Thursday, March 23, 2023

Real Estate

Latest Lease Transactions Include Home Improvement Companies, Wellness Services, Retail Shops

Among the latest new commercial real estate lease transactions on the Peninsula are new home improvement companies, a new Starbucks, a new health & wellness company, an apparel shop, a new restaurant, a new fitness facility, and other businesses. Cushman...

Pop’s Drive In Restaurant In York County Is For Sale

YORK-Loyal fans of the legendary Pop’s Drive In restaurant in York County, brace yourselves. Change is in the air. The popular diner is officially closing its doors under current ownership on Thursday, March 23. Long & Foster Real Estate listed...

Hampton Discusses Changes To Short-Term Rental Policies

HAMPTON—City officials with the Hampton Planning Commission and Hampton City Council held a special joint session recently to seek guidance on the desired policy framework to establish conditions that should apply to the issuance of the first short-term rental...

Foundations Church Waiting For Approval On Former JCPenney Site

YORK – Foundations Church Williamsburg has cleared one hurdle in its quest to move into the former JCPenney store at the Marquis Shopping Center in Greater Williamsburg, and is set to tackle another. The church has not acquired the building,...

Hampton Roads House Sale Closures, Pending Sales On The Rise

According to the latest information from the Real Estate Information Network (REIN) Inc., February 2023 saw an increase in both house sale closures and pending house sales for the Hampton Roads region. In addition, selling prices also increased in February,...

Land & Coates Set For April Opening In Gloucester

GLOUCESTER – When construction began on the new Land & Coates location in Gloucester in July 2022, president and co-owner Barden Winstead was targeting an April opening. Things are right on schedule as the company, which specializes in outdoor power...

Virginia Peninsula Chamber Of Commerce Plans To Relocate Office

HAMPTON-The Virginia Peninsula Chamber of Commerce (VPCC) is on the move, in more ways than one. Effective March 31, the organization will close its office at 21 Enterprise Parkway in Hampton and, if all goes well, will occupy a...

Williamsburg’s High Street Developer Wants To Swap Retail For More Residential

WILLIAMSBURG – The fallout from the pandemic continues: the developer of the mixed-use High Street development in Williamsburg is asking the city to let them build more apartments on two vacant parcels because they have not been able to...

$25 Million In Upgrades And Expansion Coming To Kingsmill

JAMES CITY-Over the next five years, Escalante Golf, which owns the Kingsmill resort and community in Greater Williamsburg, wants to invest $25 million for renovations and expansion. In a press release on Friday, March 3, Escalante Golf announced it has...

REIN Records Lowest Monthly Closing Sales Since 2017

In its monthly real estate report for the region for the month of January, the Real Estate Information Network (REIN) recorded 1,502 settled sales, or closings, for the Hampton Roads region, the lowest recorded number of monthly closings since...

Industrial Building In Newport News Sold For More Than $2 Million

NEWPORT News-An industrial property In Newport News was recently sold for more than $2 Million. Cushman & Wakefield/Thalhimer announced the sale of the property located at 1011 & 1031 44th St. on February 22. The 30,000 square foot warehouse building, which...

Goodwill Opens Donation Center In Gloucester

GLOUCESTER – After searching for almost 14 years, Goodwill Industries finally has opened a donation center in Gloucester. In early February, the non-profit organization completed the purchase of the former BB&T bank building at Gloucester Point. It was announced on...

Latest news

Getting To Know…Bob McKenna

Bob McKenna, president and CEO of the Virginia Peninsula Chamber of Commerce, has been with the organization since 2018. A veteran of the U.S. Navy, he previously served as a contractor and a consultant for the U.S. Department of...

Navy Veteran Opens Carpet Cleaning Franchise In Williamsburg

WILLIAMSBURG-A soft opening was held in February for a new carpet and floor cleaning franchise in Williamsburg. Cornelius Davis, who retired from the U.S. Navy in 2019, opened JDog Carpet Cleaning & Floor Care of Virginia. The business specializes in...

Latest Lease Transactions Include Home Improvement Companies, Wellness Services, Retail Shops

Among the latest new commercial real estate lease transactions on the Peninsula are new home improvement companies, a new Starbucks, a new health & wellness company, an apparel shop, a new restaurant, a new fitness facility, and other businesses. Cushman...