Virginia Real Estate News

Proposed Constitutional Amendment on Eminent Domain: Cons and Pros
JD Supra (press release)
The proposed eminent domain constitutional amendment is pending at the 2012 Virginia General Assembly. See 2012′s bills on the amendment, HJ 3 and SJ 3. If these bills pass the proposed amendment in the same form as last year, the amendment will be on ...

Brambleton Recognizes Go Bananas' Commitment to Community Service
MarketWatch (press release)
Brambleton is an award-winning master-planned community located in Loudoun County, Virginia. Brambleton encompasses nearly 2000 acres and 8181 single-family homes, townhomes, and condominiums. Brambleton is owned and operated by Soave Real Estate.

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Ledyard Real Estate Transactions: Town Buys Three Tracts For One Dollar
Patch.com
Patricia Gross, of Alexandria, Virginia transferred property at 20 Saw Mill Drive to Timothy W. Manke for $251000. The Dorothy Santin Atkinson Revocable Trust transferred three tracts of property located on Long Cove Road to the Town of Ledyard for one ...

President of Buyer's Edge Responds to Washington DC's #3 Ranking for Real ...
Houston Chronicle
Results from AFIRE's Annual Foreign Investment Survey ranked Washington DC #3 in top US cities for real estate investment. According to Buyer's Edge President, Steve Israel, there are several compelling reasons why Washington DC area real estate is a ...

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Study shows Virginia wine industry bearing fruit: economic impact more than ...
Washington Post
Virginia's wine industry also has seen some recent celebrity interest, with real estate mogul and reality television figure Donald Trump opening up Trump Vineyard Estates in Albemarle County in September. He purchased the 770-acre winery and the ...

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RichmondBizSense
The Pipeline: Commercial Real Estate Roundup for 2.3.12
RichmondBizSense
Porter Realty Company, Inc. announced the following deals: Virginia Crane Properties LLC purchased a 7220 square foot warehouse at 11357 Virginia Crane Drive in Hanover County for $615000. Power Systems & Controls Inc. purchased a 6600 SF ...
Business in briefHenrico Citizen

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Henrico-based StreamCo acquires hotel management firm
Richmond Times Dispatch
Henrico County-based StreamCo LLC, a fast-growing company specializing in commercial real estate asset management services, said Thursday that it has acquired Afton Hospitality, a Virginia Beach-based hotel management and consulting firm.

Stafford property values up slightly
The Free Lance-Star (blog)
The county's current real estate tax rate, set in 2011, is $1.08 per $100 of assessed value, a drop from 2010, when supervisors set the rate at $1.10 following that reassessment. Virginia requires each locality to calculate and advertise an effective ...

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CBS Local
Virginia Wine Industry Booming; 5.5 Million Bottles Sold In 2011
CBS Local
Virginia's wine industry also has seen some recent celebrity interest, with real estate mogul and reality television figure Donald Trump opening up Trump Vineyard Estates in Albemarle County in September. He purchased the 770-acre winery and the ...

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Latest City Real Estate Assessments Up 4%
Falls Church Times
The real estate value of multi-family apartments increased 5 percent, large office buildings are up 2 percent and large retail properties are up 2 percent. The value of City hotels increased 4.2 percent. As set forth in the Virginia Constitution, ...

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Franklin Financial Corporation Reports First Quarter 2012 Financial Results
MarketWatch (press release)
... in nonperforming loans and a $183000 decrease in real estate owned. The Company recorded other-than-temporary impairment charges of $1.5 million in earnings for the quarter, primarily related to equity investments in Virginia-based community banks.

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MCBURNEY v. YOUNG
Leagle.com
NATHANIEL L. YOUNG, Deputy Commissioner and Director, Division of Child Support Enforcement, Commonwealth of Virginia; THOMAS C. LITTLE, Real Estate Assessment Division, Henrico County, Commonwealth of Virginia, Defendants-Appellees, and HON.

Lower land values squeezing Richmond-area governments
Richmond Times Dispatch
Real estate assessments across central Virginia continue to decline, government services keep going down with them, and the hope for a quick recovery is nearly impossible, say area and regional government leaders. Chesterfield County is the latest ...

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Virginia business briefs for Feb. 2
Richmond Times Dispatch
Before joining Bank of Virginia, Dickinson spent his career with SunTrust Bank. Most recently, he was senior credit officer and executive vice president of commercial real estate at SunTrust. Dickinson, 52, received his bachelor's degree from the ...

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Local reps supportive of state incentive plans
Parkersburg News
By BRETT DUNLAP (bdunlap@newsandsentinel.com) , Parkersburg News and Sentinel PARKERSBURG - West Virginia lawmakers are receptive to additional incentives to lure a multibillion-dollar chemical processing plant to West Virginia. Last week, Gov.

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Williams Mullen Partner John L. Walker, III Elected Chairman of the Board of ...
DigitalJournal.com (press release)
Williams Mullen announced today that John L. Walker, III has been elected Chairman of the Board of Governors of The Virginia Bar Association for 2012. This election puts Mr. Walker in line to become the 125th president of the VBA in 2014.

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Walker Square Launches "Home Buying 101: Real Estate Terms Made Simple"
MarketWatch (press release)
31, 2012 /PRNewswire via COMTEX/ -- The Condominiums at Walker Square, offering condos in Charlottesville, VA, today launches its 2012 "Home Buying 101: Real Estate Terms Made Simple" campaign designed to educate students and local professionals on ...

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The doctor is in (real estate)
Washington Business Journal (blog)
A Northern Virginia medical group is expanding its practice to include real estate development after concluding it made more sense to become its own landlord rather than to remain as a tenant. Fairfax ENT & Facial Plastic Surgery has tapped Avison ...

The USDA Loan and other Real Estate Issues in the DC Area
We Love DC
By David Huzzard, 11:00 am January 31st, 2012 Many of you that frequent We Love DC know me as the writer for the Redskins, Nationals, and other sports, but in the day time and sometimes at nights I am a licensed Realtor in the state of Virginia with ...

News Briefs: Local real estate license suspended
BlueRidgeNow.com
The North Carolina Real Estate Commission has suspended the brokerage license of Dale A. Hamlin for three years, the commission said in a disciplinary action report. Hamlin was suspended for receiving a 6 percent referral fee paid by a builder in ...

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