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2015 Real Estate Market Review
retail 2015 hampton roads real estate market review Author David Machupa Cushman & Wakefield | THALHIMER Survey Collection Luisa Lucero E.V. Williams Center for Real Estate and Economic Development Old Dominion University Data Analysis/ David Chapman, Ph.D. Layout Old Dominion University Financial The E. V. Williams Center for Real Estate and Economic Support Development (CREED) functions and reports are funded by donations from the CREED membership, organizations, and individuals. Disclosure The data used for this report are deemed reliable; however, neither Old Dominion University, the E. V. Williams Center for Real Estate and Economic Development, nor sponsoring companies and/or individuals make any representation or warranty as to its accuracy. 2015 retail 13 2015 retail d e f i N i T i o ns o f T e rms Asking Rates: The market rate per square foot of a retail property (excluding freestanding buildings and malls), exclusive of additional rents that may be paid under a triple net lease. Interpretation of average retail rates in General Overview different product types and submarkets should be viewed cautiously given the tremendous variability in rates for like products and for properties located within the same submarket. Factors such as visibility, co-tenancy, and accessibility, are some of the many sources of variation in market rates which should be considered. his report analyzes the 2014 retail real estate conditions Big Boxes: Contiguous retail space that is at least 23,000 square feet and located in any one of the identified within the Virginia Beach-Norfolk- product types. Retailers occupying big boxes include, but are not limited to, the following: category killers, specialty Newport News, Virginia Metropol- stores, discounters, furniture stores, grocery stores and theaters. -
2009 Real Estate Market Review
2009 HAMPTON ROADS REAL ESTATE MARKET REVIEW E. V. Williams Center for Real Estate and Economic Development www.odu.edu/creed ASSOCIATE PUBLISHER Mike Herron Inside Business 757.222.3991 SPECIAL PUBLISHING MANAGER Olga Curie GRAPHIC DESIGN Pico Design & Illustration www.picodesign.net 757.493.0370 AD DESIGN CONTENTS Kristie Mathison DIRECTOR OF SALES Bill Blake 757.222.3165 Message From The Director 5 ADVERTISING SALES Robin Simmons Tricia Smigel CREED Executive Committee 7 BUSINESS MANAGER Sylvia Mapp CREED Advisory Board Members 8 Inside Business 143 Granby Street 2009 Hampton Roads Retail Market Survey 11 Norfolk, Virginia 23510 757.222.5353 2009 Hampton Roads Industrial Market Survey 27 2009 Hampton Roads Office Market Survey 39 2009 Hampton Roads Residential Market Survey 57 2009 Hampton Roads Multi-Family Market Survey 73 E. V. Williams Center for Real Estate & Economic Development www.odu.edu/creed 2009 Commercial Real Estate Investment Market Review 87 Data for Old Dominion University E.V. Williams Center for Real Estate and Economic Development Market Survey was collected in the fourth quarter — 2008 3 MESSAGE FROM THE DIRECTOR elcome and thank you for joining us for the 2009 Old Dominion University E. V. Williams Cen- ter for Real Estate and Economic Development (CREED) Real Estate Market Review and Forecast. This is our 14th annual market report and review and we sincerely appreciate your Wcontinued support. Hampton Roads is officially designated the Virginia Beach – Norfolk – Newport News VA-NC MSA by the Office of Management and Budget. It encompasses 2,628 square miles, has a population of more than 1.6 million and a workforce of nearly 800,000. -
2004 Real Estate Market Review
OLD DOMINION UNIVERSITY CENTER FOR REAL ESTATE AND ECONOMIC DEVELOPMENT MARKET2004 SURVEY Center for Real Estate & Economic Development Some commercial real estate firms can help you with a particular problem. CB Richard Ellis helps you solve all your real estate issues. We have the optimal blend of broad service offerings, and a high quality delivery platform that touches every part of the globe. From valuation to debt or equity financing, facilities management to corporate services, asset management to investment sales as well as office, industrial and retail leasing. We can devise the ideal solution for any need. Put our problem-solvers to work for you. The Norfolk office of CB Richard Ellis is the only fully integrated real estate services firm in the local market. We dominate the office, corporate services and investment markets and are ready to exceed your expectations. With the power of our platform we have the solution for your real estate needs. EXPONENTIAL THINKING 150 W. Main Street Suite 1100 Norfolk,VA 23510 757.490.3300 CBRE.COM/NORFOLK COMMERCIAL REAL ESTATE SERVICES INSIDE 4 MESSAGE FROM THE DIRECTOR 7 2004 HAMPTON ROADS RETAIL MARKET SURVEY 23 2004 HAMPTON ROADS INDUSTRIAL MARKET SURVEY 33 2004 HAMPTON ROADS OFFICE MARKET SURVEY Center for Real Estate & Economic Development 55 2004 HAMPTON ROADS RESIDENTIAL MARKET SURVEY ASSOCIATE PUBLISHER 67 2004 HAMPTON ROADS William Sandy Smith MULTIFAMILY MARKET SURVEY Inside Business 757.446.2334 80 CREED ADVISORY BOARD GRAPHIC DESIGN Pico Design & Illustration www.picodesign.net 81 CREED ADVISORY BOARD 757.493.0370 MEMBERS ADVERTISING SALES Tage Counts • Craig Young Inside Business 150 West Brambleton Avenue Norfolk, Virginia 23510 757.446.2700 Data for Old Dominion Univeristy Center for Real Estate and Economic Development Market Survey was collected in the fourth quarter - 2003 MESSAGE FROM THE DIRECTOR Welcome to the 2004 issue of the Old Dominion University Center for Real Estate and Economic Development Real Estate Market Review and Forecast. -
DECEMBER2010 Lisa W
® Cover Photo by Lisa W. Cumming Photography Williamsburg has long been a tourist destination for the holidays, but as locals we know that there are literally hundreds of ways to enjoy the holidays that those passing through would never have time to experience. In fact, there are so many planned holiday events in our community that we’ve partnered with the Chamber & Tourism Alliance to create a print and online guide to everything there is to see and do! Meredith Collins, Publisher In this issue, we’ve interviewed some of the folks who are behind the scenes of some of the interesting and exciting holiday happenings and we’ve provided you with snippets of additional information and relevant online links to find out even more. However, the most important website address for you to remember and refer to is: www.ChristmasInWilliamsburg.com. You’ll find the tip of the iceburg in event listings in this issue beginning on page 29, but if you want to really wrap your arms around everything that’s available to elevate your holiday spirit, go to www.ChristmasInWilliamsburg.com. With both of these tools you’ll be in great shape to show your visiting friends and family a really good time in a most wonderful place - Williamsburg! NDN BROUGHT TO YOU BY 7BMJE1.UP1..POEBZ'SJEBZ Inside PAGE 3 PAGE 18 PAGE 39 Cindy Daniel Susan Dippre Business A Celebration of Food Festive Decorations Kim Maloney PAGE 7 PAGE 22 PAGE 43 Scott Gasparich Lynann Stensland Arts & Entertainment Bright Lights at Busch Gardens Party Planniing Mark Lerman PAGE 11 PAGE 25 PAGE 46 Capt. -
Newport News
Newport News 11 Central Apartments 11 Cedarwood Way, Newport News, VA 23608| (757) 875-5588 http://www.11centralapts.com. Application and administrative fees waived. $99 deposit with approved credit and 12 month lease. Cannot be combined with other rent and deposit specials. Some restrictions may apply. Apex at Ashton Green 329 Boulder Drive, Apt. B, Newport News, VA 23608 | (757) 887-1901. www.ashtonatoysterpoint-apts.com. 5% discount on rent. Ashton at Oyster Point *** 802 Constance Drive, Newport News, VA 23601 | (757) 595-0232. www.ashtonatoysterpoint-apts.com. 5% discount on rent. 16 min to shipyard Belmont at City Center*** 900 Lakefront Commons, Newport News, VA 23606 | (757) 847-5069. [email protected] | www.belmontatcitycenter.com Receive $200 off of your move-in rent with a 12-month lease. To receive this discount, employees must present their most recent Huntington Ingalls Industries pay stub. $1035-$1770. 18 min. from shipyard Brookridge Apartments & Townhomes 614 Peninsula Drive, Newport News, VA 23605 | (757) 245-2879. [email protected] |.www.brookridgeapts.com. Move-In Specials: One-bedroom garden style house, $595; two-bedroom townhome, $685. To claim offer, bring picture ID, Social Security card and 4 recent paystubs. Application fee is $30, security deposit is $99. Minimum monthly income requirement is $1,500. 5 min. to shipyard Cloverleaf Point & Village*** 968-25 Marcus Drive, Newport News, VA 23602 | (757) 596-1901. www.cloverleafapartments.com. $150.00 administrative fee (Half off of our regular deposit and admin fee) and no application fee. $899-$931. 16 min. to shipyard Colony Square Apartments 53 Colony Square Ct., Newport News, VA 23602 | Mary Acol (757) 874-6505. -
Virginia Statewide Intercity Bus Study
Virginia Statewide Intercity Bus Study September 2013 Final Report prepared for Virginia Department of Rail and Public Transportation prepared by KFH Group, Inc. under subcontract to Cambridge Systematics, Inc. Table of Contents Page Chapter 1: Intercity and Regional Bus Policy Context ...................................................... 1-1 Introduction .................................................................................................................. 1-1 Federal Policies ............................................................................................................. 1-2 Carrier Policies ............................................................................................................. 1-6 DRPT Policies on Intercity Services............................................................................ 1-9 Summary of the Policy Context .............................................................................. 1-11 Chapter 2: Inventory of Existing Intercity Bus Services ................................................................................................................... 2-1 Introduction ................................................................................................................... 2-1 Overview of Intercity Bus Services............................................................................. 2-2 Curbside Services .......................................................................................................... 2-7 Long-Distance Commuter Bus Services -
Market Review
ODU-MarketReview2008-FINAL2:ODUMarketReview2005 2/14/08 11:51 AM Page 11 RETAIL 2008 HAMPTON ROADS REAL ESTATE MARKET REVIEW Acknowledgements Author David Machupa Thalhimer/Cushman & Wakefield Data Analysis/Layout David Chapman Old Dominion University Financial Support The E. V. Williams Center for Real Estate for Real Estate and Economic Development (CREED) functions and reports are funded by donations from individuals, organizations and the CREED Advisory Board. Disclosure The data used for this report was provided by agents and owners of the surveyed properties. The data is deemed reliable; however, neither Old Dominion University, the E. V. Williams Center for Real Estate for Real Estate and Economic Development, nor Thalhimer/ Cushman & Wakefield makes any representation or warranty as to its accuracy. 11 ODU-MarketReview2008-FINAL2:ODUMarketReview2005 2/14/08 11:51 AM Page 12 2008 RETAIL General Overview his report analyzes the 2007 retail real estate conditions within the Virginia Beach– Norfolk–Newport News, T Virginia Metropolitan Statistical Area (the “MSA”), which is commonly known as Hampton Roads. It provides sup- ply, vacancy, construction, absorption and rent data for the MSA to provide a comparison of the data for Southside and Peninsula areas of Hampton Roads for specific submarkets and product types. The survey includes properties from the Southside of Hampton Roads located in the cities of Chesapeake, Norfolk, Portsmouth, Smithfield, Suffolk and Virginia Beach. Properties are also included from the Peninsula of Hampton Roads in Gloucester, Hampton, Newport News, Poquoson, Williamsburg and York County. This survey is believed to be the most comprehensive analysis of retail real estate trends in the MSA. -
Chapter 6 GETTING AROUND OTHER NASA CENTERS
CHAPTER 6 - GETTING AROUND OTHER NASA CENTERS Your Host Center is a Field Center, rather than NASA Headquarters. It is also likely that during your program year you will have the opportunity to visit one or more of NASA's Field Centers other than either your Host or Home Centers. The information is geared towards people temporarily relocating to or visiting the center. For each center you will find: a brief description of the center, a description of the area, information on temporary housing, popular restaurants, and things to do. When available, input from this year's class has been included to give you a more personal feel. The NASA Centers covered in this Chapter are listed below. Use this information to help you get more out of your visits around NASA. Over the years, many LDPers have updated these sections and we appreciate their past additions. Previous contributors have been listed at the end of this Chapter. NASA CENTERS Ames Research Center Dryden Flight Research Center Glenn Research Center Goddard Space Flight Center Jet Propulsion Laboratory Johnson Space Center Kennedy Space Center Langley Research Center Marshall Space Flight Center AMES RESEARCH CENTER (ARC) Updated by David Kao and Surendra Sharma Ames Research Center (www.arc.nasa.gov) is one of NASA's Science Research Centers, and the Agency's Center of Excellence for Information Technology. Ames has a wide variety of experimental, computational, and theoretical capabilities, which are dedicated to the advancement of aeronautical and space sciences. These include a large collection of wind tunnels, shock tunnels, arc jets and ballistic ranges for experimental studies; and the Agency's most advanced supercomputing capability. -
Virginia Statewide Intercity Bus Study (2013)
Virginia Statewide Intercity Bus Study September 2013 Final Report prepared for Virginia Department of Rail and Public Transportation prepared by KFH Group, Inc. under subcontract to Cambridge Systematics, Inc. Table of Contents Page Chapter 1: Intercity and Regional Bus Policy Context ...................................................... 1-1 Introduction .................................................................................................................. 1-1 Federal Policies ............................................................................................................. 1-2 Carrier Policies ............................................................................................................. 1-6 DRPT Policies on Intercity Services............................................................................ 1-9 Summary of the Policy Context .............................................................................. 1-11 Chapter 2: Inventory of Existing Intercity Bus Services ................................................................................................................... 2-1 Introduction ................................................................................................................... 2-1 Overview of Intercity Bus Services............................................................................. 2-2 Curbside Services .......................................................................................................... 2-7 Long-Distance Commuter Bus Services -
2005 Real Estate Market Review
2005MARKET SURVEY Old Dominion University Center for Real Estate and Economic Development Center for Real Estate & Economic Development www.odu.edu/creed CONTENTS 3 Message From The Director 5 2005 Hampton Roads Retail Market Survey 21 2005 Hampton Roads Industrial Market Survey 31 2005 Hampton Roads Office Market Survey 51 2005 Hampton Roads Residential Market Survey 65 2005 Hampton Roads Multi-Family Market Survey 77 2005 Commercial Real Estate Investment Market Review 85 CREED Executive Committee 86 CREED Advisory Board Members Center for Real Estate & Economic Development ASSOCIATE PUBLISHER GRAPHIC DESIGN ADVERTISING SALES www.odu.edu/creed William Sandy Smith Pico Design & Illustration Tricia Bernstein Data for Old Dominion Inside Business www.picodesign.net Tage Counts University Center for Real Estate 757.222.5342 757.493.0370 Craig Young and Economic Development Market Survey was collected in Inside Business • 258 Granby Street • Norfolk, Virginia 23510 • 757.222.5353 the fourth quarter - 2004 hanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks than hanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks than hanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks thanks than hanks thanks thanks thanks thanks thanks thanks -
Market Review
The E. V. Williams Center for Real Estate for Real Estate and Economic Development wishes to acknowledge all of the firms, individuals and organizations for providing the necessary real estate information and assistance. Without their support, this survey would not be possible. Abbitt Management Company Amy-Shu Properties B. Bruce Taylor Company RETAIL Benson and Associates Blackwood Development Brandywine Real Estate Mgmt. Serv. Corp. Budlong Enterprises Cafferty Commercial Real Estate Services CB Richard Ellis Charter Oak Partners Commercial Real Estate Services Cousins Market Center Crown America Divaris Real Estate DLC Management Corporation HAMPTON ROADS Dominion Properties Group MARKET SURVEY Drucker and Falk 2007 Earle W. Kazis Associates Edens and Avant Equity Capital Realty Erwin L. Greenberg & Associates First Allied Corporation First Republic Global Real Estate and Investment Great Atlantic Commercial Real Estate Acknowledgements Griffith Real Estate Services GVA Advantis H&M Investment Corporation Author Harbor Group International Christopher C. Read Jefferson Realty Group CB Richard Ellis John Yancey Companies Long and Foster Mall Properties Data Analysis/Layout Mark Properties David Chapman McLesky and Associates Old Dominion University NAI Harvey Lindsay New Plan Nichols, Inc. Financial Support Overton Family Partnership The E. V.Williams Center for Real Estate for Real Estate and Economic Parker Construction Development (CREED) functions and reports are funded by donations from Pembroke Commercial Realty Perrine & Wheeler individuals, organizations and the CREED Advisory Board. The Hampton Phillips Edison Roads Association of Commercial Real Estate provided funding for the Potter and Company publishing of this report. Prime Commercial Real Estate Richardson Real Estate Riverdale Management Company Disclosure Robert Brown and Associates The data used for this report was provided by agents and owners of the S.L. -
Market Review
RETAIL 2014 HAMPTON ROADS REAL ESTATE MARKET REVIEW Author David Machupa Cushman & Wakefi eld | THALHIMER Survey Collection Kyllie Bullion E.V. Williams Center for Real Estate and Economic Development Old Dominion University Data Analysis/ David Chapman, Ph.D. Layout Old Dominion University Financial The E. V. Williams Center for Real Estate and Economic Support Development (CREED) functions and reports are funded by donations from the CREED membership, organizations, and individuals. Disclosure The data used for this report are deemed reliable; however, neither Old Dominion University, the E. V. Williams Center for Real Estate and Economic Development, nor sponsoring companies and/or individuals make any representation or warranty as to its accuracy. 2014 RETAIL 13 2014 RETAIL General Overview his report analyzes the 2013 retail real estate conditions within the Virginia Beach-Norfolk-New- port News, Virginia Metropolitan Statistical Area (MSA) which is commonly referred to as Hampton Roads. The report examines supply, vacancy, construction, absorption, and rent data to provide a comparison of data for the specifi c submarkets and product types located within the Southside and Peninsula regions of the Hampton Roads MSA. Southside properties surveyed for the purpose of this report included those located in the cities of Chesapeake, Norfolk, Portsmouth, Smithfi eld, Suffolk and Virginia Beach. Peninsula properties surveyed are located in the cities of Gloucester, Hampton, Newport News, Poquoson, Williamsburg, and York County. This survey is recognized as the most comprehensive analysis of retail real estate trends in the Hampton Roads MSA. The report includes information on all retail property types including regional malls, freestanding buildings and strip centers of various classifi cations.