Commercial Real Estate

Pipeline: Commercial Real Estate Round Up for 1.14.10

Top Gun Motor Sports leased 10,000 square feet at 10471 Cobbs Rd in the City of Ashland. Plus Boushra Mikhael purchased 7,980 square feet at 15 & 23 W. Clopton Street in Richmond from BB&T for $100,000

Internet sweepstakes like their odds

In the face of skepticism and on shaky legal ground, controversial Internet cafes continue to roll the dice and open locations in storefronts across Richmond.

Real estate firm finds new home

Snipes Properties had been displaced by the wake of foreclosures left by developer Justin French.

Banks go after one another in French fiasco

Two more Virginia banks are trying to recover millions squandered on incomplete historic renovations by Justin French. Only this time the banks didn’t lend directly to French.

Broad Street demo plans on hold

It has been more than two years since the CommonGroundz coffee shop closed, and the space has sat vacant, aside from the apartments upstairs.

More foreclosures in French’s portfolio

Another bank is foreclosing on some of developer Justin French’s property, and it could leave the tax credit investor in the lurch.

Do you have the receipt?

Despite having a profitable year so far, the owner of Regency Square has decided to stop paying its mortgage on the West End mall.

Renovations on tap at former Richbrau location

Some of the top honchos who used to run Wachovia Securities will again be working downtown after their growing startup leased space in a vacated Shockoe Slip brewery.