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First Potomac Realty Trust Inc., a Bethesda, Md. real estate firm, bought an industrial property in Chesapeake’s Cavalier Industrial Park. The one-story, 300,000-square-foot building is 94 percent leased to eight tenants. The property also includes seven acres of developable land. (Business Wire)

A Best Western Inn & Suites Conference Center will open in Waynesboro by next March near Interstate 64. The four-story building will house 80 guest rooms, 25 luxury suites and feature 6,000 square feet of meeting space with a ballroom for 300 people. (The News Virginian)