Commercial Real Estate

Defense and prosecuting attorneys have agreed that incarcerated developer Billy Jefferson’s 29 local properties should be kept from going to foreclosure auction next week.

Carter Snipes and Rob Stephens earlier this year launched River West Group, a new residential construction and development company that has its eye on projects in Church Hill, the Museum District and Scott’s Addition.

A development company bought a Brook Road motel last week for $2 million. The motel will be demolished to make way for a Walmart Neighborhood Market grocery store.

An assisted living complex in Chesterfield will bring homes, a movie theater, and services to residents with Alzheimer’s and dementia. It’s being built as part of the CenterPointe development.

Almost 30 properties belonging to developer Billy G. Jefferson, who has pleaded guilty to charges related to a tax credit scheme, are set to be auctioned at the end of the month.

A local hotel owner bought a nearly 200-room hotel last month near the Chesterfield Towne Center.

Leaving apartment developers out to dry, the co-owner of the HandCraft industrial laundry space is searching for the perfect tenant to move in next summer. And he’s already shown it to one Colorado brewery.

The real estate firm with more than 1 million square feet of local office space sold one of its large buildings in late June.

With low vacancy rates in its other buildings, a real estate company is planning to build three new warehouses as an extension of a Dabney Road industrial complex.

A Pennsylvania real estate company with a large Richmond portfolio has started construction of the last piece of its eight-building industrial park.