Commercial Real Estate

A 2007 mixed-use development in Chesterfield County seems to finally be turning a corner with two land deals in the past six months and work about to start on the project’s first apartments.

A few months after switching brands, a hotel near RIC was sold for $4 million and now is set for renovations to its 226 rooms.

The Libbie Mill-Midtown development in Henrico County will soon kick off its first round of residential construction, and it has also been given the OK to build a high-rise in the center of the project.

The demolition of the aged Fairfield Commons mall started with celebration Thursday, as the property’s new owner gears up to build a brand new, Walmart-anchored shopping center in its place.

A real estate firm scooped up nearly 100 acres in Henrico County for an industrial project, and plans suggest that a major Chesapeake alcohol distributor could be moving in.

With a pair of 300-acre land deals in less than two months, Bill Goodwin’s real estate company has doubled its holdings in Chesterfield County and grabbed more property near a massive mixed-use project.

A pseudo-island wedged between the Manchester canal and the James could support the next major change to the city skyline. A developer is proposing a pair of 16-story apartment towers to replace an old paper company building.

A private equity company with a hand in several major commercial real estate projects is already filling its next fund more than $26 million in investments so far.

A holdout to VCU’s Grace Street real estate expansion could finally be absorbed into the university’s growing territory as the restaurant property’s owner seeks a buyer.

Two apartment complexes comprising more than 460 units have been put up for grabs, adding to the increasingly busy local apartment sale scene.