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 »
One year after completing renovations to a portfolio of apartments once owned by a notorious Richmond landlord, a local development company and its Boston-based collaborator have sold the portfolio’s flagship property and are on track to cash in on the rest.
After initially taking things slow, the city is ready to ramp up discussions on replacing the aging arena and redeveloping much of the surrounding acreage.
A father-son duo is looking to move forward with a sizable apartment project after getting the green light this week from Henrico County.
The local developer has pulled off a multimillion-dollar flip on a downtown office building in barely a year’s time.
Testing their theory that Richmond’s apartment market is approaching a peak, a group of local developers is looking to sell a 15-unit building just weeks after construction was completed.
After a previous plan for a brewery failed to materialize, a local restaurateur and hotel executive is in talks to sell off a West Broad Street parcel to a pair of developers.
A plot of land next to the new Institute for Contemporary Art has sold to the school, one year after its previous owner announced plans to build an 18-story tower there.
Two local developers who historically have targeted multifamily projects in Central and Southwest Virginia are embarking on a new path.
The deal is a new avenue of funding for the 6-year-old, Innsbrook-based company, which historically relied on bank loans using its investor pools as collateral.
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