Richmond Properties News

Business Blog » Parkway’s exit from Jackson market seen as needed step
Parkway Properties’ planned exit from office markets in Jackson, Memphis and Richmond, Va., gets a thumbs-up from analysts who call the market departures an overdue course correction.

Richmond business district in National Register of Historic Places
Call it downtown, uptown, center city -- Richmond's central business district officially can be called historic. Local officials were informed this week that the district is now included in the National Register of Historic Places. The designation comes after a five-year effort by a number of city, downtown and historic preservation groups.

Dilapidated Pennington Place Apartments off Richmond Road sold
Pennington Place Apartments, an often-criticized and dilapidated complex off Richmond Road near New Circle Road, has been sold to a Florida firm that specializes in fixing up neglected properties.

Parkway sells all of its Memphis properties, except the Morgan Keegan Tower
The $147.5M deal also includes its holdings in Jackson, Miss., and Richmond, Va.

Mayor's propery left to burn
RICHMOND Mayor John Wharton has accused receivers Korda Mentha of allowing his properties to fall into disrepair.

Parkway Announces Disposition Activity and 2011 Fourth Quarter Conference Call
ORLANDO, Fla. , Jan. 5, 2012 /PRNewswire/ -- Parkway Properties, Inc. (NYSE: PKY - News) announced today that it is under contract to sell a portfolio of 15 non-core assets (the "Non-Core Portfolio") ...

Richmond Mall sold for $5.6 million
A new chapter in the uncertain future of Richmond Mall was unfolded earlier this month when the property was purchased by a Texas company. The mall was sold Dec. 9 for $5.6 million by 830 Eastern Bypass Holdings LLC to Richmond Mall Partners LLC.

Sherman and Hemstreet commercial real estate firm releases iPhone , iPad app
Sherman and Hemstreet, an Augusta real estate firm, recently released an iPhone application that lists properties for lease or sale.