An out-of-state investor hopes to turn around a distressed Mechanicsville shopping center for which he paid less than half the assessed value.
Commercial Real Estate
Lots of industrial deals. Plus a small building near Forest Hill Ave. changed hands, and yet another frozen yogurt shop.
The value of troubled commercial mortgage-backed securities rose about 26 percent in 2011 for the Richmond area, as landlords with more vacancy and lower rents had trouble refinancing loans that came due.
A deal to sell five Richmond office buildings was announced last week as a Florida REIT is unloading the last of its local real estate holdings.
A handful of sales plus lots of retail leasing. And a laboratory that studies tobacco leased 50,000 square feet in Henrico.
The apartments at a popular mixed-use development in Short Pump are for sale.
Because they lied about their net worth on loan applications, a prominent bankrupt local couple will stay on the hook for $800,000 even after they exit bankruptcy.
The $70 million restoration of the iconic John Marshall Hotel has fallen months behind, leaving several brides scrambling for backup venues to host their big days.
A three-hour bidding war broke out Tuesday over the former headquarters of a bankrupt local tech company.
Part of an aging shopping center is going up for auction next week after its owner skips town.