Commercial Real Estate

The developer’s Libbie Mill development in Henrico has landed another large lease from a local insurance company and will soon break ground on a second office and retail building.

The annual Commercial Real Estate Awards on Tuesday celebrated Richmond’s top development projects and property deals, and the $434 million development at Libbie Mill took home the top honors.

After months of back and forth in court, the sale of Billy Jefferson’s 440-apartment portfolio has finally been approved. And the buyer, making its entrance in the Richmond market, has sweeping renovation plans for the Fan and Museum District properties.

An Atlanta developer is jumping in on the action at the Bass Pro Shops-anchored Ashland shopping center, with plans for a 22-acre retail project.

A pair of BMWs, a house in Ohio and offshore accounts make up a trustee’s lawsuit against the pastor of the bankrupt Richmond Christian Center and his two sons. And the church is facing another lawsuit from the winning bidder of a November auction.

The Chinese company that plans to pump $2 billion into a factory complex has closed on its first chunk of Chesterfield County land.

Despite recent scrutiny over the safety of its product, the flooring giant has expanded its Richmond office space by nearly 7,000 square feet.

With the deadline for bids approaching, the real estate entities of convicted developer Billy Jefferson are moving to keep their lender from interfering with the chance at an outside sale.

A Glen Allen Hyatt was swept up in a $1.8 billion portfolio sale and is now under ownership of a New York-based REIT.

The conversion of a former bank building into nearly 200 apartments is moving along on schedule, and the developer has added plans for an additional commercial space and a rooftop pool.