In The News | News | June 16, 2015

Growth at Commonwealth Commercial Partners creates changes

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 [...]

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In The News | News | May 1, 2015

National homebuilder enters Middle Peninsula market

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 [...]

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In The News | News | April 29, 2015

Leaders predict the future at commercial real estate forum

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 [...]

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In The News | News |

Speaker predicts transformational shifts in commercial real estate

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 [...]

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News | Press Releases | April 21, 2015

National Homebuilder Enters Middle Peninsula

Gloucester, VA – April 17, 2015 – Commonwealth Commercial Partners, LLC is pleased to have assisted Virginia Enterprises, Inc. with entering an agreement to sell 33 building lots to NVR, Inc. (NYSE: NRV) d/b/a Ryan Homes in Gloucester’s Dunston Hall community. Sam Worley and Ryan Fanelli with Commonwealth Commercial represented [...]

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News | Press Releases |

High Profile Land in Henrico County Transfers

Richmond, VA – March 10, 2015 – Commonwealth Commercial Partners, LLC is pleased to announce the sale of Scott Farm, a strategic 98.9 +/- acre property located at 500 Scott Road in Henrico County was purchased by Riverstone Properties in March 2015 for $5,686,750. Joe Buhrman and Bill Barnett with [...]

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In The News | News |

Richmond office vacancy is 10 percent at end of first quarter

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 [...]

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In The News | News | February 10, 2015

Nonprofit lands larger home

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 [...]

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In The News | News | February 5, 2015

Real estate firm ups its hotel holdings

Posted by Katie Demeria on 2/3/2015 on Richmondbizsense.com A local real estate investment company has grabbed a handful of hotels in its latest round of acquisitions. Glen Allen-based Lingerfelt CommonWealth Partners acquired five hotels in four Southeastern cities, the company said Monday. Terms of the deal and the identity of the seller were [...]

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In The News | News | February 3, 2015

SunTrust Center lands another law lease

Posted by Katie Demeria on 2/3/2015 on Richmondbizsense.com A downtown law firm is moving two blocks up Main Street for some extra legroom. Eckert Seamans, a Pittsburgh-based firm that has operated in Richmond since 2009, will be setting up shop in the SunTrust Center at 919 E. Main St. in late March with [...]

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