Real estate firms scoop up GVA brokers

John Madures is the latest GVA Advantis broker to find a new job with another local firm. Divaris Real Estate hired Madures as a leasing and sales associate. Madures was most recently an associate director for GVA. Some other former GVA brokers have found work with other real estate firms since the Richmond office went… Read more »

Retail vacancy continues to rise

Vacancy for retail space in Richmond rose to almost 7 percent at the end of the second quarter. And that could mean banks might soon start taking back some retail properties if tenants don’t start signing leases soon. Meanwhile tenants who do sign leases are getting bigger discounts than six months ago.

The Pipeline: Commercial Real Estate Round Up for 7.3.09

South Atlantic Properties Inc. purchased the 22,800 square foot office/warehouse ain Hanover for $1.2 million.Wolfgang’s Gym leased 11,500 square feet at 3517 Courthouse Road in Chesterfield. LivingWell Healthcare Cooperative, a healthcare program for businesses, leased 1,100 square feet at 4196-B Innslake Drive in Henrico.