Jefferson’s plan to flee the country did not weigh heavily into the judge’s sentencing decision, reasoning that most white-collar criminals with the means to skip town instead of pleading guilty probably consider the idea.
The judge was more upset with Jefferson’s spending of millions of dollars that could have been used for restitution.
A New York firm bought a $20 million hotel property earlier this month, marking the sixth Henrico County hotel deal of the year.
Seeing a bigger market for affordable housing than commercial space, the development firm wants to double the number of planned apartments in the final piece of a Petersburg complex.
The imprisoned local developer is set to begin his sentence on Tuesday, and he’ll have a new bride waiting for him on the outside.
With less than a week before the sentencing hearing, developer Billy Jefferson’s attorneys are making a case for a 12-year sentence, citing accountability and contributions to the community, “fraud notwithstanding.”
An ice cream company buys two acres and a laundry machine company leases 20,000 square feet in Hanover County.
The downtown real estate firm recently closed its last open fund and has used the cash to pack its portfolio with new hotels and a stake in an energy company.
A bankrupt home builder and its lender have agreed to delay further foreclosure auctions as the company searches for buyers.
With the golf business in decline, a former golf pro left the driving range to take on a property management franchise.
The owner of a hotel near the Diamond is trying to close a sale of the property before its scheduled October foreclosure auction.
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