Commercial Real Estate

1960s Scott’s Addition building set for rehab

Two years after buying and immediately selling an old Scott’s Addition building, a local developer has bought the same property back with a plan to use its tried-and-true formula of revamping it into modern office space.

Markel | Eagle closes out $33 million fund

Fresh off the successful flip of the former Circuit City headquarters in Henrico, a real estate-hungry local private-equity firm has a new eight-figure war chest to put into play. It now has raised a total of nearly $150 million in four funds since 2010.