A local used car consignment startup is driving a high-speed expansion forward, planning to open 10 more locations in the next two years.
CarLotz fuels up with $5M capital raise
Burl Rolett
Local homebuilder files for Chapter 11
With a portfolio of residential properties slipping away to foreclosure, a local homebuilder receded into bankruptcy Friday.
The Pipeline: Commercial real estate roundup for 8.1.14
A big land deal in Chesterfield County. A commercial property changes hands for $10 million. And $1.6 million in apartment deals in the city and Powhatan.
Bankruptcy blocks Jefferson foreclosures
The imprisoned developer’s real estate holdings got a reprieve from foreclosure on Wednesday evening after two last-minute bankruptcy filings.
Industrial space hits its post-recession stride
It’s a good time to own a warehouse in Richmond as a recent run of large industrial leases in the area has pushed vacancy rates to their lowest levels in years.
VCU gobbles up more real estate
The school’s acquisition of a West Grace Street apartment building could be the next piece of more than $100 million worth of construction underway along the five-block stretch between Ryland and Belvidere streets.
Builders swap lawsuits
Two prominent Richmond builders are taking aim at one another in court over a Scott’s Addition apartment project once owned by Justin French.
After a long trek, hostel project moves forward
An international company has taken its first visible steps toward the creation of a $2.8 million downtown hostel that will be aimed at young, budget-conscious travelers.
Downtown bank buildings under contract
A developer has a $25 million plan to turn the old Signet Bank complex into nearly 200 apartments, adding the property to a growing list of downtown conversion projects.
Work begins on Broad Street hotel
Ted Ukrop has started a new hotel renovation project that includes two West Broad Street buildings and will also house his wife’s art gallery.