Commercial Real Estate

Bank signs on for new downtown tower and shakes up the suburbs

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Downtown’s skyline is set for change with a $93 million office tower to be anchored by SunTrust. And the bank’s moving plans are also shaking things up in the suburbs, where it will consolidate the rest of its staff into a single office park building.

New 21-story tower planned for downtown

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A local development group has the tallest new tower to be built in Richmond in recent memory in the works, with a major bank signed on as the anchor tenant.

Condo developer fires back at contractor’s lawsuit

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The developers behind high-end condos on Libbie Avenue have filed a $2.5 million countersuit against their former general contractor as the half-finished project waits in limbo.

Motleys buys massive warehouse operation

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A 330,000-square-foot warehouse on the Southside and its operator’s book of business has been pulled under the ever-expanding umbrella of Motleys Asset Disposition Group.

$8M deal caps busy year for real estate firm

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Boosting its 2015 acquisition total to $130 million, a real estate firm purchased a Manchester apartment complex on Dec. 31 and is moving its headquarters from Innsbrook to the Bottom.

Meadowbrook Shopping Center lures big gym tenant

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A national gym chain will launch its sixth area location in the Chesterfield shopping center, following in the footsteps of recently opened anchor tenant Walmart.

HandCraft building books brewery tenant

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The Scott’s Addition redevelopment property has landed its first lease in a new craft brewery that will take up 17,000 square feet in the unique 1940s building.

Williams Mullen Center deal closes

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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.