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Harbor Group International Provides Bridge Financing for Virginia Multifamily Portfolio Acquisition


Harbor Group International Provides Bridge Financing for Virginia Multifamily Portfolio Acquisition
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HAMPTON, Va., April 20, 2021 /PRNewswire/  Harbor Group International, LLC ( HGI ), a privately-owned international real estate investment and management firm, today announced it provided $75.5 million in bridge financing to Brentwood Investment Group ( Brentwood ) and Greencove Capital Group ( Greencove ) for the acquisition of an 856-unit multifamily portfolio in Virginia. The loan is part of HGI s whole loan senior mortgage platform.
The portfolio consists of five garden-style multifamily communities in Hampton and one property in Poquoson, Va. Built between 1970 and 1985 with an average unit size of 921 square feet, the properties are strong performers and feature affordable rents. With a blended occupancy rate of 98%, the portfolio is positioned for a value-add and mark-to-market business plan. ....

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Renovated Virginia Air & Space Science Center showcases renewed focus on education


Renovated Virginia Air & Space Science Center showcases interactive exhibits
and last updated 2021-02-17 12:44:22-05
HAMPTON, Va. - New exhibits and an upgraded name.
A lot has changed at the Virginia Air & Space Center in the last few months, starting with the sign out front that now reads Virginia Air & Space Science Center.
The name change is to more accurately reflect its mission and the core community constituents it serves, according to a November release, which goes on to say Science, Technology, Engineering and Math (STEM) learning will continue to be a large focus.
It comes on the heels of a $1.5 million renovation that shut the building down for three months in late 2020. ....

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