Commercial Real Estate

Getting out of the office leasing business, the Economic Development Authority is accepting proposals for its eight-story Franklin Street property that houses its business incubator and startups.

With properties up and down North Boulevard, a local developer was part of the group that recently closed on the purchase of a former car wash property, which he intends to convert into two commercial spaces.

Luring a Richmond developer to Petersburg, a former manufacturing warehouse is set to be converted into 62 apartments as the city continues to grow.

The retailer’s smaller pharmacy concept is filling in a gap on Broad Street across from the Central National Bank project, and with the lease in hand, the building’s owners have put the property on the market.

A Chesterfield shopping center owned by a Virginia Beach developer has a new date with the auctioneer after a September foreclosure auction was canceled.

Massive drills dug into a downtown parking lot this week, one of several sites being tested for viability as a permanent bus transfer facility as the GRTC works to narrow down its lengthy search.

The recession stomped out a massive commercial project in Midlothian in 2009. But now, local developers have one project off the ground and another in the works that will bring nearly 400 residential units and new retail space to the land.

A downtown tower is slowly refilling a law firm-sized hole, with two government groups leaving neighboring offices that one has called home since the mid-’90s.

The company behind a few big retail complexes in the area is working up a new project in Manchester after buying 12 acres and several warehouses in the growing Southside district.

The school has its eye on a restaurant property and a Media General-owned office and plans to renovate several of its other buildings, including the Brandcenter.