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Challenger Development, a Hampton Roads development firm, is building a three-story, 45,000-square-foot, Class A office condominium for smaller professional firms. Located in the Oakbrooke Business & Technology Center, the Oakbrooke Professional Center will house a maximum of 16 suites up to approximately 3,700 square feet. (News release)

Patriot Equities bought The LandAmerica Building in Richmond from LandAmerica Financial Group for $9 million. The facility is a 127,000-square-foot, Class A office building. (News release)

Waverton Commerce Park LLC, a unit of Portsmouth's Waverton Associates Inc., bought 81 acres along Carolina Road in Suffolk and plans to develop the site into an industrial park serving port-related businesses such as trucking and warehousing. (The Virginian-Pilot)