Suffolk
Real Estate
Suffolk developer buys 14 acres behind Smithfield Royal Farms
A month after Smithfield’s Town Council approved a Suffolk developer’s requested rewording of the town’s zoning ordinance, the land at the heart of the matter changed hands. According to Isle of Wight County land transfer records from March, developer Brian Mullins of Suffolk-based Quality Homes Inc. has acquired the 14 acres behind the Royal Farms […]
Hundreds of apartments, houses could be headed to Churchland in Portsmouth
PORTSMOUTH, Va. — There's a plan on the table to bring hundreds of apartments and homes to Portsmouth. Grove Church is working with Ripley Heatwole Company to potentially convert a portion of a 36-acre property into a housing development. According to documents presented to Portsmouth City Council, the property...
Norfolk’s shortage of affordable housing is growing. Study recommends trust fund.
NORFOLK — For the second time in eight years, a comprehensive housing study has yielded the recommendation for Norfolk to start a housing trust fund in order to create and preserve more affordable housing. But City Council members didn’t enthusiastically jump at the idea. Instead, they had some other thoughts on how to bring down the cost of living in the city. “Your challenges far outweigh ...
Old Dominion University set to host annual Hampton Roads Real Estate Market Review & Forecast
NORFOLK, Va. — Industry leaders will meet Wednesday to discuss the state of the real estate market in Hampton Roads. The annual Hampton Roads Real Estate Market Review & Forecast comes as the prospect of homeownership remains elusive for many people. According to NerdWallet, the current interest rate for...
Lovett Industrial and Heitman Acquire Industrial Park in Chesapeake, VA
NORFOLK, Va.--(BUSINESS WIRE)--Feb 29, 2024-- Lovett Industrial, the Houston-based real estate investment firm, in partnership with an affiliate of Chicago-based Heitman LLC (“Heitman”), a global real estate investment management firm, have acquired an approximate 720,000 square foot portfolio of industrial buildings in the urban core of Norfolk VA. Known as the Diamond Hill Distribution Center, the portfolio includes four buildings that are currently 100% leased at well below market rates, in a submarket with high barriers to entry.
January 2024 land transfers in Isle of Wight County
The following land transfers were recorded in Isle of Wight County Circuit Court during January: Barry L. Singleton to Michael S. MeHaffey, 14041 Foursquare Road, Smithfield, Parcel, Route 620, $385,000 NVR Inc. to Gary L. Breeger, 23090 Retreat Lane, Carrollton, Lot 40, Section 1A, South Harbor, $404,363 NVR Inc. to Kenneth R. Murphy Jr. 23099 […]
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