Commercial Real Estate News

RSS Richmond Commercial Real Estate News From CoStar Group

  • Hurricane Florence Threatens More Than $33 Billion in Commercial Property September 14, 2018
    Hurricane Florence, an intensifying Category 3 storm nearing the shores of North Carolina and South Carolina, will imperil an estimated $33.5 billion in commercial real estate. In an analysis of the coastline from Georgetown, South Carolina, to Buxton, North Carolina, the stretch of the East Coast likely to take the brunt of the storm, a […]
  • Southern States Sells Class A Richmond Office Building in $14.7M Sale-Leaseback Deal September 12, 2018
    The 206,068-square-foot, Class A office building at Brookfield Office Park in Richmond, Virginia. Thalhimer Realty Partners (TRP) purchased a 206,068-square-foot office building at Brookfield Office Park in Richmond, Virginia, from Southern States, a farmer-owned agricultural supply cooperative. Brookfield Place, formerly known as the Southern States Building, sold for $14.75 million, or about $70 per square […]
  • Northstar Pays $4.5M for Affordable Housing Complex in Danville September 5, 2018
    Leasing office at the 168-unit Northpointe apartment complex in Danville, Virginia. Northstar Equity Partners, a full-service investment firm, purchased a 168-unit affordable housing complex in Danville, Virginia, from a private investor. Northpointe sold for $4.45 million, or about $26,000 per unit. The garden-style complex at 100 Northpointe Lane comprises one-, two- and three-bedroom units ranging […]