Commercial Real Estate

In the second of four big office deals in the downtown market, the BB&T-anchored Riverfront Plaza property was sold to a California firm for $147.5 million.

An empty hotel that looms over the highway is set to be revived as the centerpiece of a large mixed-use project including retail and apartments that will serve as a more welcoming first glimpse of the city.

Squeezing in a spree of deals before year’s end, various buyers are scooping up apartment properties around town, spending about $73 million on a combined 715 units.

A Washington, D.C.-based REIT that focuses on federal properties has made its entrance in the Richmond market with the purchase of the FBI’s field office on Parham Road.

A deal between a Scott’s Addition developer and a catering company will open the upper level and rooftop of a Broad Street building up to host events with a view.

Richmond’s newest office tower has been bought by the development’s lender, the first in a string of huge office complex deals in the works downtown.

In addition to the upcoming sales of Gateway Plaza and the Williams Mullen building, two other office towers are now under contract in a rare flare-up of big real estate deals downtown.

Cutting its space by about 30,000 square feet, a large law firm is back up and running in its new office after hopping from one downtown tower to another.

The Fortune 500 car retailer, outgrowing its Goochland headquarters and quickly expanding its retail presence nationwide, is on the hunt for more space downtown.

As more grocery stores grab up space in the Richmond area, Martin’s is taking a step back and will close three former Ukrop’s stores in the summer.