Virginia

MAA Acquires Adalay Bay in Chesapeake

CHESAPEAKE, VA-Memphis-based MAA, formerly known as Mid-America Apartment Communities Inc., has acquired Adalay Bay, an apartment community consisting of 240 units in Chesapeake, for an undisclosed price. FULL STORY

Insight Property Group Begins Work on Grayson Flats Arlington

ARLINGTON, VA-In a separate transaction, Jones Lang LaSalle has originated $161 million in financing for two multifamily properties. FULL STORY

Workforce Housing Apartment Community Trades for $192M

ALEXANDRIA, VA-AREA Property Partners has acquired a 1,180-unit apartment community here. It hopes to find additional opportunities in this niche, a partner tells GlobeSt.com’s Erika Morphy. FULL STORY

Ezra Co. Grows Tenant Rep Bona Fides With New Hires

TYSONS CORNER, VA-The company is hiring two SVPs from Studley, along with a new associate. It is also securing good concessions for clients, such as the American Academy of Pediatrics. FULL STORY

MRP, JBG Partner on Exchange at Potomac Yard

ARLINGTON, VA-The two companies are building a 1.9 million-square-foot mixed-use destination for which ground has already broken. FULL STORY

Acentia Moves its HQ to Fairfax County

FALLS CHURCH, VA-Virginia and Fairfax County have proven to be adept in luring firms away from their current homes, in this case, Montgomery County, MD. FULL STORY