A last-minute cash infusion wasn’t enough to save a Chesterfield County retail property from the auction block.
Commercial Real Estate
Financial firm gets assist from fellow coworking grads
The sole commercial tenant in a recent downtown historic rehab is eyeing his neighbor’s apartment for an internal expansion.
$27M apartment project to rise five stories in Jackson Ward
A newcomer to the local development scene is bringing some added height to a 1-acre stretch of Marshall Street.
Hourigan to buy downtown Media General building
For the first acquisition of his newly minted development arm, a longtime local construction executive is going big – and eyeing a property he built for another Richmond firm nearly 20 years ago.
Dodson partners with yoga studio in downtown building
A yoga teacher and a busy local real estate developer have come together in the latest effort to reinvigorate a stretch of East Grace Street.
Real estate firm settles shareholder suit for $32M
A lawsuit challenging a downtown real estate firm’s $1.3 billion merger with its sister fund last year has netted an eight-figure settlement for the fund’s former shareholders.
Developers’ beef over alleyway spills into court
With a canal-front hotel deal in the works, the group behind The Locks development downtown is taking a neighboring landlord to court for allegedly blocking access to an alley that’s needed for the project’s next phase.
Proffer change requests contribute to county backlog; policy to be revised
Six months after cutting its proffer fees in half, an influx of requests from developers wanting to reduce their payments is testing staff resources and prompting a second look at Chesterfield County’s revised policy.
Douglas Development snags another slice of Jackson Ward
The Washington, D.C. developer has added to its Richmond holdings with its second acquisition in the city this year.
$5M renovation wraps up at William Byrd
The nearly century-old building that’s spent the past two decades as senior apartments has been brought into the 21st century with a $5 million upgrade.