Commercial Real Estate

The lonesome Toad’s Place blues

Like the main character in a country music song, Toad’s Place just got the boot from its landlord. It’s not clear exactly how much back rent the Shockoe Slip venue owes, but it typically takes at least three or four months of missed rent before a commercial property owner evicts a tenant. Sources familiar with… Read more »

Fee dispute at West Broad Village resolved

West Broad Village developer Unicorp and Henrico County officials have reached a resolution to their dispute about the cost of water and sewer connections at the development.

The Pipeline: Commercial Real Estate Round Up for 3.4.09

Vangent, a global information management firm, leased 123,000 square feet at 701 Liberty Way in the Chesterfield, reports CB Richard Ellis. Grubb & Ellis|Harrison & Bates reports Allen Corporation of America, a Fairfax-based technology firm, leased 11,600 square feet at 16031-16035 Continental Boulevard in Chesterfield.

The Pipeline: Commercial Real Estate Round Up for 2.27.09

Thalhimer reports Trustworth Properties LLC purchased the 10-unit apartment building at 12 E. Main St. in Richmond for $1 million from Main Street Investments LLC. AECOM Technology Corporation, a multinational environmental consulting firm,  has leased 85,000 square feet at 4840 Cox Road in Henrico. Virginia Schools of Technology leased 31,500 square feet at 2000 Westmoreland… Read more »

Polluted Henrico parcel gets makeover

A site in Henrico County is slated for commercial development almost 30 years after being identified by the Environmental Protection Agency as a threat to public health. Virginia Beach-based Empire Development purchased 3.85 acres of the Rentokil Superfund site near the intersection of Parham Road and Ackley Avenue for about $400,000 last year from Virginia… Read more »

The Pipeline: Commercial Real Estate Round Up for 2.13.09

Grubb & Ellis Harrison & Bates report Magan & Sons, LLC purchased a 1.48-acre parcel at Short Pump Town Center in Henrico for $1.2 million. The buyer plans to develop a hotel on the site. Porter Realty reports SunTrust bank leased 100,000 square feet of warehouse space at 4201-4221 Carolina Avenue in Henrico County. CB… Read more »

2008’s top commercial projects

The Greater Richmond Association for Commercial Real Estate has announced the finalists for their Eighth Annual Real Estate Star Awards. The awards honor the top real estate projects in the Richmond region in eight different categories. A ninth award will be given for best overall project. Last year’s overall winner was awarded to the State… Read more »

Construction slowing even more

Construction activity is slowing at an increasing rate in Richmond, leading to more layoffs, longer pay terms and downward pressure on the prices subcontractors can charge. For the first time in recent memory, builders say foreign laborers are also starting to return to their countries of origin. In January, builders filed 123 residential building permits… Read more »