The commercial real estate market has slowed down over the last couple of years, but that didn’t stop hundred of professionals from gathering last night to celebrate the best new projects in the Richmond at the annual GRACRE awards.
Commercial Real Estate
The Pipeline: Commercial Real Estate Round Up for 4.16.10
Acosta Sales and Marketing Company leased 11,300 square feet in Henrico. GTAT Enterprises Inc. leased 3,810 square feet on Alverser Drive in Chesterfield and Advanced Auto leased a new location on W. Broad St.
Development speeds back up along Mechanicsville Turnpike
As long as developers built new strip centers along the region’s major thoroughfares, such as Mechanicsville Turnpike, shoppers would come a-spending. Or so it seemed. Now retailers are signing leases again.
Nice office; Does it come furnished?
Over the last two years office vacancy has crept up as companies have moved, downsized or closed their doors. And they often times leaving their furniture behind. That has created a nifty incentive for landlords and made life much easier for tenants who don’t want the extra hassle/headache of finding furniture and getting it into the space.
Demolition begins on former S&K building
The warehouse section is being razed to make way for parking for a new for-profit school, Stratford University.
Economy pushes Carytown’s evolution
The recession has not been kind to Carytown, Richmond’s historic shopping district. But a host of businesses are opening where others failed. Here is a slideshow that highlights a few of the recent additions and departures, as well as some changes to the scenery.
200 acres in Varina to be sold on courthouse steps
Two hundred acres of farmland with a stretch of James River waterfront will be auctioned off March 25, the result of a foreclosure of one of Richmond’s biggest home builders.
160-unit complex planned near VCU
A Rhode Island developer wants to build a 160-unit apartment complex near VCU in Richmond.
Kansas company wants to buy Qimonda property
The former Qimonda plant in eastern Henrico County has a prospective buyer.
The Pipeline: Commercial Real Estate Round Up for 2.26.10
Thalhimer reports the following deals: RJW6, LLC purchased the approx. 4,800 sq. ft. industrial property at 2709 Willard Road in Henrico from John Jen, LLC for $340,000 and will operate their business, Mosquito Squad of Richmond, at this location. Boushra F. Mikheal purchased the approx. 12,000 sq. ft. retail building situated on 1.25 acres at… Read more »