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Commonly known as The Beige Book, this report is published eight times per year. Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its District through reports from Bank and Branch directors and interviews with key business contacts, economists, market experts and other sources. The Beige Book summarizes this information by District and sector.

Find out more about the real estate market through Cushman & Wakefield | Thalhimer's market reports:    Market Reports


 

7055 Brandy Hill Plaza Assoc, LLC purchased the note on the approx. 111,000 sq. ft. project on 9 acres.  Food Lion anchors the 68,000 sq. ft. retail strip with the balance of 44,000 sq. ft. in the Clocktower Office building.  The purchase was consummated through Auction.com.  The Purchaser closed for $3.3 million as a deed in lieu of foreclosure and will retain the center as an investment. 

Richard L. Thalhimer of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the purchaser.

D. Yawer and M. Yawer are the current operators of the service facility and purchased the approx. 3,798 sq. ft. building and the 0.38 acre lot from the Estate of Charles C. Williams for $329,425.  They will continue to operate Forza Automotive from the property.

Wilson H. Greenlaw, CCIM and Mary Katherine Greenlaw of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller.

Clarion Investments, LLC purchased the approx. 1.2 acre parcel from WCI, LC for $1,250,000.  The existing restaurant building will be razed and the property will be combined with an additional 4 acre parcel that WCI sold to the buyer last year for the construction of the new home of Billy Craft Hyundai.  

Norman Moon, CCIM, SIOR of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller.

Suttle Holding Corporation purchased the approx. 67,749 sq. ft. office building situated on 7.54 acres from Hampton North I, LLC and Hampton North II, LLC for $5,250,000 as an investment.

John P. Duffy, Jr., CCIM of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller.

Albert R. Chiocca purchased the approx. 2,993 sq. ft. freestanding property from Broad Street Properties, LLC for $200,000 as an investment.

Connie Jordan Nielsen and Lindsey C. Floyd of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the Seller.

Spring Water, LLC purchased the approx. 183,814 square foot building situated on 15 acres of land from USF Propco II, LLC & U.S. Foodservice, Inc. for $5,200,000.  Spring Water, LLC plans to demolish the building and construct apartments on site.

Robert M. Thornton, CCIM, SIOR and William Throne, CCIM, SIOR, ALC of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the buyer.

Lynchburg Humane Society purchased the land from the Estate of Lillian L. Schenkel for $720,000 for the construction of a new office and state of the art shelter facility to serve the Lynchburg MSA.  The facility is currently in the final planning stages with the expectation that construction will begin in the later part of 2012.

Norman Moon, CCIM, SIOR of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller.

MPE USA purchased the approx. 70,340 sq. ft. warehouse property situated on 4.68 acres from First Industrial B&L, LLC for $1,690,000 to upfit and expand their current manufacturing and distribution facility. 

Warren M. Snowdon, SIOR and David Hanna of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the Seller. 

EVCAM, LLC purchased the approx. 32,186 sq. ft. warehouse property situated on part of a 4.43 acre parcel of land from Robert and Janice Glover for $1.1 million and plans to relocate their business, Backyard America, to this location.

Virgil Nelson, CCIM of Cushman & Wakefield | Thalhimer represented the seller and was the sole broker handling the sale negotiations.