Commercial real estate investors have spent the past several years navigating a dramatically different capital environment. After more than a decade of historically low interest rates, rapid valuation growth, and readily available financing, the market has shifted. Higher borrowing costs, tighter lending standards, and changing property fundamentals are forcing owners to confront one of the industry's most significant challenges: refinancing maturing debt. For investors with

The Uzun Group at Marcus & Millichap has successfully closed the sale of Azalea Garden Apartments, a 20-unit multifamily property located at 3475 Azalea Garden Road in Norfolk, Virginia. This latest Norfolk multifamily transaction sold for $1,950,000, reflecting a 6.15% cap rate and a price per unit of $97,500 — solid metrics that continue to reflect strong investor appetite across the Hampton Roads multifamily market. The deal moved quickly from the outset. The listing gener

The Hampton Roads commercial real estate market is entering the second half of 2026 with a combination of resilience, shifting fundamentals, and selective investment opportunities. While elevated borrowing costs and tighter lending standards continue to influence transaction activity nationwide, Hampton Roads remains supported by economic drivers that distinguish it from many comparable metropolitan areas. Anchored by the Port of Virginia, a significant military presence, shi

The Uzun Group at Marcus & Millichap closed the sale of a 7,812 SF flex industrial property in Norfolk, VA for $925,000, drawing 8 tours and 6 competitive offers from a first-time seller client.

Why Multifamily Innovation Feels Slower Than It Did a Few Years Ago Not long ago, multifamily technology seemed to be evolving at an incredible pace. Every conference introduced new platforms promising to improve leasing, resident communication, maintenance, amenity access, pricing, or operational efficiency. Property owners and operators were flooded with new software solutions, each claiming to streamline operations and improve performance. Today, the pace feels different.

The Next Wave of Multifamily Markets: Where Investors Are Looking Beyond the Major Metros For years, multifamily investment activity has concentrated around major gateway and Sun Belt markets. Cities like Dallas, Atlanta, Phoenix, and Tampa attracted outsized capital due to rapid population growth, strong job creation, and favorable migration trends. But as pricing became increasingly compressed and new supply surged, investors began looking for opportunity elsewhere. Today,

What Rising Multifamily Construction Starts Could Mean for Investors After several years of elevated construction activity, many investors have been asking the same question: Has multifamily supply finally started to slow down? The answer is more nuanced than many expected. Recent housing data shows multifamily construction activity gained momentum in April, even as broader housing trends remained mixed. While total housing starts softened slightly month-over-month, multifami

A double-digit tour count. A double-digit offer count. And a first-time seller who trusted the Uzun Group with the process from start to finish. That combination defined the latest Norfolk, VA multifamily investment sale — the closing of 1208 W Ocean View Avenue, a 12-unit multifamily property plus one single-family home located in Norfolk's sought-after Ocean View neighborhood. The listing generated strong, sustained investor interest throughout its time on the market, ultim

Eighteen tours. Eleven offers. A competitive buyer selection process that took just 60 days from contract to close. That's the story behind the Uzun Group's latest Virginia multifamily investment sale — the successful closing of the Danville Portfolio, a 44-unit multifamily asset located in Danville, VA. The level of activity on this listing speaks to the strength of investor demand for multifamily properties outside Virginia's largest metros. With 18 tours and 11 offers on t

To our Clients, Industry Peers, Partners, and Friends, We are in the Virginia multifamily market every day—and this letter reflects what one of the most active teams in the market is seeing in real time. Q1 2026 has been the most active start to a year in over three years. Transaction velocity is increasing, buyer conviction is returning, and pricing alignment between buyers and sellers is beginning to re-form. Total Virginia Multifamily Market Activity & Inventory Metric Q1

The Uzun Group at Marcus & Millichap closed the sale of Park Station Villas, a 28-unit multifamily property, for $1,550,000 — roughly $55,357 per unit.

A stabilized asset with real operational value-add potential drew exactly the kind of investor interest you'd expect: six offers on a single 8-unit property. That's the story behind the Uzun Group's latest Hampton Roads multifamily closing — the sale of 201 Dixie Avenue in Portsmouth, VA, which sold for $900,000, or $112,500 per unit. The property's combination of in-place stability and clear value-add upside proved to be a winning formula in the market, with the Uzun Group p

Richmond, Virginia, is about to see a major transformation with the launch of Midtown64, a $500 million-plus mixed-use development. This ambitious project will reshape a 46-acre site, formerly home to Genworth Financial's headquarters, into a vibrant community hub. The development promises to bring new apartments, townhouses, office space, retail, and hotel accommodations, creating a dynamic environment for residents and visitors alike. Midtown64 site in Richmond with constru

The job market has shifted dramatically in 2026, with monthly job creation dropping from an average of 122,000 to just 17,000. This slowdown has pushed the unemployment rate up to 4.6%, signaling a significant change in economic momentum. Several factors contribute to this trend, including policy uncertainty, reduced immigration, and productivity gains driven by artificial intelligence. These changes ripple through the commercial real estate (CRE) market, influencing demand a

The Uzun Group at Marcus & Millichap closed the sale of Fairlawn Apartments, a 17-unit multifamily property in Fairlawn, VA, for $825,000 at a 6.85% cap rate.

When a multifamily property in Norfolk hits the market with multiple offers, not all buyers stand on equal footing. The seller’s attention and trust do not spread evenly across every inquiry. Instead, a clear hierarchy emerges, revealing who truly holds influence in the competitive world of multifamily real estate in Hampton Roads, including Virginia Beach and Norfolk. Understanding this hierarchy helps investors and CRE professionals position themselves better, build meaning

The Uzun Group at Marcus & Millichap closed a December 2025 off-market sale of a 22-unit multifamily property at 750 W Princess Anne Road in Norfolk's Ghent submarket for $2,850,000, executed between a repeat buyer and seller.

Hampton Roads, Virginia, has climbed to fourth place nationwide in multifamily rent growth, signaling a strong and steady market despite economic uncertainties. This rise reflects a unique opportunity for investors looking to enter or expand in one of the fastest-growing multifamily metros in the country. Understanding what drives this growth and how to navigate the market can help investors make informed decisions and capitalize on this momentum. Modern apartment complex in

In the world of multifamily real estate, relationships can define success. You can meet individuals who instantly understand your vision, and when that connection is genuine, the magic happens. I’m proud to announce that EF Capital has officially closed its 10th and 11th multifamily transactions with The Uzun Group this quarter, marking a remarkable eight years of collaboration. The Beginning of a Beautiful Partnership I first met Brian Ehardt and Matt Fischer in 2017, when t

In the competitive arena of commercial real estate (CRE), opportunities can appear when you least expect them. For many investors and young professionals, the journey to success is often filled with unexpected turns. This is a story about one such moment—a phone call that set off a life-changing experience, triggered by a simple phrase: “I’m about to list with your competitor.” When I heard those words, my heart raced. After years of trying to connect with this apartment owne