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Richmond/Hampton Roads
Commercial Real Estate News
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Cushman & Wakefield Thalhimer Adds New Commercial Sales/Leasing Associate in Hampton Roads
Cushman & Wakefield Thalhimer will expand its coverage in Hampton Roads following the addition of Sam Nicholson as a commercial sales-leasing associate. Based in the firm's Virginia Beach, VA office, Nicholson will specialize in industrial leasing...

Zenith Education Closing All but Three College Campuses
Zenith Education Group, which this past summer converted from a for-profit to a nonprofit career education provider, is planning to close 21 of its 24 remaining college campuses. Zenith plans to cease enrolling new students at the affected Altierus...

Cap Rate Compression in Tier One Metros Brings Apt. Investors to Richmond
With major markets such as Washington, D.C. and New York seeing a flood of institutional investment driving up prices for multifamily assets, Richmond has attracted more buyers wary of increasingly lower cap rates. Both urban and suburban submarkets in...

Welspun USA Inks Deal to Anchor Brand New Industrial Facility in Suffolk
Welspun USA, a globally recognized leader in the field of line pipes and home textiles, finalized a deal to anchor a brand new facility completed this past June within the Virginia Regional Commerce Park in Suffolk, VA. Welspun will occupy 200,800...

James River Housing Buys $2.8 Million Apt. Bldg. in Shockoe Bottom
Kevin Bohm and Ali Semir, co-founders of James River Housing Partners, closed on the purchase of 1710 E. Franklin St. in Richmond, VA's Shockoe Bottom area for $2.8 million, or approximately $167,000 per unit, from Richmond-based Historic Housing. Completed...

Iron Mountain Extends Lease in Cavalier Industrial Park
Iron Mountain Information Management extended its full occupancy lease at 3530 Business Center Dr. in Chesapeake, VA. The 52,514-square-foot industrial building was constructed in 2006 on a six-acre site within the Cavalier Industrial Park. Christine...

MDH Buys 618,000-SF Interport Business Center in Richmond
MDH Partners, an Atlanta-based real estate investment company that manages more than 11 million square feet across the southeast U.S., acquired the Interport Business Center in Richmond, VA from a joint venture comprised of Columbia, MD-based Manekin...

QIC To Acquire Interests in Portfolio of 10 U.S. Regional Malls
QIC, a government owned investment company owned by the Queensland (Australia) Government, is expanding its real estate investment in the U.S. by acquiring additional interests of its joint venture partner, Forest City Realty Capital (NYSE: FCEA), in...

TH Real Estate Targets $400 Million in Value-Add Properties
After raising $245 million equity from investors from three large U.S. state pension plans that are repeat CASA Funds investors and a German pension fund, TH Real Estate has closed CASA Partners VII, the seventh in a series of multifamily funds. With...

Office Lease Up (October 2) Amazon Selects Manhattan for 360,000-SF Location at 5 Manhattan West
Amazon signed a 15-year office lease for 360,000 square feet in the 5 Manhattan West building at 450 W. 33rd St. in New York City. The recently-renovated Brookfield Properties' building stands 16 stories tall totaling more than 2.15 million square...

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