An out-of-state buyer snatched up a Bon Air shopping center last week, and a prominent local family is unloading some its real estate as part of the deal.
Commercial Real Estate
Two local development firms with large-scale projects under their belts have sealed their joint purchase of a West End mall after years of lender ownership.
An Innsbrook firm bought several hotels in three states, pushing its total real estate holdings to 4.2 million square feet.
One of Richmond’s most seasoned property owners snatched up more retail real estate in Carytown last week. And it’s moving forward with two big shopping center projects in the city and Henrico County.
Some big Richmond names are among the donors pushing the city’s first hostel project forward. The 50-bed hostel is slated to book its first reservations in the fall.
A local family has taken over two properties – including a small movie theater – near Libbie and Grove avenues and is looking into potential redevelopment plans with the theater’s closing date approaching.
A Texas company with a longtime presence in Richmond is finally ramping up its space to match its other locations, quadrupling the size of its warehouse and leaving the old building for VDOT use.
After his properties in the Fan and in Northern Virginia narrowly avoided auctions, a local restaurateur is approaching another foreclosure – this time on a three-story former bank building downtown.
Two big names in the local real estate scene are nearing a deal to buy a West End mall. And the firms’ reputations hint at a major overhaul.
A local real estate agent is taking the growing co-working concept to the Bottom, with plans to convert an old 17th Street property to a shared office with an apartment upstairs.