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RSS Richmond Commercial Real Estate News From CoStar Group

  • CoStar's People of Note (Aug. 18) - Cushman Taps Tyler, Avison Adds Glass August 18, 2017
    It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Chicago, San Francisco, Boston, Northern New Jersey, Washington DC, Los Angeles, New York City, Atlanta, Minneapolis, Seattle, Salt Lake City, Las Vegas, Toronto, Austin, Dallas / Ft. […]
  • CoStar Market Insights: Hampton Roads Job Growth Lagging, But Region Has Bright Spots August 16, 2017
    Hampton Roads’ economy still has ground to make up and continues to post flat employment growth in most sectors. Job levels only just returned to their pre-recession peak in 2017, more than three years after the U.S. National Index achieved the same feat. Market's Traditional Job Driver Takes Hit The local economy depends heavily on […]
  • Kuwaiti Bank Partners with Bentall Kennedy in Virginia Beach Apt. Purchase August 11, 2017
    Bentall Kennedy has acquired Ultris at Banyan Grove, a 288-unit apartment complex in Virginia Beach, as part of its investment mandate on behalf of Kuwait-based Warba Bank KSCP. The multifamily property includes 13 buildings with 288 units and was formerly called Banyan Grove Apartments. The sale price was not disclosed. The complex last sold in […]
  • Cloverleaf Office Park Sells for $3.4 Million August 11, 2017
    Cloverleaf Office Park, a six-property, 67,853-square-foot office park located at 300-310 Turner Rd. in Richmond, VA, has been acquired by Bethesda, MD-based Premier Management Services for $3.4 million, or approximately $50 per square foot. Cloverleaf Office Park was built in 1975 and within the last month the parking lot has been redone, new roofs were […]
  • CoStar Market Insights: Three Most Active Multifamily Submarkets in Richmond August 6, 2017
    South Richmond Where the Action Is The South Richmond submarket has the most apartment units under construction of any other submarket in the Richmond metro, with 747 units underway. New multifamily development has been concentrated largely in Manchester, just across the river from downtown Richmond. More than a dozen apartment projects have delivered in Manchester […]