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Hurricane Florence Threatens More Than $33 Billion in Commercial Property
Hurricane Florence, an intensifying Category 3 storm nearing the shores of North Carolina and South Carolina, will imperil an estimated $33.5 billion in commercial real estate. In an analysis of the coastline from Georgetown, South Carolina, to Buxton...

Southern States Sells Class A Richmond Office Building in $14.7M Sale-Leaseback Deal
The 206,068-square-foot, Class A office building at Brookfield Office Park in Richmond, Virginia. Thalhimer Realty Partners (TRP) purchased a 206,068-square-foot office building at Brookfield Office Park in Richmond, Virginia, from Southern States...

Northstar Pays $4.5M for Affordable Housing Complex in Danville
Leasing office at the 168-unit Northpointe apartment complex in Danville, Virginia. Northstar Equity Partners, a full-service investment firm, purchased a 168-unit affordable housing complex in Danville, Virginia, from a private investor. Northpointe...

Lexington Realty Trust Sells $726 Million Office Portfolio as Focus Shifts to Single-Tenant, Net-Leased Industrial Properties
The 200,000-square-foot AvidExchange office building in Charlotte, North Carolina, was one of 21 Lexington Realty Trust sold to a new joint venture. Lexington Realty Trust sold its majority ownership in a portfolio of 21 office buildings for $726...

Brick Lane Pays $25M for Richmond Apartment Complex
The 348-unit Falling Creek apartment complex in Richmond, Virginia. Brick Lane, an investment, development and management firm based in Washington, D.C., purchased a 348-unit apartment complex in Richmond, Virginia, from BAF Associates. Falling Creek...

S.L. Nusbaum Elevates Childress to Officer in Norfolk
Susan Childress has been promoted to officer at S.L. Nusbaum Realty Co. in Norfolk, Virginia. The 30-year industry veteran joined the firm in 2009 as a corporate marketing director, where she oversaw all marketing efforts for brokerage and corporate...

Phoenix Investors Break Into Norfolk Industrial Market
Aerial of the distribution buildings in Chesapeake, Virginia. Phoenix Investors (Phoenix), a national investment firm based in Milwaukee, purchased two industrial buildings totaling 333,975 square feet in Chesapeake, Virginia from a private investor...

The City of Norfolk Buys Class A Office Bldg. for Norfolk Community Services Board
The 53,338-square-foot office building at 7447 Central Business Park Dr. in Norfolk, VA. The City of Norfolk purchased a 53,338-square-foot office building in Norfolk, VA from Miami-based Rialto Capital Advisors for $4.5 million, or about $84 per square...

Shamin Hotels Sells 82-Room Hotel in Emporia
The 82-room Fairfield Inn & Suites in Emporia, Virginia. A private investor purchased an 82-room hotel in Emporia, Virginia from Shamin Hotels. Fairfield Inn & Suites sold for $6.5 million, or about $78,000 per room. The three-story structure at...

Cushman & Wakefield | Thalhimer Hire Associate, Senior Associate
Baker Lynn and Annie O’Connor joined Cushman & Wakefield | Thalhimer in Richmond, Virginia. Lynn has been tapped to serve as an associate, where he will focus on office leasing and sales. Prior to joining the firm, he was a leasing manager at...

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