Commercial Real Estate

Lots of real estate news this week: A technology firm leases more than 21,000 square feet in an Henrico office park, a motorcycle shop moves into a new space and several developers buy up commercial and retail space around the Richmond area.

Two developers are continuing their work in Manchester with an apartment building and a larger mixed development in the works within a few blocks of each other.

A California-based golf company is stepping in to take control of a Glen Allen club, dissipating a long struggle between the course’s builder and former owner and its members.

A plan presented to the city on Monday that calls for 300 residential units on the old Armstrong High School site was the first step in a larger goal to revamp the public housing complex in Creighton Court.

A Jewish school for boys that owns a West Broad-facing building near Scott’s Addition is considering redeveloping the property for retail or restaurant use in the growing neighborhood.

This year introduced hundreds of new apartments to the largely industrial neighborhood, and work is underway on two massive projects at the former Miller Manufacturing and Reynolds South plants. And as developers draw more tenants Southside, startups and restaurants are starting to venture across the river as well.

Richmond became a battleground for huge grocery chains this year, with Walmart, Kroger, Wegmans and more vying for the carts of local shoppers. And with a long list of projects in the works for next year, the shopping spree is set to continue in 2015.

A judge postponed the approval of a bank’s $36 million bid on developer Billy Jefferson’s apartment portfolio at a hearing Tuesday. The bank, also the primary lender on the real estate, will have to wait to reclaim the properties until the court settles disputes over how the proceeds will be paid out.

After entering the Richmond market with the purchase of a Southside assisted living complex, a Charlottesville firm is rolling out a $1.5 million plan to make more room for residents.

The firm that owns two senior living apartment properties is clearing out of the Richmond area while demand for senior housing is on the rise.