Commercial Real Estate

It’s a good time to own a warehouse in Richmond as a recent run of large industrial leases in the area has pushed vacancy rates to their lowest levels in years.

The school’s acquisition of a West Grace Street apartment building could be the next piece of more than $100 million worth of construction underway along the five-block stretch between Ryland and Belvidere streets.

Ted Ukrop has started a new hotel renovation project that includes two West Broad Street buildings and will also house his wife’s art gallery.

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.