Commercial Real Estate

Innsbrook hotel sold for $9 million

Hyatt Place Innsbrook ftd

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.

Downtown $30M bank project takes shape

Signet Bank renovations ftd

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

East Coast Freight Lines Scotts Addition Office rendering ftd

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

Fairview Manor ftd

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

Virginia Center Technology Park ftd

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.

Incoming grocer sparks new development on Broad Street

2035 W Broad St ftd

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

United Scrap ftd

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

UrbanCore Bunch Garrison Beach ftd

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.