Commercial Real Estate

Commercial broker expands east

A local real estate brokerage recently opened a new office in Hampton Roads with the hiring of a seasoned broker there.

Think there’s nothing left in the Slip to convert?

One of the last undeveloped buildings in Shockoe Slip is getting the rehab treatment. And the developer is moving full steam ahead on several other projects in the same neighborhood.

The dummy might soon be homeless

An office on the scenic 19th floor of a downtown office building is available for leasing after a Virginia-based investment firm shut down last month. But the dummy sitting in the entrance way is still there, at least for now.

Universal Leaf building under contract

A former lawyer-turned-developer is getting more ambitious in the historic tax project, apartment conversion game. This time he has his sights on turning an office building in Richmond’s near West-End into 88 apartment units.

Down but not out

A longtime local real estate developer is dealing with the boom-bust hangover, battling with former investors and banks and stepping down temporarily as chairman of a real estate development that bears his name.

Markel buys half of local private equity fund

An arm of a local insurance giant has invested in a Richmond-based private equity fund that buys distressed real estate projects with the goal of fixing the management, injecting more money and coming out with a handsome return.

CRE tidbits

A local real estate firm has launched a new website, and another national firm with a local presence has opened a Hampton Roads office.

First Capital decides to stop renting

First Capital Bank has become the proud owner of its Innsbrook corporate headquarters after leasing space there for five years.