Commercial Real Estate

Busy apartment market adds $20M in new listings

Newport Manor Apartments ftd

The local real estate market has seen a flurry of recent apartment deals and listings, and two more properties in Shockoe Bottom and the Southside are now up for grabs.

Hanover OKs 120-acre development

Edge Development Partners Rendering ftd

A ‘multi-use’ development that will build 200,000 square feet of commercial space and 530 residential units on the edge of Mechanicsville got the go-ahead from county supervisors this week.

HDL takes next step for VCU lease deal

With court approval, HDL is hurrying to finalize a lease with VCU that would give the university 45,000 square feet in its downtown headquarters building and save the lab company $1.5 million annually in rent and utilities.

Medical practice to revive vacant college

Centura College Nephrology ftd

A kidney specialist is gutting a former college building in Henrico County that it will convert into a new medical office building – for its own operations and another large tenant.

Henrico mall finally sold for $6.3M

Fairfield Commons 2 ftd

A vacant mall property that has long been slated for a Walmart-anchored redevelopment project is finally getting off the ground following a sale last week.

Handful of Jefferson properties return to market

2217 Monument Davis ftd

The buyers of the massive Billy Jefferson apartment portfolios are unloading several properties, including apartment buildings and a few single-family homes on Monument.