After months of what one lawyer called a “somewhat tortuous” sale process, a Boston company has made a high bid of more than $37 million on imprisoned developer Billy Jefferson’s apartment empire.
New bidders vie for Jefferson properties
Katie Demeria
Builder wraps up Chesterfield apartments
A Virginia Beach builder that has taken on two massive residential projects in the area is finishing up a 360-unit apartment complex near Chesterfield Towne Center.
Real estate firm makes $6M buy into Richmond
A Miami company is expanding its holdings around the country and has purchased a nearly 30-year-old apartment complex near the airport. And the firm is planning six-figure upgrades to the building.
Newsbites: Noteworthy tidbits for March 17, 2015
Several area hospitals receive recognition and accreditation, Henrico County gets its first outdoor mural, companies donate hundreds of thousands to nonprofits, and local leaders in law, fundraising, finance and more stand out.
Bill Goodwin’s firm buys 100 acres in Henrico
The Richmond business tycoon and philanthropist has scooped up a large piece of land near the I-95 and I-295 interchange. And the property could be a piece of a $400 million children’s hospital project for which Goodwin has voiced his support.
Winding Brook hooks $11M hotel project
A Marriott-branded hotel will break ground this summer at the Bass Pro Shops-anchored shopping center, the latest in a string of new projects in the Ashland retail development.
Out $2.2M, health system leaves Petersburg
A Hampton Roads healthcare company for the elderly is pulling out of Petersburg after just a few years in that market. And it’s shaking things up at its Richmond facilities, as well.
The Pipeline: Commercial real estate roundup for March 13, 2015
Firms scoop up expansive space in Henrico County, a tech firm leases space in a Midlothian office building and a supply company moves into the city on Magnolia Street.
VCU grabs Belvidere gas station
In its latest large real estate move near campus, VCU scooped up a gas station property at Belvidere and Broad. The lot was recently under contract and set to be redeveloped into a Walgreens by a North Carolina firm that now says it has come around to the school’s vision for the area.
Builder settles down in Shockoe Bottom
A Shenandoah Valley construction firm is building a more permanent presence in Richmond with an office in an old Shockoe Bottom firehouse.