Realty News Archive
AEW Capital Management LP, the North American subsidiary of AEW Global, has purchased the Settlers Market shopping center in Williamsburg for $61.2 million, according to the seller, Federal Capital Partners, a private real estate investment company based in Chevy Chase, Md.
Real estate activity leveled off in May after a strong start for the year. The Virginia Beach-based Real Estate Information Network, Hampton Roads' multiple listing service, said Friday the number of residential listings and settled sales increased less than 2 percent last month.
Six downtown Norfolk properties that will be redeveloped through a new incentive program will be open for tours from 9 a.m. to 4 p.m. Saturday. The Vibrant Spaces program aims to be a catalyst for rapid growth downtown by providing cash incentives to applicants with the best business plans.
VIRGINIA BEACH The construction arm of Armada Hoffler Properties Inc. has been contracted to build two new hotels at the Oceanfront, the company said Monday.
More than 200 area families who can't quite afford to buy a home may be eligible for a $15,000 grant to go toward their down payments.
This summer, Wells Fargo is planning to give $3.3 million to families looking to buy homes in Virginia Beach and Norfolk through its HomeLIFT program, bank officials said Wednesday.
PORTSMOUTH In a city where tax revenues are nearly flat, City Council members see a glimmer of hope in a developer's plans to build luxury apartments on two city-owned properties in downtown.
NORFOLK A triangle-shaped building once home to hundreds of pigeons has been resurrected into an apartment community near the city's arts district.
Harbor Group International LLC, a private real estate investment company based in Norfolk, said Wednesday its affiliates have sold three properties for $488.5 million.
PORTSMOUTH The City Council approved amendments to its flood ordinance Tuesday to comply with federal regulations, which means more homes will need flood insurance. The same homeowners might have to raise their homes 3 feet above the expected floodwaters. The city's new map of flood zones goes into effect Aug. 3. ____
Foreclosure-related notices filed in Hampton Roads went down 1 percent last month, according to a report expected to be released today.
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