A Glen Allen Hyatt was swept up in a $1.8 billion portfolio sale and is now under ownership of a New York-based REIT.
Commercial Real Estate
Downtown $30M bank project takes shape
The conversion of a former bank building into nearly 200 apartments is moving along on schedule, and the developer has added plans for an additional commercial space and a rooftop pool.
Architects add offices to Scott’s Addition
Following the stream of businesses and apartments that are setting up in Scott’s Addition, a local architecture firm is revamping an old warehouse to create more office space in the growing neighborhood.
Apartment complexes sold for $6.8M
A New York company has purchased several local apartment complexes as it bolsters its Richmond presence – and it is looking to snag even more.
NY firm buys $60 million office portfolio
A Maryland real estate firm is leaving the Richmond market and has handed its six office park properties over to a New York company – the buyer’s first move into the Virginia area.
Church Hill developer wraps up theater project, turns to old garage
A long-abandoned theater property in Church Hill will soon be reopened as apartments and commercial space, and the developer behind the project has his eye on a 90-year-old garage.
Short Pump medical park cuts ribbon on first office
A 60,000-square-foot joint venture between a healthcare firm and a developer celebrated its opening on Thursday in Short Pump.
Incoming grocer sparks new development on Broad Street
With Whole Foods on the way to West Broad Street, a long-vacant commercial space across the street is being rebooted. And the Washington-based owners are looking first for retail tenants.
Southside industrial lot sells for $3.3M
A scrap metal recycling firm has closed on a deal to buy about 75 acres on the Southside after about a year of leasing the space.
Developer fills out growing neighborhoods
The firm behind Gather co-working space is developing a pipeline of its own filled with a handful of mixed-use redevelopment projects in Church Hill and other growing districts.