realestate

Real Estate Seniors Earn Second Place at National Contest

Virginia Tech real estate seniors take 2nd place in national case study contest.

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irginia Tech undergraduates from the Blackwood Department of Real Estate earned the department’s best finish by placing second in the 2025 Colvin Case Study Challenge. Seniors Bo Dortch, Allie Richards, and Amanda Roberts, all pursuing a B.S. in real estate at Pamplin College of Business, represented the Hokies. The Colvin Challenge, hosted by the University of Maryland, pits teams nationwide against one another to analyze a regional development, detailing its design, engineering, and hurdles to completion.

    The trio chose Apex Plaza, a 187,000‑sq‑ft office tower in Charlottesville built by Riverbend Development and the Hourigan Group. Its mass‑timber frame, 875 solar panels, and green roof illustrate how sustainable design can transform the built environment. “The best developments tell a story,” Roberts noted. “Apex Plaza isn’t just an office; it embodies Apex Clean Energy’s mission.” Their analysis highlighted how Apex Plaza’s integration of renewable energy and timber construction reduced carbon emissions while boosting tenant appeal.

    Virginia Tech edged out a University of Texas‑Austin team and trailed only Columbia University. “They chose a compelling project and executed a meticulous analysis,” praised Dustin Read, Blackwood Department chair and Bates Family Professor. “Their detail orientation distinguishes them from peers.” The competition also emphasized the importance of stakeholder collaboration and regulatory navigation.

    Richards reflected on the experience: “Sustainable development can be profitable and impactful. A project’s success hinges on teamwork.” The challenge proved a valuable learning opportunity for the students.

    — Alex Kerstetter

Seniors in real estate win second place at national contest.