Realty News Archive

Simon plans to break ground on Norfolk outlet mall in April

After setbacks and delays, the developers behind a proposed outlet mall on the site of the former Lake Wright Golf Course said this week they plan to break ground in April.

Local foreclosures leap in September

Foreclosure activity spiked in September in Hampton Roads, according to a report set to be released this morning. Last month, lending institutions filed 790 foreclosure-related notices across the region, up 77.1 percent from the same month in 2014, according to RealtyTrac, a foreclosure-monitoring service based in Irvine, Calif.

Plan to build homes north of Virginia Beach agricultural line approved

VIRGINIA BEACH Planning commissioners voted 7-3 Wednesday to approve a zoning change for a housing development on undeveloped land just north of the city's agricultural boundary. Kotarides Developers LLC wants to build Princess Anne Meadows, a subdivision of 80 single-family homes, on 42 wooded acres on Princess Anne Road across from Virginia Beach National Golf Club.

For mortgage shoppers, simpler forms called biggest change in 40 years

A few changes in the homebuying process that take effect today may have a big impact on how borrowers shop. Homebuyers will receive fewer forms when applying for financing, and they're designed to be more understandable, so shopping for an affordable mortgage should be easier.

Around Town | New apartments near Beach municipal center

VIRGINIA BEACH Can you get some information on the huge project that is taking place behind the Harris Teeter on Nimmo Parkway? - Ken Beatty Construction is under way for Southern Pines Apartments – a nine building, gated, luxury apartment community that will open by late next summer. The apartment complex, developed by Franklin Johnston Group, is at 2476 Nimmo Pkwy. 

Iconic pink Oceanfront Dairy Queen closes today

VIRGINIA BEACH Get your last licks of a chocolate dip cone at the Dairy Queen on 27th Street next to the Boardwalk. It will close for good today. The 1949 pink building will be demolished. Armada Hoffler Construction Co. plans to build two Oceanfront hotels on 27th Street.

Belvedere hotel and diner at the Oceanfront prepares to close Sunday

VIRGINIA BEACH Years ago, Leigh Willis' mother picked out the driftwood paneling for the guest rooms at The Belvedere Beach Resort. Those pillows with sandpipers painted on them? Willis ordered 88 - one for each bed - from a local boutique. And that little bag of peach- and blue-colored saltwater taffy on the night stand? It's a Belvedere tradition.

Walgreens near Shops at Hilltop sells for $12 million

The new Walgreens Pharmacy at the intersection of Laskin and First Colonial roads in Virginia Beach has been bought by Sequoia Frankford Springs for $12 million, according to CBRE | Richmond.
The 14,200-square-foot store was built earlier this year and opened in June 2015. CBRE | Richmond represented the seller, Old Brandon First Colonial Associates LLC. 

Condo association files 2nd suit against woman forced to move due to Chinese drywall

NORFOLK Michelle Germano's fate lies in the hands of the people who have sued her for money before. On Wednesday, the 65-year-old woman will face the Harbor Walk Condominium Association at the courthouse once again - but this time, a judge has ordered them to mediation.

The Rockefeller: Once a homeless shelter, now a chic apartment spread

NORFOLK The name itself might be the most obvious paradox. The Rockefeller, the newest luxury apartment community to open its doors in downtown, was a dilapidated former homeless shelter just a year ago. The iconic building was constructed in the early 1900s as a YMCA facility for the Navy, largely on the dime of John D. Rockefeller, the wealthiest businessman of his time.

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