Commercial Real Estate

Office and retail space is set to make up the finishing touches on a Henrico development at Glenside Drive and Forest Avenue.

Tucked in a valley between Libby Hill Park and Chimborazo Park, near the eastern end of the sealed Church Hill Tunnel, the area known as Sugar Bottom is seeing the first new construction in decades.

This update includes the three-building portfolio’s purchase price: Nearly $26 million.

And with deals coming together at a faster clip than last year, the next half-billion could come a lot sooner.

A deal is in the works to sell a nearly 40-year-old retail strip off Midlothian Turnpike.

Chesterfield supervisors voted unanimously Wednesday to reduce the county’s cash proffer for residential development – the first such reduction in 25 years.

Some of the final fragments from an imprisoned local developer’s real estate portfolio are set to change hands after a court-ordered auction held Wednesday.

Months after narrowly avoiding foreclosure, the downtown office complex is on the hunt for a new owner.

In what could be the first reduction to its policy in a quarter century, Chesterfield is considering a change to the county’s cash proffer system that critics maintain has stymied residential growth.

Derek Cha and his partner Brett Burkhart are adding more land to a sprawling “retail-tainment” development they’ve proposed in Chesterfield.