Commercial Real Estate

Commercial delinquencies on the rise

The value of troubled commercial mortgage-backed securities rose about 26 percent in 2011 for the Richmond area, as landlords with more vacancy and lower rents had trouble refinancing loans that came due.

Fla. REIT sells local buildings

A deal to sell five Richmond office buildings was announced last week as a Florida REIT is unloading the last of its local real estate holdings.

The Flats up for sale

The apartments at a popular mixed-use development in Short Pump are for sale.

Union wins judgment against Fergusons

Because they lied about their net worth on loan applications, a prominent bankrupt local couple will stay on the hook for $800,000 even after they exit bankruptcy.

Development delays put a damper on major events

The $70 million restoration of the iconic John Marshall Hotel has fallen months behind, leaving several brides scrambling for backup venues to host their big days.

Mondial expands lease at Deep Run

After initially leasing four of five floors, a locally-based travel insurance company Mondial Assistance decided to lease all five floors of the Deep Run I office building in Western Henrico.