Commercial Real Estate

The 29 properties held by convicted developer Billy Jefferson were auctioned off yesterday, and one buyer will pay more than $30 million for a large chunk of the portfolio.

Developers finalized the $20 million purchase of 60 acres near Short Pump, kicking off work on massive retail center to be anchored by a grocery chain and an outdoor gear retailer.

A self-storage company has scooped up one of the few remaining undeveloped plots of land in the crowded Short Pump area.

The buyers of the 100-year-old Shenandoah Building in the Fan have $1 million plans to update the assisted living facility.

With one high-profile deal behind it, a local auction firm is prepping for the huge upcoming sale of some 400 apartment units held by convicted developer Billy Jefferson.

A $36 million dual hotel developed by locally based Apple Hospitality REIT opened in Shockoe Slip this week.

A local developer and former beer distributor are pushing the boundaries of Richmond’s beer scene farther south. And a $2 million apartment conversion project nearby will coincide with the upcoming brewery.

After signing a deal with T-Mobile, Virginia-based nTelos is shutting down its local operations. And the closures will put several prime storefronts back on the market.

A large local law firm has picked a new office tower for its HQ and will leave a 80,000-square-foot gap in its current building when it makes the switch in the summer.

The university is continuing its push into the downtown area and has scooped up a retail space on West Cary Street that it plans to convert into an office.