Commercial Real Estate

Nothing golden about it

A Chesterfield housing development that caters to senior citizens has fallen, and it can’t get up. And now the few residents of the unfinished neighborhood are hoping a new developer comes in to help revive the stalled project and revive their dreams of a stress-free retirement.

Forecast for how local CMBS loans will play out: hazy

The delinquency rate for commercial real estate loans is climbing in Richmond. That could mean more distressed property will hit the market this year as lenders get tougher on borrowers. And that, in turn, could mean a few more bargain-basement prices for investors willing to bet on a recovery.

Restoring faith after French

We’ll know soon enough how long Justin French will spend in prison — what’s less clear is how long it will take Richmond to clean up his mess. For now, the state Department of Historic Resources is taking steps to prevent future abuse of its tax credit program.

Pipeline: Commercial Real Estate Round Up for 1.14.10

Top Gun Motor Sports leased 10,000 square feet at 10471 Cobbs Rd in the City of Ashland. Plus Boushra Mikhael purchased 7,980 square feet at 15 & 23 W. Clopton Street in Richmond from BB&T for $100,000

Internet sweepstakes like their odds

In the face of skepticism and on shaky legal ground, controversial Internet cafes continue to roll the dice and open locations in storefronts across Richmond.

Real estate firm finds new home

Snipes Properties had been displaced by the wake of foreclosures left by developer Justin French.