Realty News Archive

Norfolk poised to tear down leaning building if developer doesn't fix issues

NORFOLK The Savoy - downtown's infamous leaning building - has been waiting for someone to make it respectable. But it has been waiting so long that the city says its days could be numbered.

William E. Wood merger complete

William E. Wood and Associates capped off its merger with the nation’s fourth-largest real estate company last week when it exchanged its familiar red signs for Howard Hanna Real Estate Services’ green ones.

Area home sales were way up in June over last year - and so were foreclosures

A wave of homebuyers signed contracts in June, pushing home sales up by more than a quarter in Hampton Roads. Last month, 1,652 existing homes were sold in South Hampton Roads, up 27.1 percent over June 2014, according to a report released this week by the Real Estate Information Network, the region's multiple listing service.

Armada Hoffler buys property near proposed Virginia Beach light-rail route

Armada Hoffler Properties has purchased the Columbus Village shopping plaza, giving the developer a prime piece of property adjacent to the city’s proposed site for a light-rail transfer station.

An Iran deal would help drivers - and homesellers

Whatever happens in Iran and Greece, gas prices almost surely will fall during the remainder of the year, analysts say. That will benefit not just drivers, but also homeowners looking to move, according to a Virginia researcher.

Neighborhood spotlight: Virginia Beach's Saw Pen Point "a hidden secret"

VIRGINIA BEACH Marge Schechner designed the house she and her husband, Steve, built in Saw Pen Point in 1982. The couple lived in Stratford Chase in the Kempsville area of Virginia Beach, but they knew that wasn’t to be their final home. The five-bedroom, four-and-a-half-bath home in Saw Pen Point, where they raised their four children, however, is their forever home.

Developers see opportunities for luxury apartments in Portsmouth

PORTSMOUTH Several high-end apartment developers think Portsmouth is a city ripe for investment.

Survey seeks feedback on old Obici property in Suffolk

The Economic Development Authority is looking for feedback on potential commercial redevelopment along North Main Street downtown, a news release said.
An online survey is available for those interested in sharing what they would like to see in Obici Place, a proposed mixed-use development at 1900 N. Main St.

Foreclosure filings in Hampton Roads increase 12.4%

The number of foreclosure-related notices filed in Hampton Roads increased 12.4 percent last month from a year ago, according to a report set to be released today. There were 709 filings in the region in May, up from 631 in the same month last year and 646 in April, according to RealtyTrac, a foreclosure monitoring service based in Irvine, Calif.

Chesapeake council says no to Shillelagh Road condos

CHESAPEAKE The City Council called a plan to bring 196 condos to Shillelagh Road premature before saying no to the western Chesapeake project Tuesday night. The council denied Shillelagh Commons, presented by Bishard Development, with a 5-4 vote.

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