Commercial Real Estate

The third mega downtown office deal to be finalized in the past four weeks, the 15-story Williams Mullen building has been sold off at $78 million.

Despite uncertainty about The Diamond, developers are continuing to revamp the stretch of Boulevard surrounding it, and a new Wawa gas station is the next project in line.

Keeping a recent spree of apartment sales going into 2016, a 40-unit Museum District property sold for $7.6 million after about six months on the market.

The area’s biggest hotel owner has grabbed yet another property near the airport and is planning to bring a major brand back to the hotel after it lost its Hilton status last year.

A locally based firm has sold off a Food Lion-anchored shopping center in Henrico County to a pair of out-of-town buyers for $5.28 million.

Freeing up 325,000 square feet of space, Macy’s is shutting down its locations in two local malls as part of a larger sweep to cut costs nationwide.

Surpassing its original $25 million goal, the private equity firm has capped another capital raise and will turn the money first toward a mixed-use project in North Carolina.

After finally securing needed financing for the project, the owners of a low-income senior housing building on West Broad Street are beginning work to revamp its 100 units.

2015 brought big development to the Richmond area, with huge property deals, long-awaited developments wrapping up and ground breaking on new projects to watch in 2016.

A firm that also scooped up a VCU-area apartment complex earlier this year has bought two more properties on East Broad and East Main streets from their local developer.