Commercial Real Estate

John Marshall conversion finally begins

After years of hype and decades of false starts, construction has started on a $66 million renovation of the iconic Hotel John Marshall. Crews are assembling the fence around the site, and demolition workers are taking out the old furniture.

And the award for best commercial real estate project goes to

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.

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.

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.