Commercial Real Estate

Do you have the receipt?

Despite having a profitable year so far, the owner of Regency Square has decided to stop paying its mortgage on the West End mall.

Renovations on tap at former Richbrau location

Some of the top honchos who used to run Wachovia Securities will again be working downtown after their growing startup leased space in a vacated Shockoe Slip brewery.

Commercial broker expands east

A local real estate brokerage recently opened a new office in Hampton Roads with the hiring of a seasoned broker there.

The dummy might soon be homeless

An office on the scenic 19th floor of a downtown office building is available for leasing after a Virginia-based investment firm shut down last month. But the dummy sitting in the entrance way is still there, at least for now.

Universal Leaf building under contract

A former lawyer-turned-developer is getting more ambitious in the historic tax project, apartment conversion game. This time he has his sights on turning an office building in Richmond’s near West-End into 88 apartment units.

Down but not out

A longtime local real estate developer is dealing with the boom-bust hangover, battling with former investors and banks and stepping down temporarily as chairman of a real estate development that bears his name.

Markel buys half of local private equity fund

An arm of a local insurance giant has invested in a Richmond-based private equity fund that buys distressed real estate projects with the goal of fixing the management, injecting more money and coming out with a handsome return.