A new concept from Walmart focused on putting small stores on college campuses has arrived in Virginia with an agreement between the retail chain and Virginia Commonwealth University.
Commercial Real Estate
Developer buys more land around Magnolia Green
The man who once went head-to-head with Donald Trump for the Kluge winery has added 200 acres to his land holdings in Chesterfield County.
Industrial space hits its post-recession stride
It’s a good time to own a warehouse in Richmond as a recent run of large industrial leases in the area has pushed vacancy rates to their lowest levels in years.
VCU gobbles up more real estate
The school’s acquisition of a West Grace Street apartment building could be the next piece of more than $100 million worth of construction underway along the five-block stretch between Ryland and Belvidere streets.
Work begins on Broad Street hotel
Ted Ukrop has started a new hotel renovation project that includes two West Broad Street buildings and will also house his wife’s art gallery.
Dueling lawyers ally on fate of Jefferson properties
Defense and prosecuting attorneys have agreed that incarcerated developer Billy Jefferson’s 29 local properties should be kept from going to foreclosure auction next week.
New development firm quickly building its pipeline
Carter Snipes and Rob Stephens earlier this year launched River West Group, a new residential construction and development company that has its eye on projects in Church Hill, the Museum District and Scott’s Addition.
Walmart developer buys motel property
A development company bought a Brook Road motel last week for $2 million. The motel will be demolished to make way for a Walmart Neighborhood Market grocery store.
$13M assisted living facility breaks ground
An assisted living complex in Chesterfield will bring homes, a movie theater, and services to residents with Alzheimer’s and dementia. It’s being built as part of the CenterPointe development.
Imprisoned developer’s holdings headed to foreclosure
Almost 30 properties belonging to developer Billy G. Jefferson, who has pleaded guilty to charges related to a tax credit scheme, are set to be auctioned at the end of the month.