Another bank is foreclosing on some of developer Justin French’s property, and it could leave the tax credit investor in the lurch.
Commercial Real Estate
Despite having a profitable year so far, the owner of Regency Square has decided to stop paying its mortgage on the West End mall.
Some of the top honchos who used to run Wachovia Securities will again be working downtown after their growing startup leased space in a vacated Shockoe Slip brewery.
A local real estate brokerage recently opened a new office in Hampton Roads with the hiring of a seasoned broker there.
Out-of-town investors close on one of the biggest deals this year in commercial real estate.
One of the last undeveloped buildings in Shockoe Slip is getting the rehab treatment. And the developer is moving full steam ahead on several other projects in the same neighborhood.
There’s been plenty of interest in the vacant brewery in Shockoe Bottom.
An office on the scenic 19th floor of a downtown office building is available for leasing after a Virginia-based investment firm shut down last month. But the dummy sitting in the entrance way is still there, at least for now.
A former lawyer-turned-developer is getting more ambitious in the historic tax project, apartment conversion game. This time he has his sights on turning an office building in Richmond’s near West-End into 88 apartment units.
A longtime local real estate developer is dealing with the boom-bust hangover, battling with former investors and banks and stepping down temporarily as chairman of a real estate development that bears his name.