19 September 2017 16:07
  • State-Leased Office Portfolio Changes Hands in VA

    The portfolio consists of Southeastern Virginia Training Center—a 36,227-square-foot building— and Probation and Parole Office—an 11,139-square-foot building.

    03 August 2017 15:21
  • Skyview Facilitates Sale of VA Self Storage Facility

    The 57,275-square-foot stabilized storage facility offers 232 non-climate controlled storage units and 147 climate controlled units.

    27 July 2017 18:51
  • Divaris Grows VA Portfolio With 1.3 MSF

    The five retail properties bring the company’s leasing and management portfolio in the Mid-Atlantic and South-Central U.S. to almost 32 million square feet.

    24 July 2017 14:54
  • Cush & Wake Completes Sale of Roanoke’s Franklin Plaza

    Franklin Plaza is a five-story 136,455-square-foot office property located in downtown Roanoke, Va. The property traded for $6.4 million after being purchased by an affiliate of Times Equities Inc.

    21 July 2017 14:44
  • Divaris Completes 5 Transactions in Virginia

    The company worked on behalf of DDREG LLC to arrange the acquisition of a medical office building, and represented Dollar Tree Stores, LaBelle Cottage, Extreme Pizza and Mango in their lease negotiations.

    22 June 2017 12:13
  • LTD Debuts Newest Holiday Inn Express in VA

    LTD Hospitality Group owns and manages the Chesapeake hotel, which is franchised by an affiliate of IHG. The 101-key rebranded property underwent extensive renovations.

    22 June 2017 09:45
  • Overbuilding in Richmond?

    With almost 20,000 units in the pipeline—more than a third of which are under construction—the metro is at risk of overbuilding. As new stock is putting a damper on growth, Yardi Matrix expects rents to rise by 3.5 percent in 2017.

    13 June 2017 07:54
  • River City Chosen for Spec Office Development

    The Rebkee Co. and developer Serabi are in the early stages of a plan to raze an existing warehouse at 949 Myers St. If plans are approved by the city, a 63,800-square-foot, three-story office building will rise on the site of the former Interbake Foods property.

    09 June 2017 16:51
  • Lidl Announces Opening Date for U.S. Stores

    The company is opening supermarkets in North Carolina, South Carolina and Virginia. By the summer of 2018, Lidl plans to operate 100 stores across the East Coast, creating 5,000 jobs.

    23 May 2017 13:14