Lenders are beginning to take back more delinquent properties as the number of bad loans around town accelerates, including the Sheraton Richmond West hotel on Broad Street.
Thalhimer
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 8.7.09
Pilc and Moseley, LLC, public accountants, leased 3,000 square feet at 7400 Beaufont Springs Parkway in Richmond.Richmond International Forest Products, Inc., a lumber distribution company, leased 7,300 square feet at 4050 Innslake Drive in Henrico.
The Pipeline: Commercial Real Estate Round Up for 7.31.09
Richmond Volleyball Club purchased the 73,500 square foot former Brown Distributing facility at 2921 Byrdhill Road in Henrico for $2.4 million. The Kane Company, an office services company, leased 48,500 square feet at 11810 N. Lakeridge Parkway in Hanover.
The Pipeline: Commercial Real Estate Round Up for 7.24.09
CB Richard Ellis reports the following transactions: Briefings Media Group, LLC, a publishing company, leased 8,300 square feet at 2807 N. Parham Road in Henrico. CSX Transportation leased 6,200 square feet at 1610 Forest Ave in Henrico. Taylor Long Properties reports the following transactions: Curves for Women, a health club, leased 2,000 square feet at… Read more »
Commercial brokerage disbanding
Seven GVA Advantis brokers left the troubled firm last week and are starting an affiliate of a new firm. Leading the pack is Charles Polk, who was GVA’s all-time top-producing broker.
The Pipeline: Commercial Real Estate Round Up for 7.17.09
Petco, a national pet store chain, leased 14,600 square feet at Staples Mill Square in Henrico.DVA Healthcare Renal Care leased 7,000 square feet at 8801-8815 Three Chopt Rd. in Henrico. Rugged Wearhouse leased 14,111 square feet at Circuit City Plaza in Henrico
Board Paradise back in retail heaven
Board Paradise won’t be boarded-up after all.
GVA Advantis closing some Virginia offices
The Richmond office of the commercial brokerage firm GVA Advantis apparently has escaped the ax. On Monday the company said it will close offices in Newport News and Northern Virginia. And unlike at the Norfolk office, where brokers have left for other firms, GVA’s Richmond brokers are staying put — for now.