Commercial Real Estate

One of Richmond’s most seasoned property owners snatched up more retail real estate in Carytown last week. And it’s moving forward with two big shopping center projects in the city and Henrico County.

Some big Richmond names are among the donors pushing the city’s first hostel project forward. The 50-bed hostel is slated to book its first reservations in the fall.

A local family has taken over two properties – including a small movie theater – near Libbie and Grove avenues and is looking into potential redevelopment plans with the theater’s closing date approaching.

A Texas company with a longtime presence in Richmond is finally ramping up its space to match its other locations, quadrupling the size of its warehouse and leaving the old building for VDOT use.

After his properties in the Fan and in Northern Virginia narrowly avoided auctions, a local restaurateur is approaching another foreclosure – this time on a three-story former bank building downtown.

Two big names in the local real estate scene are nearing a deal to buy a West End mall. And the firms’ reputations hint at a major overhaul.

A local real estate agent is taking the growing co-working concept to the Bottom, with plans to convert an old 17th Street property to a shared office with an apartment upstairs.

A local firm is expanding its large local hotel portfolio to a new area with plans to renovate the 224-room Glenside Drive property. The sale was finalized less than a year after the firm first made its initial move on the property in an auction last June.

Shovels are officially in the ground at a massive new Broad Street development that’s extending Short Pump’s retail boundaries further west.

A federal judge approved a request by lawyers yesterday to look into a potential second auction of a massive apartment portfolio held by Billy Jefferson after claims that the properties’ lender and winning bidder in the December auction has repeatedly failed to provide information crucial to fetching the best price.