Commercial Real Estate

Green building and adaptive reuse under one roof

Developer David Gammino has moved onto his next apartment project—a historic property in Jackson Ward. Gammino isn’t making it easy on himself by using green building and historical preservation techniques at the same time.

Less rent means lower appraisals

The value of existing commercial real estate in Chesterfield County dropped an average of 6.4 percent or $418 million last year, according to the county assessor’s office.

When will condos rebound?

FHA rules, oversupply and looming shadow inventory are among the obstacles facing Richmond condo developers

Rain delay for storm water rules

New rules on how builders must account for runoff that eventually flows into the Chesapeake Bay will have to go through another comments period. The development community has resisted the new standards, which they say will make costs prohibitive just as the industry is trying to recover from the recession. The rules are intended to reduce pollution in the Bay.

Commercial broker flies solo

A Henrico-based commercial real estate firm is shedding its national brand and starting from scratch.

Blockbusted

Another Richmond movie store goes the way of the VHS.

The Pipeline: Commercial Real Estate Round Up for 1.8.10

Vulcan Materials Company leased 12,360 square feet at Ironbridge Commons, 5601 Ironbridge Parkway in Chesterfield. Allied Pallet Company leased 26,190 square feet at 1401 Ingram Street in Richmond. P. T. O’Malley Lumber Company, Inc. purchased a 156,485-square-foot manufacturing facility on 92.58 acres in Essex County for $1,250,000. A ton of other deals this week.

200 more apartments coming to Shockoe Bottom

The project had been in the planning and financing stages for about three years, but the development company just closed on the property about two weeks ago.