Commercial Real Estate

The Pipeline: CRE roundup for 6.22.18

One South Commercial reports the following deals: BRT3 LLC purchased 316 Brook Road in Richmond for $500,000. Ann Schweitzer represented the buyer and Ryan Rilee represented the sellers. Richmond Union LLC purchased 2308 M St. in Richmond for $870,000. Katy Foucar-Szocki and Justin Sledd represented the seller. Have Site Will Travel reports the following deal:… Read more »

Shockoe-based firm caps $26M real estate fund

A downtown wealth management firm’s real estate investment spinoff has closed out its latest eight-figure fund – and already is putting the money to work.

Lofty deal closes in Church Hill

A Richmond developer has parted ways with one of its East End assets. Fulton Hill Properties last week sold The Lofty apartment complex at 3618 and 3626 E. Broad St. for $6.6 million, confirmed Jon Ondrak, the real estate company’s chief operating officer. The transaction, which closed June 14, had not been recorded in the… Read more »

MGT Construction trustee eyes potential litigation

mgt construction sign

A hired gun of sorts is being brought in by the trustee overseeing the bankruptcy case of MGT Construction, as the hunt continues for assets to repay creditors of the defunct local general contractor. Harry Shaia, the Chapter 7 trustee tasked with recovering money to fill MGT’s eight-figure debt hole, in a filing last week… Read more »