Commercial Real Estate

Apartment complexes sold for $6.8M

A New York company has purchased several local apartment complexes as it bolsters its Richmond presence – and it is looking to snag even more.

NY firm buys $60 million office portfolio

A Maryland real estate firm is leaving the Richmond market and has handed its six office park properties over to a New York company – the buyer’s first move into the Virginia area.

Incoming grocer sparks new development on Broad Street

With Whole Foods on the way to West Broad Street, a long-vacant commercial space across the street is being rebooted. And the Washington-based owners are looking first for retail tenants.

Southside industrial lot sells for $3.3M

A scrap metal recycling firm has closed on a deal to buy about 75 acres on the Southside after about a year of leasing the space.

Developer fills out growing neighborhoods

The firm behind Gather co-working space is developing a pipeline of its own filled with a handful of mixed-use redevelopment projects in Church Hill and other growing districts.

Senior living pulls in $31M in new projects

A state senator and a Baptist church are jumping in to the busy senior living market with a pair of new projects in Henrico and Chesterfield counties.

New bidders vie for Jefferson properties

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.

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.