Commercial Real Estate

Grubb & Ellis declares bankruptcy

Grubb & Ellis, a national commercial real estate firm with a local affiliate, filed for Chapter 11 bankruptcy Tuesday and announced plans to sell the firm to a large investment house.

A victim of the recession: Prompt real estate taxes

Land developers make up the biggest chunk of tax delinquent businesses in the Richmond area. But the list also includes a golf course in Henrico, a music venue downtown and a planned sports complex in Chesterfield.

Step right up and buy the fairgrounds

As the clock ticks toward a crucial March 7 deadline, the bankrupt State Fair of Virginia will soon present a deal to its lenders that might involve funds from a new investor.

1,400 acres of legal quicksand

Monument Bank filed a lawsuit last week against the out-of-town owner of the Burrus Land Tract in Chesterfield.

Monday Q&A: From broker to developer

Midlothian-based Rebkee Company completely revamped its business model, branching out from developing locations for drugstore chain CVS to placing the winning bid on some iconic buildings.

Big plans for one block

Richmond-based Franklin Development Group wants to turn an old industrial building at 3200 W. Clay St. into 131 apartments.

Altria to consolidate offices

The parent of Philip Morris will relocate most of the employees from the WestMark One office building.