Commercial Real Estate

Downtown-based Apple REIT Cos. sold off $206 million worth of hotel properties, and a recent letter from its CEO shows that the company is moving toward a public offering.

In its latest large real estate move near campus, VCU scooped up a gas station property at Belvidere and Broad. The lot was recently under contract and set to be redeveloped into a Walgreens by a North Carolina firm that now says it has come around to the school’s vision for the area.

A local developer is pitching an English village-style development on 120 acres in Hanover County that would add a grocery store and more than 500 homes to the area.

The Bass Pro Shops-anchored retail center in Ashland is set for a new $5 million development that will bring in a Chantilly-based shooting range.

A Shenandoah Valley construction firm is building a more permanent presence in Richmond with an office in an old Shockoe Bottom firehouse.

Bill Talley is making way for a new development – potentially another grocery concept – by putting his Henrico dealership under one roof. And his plans call for $1 million in upgrades to the new building.

A new hotel brand that’s growing in college towns closed on its nearly $10 million purchase of a downtown Hilton DoubleTree. And the major renovation plans – which will shut down the hotel until next year – call for the addition of a restaurant or bar.

A high-end grocery chain is expanding in the Richmond area and will move into a space left behind by Barnes and Noble in Chesterfield County.

A development group has its eye on a 60-acre piece of land in Mechanicsville to add to an already expansive mixed-use project.

A longtime local developer who finished a 150-unit apartment tower last year has just topped off another Grace Street project – a $15.5 million development for VCU.