A pair of local Red Lobsters and an Innsbrook-area hotel were caught in the net of multi-million dollar deals by two national real estate firms in the past two weeks.
REITs gobble up local hotel, two restaurants
Burl Rolett
Retail strip heads to foreclosure
A stretch of West Broad Street that houses some popular retailers will be put to auction this week.
Second local site vies for Calif. brewery
A Richmond development firm has added itself into the fight to land Stone Brewing Co.’s massive East Coast operation, setting up a potential competition with a similar proposal from the city farther east.
Wrecking ball checks in at roadside motel
Demolition is in full swing near the Henrico-Richmond line as an old motel building makes way for a Walmart Neighborhood Market.
Elephant finds new stomping ground
A locally-based insurance company is moving its headquarters to Deep Run through a sublease deal to become the latest tenant in the former Circuit City complex.
New projects open crowded industrial market
With a limited market for industrial real estate in Richmond, a developer has a $4 million plan to build more space in Hanover County.
Local app maker reimagines the gift card
A new Glen Allen company wants to let you buy a friend a drink at the bar – even if you’re in different states.
The Pipeline: Commercial real estate roundup for 8.15.14
A tech company leases 125,000 square feet at White Oak Technology Park, while a storefront in the Fan gets a new owner. Meanwhile a trailer company leases two warehouses. Plus tons of small business taking space all over town.
Buyers spend big on local pharmacies
Two Walgreens drug stores sold in July for a combined $15 million, evidence of the high demand and price tag for real estate with a dependable single tenant.
Owner plans to revamp foreclosed apartments
A Maryland real estate company focused on turn-around projects bought an 11-acre Northside complex for $4.6 million with plans to get occupancy on par with other nearby apartments.