Commercial Real Estate

After suing the investors she enlisted on the project, the developer behind a stalled effort to restore a block of 19th-century rowhouses in Church Hill has filed for Chapter 7 personal bankruptcy protection. Deanna Lewis, who last August filed an $8.35 million lawsuit on behalf of herself and her company, Heirloom Restorations, against husband-and-wife investors… Read more »

Even a rundown old Chinatown bus station has potential when it’s nestled up against the edge of Scott’s Addition. Scott Coleman of Crossroads Development confirmed Wednesday that he’s behind the recent purchase of the No. 1 Bus Tour property at 3121 W. Broad St. CDI Broad LLC bought the site for $730,000 on May 19…. Read more »

One of Richmond’s big real estate players has sealed a pair of eight-figure deals in Hampton Roads and Tennessee. Lingerfelt CommonWealth Partners this month announced a $74 million transaction that transferred ownership of the Bank of America Plaza office building in Nashville. The 435,525-square-foot building sold to a joint venture that’s 95 percent owned by… Read more »

With the lease expiring at its longtime Shockoe Bottom headquarters, a homegrown shirtmaker is stepping into a downtown property owned by the Ukrops. Ledbury signed a lease this month to relocate its home base and flagship retail shop to three floors at 315 W. Broad St. The 7-year-old menswear brand plans to move into the… Read more »

A downtown building that’s home to apartments and a Japanese eatery is headed to the auction block. The Shockoe-Cary Building at 19-21 S. 13th St., which sits at the corner of East Cary Street, is scheduled for a June 1 foreclosure auction at 11 a.m. on the steps of the Richmond Circuit Court, according to… Read more »

Here’s something Scott’s Addition doesn’t hear every day: Happy trails. After less than a year in business, Idle Hands Bread Co. has vacated its 3103 W. Leigh St. bakery in the increasingly popular neighborhood with plans to move in June to a bigger space at 312 Brook Road in Jackson Ward. Owner Jay Metzler said… Read more »

A local firm that specializes in due diligence is leaving its Innsbrook office for one its owner just bought in Chesterfield County. Dominion Due Diligence and its 120 employees will relocate by the end of the year to 201 Wylderose Drive, a 26,000-square-foot building purchased this month by its founder and president, Rob Hazelton. Through… Read more »

Las Vegas may be the deal-making capital for Richmond real estate pros this week. Brokers, developers, lawyers, engineers and architects from at least 20 Richmond firms made the trip out to retail commercial real estate conference RECon, a trade show and networking event hosted annually at the Las Vegas Convention Center. Local companies Commonwealth Commercial… Read more »

A recently developed medical office building and nearby parking lot in Towne Center West in Short Pump are now owned by VCU Health. VCU Health System Authority acquired the 111,000-square-foot, five-story medical office building at 11958 W. Broad St. earlier this month for $39.99 million, according to Henrico County records. It paid an additional $3.9… Read more »

Another massive clandestinely named industrial project is in the works in Meadowville Technology Park in Chesterfield County. The Chesterfield Economic Development Authority is helping shepherd the development of a 600,000-square-foot warehouse and office facility for an unnamed tenant on 62 acres directly adjacent to Amazon’s sprawling distribution center. That’s according to an application the EDA… Read more »