Virginia Beach, Va. (June 18, 2024) — Divaris Real Estate marked its 50th anniversary with a grand celebration at the Town Center of Virginia Beach’s Westin Hotel. The event, attended by 350 guests, included clients, employees, and several elected officials, highlighting the company’s impressive legacy and community contributions.

Distinguished Guests and Celebrations

The celebration brought together notable attendees, including former Governor George Allen, Vice Mayor Rosemary Wilson, and City Council Members Dr. Amelia Ross-Hammond, Joash Schulman, David Hutcheson, Chris Taylor, Worth Remick, and Barbara Henley. Three generations of the Divaris family, accompanied by brokers, property managers, leadership, and employees from across the country, joined in the festivities.

Cousins Gerald and Michael Divaris, co-founders of the firm, delivered heartfelt speeches. A highlight of the evening was the presentation of a $10,000 donation to the Central Business District Association Foundation. Jeanne Evans-Cox and Joash Schulman accepted the donation, which  honored the Alex P. Divaris Memorial Scholarship Fund. This fund, named in memory of Gerald’s late son Alexander Divaris, supports Virginia Beach Princess Anne High School seniors who excel academically and show a commitment to business community growth.

“We are incredibly grateful to celebrate this milestone with so many of our friends, partners, and colleagues. Reflecting on our journey from Cape Town to Virginia Beach, it’s the support of our family, dedicated team, and community that has driven our success.” Said Gerald Divaris, CEO of Divaris Real Estate. “Our vision has always been to create impactful projects and foster meaningful relationships. Our partnership with Armada Hoffler exemplifies our commitment to finding partners who share our vision, enabling us to create impactful projects like the Town Center of Virginia Beach.”

Alexander Divaris, a former Executive Vice President and Director of Creative Synergy at Divaris, was a founding member of CBDX, the young professionals division of the Central Business District Association. He passed away in April 2019 at the age of 40 after battling colon cancer. The scholarship fund celebrates his passion for mentorship and community involvement.

Looking Forward

As Divaris Real Estate reflects on its 50 years of success, the firm continues to prioritize strategic alignment and expansion. Recent acquisitions included S.T. Burke Retail Partners, Edge Commercial Real Estate’s mid-Atlantic property management and engineering group; forming a joint venture with KLNB to expand their property management platform; acquiring The McGarey Group, a national advisory firm with large scale projects throughout the US; and the recent addition of eight new experienced agents in Washington, D.C. These moves have further bolstered the firm’s capabilities. By building strategic partnerships, Divaris Real Estate continues to provide comprehensive solutions to clients and has set the standard for excellence in the commercial real estate sector, nationally.

“Our journey from Salisbury, Rhodesia to Virginia Beach has been marked by determination, vision, and a commitment to excellence. We are immensely proud of the long-term relationships we’ve built with our clients, and the young talent within our team who will carry our legacy forward. Gerald’s unfailing dedication and visionary leadership have been instrumental in our success. As we celebrate 50 years, we look forward to continuing to serve our community with the same passion and innovation,” said MIchael Divaris, President of Divaris Real Estate.

The success of Divaris Real Estate is attributed to its dedicated team of professionals who consistently deliver exceptional results. The company’s philosophy of treating employees like family has fostered a culture of longevity and excellence, with some team members having been with the firm for over 47 years.

As Divaris Real Estate celebrates this significant milestone, it looks forward to future growth and success in the commercial real estate industry.


About Divaris Real Estate

Divaris Real Estate, Inc. is headquartered in Virginia Beach, Va. with offices in Newport News, Norfolk, Richmond and Roanoke, Va.; Washington, D.C., Charlotte and Raleigh, N.C.; Beverly Hills, Calif.; Philadelphia PA, and Rockville, Md. Divaris Real Estate and Divaris Property Management Corp. are divisions of The Divaris Group, an international fully integrated real estate services, brokerage, and property management company that currently manages and/or leases over 40 million square feet of prime office, retail, and industrial space throughout the US. Gerald S. Divaris is Chairman of the Board and its CEO, Michael B. Divaris is President, and Tony Divaris is Chief Operating Officer of the Divaris Group. Its affiliates have offices in New York, Philadelphia, Charleston, Atlanta, Ann Arbor, Pinehurst, and San Diego. 

Divaris Real Estate is a member of Realty Resources, a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S. DRE is also the Virginia affiliate for The CORE Network, a national group of office and industrial brokers with affiliates throughout the U.S. These organizations represent corporate and institutional clients, tenants, and buyers in all aspects of leasing, development, management, sales and acquisitions.

Press Contact: Janelle Burchfield | | 757.439.0139