After cutting the number of units by about half, work is underway on a new apartment building downtown.
Downsized apartment project begins to rise
Katie Demeria
The Pipeline: Commercial real estate roundup for June 26, 2015
A busy pipeline this week, including a $1.75 million property sale in Hopewell, an 87,000-square-foot lease in Manchester and a pair of land purchases by local homebuilders.
Updated: Lingerfelt makes $110M buy into Hampton Roads
The Richmond real estate giant purchased nearly two dozen properties in Hampton Roads that bring an additional 1.3 million square feet into its holdings.
Senior apartments set for $5M upgrades
An 11-story apartment building across from the Science Museum, formerly a hotel, will undergo a top-down renovation to its 100 low-income units for seniors.
HDL continues hunt for new lender
The lab company withdrew a pending agreement for a $30 million line of credit, but it will have some cash coming in after a judge gave OK to go through with an auction of lab equipment.
Two $12M deals hand off 380 apartments
A Louis Salomonsky project near the Siegel Center and a 1975 apartment development have brought new firms into the Richmond market and are slated for upgrades.
The Pipeline: Commercial real estate roundup for June 19,2015
The state Department of Corrections buys a large lot of land in the city, a gym leases space in Henrico County and two firms grab small offices on Monument Avenue.
HDL auctioning off lab equipment
Clearing out space in its massive headquarters building, potentially to rent out, downtown-based HDL is accepting auction bids on a batch of its medical testing equipment.
Downtown pub building to add apartments
The new owner of a longtime local pub spot on Franklin Street has plans to replace the upstairs office space with 10 new apartments as the neighborhood slowly draws more businesses.
VCU Health System taps new CEO
Amid several massive children’s health projects, VCU Health System has picked a pediatrician and Michigan State dean to take over as CEO, effective in August.