Commercial Real Estate

FBI office building sold for $29 million

FBI Parham ftd

A Washington, D.C.-based REIT that focuses on federal properties has made its entrance in the Richmond market with the purchase of the FBI’s field office on Parham Road.

Office tower deal closes at $104M

Gateway Plaza ftd

Richmond’s newest office tower has been bought by the development’s lender, the first in a string of huge office complex deals in the works downtown.

Two more huge sales shaking up downtown office market

Riverfront Plaza 620

In addition to the upcoming sales of Gateway Plaza and the Williams Mullen building, two other office towers are now under contract in a rare flare-up of big real estate deals downtown.

Law firm settles into new downtown home

LeClairRyan SunTrust ftd

Cutting its space by about 30,000 square feet, a large law firm is back up and running in its new office after hopping from one downtown tower to another.

Martin’s to shut down three locations

Martins Stony Point Shopping Center ftd

As more grocery stores grab up space in the Richmond area, Martin’s is taking a step back and will close three former Ukrop’s stores in the summer.

Thalhimer shakes up C-suite

warfield silver thalhimer ftd

The real estate firm is shuffling responsibilities in its upper ranks, and the current president will also be taking on the role of CEO starting next month.

Downtown office tower under contract for $78M

Williams Mullen ftd

The 15-story Williams Mullen building it set to be sold off by its Virginia Beach developer in the largest downtown office deal in more than two years.