A Southside real estate management company is just waiting on final approval from the SEC so it can launch a stock offering at about $15 a share under recently changed federal rules.
Commercial Real Estate
Grove Ave. strip sold for $3.6M
A trio of retail properties has been sold to a group of local investors, who are now in a prime spot near another redevelopment project in the Libbie-Grove area.
Final shreds of Jefferson holdings pushed toward auction
As infamous developer Billy Jefferson’s last big property is once again facing auction, the owner of one of his other apartment projects has dug up several smaller parcels and is urging their foreclosure.
State-owned buildings catch developer’s eye
A Virginia Beach developer that took a shot at the GRTC property earlier this year is now pitching more than 230 apartments and commercial space on West Broad Street atop the former home of a state agency.
Builder moves into new home with room to spare
A local builder bought a new $2 million office last month, where it plans to create a workspace hub for other small businesses in the industry.
Demolition begins on Jackson Ward medical building
A former medical practice building is being razed in Jackson Ward, creating a 3-acre plot for potential redevelopment.
Broad St. post office ships in new owner
A Manchester software firm has signed a deal to move into a post office building outside of the Fan that will triple its space.
Local real estate firm acquired in $1.9B deal
Despite a recent push toward an IPO, a local apartments-focused REIT has agreed to be sold in a deal valued at $1.9 billion. West End-based Landmark Apartment Trust announced last week it will be acquired by Monument Partners LLC, an entity owned by affiliates of Greenwich, Connecticut-based Starwood Capital Group and Dallas-based Milestone Apartments REIT…. Read more »
New call center adds to former Wyeth plant’s tenant list
The owner of one of Richmond’s most visible buildings from Interstate 95 has landed its largest tenant to date.
Developers kick off another downtown rehab
With small apartment projects and restaurants reviving old downtown buildings, a prominent local developer has earmarked another property for renovation and will add new residential units and commercial space to Third Street.