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NewsApr 21, 2017

Commonwealth Commercial Completes Two Transactions This Week

Richmond, VA – April 21, 2017 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions. Dr. Kaugars & Miller, P.C. leased 2,580 SF at Libbie Medical Center, 5700 Old Richmond Avenue in Henrico County.  Mark Claud represented the Landlord. Koryo Traditional Martial Arts Center leased 4,526 SF at 2361 Greystone Court […]

In the NewsApr 20, 2017

Panelists: U.S. economy remains strong but could slow down in the next couple of years

Posted on 4/19/2017 by Carl Hazard on Richmond Times-Dispatch As values of commercial properties skyrocketed in large cities, investors turned their attention — and dollars — to cities such as Richmond, Charlotte, N.C., Raleigh, N.C., and Nashville, Tenn., according to three panelists who spoke Wednesday at the Eighth Annual Commercial Real Estate Forum hosted by Commonwealth […]

In the NewsApr 20, 2017

Late in the cycle?

Posted on 4/19/2017 by Paula C. Squires on Virginia Business The economy may be two years away from another downturn, real estate financial experts said Wednesday, but they don’t expect the commercial real estate industry to be pummeled as badly as it was during the last Great Recession, which lasted from December 2007 through 2009. […]

NewsApr 7, 2017

Commonwealth Commercial Partners Reports Eleven Transactions This Week

Richmond, VA – April 7, 2017 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions. Jonathan C. Kinney, Trustee purchased 280 acres of land in Royal Way in Montross in Westmoreland County for $560,000.00. Randy Cosby, Chris Jenkins and Bill Barnett represented the Seller. Todd H. West and Linda B. West […]

NewsMar 17, 2017

HISTORIC CARYTOWN BUILDING WILL BECOME 32 LUXURY APARTMENTS

FOR IMMEDIATE RELEASE March 16, 2017 HISTORIC CARYTOWN BUILDING WILL BECOME 32 LUXURY APARTMENTS Building formerly housed Virginia Commission for the Blind   RICHMOND, Va. — March 15, 2017 — One of Carytown’s most famous historic buildings will soon become 32 luxury apartments. The former site of the former Virginia Commission for the Blind building […]

NewsMar 10, 2017

Commonwealth Commercial Completes Four Transactions This Week

Richmond, VA – March 10, 2017 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions. Rent a Center East, Inc. leased 4,129 SF at Willow Place, 5424 W. Broad Street in Henrico County. Jim McVey and Morgan Trible represented the Landlord. Community Intervention, LLC leased 1,160 SF at Boulders II, 7400 […]

NewsMar 7, 2017

Mixed-Use Community Grows By Adding A Warehouse To The Mix

FOR IMMEDIATE RELEASE March 6, 2017 Mixed-Use Community Grows By Adding A Warehouse To The Mix RICHMOND, VA (March 6, 2017) – Commonwealth Commercial Partners, LLC is pleased to have represented the owners in the sale of 5100 Old Osborne Turnpike in Rocketts Landing. The property features an almost 30,000- square foot warehouse on 1.38 […]

NewsMar 3, 2017

Commonwealth Commercial Completes Four Transactions This Week

Richmond, VA – March 4, 2017 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions. Randall G. Welch purchased 295 acres on Deep Bottom Road in Henrico County for $850,000. Bill Barnett and Randy Cosby represented the Purchaser. McConnell Properties, LLC purchased 3.719 acres in Rockville Commerce Park in Goochland County […]

In the NewsMar 2, 2017

Lingerfelt CommonWealth Realty Partners buys two Southbank hotels

Posted on 3/1/2017 by Karen Brune Mathis on Jaxdailyrecord.com Lingerfelt CommonWealth Realty Partners LLC announced Tuesday it bought the dual-branded Hilton Garden Inn and Homewood Suites in the Downtown Southbank area. The property comprises a 123-room Hilton Garden Inn and a 98-suite Homewood Suites at 1201 Kings Ave. Richmond, Va.-based Lingerfelt CommonWealth, a commercial real […]

NewsMar 2, 2017

Lingerfelt CommonWealth Sells Richmond Marriott Short Pump in Richmond, VA

Posted on 3/2/2017 on PR Newswire RICHMOND, Va., March 2, 2017 /PRNewswire/ — Lingerfelt CommonWealth Partners, LLC, a Richmond, Virginia-based commercial real estate investment firm, today announced the sale of the 243 room full-service Richmond Marriott Short Pump for $38.5 million.  The purchaser was a partnership of regional investors. Continue reading the full article here.

In the NewsMar 1, 2017

Henrico-based Lingerfelt CommonWealth Realty buys Florida hotel

Posted on 3/1/2017 by Richmond Times-Dispatch Henrico County-based Lingerfelt CommonWealth Realty Partners has expanded its ownership reach again in Jacksonville, Fla., by buying a dual-branded hotel. The company acquired the Hilton Garden Inn | Homewood Suites hotel in downtown Jacksonville for $24.7 million, said Kenneth S. Strickler, managing director of acquisitions and asset management for Lingerfelt […]

NewsMar 1, 2017

Lingerfelt CommonWealth Acquires Hilton Dual-Branded Hotel in Downtown Jacksonville, Florida

Posted on 3/1/2017 on PR Newswire RICHMOND, Va., March 1, 2017 /PRNewswire/ — Lingerfelt CommonWealth Realty Partners, LLC, a Richmond, Virginia-based commercial real estate investment firm, today announced the acquisition of a stabilized dual-branded Hilton Garden Inn | Homewood Suites hotel in downtown Jacksonville, Florida. Continue reading the full article here.

NewsFeb 27, 2017

Forest Finance: How Taxes Affect Timberland Investments

Posted on 2/24/2017 by Brooks Mendell on Forisk Consulting Taxes matter in forestry, affecting most business decisions by for-profit firms and individuals. Ultimately, forest investors care about after-tax cash flows and values. Once income is withheld or designated for taxes, it is no longer available for consumption or investment. Forestland owners and timberland investors are subject […]

NewsFeb 24, 2017

Commonwealth Commercial Completes Four Transactions This Week

Richmond, VA – February 24, 2017 – Commonwealth Commercial Partners, LLC is pleased to report this week’s completed transactions. • Colonial River Wealth Management leased 4,115 SF at 13872 Coalfield Commons Place in Chesterfield County. Evan Ocheltree represented the Tenant. • Cognito Moto LLC leased 6,240 SF at 3 S. Granby Street in the City […]

NewsFeb 10, 2017

The Next American Farm Bust Is Upon Us

Posted on 2/8/2017 by Jesse Newman and Patrick McGroarty on The Wall Street Journal RANSOM, Kan.—The Farm Belt is hurtling toward a milestone: Soon there will be fewer than two million farms in America for the first time since pioneers moved westward after the Louisiana Purchase. Across the heartland, a multiyear slump in prices for corn, […]

In the NewsDec 30, 2016

Va. property management company buys Liberty Square towers

Posted on 12/22/2016 on GSA Business Richmond, Va.-based Lingerfelt CommonWealth Partners LLC has acquired two downtown Greenville office buildings –  One Liberty Square and Two Liberty Square. The Liberty Square towers, located at 55 and 77 Beattie Place, are in the heart of business district. The buildings total 445,612-square-feet and are 81% occupied by companies such […]

In the NewsDec 22, 2016

Lingerfelt CommonWealth Partners acquires two office buildings in South Carolina

Posted on 12/21/2016 on Virginia Business Richmond-based Lingerfelt CommonWealth Partners LLC has acquired two office buildings in Greenville, S.C, for an undisclosed price. The company announced the acquisition of One Liberty Square and Two Liberty Square on Wednesday. The buildings,  located at 55 and 77 Beattie Place,  total 445,612 square feet and are 81 percent occupied. […]

NewsDec 22, 2016

Comments on the Liquidity of Timberland Investments

Posted on 12/20/2016 on forisk.com During a recent “Investing in Timberland and Timber REITs” workshop, a student asked about the “problem” of liquidity for timberland investors.  We have posted on this theme before, and the issue clearly differs for those buying shares in publicly traded timberland-owning firms versus buying timberland acres in southern Mississippi, just as […]

In the NewsNov 30, 2016

Deal will preserve roughly 900-acre Malvern Hill Farm, site of Civil War battle

Posted on 9/27/2016 by Robert Zullo on Richmond.com A nonprofit land preservation group has entered into a nearly $6.6 million contract to purchase a roughly 900-acre, heavily forested farm property in Henrico and Charles City counties that includes a portion of the Malvern Hill battlefield, site of the final, bloody clash between Union and Confederate troops […]

NewsNov 21, 2016

President Trump and the Price of Timber

Posted on 11/9/2016 by Brooks Mendell on Forisk.com Once the election results were in, the emails started pinging at 3 a.m. with questions that can be summarized as, “How will a Trump presidency affect timber prices and the US forest products industry?” While the commentary in these messages include some gnashing of teeth and rolling of eyes, […]

NewsNov 7, 2016

US South Stumpage Market: YTD 2016 Results and Historic Trends

Posted on 10/20/2016 by Daniel Stuber on Forest2Market As we approach the end of the year, it’s a good time to analyze year-to-date (YTD) and historical stumpage market trends and prices throughout the US South. While winter seasonal pressure typically drives prices higher, I want to take note of the data before 4Q affects the market. Continue reading […]

NewsOct 27, 2016

U.S. Canadian Softwood Lumber Dispute: So What?

Posted on 10/26/2016 by Brooks Mendell and Amanda Lang on forisk.com This is the second in a series related to Forisk’s Q4 2016 forest industry analysis and timber price forecasts for the United States and Canada. In October 2015, the Softwood Lumber Agreement (SLA) between the United States and Canada expired. Now in October 2016, a […]

In the NewsOct 24, 2016

Commonwealth Commercial Partners Awarded Property Management of 77,568-square-foot Tampa Office Building

Posted on 9/24/2016 on businesswire.com TAMPA, Fla.–(BUSINESS WIRE)–Commonwealth Commercial Partners (CCP) is pleased to announced that it has been awarded the asset and property management of Buschwood Park III, a 77,568-square-foot office building located at 3350 Buschwood Park Dr. in Tampa, Fla. Commonwealth Commercial Partners was engaged to provide comprehensive services that include asset, property and […]

In the NewsSep 22, 2016

Preston Court Apartments Sell for $7.5 Million

Posted on 9/21/2016 on NBC29.com Press Release from Commonwealth Commercial: (Seller) Charlottesville, VA – September 21, 2016 – Commonwealth Commercial Partners, LLC is pleased to have facilitated the sale of Preston Court, a stately 35-unit apartment building located at 1600 Grady Avenue. It was originally constructed in 1928 and listed on the National Register of Historic […]

In the NewsSep 21, 2016

Historic Preston Court Apartments Sold For The First Time In Almost 100 Years

FOR IMMEDIATE RELEASE September 21, 2016 HISTORIC PRESTON COURT APARTMENTS ON GRADY AVENUE SOLD FOR THE FIRST TIME IN ALMOST 100 YEARS Charlottesville, VA – September 21, 2016 – Commonwealth Commercial Partners, LLC is pleased to have facilitated the sale of Preston Court, a stately 35‐unit apartment building located at 1600 Grady Avenue. It was originally constructed in […]

In the NewsAug 31, 2016

Historic Malvern Hill Farm in Henrico hits market for $10.6 million

Posted by Gregory J. Gilligan on 8/29/2016 on Richmond Times Dispatch A 900-plus acre farm in eastern Henrico County — site of the final battle fought during the Seven Days Battles during the Civil War — is on the market for $10.623 million. Its sale would be the first time the ownership of the historic Malvern Hill […]

In the NewsAug 29, 2016

Economy faces significant challenges, panelists say at Richmond event

Posted by John Reid Blackwell on 8/25/2016 on Richmond Times Dispatch The health of the U.S. economy falls somewhere between poor to pretty good, based on the views of four panelists who spoke Thursday at an economic forum in Richmond hosted by the Institute for Real Estate Management. On the panel were Rep. Dave Brat, R-7th; Raymond […]

In the NewsAug 29, 2016

Where is the U.S. economy headed?

Posted by Paula C. Squires on 8/25/2016 on Virginia Business With the federal budget deficit projected to hit $590 billion by the end of the year — 3.2 percent of the country’s GDP — rating the state of the U.S. economy as a 5 on a 10-point scale may seem optimistic, especially since some experts offered […]

In the NewsAug 26, 2016

Commonwealth Commercial to provide Asset Management and Property Management for CCP

FOR IMMEDIATE RELEASE August 22, 2016 Commonwealth Commercial Partners, LLC to provide Asset Management and Property Management for CCP Commercial’s Real Estate Portfolio RICHMOND, VA (AUG. 22, 2016) – Commonwealth Commercial Partners, LLC, a full-service commercial real estate firm headquartered in Richmond, Va., has reached an agreement with CCP Commercial Real Estate (“CCP”) to assume […]

In the NewsAug 25, 2016

Commonwealth Commercial to Manage 2.5 MSF Portfolio

Posted by Bogdan Odagescu on 8/24/2016 on Commercial Property Executive Commonwealth Commercial Partners has reached an agreement with CCP Commercial Real Estate to assume asset and property management duties for the latter’s portfolio. Virginia Beach, Va.-headquartered CCP currently holds a portfolio of approximately 2.5 million square feet of Class A office and industrial properties spread throughout the Mid-Atlantic […]

In the NewsAug 24, 2016

Richmond firm to manage Beach company’s commercial real estate portfolio

Posted by Nate Delesline III on 8/22/2016 on The Virginian-Pilot Commonwealth Commercial Partners, a full-service commercial real estate firm headquartered in Richmond, has reached an agreement with CCP Commercial Real Estate to assume asset and property management responsibilities for CCP’s growing real estate portfolio. Based in Virginia Beach, CCP’s portfolio consists of about 2.5 million square feet […]

In the NewsAug 24, 2016

Va. Beach company partners with Commonwealth Commercial Partners

Posted by Virginia Business on 8/22/2016 Commonwealth Commercial Partners LLC, a commercial real estate firm based in Richmond, has reached an agreement with CCP Commercial Real Estate to assume asset and property management responsibilities for CCP’s growing real estate portfolio. The portfolio of the Virginia Beach-based company consists of about 2.5 million square feet of Class […]

NewsAug 4, 2016

Brexit and biomass

Posted by Amanda Saint on 7/27/2016 on Biomass Magazine The uncertainty that surrounds the United Kingdom’s biomass sector has been swirling for some time, and the recent vote for the U.K. to exit the European Union has exacerbated the situation. Since the Conservative government came to majority power in 2015, things for biomass haven’t been looking as […]

In the NewsJul 27, 2016

$26M deal adds to local firm’s Florida holdings

Posted by Michael Thompson on 7/27/2016 on Richmond BizSense Continuing its acquisition streak, an Innsbrook-based real estate firm has bagged the headquarters building of a national retailer and further expanded its stake in the Sunshine State. Lingerfelt CommonWealth acquired the 10-story, nearly 200,000-square-foot Stein Mart Building in Jacksonville, Florida this month for $26.62 million. Ken Strickler, a […]

In the NewsJul 27, 2016

Henrico-based Lingerfelt CommonWealth buys office tower in Jacksonville, Fla.

Posted by Gregory J. Gilligan on 7/26/2016 on Richmond.com Henrico County-based Lingerfelt CommonWealth Realty Partners has expanded its ownership reach again in Jacksonville, Fla. The company said today that it acquired the Stein Mart Building in downtown Jacksonville, Fla., for $23.625 million. The 10-story building, which is headquarters for discount retailer Stein Mart, is currently 95.75 percent […]

In the NewsJul 19, 2016

Carytown space trades maternity for stationery

Posted by Michael Shaw on 7/12/2016 on RichmondBizSense.com Carytown retail space doesn’t stay vacant for long. Paper Source, a national retailer that sells invitations, announcements, gift wrap and stationery, is set to move into 3124 W. Cary St. in Cary Court later this year. The 2,200-square-foot storefront was left empty by maternity shop Hip to Be […]

NewsJun 28, 2016

Timberland Returns Chopped in First Quarter

Posted on April 25th, 2016 by NCREIF CHICAGO, IL, April 25, 2016 – The National Council of Real Estate Investment Fiduciaries(NCREIF) has released first quarter 2016 results of the NCREIF Timberland Index. The index returned a negative 0.26% for the quarter, which was the first negative quarterly return inmore than four years. The EBITDDA return was steady, at […]

NewsJun 16, 2016

Silvicultural Practices of Large Timberland Owners and Managers

Posted on June 15th, 2016 by Shawn Baker on Forisk Consulting In Spring 2016, Forisk conducted its third biennial survey regarding current management trends and common silviculture practices for the largest timberland owners and managers in the U.S. South. This research tracks the intensity, variance, costs, and results associated with these activities to help forest owners and […]

NewsJun 6, 2016

Timber Price Movements in the US South during March/April 2016

Posted by Joe Clark on Forest2Market During the March/April 2016 period, there was an overall decrease in both pine stumpage prices and hardwood prices throughout the US South. Pine pulpwood saw the biggest decrease (-4.69 percent) dropping to $10.03/ton. The next two largest decreases were seen in pine chip-n-saw (-3.17 percent) and hardwood pulpwood (-3.14 percent). Pine […]

NewsJun 6, 2016

Timberland Transaction Trends in North America

Posted by Forisk Consulting on 6/6/2016 Timberland investors looking to acquire assets and timber REITs seeking to grow their asset bases both made big moves over the past 16 months. Firms in Forisk’s North American Timberland Owner & Manager List were among those that conducted at least 92 publicly known timberland transactions totaling over 9.8 million […]

In the NewsJun 6, 2016

Commonwealth Commercial promotes Kenneth S. Strickler to president

Posted by Virginia Business on 5/31/2016 Commonwealth Commercial Partners LLC has named Kenneth S. Strickler president of the Richmond -based company. Mark Claud will continue to serve as CEO. In his new position, Strickler will be responsible for the operational and long-term planning for all company functions, including strategy and allocation of resources. Strickler started his […]

In the NewsJun 2, 2016

Kenneth S. Strickler Promoted to President of Commonwealth Commercial

For Immediate Release May 31, 2016 Change announced as the commercial real estate company celebrates 20th anniversary and continues to demonstrate its commitment to growth RICHMOND, Va. (May 31, 2016) – Commonwealth Commercial Partners, LLC, today announced that Kenneth S. Strickler has been named president and that Mark Claud will continue to serve as chief […]

In the NewsMay 20, 2016

Lingerfelt CommonWealth Sells Bank of America Plaza in Downtown Nashville, TN

Posted by Business Wire on 5/19/2016 RICHMOND, Va.–(BUSINESS WIRE)–Lingerfelt CommonWealth Partners, LLC today announced the disposition of Bank of America Plaza located at 414 Union Street in downtown Nashville, TN, totaling 435,525 square feet, for a gross sales price of $74 million. The Company acquired the property in July 2013 for $41.75 million. Lingerfelt CommonWealth Partners […]

In the NewsMay 16, 2016

Lingerfelt CommonWealth Acquires Lifestyle Retail Center in Hampton Roads, VA

Posted by PR Newswire on 5/13/2016 RICHMOND, Va., May 13, 2016 /PRNewswire/ — Lingerfelt CommonWealth Realty Partners, LLC today announced the acquisition of Towne Place at Greenbrier, a high-end Lifestyle Retail Center in the Greenbrier submarket of Hampton Roads, VA. The center was acquired for $15,550,000 and is 94.7% leased. Towne Place at Greenbrier, constructed in […]

In the NewsMay 16, 2016

Lingerfelt CommonWealth Realty Partners acquires Chesapeake retail center for $15.5 million

Posted by Virginia Business on 5/13/2016 Lingerfelt CommonWealth Realty Partners LLC has acquired Towne Place at Greenbrier, a retail center in Chesapeake, for $15.5 million. Towne Place, which is described as a high-end lifestyle retail center, is 94.7 percent leased. Built in 2007, it has more than 20 retailers in 76,827 square feet of space. “The Greenbrier […]

In the NewsApr 27, 2016

Millennial impact on real estate

Posted by Paula C. Squires on Richmond Business on 4/27/2016 By the year 2025, America will primarily be a cashless society that has shifted to rental housing. The government will levy taxes and fines on buildings not classified as “green,” and Amazon will control 15 to 20 percent of grocery sales through an efficient delivery system. These predictions […]

In the NewsMar 2, 2016

What will happen with all these empty Wal-Marts?

Posted by Triangle Business Journal on 3/1/2016 In the month since Wal-Mart shuttered 16 of its stores across North Carolina, including a Supercenter store in south Durham, a marketing effort has begun to find new buyers for the empty buildings. Wal-Mart has hired Commonwealth Commercial Partners Inc. of Glen Allen, Virginia, to list all of its vacant properties […]

In the NewsMar 2, 2016

Commonwealth Commercial Evaluates Rural Land Market’s Upward Trend

FOR IMMEDIATE RELEASE February 26, 2016 Commonwealth Commercial Evaluates Rural Land Market’s Upward Trend Over 30 rural Virginia counties report nearly 200 land transactions in 2015   Richmond, Va. – Feb. 26, 2016 – The large-acreage rural real estate market in Central Virginia is heading toward pre-recession values in terms of price per acre and […]

In the NewsNov 19, 2015

Greater Richmond Chamber moving to SunTrust Center

Posted by Gregory J. Gilligan on Richmond Times-Dispatch on 11/18/2015 The Greater Richmond Chamber is moving to new digs. The business group announced Wednesday that it had signed a lease to take over much of the 17th floor of the SunTrust Center at 919 E. Main St. downtown. Its board approved the move Wednesday morning. The chamber […]

In the NewsOct 27, 2015

Commonwealth Commercial emerges as property market surges

Posted by Nate Delesline III on Inside Business on 10/16/2015 Lingerfelt Commonwealth Partners recently purchased a 22-building portfolio of office space comprising 1.3 million square feet in Virginia Beach, Hampton and Chesapeake. In a recent announcement, the company said the acquisition brings Lingerfelt’s holdings to 5.5 million square feet across the southeastern United States. Its portfolio includes […]

In the NewsOct 27, 2015

$10 million dollar renovation at Richmond Marriott Short Pump is complete

Posted by Virginia Business on 10/13/2015 The Richmond Marriott Short Pump in Henrico County has a new look. Following a $10 million renovation, the hotel, located within the Innsbrook Corporate Center, held a grand reopening last week. Lingerfelt CommonWealth Partners, a commercial real estate company located a block away in Innsbrook, acquired the hotel in June […]

In the NewsOct 27, 2015

New Name for a Hotel Near Short Pump, Virginia Accompanies Its New Look

Posted by Digital Journal on 9/24/2015 SHORT PUMP, VA–(Marketwired – Sep 10, 2015) – A major change has been completed at the former Richmond Marriott West. The new-look Short Pump hotel has embraced the latest in Marriott’s Brand Standards, joining premier Marriott properties nationwide. New renovations are extensive. The newly added MClub Lounge on the hotel’s […]

In the NewsOct 27, 2015

One More Time: Lingerfelt, Liberty Property Trust Close On $100+ Million Transaction in Virginia

Posted by Bryce Meyers on 6/24/2015 on Costar Years after coming together on a $100 million transaction in Richmond, Lingerfelt CommonWealth Partners and former parent company Liberty Property Trust have again struck a $100 million deal in the State of Virginia, with Liberty this time exiting the Hampton Roads office market with the sale of its 1.32 million-square-foot portfolio […]

In the NewsOct 27, 2015

Hardywood deal marks big win for office park

Posted by Jonathan Spires on 7/21/2015 on RichmondBizSense.com Monday’s announcement that Hardywood Park Craft Brewery will build a new facility in Goochland County was not only welcome news for the local craft beer market, but also for West Creek Business Park. The 3,500-acre park has notched new developments at its northern connection with West Broad Street, but […]

In the NewsOct 27, 2015

UPDATE: Lingerfelt CommonWealth acquires portfolio in Hampton Roads for $110.3 million

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, including locations in Hampton, Virginia […]

In the NewsJun 25, 2015

Lingerfelt makes massive buy into Hampton Roads

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 affiliate of Liberty Property Trust, […]

In the NewsJun 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 time growing the company with […]

In the NewsMay 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 news release. It will be […]

In the NewsApr 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 the Future”, the sixth annual […]

In the NewsApr 29, 2015

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 national landlords with smaller office […]

NewsApr 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 Virginia Enterprises, Inc. in the […]

NewsApr 21, 2015

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 Commonwealth Commercial represented the Seller. […]

In the NewsApr 21, 2015

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 percent increase in rates from […]

In the NewsFeb 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 organization is swapping its 12,500 […]

In the NewsFeb 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 not disclosed. Lingerfelt CommonWealth’s purchases […]

In the NewsFeb 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 a 10-year lease on 13,000 […]

In the NewsDec 30, 2014

10 Predictions for Wood Consuming Industries in 2015

Posted by Pete Stewart on Forest2Market.com 1. The sleeping giant will awake to biomass demand. For years, the pulp and paper industry’s attitude toward bioenergy demand has shifted between head-in-the-sand and wait-and-see. In 2015, this sleeping giant will awaken as pockets of the US South experience significant price appreciation, the result of increased competition. Continue reading the […]

In the NewsDec 29, 2014

Wood Supply Sources in the US South

Posted by Javon Carter  on Forest2market.com The fragmented nature of timberland ownership across the US South can make it difficult to identify wood suppliers. Non-industrial private forest (NIPF) landowners – whose primary business or means of income comes from a source other than timberland ownership – own a majority of the forestland in the Southern United States. […]

In the NewsDec 19, 2014

McVey honored by Virginia Ducks Unlimited

Posted by Tee Clarkson on 6/24/14 12:00 AM on Richmond.com It’s easy to overlook. We head to rivers and lakes, the woods, and marshes without taking the time to realize, that for all the wild places, there are organizations and individuals dedicated to protecting them. There are people who wake every morning thinking about preserving habitat, protecting […]

In the NewsOct 22, 2014

Southern Pine Lumber Exports to China

Posted by Suz-Anne Kinney on 10/22/14 1:53 PM on Forest2Market.com Southern Pine lumber exports to China have increased 430 percent in the last five years, a result of a campaign conducted by the Southern Forest Products Association (SFPA) with funding from the USDA Foreign Agricultural Service’s (FAS) Market Access Program (MAP). SFPA used the funding […]

In the NewsJul 25, 2014

Q2 NCREIF Timberland Index

Second Quarter CHICAGO, IL, July 25, 2014 – The National Council of Real Estate Investment Fiduciaries (NCREIF) has released second quarter 2014 results of the NCREIF Timberland Index. The index returned 1.08% for the quarter, which was split between 0.41% appreciation and 0.66% income. This was down from first quarter’s 1.60% total return, but the […]

In the NewsJul 24, 2014

Q2 NCREIF Farmland Index

Second Quarter Returns Decline CHICAGO, IL, July 21, 2014 – The National Council of Real Estate Investment Fiduciaries (NCREIF) has released the second quarter 2014 results of the NCREIF Farmland Index.The total return for the quarter was 1.73%, comprised of 0.78% appreciation and 0.95% income return. This was below second quarter 2013’s 1.97% and first […]

In the NewsApr 25, 2014

NCREIF Q1 Timberland Returns

CHICAGO, IL, April 25, 2014 – The National Council of Real Estate Investment Fiduciaries (NCREIF) has released first quarter 2014 results of the NCREIF Timberland Index. The index returned 1.60% for the quarter, which was split between 0.91% appreciation and 0.69% income. This was down from fourth quarter’s 5.92% total return, but the highest first […]

In the NewsJan 13, 2014

Timber Returns Rebound Strongly Quarter

CHICAGO, IL, January 24, 2014 – The National Council of Real Estate Investment Fiduciaries (NCREIF) has released fourth quarter 2013 results of the NCREIF Timberland Index. The index returned 5.92% for the quarter, which was split between 5.33% appreciation and 0.60% income. This is the highest quarterly return since fourth quarter 2007, when the quarterly […]

NewsDec 12, 2013

Commonwealth Commercial Awarded Property Management for East Coast Metals

Richmond, VA – Commonwealth Commercial Partners, a full-service commercial real estate firm based in Richmond, has been awarded the property management of East Coast Metals, an approximately 45,000 square foot industrial building located in Richmond. Alex Crouch will be property manager. Commonwealth Commercial manages over 10 million square feet of property in Virginia, Tennessee, and North […]

NewsOct 28, 2013

Commonwealth Commercial Partners Takes Leasing Lead for SunTrust Center

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NewsAug 1, 2013

News & Views – It’s About Growth and Our People

It’s About Growth and Our People In March, Commonwealth Commercial Partners, LLC moved into larger headquarters in Henrico County as we continue to grow and expand our services. We’re now located in the Commonwealth Commercial Building in the Innsbrook Corporate Center in Glen Allen, Virginia. “The story for us is not the move; it’s our […]