A Virginia Beach developer that took a shot at the GRTC property earlier this year is now pitching more than 230 apartments and commercial space on West Broad Street atop the former home of a state agency.
Commercial Real Estate
Builder moves into new home with room to spare
A local builder bought a new $2 million office last month, where it plans to create a workspace hub for other small businesses in the industry.
Demolition begins on Jackson Ward medical building
A former medical practice building is being razed in Jackson Ward, creating a 3-acre plot for potential redevelopment.
Broad St. post office ships in new owner
A Manchester software firm has signed a deal to move into a post office building outside of the Fan that will triple its space.
Local real estate firm acquired in $1.9B deal
Despite a recent push toward an IPO, a local apartments-focused REIT has agreed to be sold in a deal valued at $1.9 billion. West End-based Landmark Apartment Trust announced last week it will be acquired by Monument Partners LLC, an entity owned by affiliates of Greenwich, Connecticut-based Starwood Capital Group and Dallas-based Milestone Apartments REIT…. Read more »
New call center adds to former Wyeth plant’s tenant list
The owner of one of Richmond’s most visible buildings from Interstate 95 has landed its largest tenant to date.
Developers kick off another downtown rehab
With small apartment projects and restaurants reviving old downtown buildings, a prominent local developer has earmarked another property for renovation and will add new residential units and commercial space to Third Street.
Real estate broker leaves longtime firm
After 10 years with the company, Nathan Hughes of commercial real estate brokerage Bandazian & Hughes is switching gears with the start of his own firm.
Ukrop’s uniform maker sizing up in new HQ
A uniform manufacturer tied to the well-known Richmond family is moving out of the city into a much larger facility that it recently purchased for more than $3 million.
VCU Health adding to Stony Point real estate
The health system bought a plot of land in Stony Point for nearly $2 million, and it is building a 60,000-square-foot medical office building to join its other facilities in the area.