Commercial Real Estate

A trio of retail properties has been sold to a group of local investors, who are now in a prime spot near another redevelopment project in the Libbie-Grove area.

As infamous developer Billy Jefferson’s last big property is once again facing auction, the owner of one of his other apartment projects has dug up several smaller parcels and is urging their foreclosure.

A Virginia Beach developer that took a shot at the GRTC property earlier this year is now pitching more than 230 apartments and commercial space on West Broad Street atop the former home of a state agency.

A local builder bought a new $2 million office last month, where it plans to create a workspace hub for other small businesses in the industry.

A former medical practice building is being razed in Jackson Ward, creating a 3-acre plot for potential redevelopment.

A Manchester software firm has signed a deal to move into a post office building outside of the Fan that will triple its space.

Despite a recent push toward an IPO, a local apartments-focused REIT has agreed to be sold in a deal valued at $1.9 billion. West End-based Landmark Apartment Trust announced last week it will be acquired by Monument Partners LLC, an entity owned by affiliates of Greenwich, Connecticut-based Starwood Capital Group and Dallas-based Milestone Apartments REIT…. Read more »

The owner of one of Richmond’s most visible buildings from Interstate 95 has landed its largest tenant to date.

With small apartment projects and restaurants reviving old downtown buildings, a prominent local developer has earmarked another property for renovation and will add new residential units and commercial space to Third Street.

After 10 years with the company, Nathan Hughes of commercial real estate brokerage Bandazian & Hughes is switching gears with the start of his own firm.