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.
Commercial Real Estate
Bankrupt church’s pastor accused of abusing estate funds
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.
Chinese paper firm seals first land deal
The Chinese company that plans to pump $2 billion into a factory complex has closed on its first chunk of Chesterfield County land.
Lumber Liquidators adds floor space
Despite recent scrutiny over the safety of its product, the flooring giant has expanded its Richmond office space by nearly 7,000 square feet.
Jefferson portfolios seek settlement with bank
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.
Innsbrook hotel sold for $9 million
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.
Downtown $30M bank project takes shape
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.
Architects add offices to Scott’s Addition
Following the stream of businesses and apartments that are setting up in Scott’s Addition, a local architecture firm is revamping an old warehouse to create more office space in the growing neighborhood.
Apartment complexes sold for $6.8M
A New York company has purchased several local apartment complexes as it bolsters its Richmond presence – and it is looking to snag even more.
NY firm buys $60 million office portfolio
A Maryland real estate firm is leaving the Richmond market and has handed its six office park properties over to a New York company – the buyer’s first move into the Virginia area.