Posted by Gregory J. Gilligan on 6/25/2015 on Richmond.com Henrico County-based Lingerfelt CommonWealth Partners has expanded its ownership reach again — this time buying 1.3 million square feet of office space in Hampton Roads. The company said the portfolio has 20 office buildings and two office/flex buildings spread across the Hampton Roads region, [...]

Posted by Katie Demeria on 4/30/2015 on RichmondBizSense.com One of the biggest names in Richmond real estate just got bigger. Lingerfelt CommonWealth Partners on Wednesday announced the purchase of a 22-building portfolio of office space in three cities in the Hampton Roads market, encompassing 1.3 million square feet. The seller was an [...]

Posted on Richmond Times Dispatch on 6/1/2015.  Mark W. Claud has taken a Henrico County-based commercial brokerage and turned it into a multifaceted business with more than 380 employees and offices in three states.  "We're just getting started," said Claud, who founded Commonwealth Commercial in 1996.  "We're having a great [...]

Posted by J. Elias O'Neal on 4/30/2015 on Daily Press A national homebuilder familiar with the Hampton Roads housing market is expanding its reach into the Middle Peninsula. Hampton-based Virginia Enterprises Inc. recently entered into an agreement to sell 33 lots to Ryan Homes in Gloucester's Dunston Hall community, according to a [...]

Posted on Richmond Times-Dispatch The real estate sector changing the fastest is retail, author and futurist Christopher Lee said Tuesday during a visit to Richmond.  The country is over-retailed, as more people shop online and the need for brick-and-mortar stores shrinks, he said.  Lee was keynote speaker at "Leaders Predict [...]

Posted on Virginia Business America is moving to a rental-based society. In the not-too-distant future, grocery stores will become the place to hang out, offering a hub of essential services. And large companies such as Microsoft will buy units for rent based on consumption, as opposed to square feet, from [...]

Posted on Virginia Business The Richmond office market ended the first quarter with a vacancy rate of 10 percent, up slightly from the previous quarter, according to a market report from Commonwealth Commercial Inc. Rental rates among all classes ended the quarter at $17.53 per square foot, representing a 2.3 [...]

Posted by Katie Demeria on 2/9/2015 on Richmondbizsense.com A local nonprofit has outgrown its old space and is ready to settle into a new home. Hanover Habitat for Humanity will vacate its current office, moving into a new location in the Atlee Square shopping center at 9159 Atlee Road by April 1. The [...]