Ferrum
Ferrum, VA · Real Estate
13News Now
Value City Furniture closing all remaining stores, months after filing for bankruptcy
CHESAPEAKE, Va. — A bankruptcy court has approved a joint venture of SB360 Capital Partners, Hilco Global, and Gordon Brothers to operate going-out-of-business sales at all remaining Value City Furniture and American Signature Furniture stores, the firms announced on Friday. The sales apply to 89 stores operated by American...
WAVY News 10
Furniture frustration in Hampton Roads, across U.S.
CHESAPEAKE, Va. (WAVY) — A Chesapeake resident says Value City Furniture is leaving him high and dry, coming after its parent company, American Signature, filed for Chapter 11 bankruptcy in November. David Burpeau says he has been ripped off. “We just started looking for furniture and stopped by Value City Furniture at Greenbrier, and bingo, we found a couch system that […]
WAVY News 10
Experts: Local housing crisis will worsen without more units on less land
HAMPTON ROADS (WAVY) — President Trump says he wants to ban institutional investors from buying up houses, and while that’s not a problem in our area, other factors are keeping first-time homebuyers on the sidelines. Phil Kazmierczak, president of the Hampton Roads Realtors Association, wants to see more units on fewer acres. The mixed-use developments […]
yieldpro.com
Bonaventure Launches DST Offering Fractional Ownership in Class A Multifamily Property in Norfolk
Bonaventure, a vertically integrated multifamily real estate investment firm, has launched Promenade Pointe DST, a 1031 exchange-eligible, Class A waterfront multifamily property located in Norfolk, Virginia. The DST represents approximately $50.1 million in total capitalization, including $20.1 million in investor equity. Since its founding 25+ years ago, Bonaventure has specialized...
WAVY News 10
Just days after WAVY report, Value City Furniture goes out of business
PORTSMOUTH, Va. (WAVY) — Liquidation sales are underway at all Value City Furniture and American Signature Inc. stores, the company confirmed in a message on its website. It states, “As part of the outcome of our sale process, all [Value City Furniture] and [American Signature Inc.] retail stores will be permanently closing. Customers can visit our remaining locations and take advantage of store closing sales while inventory lasts. All sales are final.”
WAVY News 10
Furniture frustration in Hampton Roads, U.S
marejournal.com
Kushner expands Hampton Roads presence with acquisition of multifamily community in Norfolk
NORFOLK, VA — Kushner announced the acquisition of a 295-unit multifamily community in Norfolk. Formerly known as Livano Norfolk, the property has been rebranded District 757. LIV Development was the seller, with Berkadia serving as the broker on the transaction. Financing was provided by Fannie Mae, arranged by Berkadia mortgage team.
13News Now
Affordable housing complex opens in Norfolk
NORFOLK, Va. — The Newport Gardens Apartments now sit along 35th Street in the Park Place neighborhood. It’s a spot in the city where leaders say workforce housing is lacking. Sean Washington, Director of Economic Development for the City Of Norfolk, spoke at Wednesday’s ribbon-cutting for the complex....
People
realtytimes.com
Hampton Roads Buyers See Expanded Inventory
VIRGINIA BEACH, Va. – Homebuyers across Hampton Roads had more options in. November than they did a year ago, even as active listings declined slightly from October’s levels. According to data from the Real Estate Information Network (REIN)—the multiple listing service for Hampton Roads—year-over-year, inventory growth continues to...
connectcre.com
Berkadia Arranges Sale, Financing of Norfolk Multifamily
Berkadia has arranged the sale of Livano Norfolk, a new 295-unit multifamily community in Norfolk, Virginia. Senior Managing Director Drew White, Managing Director Carter Wood and Director Cole Carns of Berkadia Richmond represented the seller, LIV Development. Senior Managing Director Laura Cathlina and Associate Director Anna Burns of Berkadia Chicago arranged acquisition financing via Fannie Mae on behalf of the buyer, Kushner.
yieldpro.com
Berkadia Arranges Sale & Financing of Livano Norfolk Apartments, Rebrands Property to District 757
Berkadia, a distinguished leader in the commercial real estate sector, has arranged the sale of Livano Norfolk, a new 295-unit multifamily community in Norfolk, Virginia. Senior Managing Director Drew White, Managing Director Carter Wood and Director Cole Carns of Berkadia Richmond represented the seller, LIV Development. Senior Managing Director Laura...