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 2025 Q1 2026...

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 construction underway A...

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 across property...