Commercial Real Estate

A Maryland-based firm has bought a grocery store-anchored shopping center in Chesterfield for $4.4 million after about two years under another out-of-town owner.

Long a holdout amid in VCU’s real estate acquisitions, a rundown restaurant property on West Grace Street has been sold to the university and is set for demolition.

A local real estate firm bullish on the VCU market has finalized its purchase of a 41-unit apartment complex in Carver for $7.4 million.

Downtown’s skyline is set for change with a $93 million office tower to be anchored by SunTrust. And the bank’s moving plans are also shaking things up in the suburbs, where it will consolidate the rest of its staff into a single office park building.

A local development group has the tallest new tower to be built in Richmond in recent memory in the works, with a major bank signed on as the anchor tenant.

With a Chesapeake broker on board, a local commercial real estate company is staging an expansion in the Tidewater market.

Outgrowing its Goochland headquarters, one of the country’s largest food distributors is shuffling its employees and has moved about 100 people to an expanded Stony Point office.

The developers behind high-end condos on Libbie Avenue have filed a $2.5 million countersuit against their former general contractor as the half-finished project waits in limbo.

A 330,000-square-foot warehouse on the Southside and its operator’s book of business has been pulled under the ever-expanding umbrella of Motleys Asset Disposition Group.

Boosting its 2015 acquisition total to $130 million, a real estate firm purchased a Manchester apartment complex on Dec. 31 and is moving its headquarters from Innsbrook to the Bottom.