Commercial Real Estate

Downtown developers in the spotlight

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Eighteen developers presented updates on 55 projects at an event Monday evening, focusing on the downtown area, Manchester and Shockoe Bottom.

Reynolds Crossing building owners at crossroads

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Two of the three owners of a high-dollar office building in Henrico’s Reynolds Crossing development are considering selling their ownership in the property.

German grocery invasion continues

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Two competing German grocery chains have filed plans for more stores in Chesterfield County, adding to their overall area locations.

$14M sale keeps soda flowing in Sandston

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A massive Coke deal has gone down in eastern Henrico. The 300,000-square-foot Coca-Cola bottling plant at 500 Eastpark Court in Sandston was purchased earlier this month for $14.3 million. The buyer in the Feb. 3 deal was Charlotte, North Carolina-based Coca-Cola Bottling Co. Consolidated (CCBCC), which is an independent company that operates outside of the… Read more »

West End shopping center bagged for $7M

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Continuing to bounce back two years after foreclosure, a shopping center near Innsbrook has been sold to an out-of-town real estate firm.

West End office leans right

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With opponents from the other side of the aisle already on the ground in Richmond, at least one member of the Grand Old Party has set up shop in town as part of his bid for the Republican presidential nomination. Kasich for America opened an office last week at 5411 Patterson Ave. in the West… Read more »

James Center headed to foreclosure

A chunk of downtown office space totaling nearly 1 million square feet has landed on the auction block. The James Center, consisting of three towers at 901, 1021 and 1051 E. Cary St., is scheduled for a March 8 foreclosure auction on the courthouse steps, according to a legal notice, after the buildings’ owner defaulted… Read more »

‘Modest Project’ continues Manchester’s commercial streak

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Hull Street fever is spreading further through Manchester. The Plains Management Co., based out of Plains, Virginia, is renovating three buildings at 1309-1315 Hull St. with plans to add four commercial spaces and 14 apartments. The properties sit just a storefront away from builder RJ Smith’s Urban Charm development, which will add another four commercial… Read more »

Grace Street ‘Feels the Bern,’ Fulton gets Hillary

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Update: Story has been updated to include a comment from the Clinton campaign. With the primary elections in full swing, presidential campaigns are scooping up space around Richmond. Bernie 2016 moved in earlier this month to a 1,700-square-foot space in the Daniel Call House at 217 W. Grace St. The campaign for the Democratic senator… Read more »