Realty News Archive
Foreclosure-related notices were filed for almost 6,000 properties in Hampton Roads in 2014, according to a report to be released today. Last year, the region continued a downward trend in foreclosure activity, which peaked in 2010 when notices were filed for 12,815 properties, according to a report by RealtyTrac, a foreclosure-monitoring service in Irvine, Calif.
VIRGINIA BEACH Cheers! And strike! Amid two stills and dozens of sea-foam green vodka bottles, Chris Richeson's mind drifted to the future at his distillery on Production Road earlier this week. He envisioned a bigger building with 20-foot ceilings, a store and a glass wall so customers could see how Beach Vodka is made.
Existing home sales in Hampton Roads last year lost the forward momentum that had been building slowly since 2012, according to data released on Tuesday.
NORFOLK An apartment complex proposal in the St. Paul's Quadrant was postponed Tuesday on the heels of a Virginian-Pilot article that raised questions about the project. The developer, S.L. Nusbaum Realty Co., said it was delaying the project so it wouldn't have to compete for federal low-income tax credits with another development.
Norfolk-based Harbor Group International LLC said this week that affiliates of the company recently sold four apartment communities for about $166 million. The four properties were The Birches, comprising 312 units in Chesapeake; Sun Lake, 600 units in Orlando; The Brazos, 286 units in Dallas; and Creekside Corners, 444 units in Atlanta.
Realtor Patti Frankenfield had been with a local real estate company for about 25 years when it was bought last year by a bigger firm based in Pennsylvania. The luxury-home specialist decided she needed to make a change and considered a slew of options, including opening a boutique realty company with a handful of other agents.
RICHMOND Be careful what you wish for. If a certain craft brewery is involved, you might end up with a hangover before the barrels are even filled.
VIRGINIA BEACH Looks like big changes are coming to Pembroke Mall. The region's oldest indoor shopping center is courting several new stores that could commit within weeks. Among those: The Fresh Market, an European-style grocer, and Recreational Equipment Inc., commonly known as REI, an outdoor sporting goods store.
The Norfolk Economic Development Authority recently closed on the purchase of 16 acres owned by J.C. Penney in The Gallery at Military Circle mall complex.
The $2.5 million acquisition includes a 209,000-square-foot building that's attached to the rest of the mall and 1,436 parking spaces. The site is at the intersection of Military Highway and Virginia Beach Boulevard.
Home sales in South Hampton Roads slipped 3.1 percent in November, according to a report released Thursday by the Real Estate Information Network, the region's multiple listing service. The number of existing homes sold last month dropped to 933 from 963 in November 2013, according to the report.
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