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Virginia
Hines Secures $160M, Acquires 258 Acres in Virginia for SF Homes
Hines is growing its residential footprint in the Washington, D.C., metropolitan area.
The global real estate investment firm, together with several partners, has secured $142 million in acquisition financing to buy 245 acres of land in Virginia’s Loudoun County to build more than 1,000 single-family homes, Commercial Observer has learned.
Kennedy Lewis provided the acquisition loan for the larger Loudoun County project, which will be known as Village at Clear Springs and sit in Leesburg, Va., just 40 miles outside of Downtown Washington, D.C.
Hines secured an additional $18.4 million from Western Alliance Bank to acquire 13 acres in Manassas, Va., to build 162 single-family homes and townhomes for residents of Prince William County.
Hines bought the land in Loudon County from Clear Springs Development, with Trez Capital, DRB Group and Estein USA serving as partners on the project.
Andrew McGeorge, senior managing director and city head of the D.C. office at Hines, told CO that the housing market of the nation’s capital is “severely undersupplied,” and that his firm plans to leverage its experience in the area to address the shortage.
“We see tremendous opportunity with the acquisitions of these sites to build master-planned communities that offer a high-quality and diversified product to help address this housing shortage,” said McGeorge. “We have experience in these markets and are expecting to see continued success in developing these communities.”
The lots for Village at Clear Springs in Loudoun County have already been pre-sold to DRB Group and NVR. Construction is expected to require three phases, the first of which will begin in 2025 and the last completed in 2030.
The development will feature 1,077 units: 230 single-family homes, 667 townhomes, and 180 affordable units.
The development will also feature a 19-acre indoor-outdoor tennis and pickleball complex owned and operated by the United States Tennis Association.
“We look forward to the positive impact these new communities will have, spurring economic growth and providing much-needed housing options,” said McGeorge in a statement.
Located just a short walk from the Manassas Battlefield Museum (site of the famous Battle of Bull Run that opened the Civil War in July 1861), the smaller Parkridge West development will supply 162 units of single-family homes and townhouses in the Northern Virginia town.
Hines acquired the site from Willard Retail/Buchanan Partners, and has already pre-sold all lots on the site to NVR.
Parkridge West is expected to open in 2027, following the start of construction next year.
“We are pleased to partner with Hines once again, further strengthening our strategic relationship with joint-venture equity investments that support housing needs in the Washington, D.C., metropolitan statistical area,” said Sam Salloway, senior managing director and head of equity investments at Trez Capital, in a statement.
McGeorge’s statements noted that Prince William County carries favorable demographic trends for residential assets and an undersupply of housing stock.
Moody’s predicts the D.C. metro area will require 26,000 single-family homes per year through 2030, while the Northern Virginia Association of Realtors found that the average home price in Northern Virginia increased 10 percent in May 2024 compared to May 2023.
Correction: An earlier version of this article characterized the Hines acquisition as a multifamily community of single family rentals, when it is for single family homes for sale.
Brian Pascus can be reached at bpascus@commercialobserver.com
Virginia
Motorcoach failed to slow for traffic in Virginia work zone before crash that killed 5 from Western Mass., NTSB says – The Boston Globe
A charter bus failed to slow down when it came upon a line of vehicles stopped in an overnight work zone on Interstate 95 in Virginia last month, rear-ending and killing a Worcester woman in her SUV and a family of four from Greenfield in their SUV, national transportation officials said Thursday.
The driver of the 57-passenger motorcoach, Jing Sheng Dong, was swiftly charged with involuntary manslaughter after the multi-vehicle crash on May 29.
The Massachusetts residents did not know each other yet their vehicles were stopped together in the work zone on southbound I-95 in Stafford, Va. at 2:32 a.m. that Friday.
Priscilla R. Mafalda, 25, of Worcester, was a passenger in a 2021 Chevrolet Suburban that was in the direct path of the 2013 Van Hool C2045L motorcoach. She was traveling with her husband to South Florida.
Also in the path of the charter bus was the Doncev family, a mother and father from Greenfield traveling with their 14-year-old daughter and 7-year-old son to a family wedding in South Carolina. Their 2020 Acura MDX was consumed by fire, the report from the National Transportation Security Board said.
In all, eight vehicles were involved, with dozens of people injured and hospitalized.
The bus, occupied by Dong, 48, who worked for E&P Travel, Inc., and two dozen passengers, was en route from New York City to Charlotte, NC.
The conditions were clear and dry on the six-lane roadway where three southbound and three northbound lanes were divided by two reversible express toll lanes, the NTSB report said.
An overnight repaving project had prompted the closure of the southbound center and right lanes, as well as the right shoulder, according to the report.
When the charter bus approached from the south in the center lane, it failed to slow done for stopped traffic, the report said. It did not say how fast the bus was estimated to be traveling.
The motorcoach continued to travel south for nearly a half mile, causing a chain-reaction crash into eight vehicles, the report said.
The overnight work zone was scheduled to conclude at 5 a.m., less than three hours from the time of the fatal crash, the NTSB said.
The investigation is ongoing while the NTSB determines probable cause.
The Virginia State Police, Virginia Department of Transportation, and Federal Motor Carrier Safety Administration are aiding the investigation.
Tonya Alanez can be reached at tonya.alanez@globe.com. Follow her @talanez.
Virginia
First responders train in Blacksburg
BLACKSBURG, Va. (WDBJ) – First responders never stop training, and this week almost 500 from across Virginia are honing their skills in Blacksburg.
The Virginia Association of First Responders now includes EMTs, firefighters, police officers and many others who answer the call in an emergency.
Thursday, a farm accident and a collision involving a car and school bus were just two of the scenarios they encountered.
“It’s a week-long opportunity, not only for technical stuff like this, but for medical classes,” said Covington Volunteer Rescue Squad member Greg Burton. “People call 911 every day for something. And we’re just here to help ease the problem a little bit.”
The annual conference also includes a Rescue Camp for young people with an interest in emergency services.
43 campers are taking part in a variety of activities, including a session on scuba diving Thursday afternoon.
Copyright 2026 WDBJ. All rights reserved.
Virginia
Brush fire in Virginia Beach set by children playing with fire
VIRGINIA BEACH, Va. (WAVY) — A brush fire in a wooded area on Criollo Drive Wednesday afternoon was set by children playing with fire, according to the Virginia Beach Police Department.
Units with Virginia Beach Fire and Virginia Beach Police were dispatched to the 3700 block of Criollo Drive in reference to a report of a possible fire in a wooded area at approximately 5 p.m.
Upon arrival, crews saw light smoke coming from a wooded area. They quickly had the brush fire under control at 6:05 p.m. and marked out at 6:37 p.m.
There were no injuries reported to civilians, firefighters or pets.
A VBFD Fire Investigator determined that the fire was set by kids playing with fire.
There are no charges being filed currently.
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