Commercial Real Estate

Narrowly avoiding foreclosure, a Hanover County retail strip fell back into familiar hands last week. The Creighton Crossing I shopping center at 6102-6104 Brashier Boulevard was sold back to its original developer for $3 million in a last-minute transaction on March 17, just before the property was scheduled to hit the auction block the following… Read more »

Another Richmond company has its eye on the stock market. Medalist Properties, a downtown private equity firm that invests in commercial real estate, is in the process of creating a REIT that will look to raise up to $30 million through a public stock offering using new federal rules that make certain capital raises easier,… Read more »

As it works to complete its redevelopment of one of the largest projects in Manchester, a local real estate firm is pressing further into another sought-after neighborhood. Thalhimer Realty Partners, the development arm of local real estate firm Cushman & Wakefield | Thalhimer, has purchased 1500 Roseneath Road, a 106,000-square-foot property that covers nearly an… Read more »

The Westhampton Theater has screened its last show. The nearly 80-year-old West End movie house closed for business Sunday evening as it makes way for a planned redevelopment of the site. Officials with Regal Cinemas, which has continued to operate the theater after selling it to developers in 2014 for $1.75 million, did not return… Read more »

A mysterious new player has entered the Richmond apartment market and is looking to make a splash in Shockoe Bottom. Shockoe Realty Ventures LLC recently purchased a 1-acre parcel at 1903 E. Marshall St. for just over $2 million, with plans to construct 178 apartments. The deal closed March 1 and included an already approved… Read more »

As its primary tenant consolidates space, some prime riverfront office space has become available in one of downtown Richmond’s newer office towers.

Update: This story has been updated to include information about the pending closure of the Kroger store in Creighton Crossing. A Hanover retail strip has a date with the auction block this week. Creighton Crossing I, an 18,000-square-foot retail property at 6102-6104 Brashier Blvd., is scheduled to go to foreclosure on Friday. The property sits… Read more »

A Richmond real estate company has officially gone public with its bid to raise $30 million.

A Southside apartment complex has landed a new owner after several years on the market. Bill Walde, a real estate investor who has holdings up and down the East Coast, earlier this month purchased the former Dutch Village community at 3219 Glenan Drive for $5.3 million, before promptly rebranding the property to the Townhouses of… Read more »

The developer’s latest project in Richmond’s Southside features 850,000 square feet of space and involves renovating some of the site’s 28 warehouses to create space for entrepreneurs.