Commercial Real Estate

Industrial space hits its post-recession stride

Lumber Liquidators

It’s a good time to own a warehouse in Richmond as a recent run of large industrial leases in the area has pushed vacancy rates to their lowest levels in years.

VCU gobbles up more real estate

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The school’s acquisition of a West Grace Street apartment building could be the next piece of more than $100 million worth of construction underway along the five-block stretch between Ryland and Belvidere streets.

Work begins on Broad Street hotel

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Ted Ukrop has started a new hotel renovation project that includes two West Broad Street buildings and will also house his wife’s art gallery.

New development firm quickly building its pipeline

River West Group Rob Stevens Carter Snipes 620

Carter Snipes and Rob Stephens earlier this year launched River West Group, a new residential construction and development company that has its eye on projects in Church Hill, the Museum District and Scott’s Addition.

Walmart developer buys motel property

Brook Road Walmart Virginia Inn 620

A development company bought a Brook Road motel last week for $2 million. The motel will be demolished to make way for a Walmart Neighborhood Market grocery store.

$13M assisted living facility breaks ground

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An assisted living complex in Chesterfield will bring homes, a movie theater, and services to residents with Alzheimer’s and dementia. It’s being built as part of the CenterPointe development.