Commercial Real Estate

The management team behind a local commercial construction firm has decided to part ways.

Bill Goodwin’s Riverstone Properties is the new owner of the three-building office complex encompassing nearly 1 million square feet, and is planning big-time upgrades.

A Spartansburg-based developer with a track record of big local projects plans to build on the 3.9-acre parcel, which it bought for $2 million.

A major chunk of downtown office space is now in the hands of one of Richmond’s most well-known businessmen and philanthropists.

The site of a recently demolished gas station at the front of Innsbrook is being redeveloped into a new retail strip that’s already landed a full slate of tenants.

A downtown apartment and restaurant building that fell into foreclosure last summer has been snatched up by an out-of-town buyer.

After a decade in the trenches of City Hall, Richmond’s No. 2 city planning official is making a move to the private sector.

A retail center planned for West Creek Business Park will take two more months before it gains any traction.

Another swath of Richmond office space has been snatched up by an out-of-town buyer – its first foray into the local market.

A 1,000-home development planned near a local mall has a builder lined up for its first multifamily section.