Brookfield Asset Management will acquire outstanding shares of Forest City at $25.35 per share, plus get its $8B national real estate portfolio.
Stake in Short Pump Town Center, Tobacco Row properties to be sold in $11B deal
Commercial Real Estate
Accounting firm entangled in Thalhimer lawsuit
Cherry Bekaert accounting firm was added as a defendant and is being sued for malpractice in a case that involves alleged depletion of Thalhimer’s ESOP.
Intermediate Terminal building deemed ineligible for historic preservation
DHR’s conclusion likely will help remove the last major obstacle that had caused the Richmond City Council to repeatedly delay a vote on demolishing the building to make way for Stone’s World Bistro & Gardens.
Libbie Mill lands Lumber Liquidators HQ
Company will move its corporate headquarters from Toano into the 53,000-square-foot former Southern Season building at 4901 Bakers Mill Lane in Gumenick Properties’ Libbie Mill-Midtown development.
Breaking News: Lumber Liquidators to move HQ to Libbie Mill
The publicly traded wood flooring retailer plans to relocate its headquarters from Toano to the former Southern Season building in Gumenick Properties’ Libbie Mill-Midtown development.
Gumenick grabs vacant bank branch, adds to Libbie Mill holdings
Gumenick’s Skip Nash said the deal gives the company options for the busy, visible corner that leads into the sprawling mixed-use development.
Sources: Salomonsky buying Better Housing’s Scott’s Addition hotel
Better Housing Coalition is under contract to sell the former Quality Inn & Suites building at 3200 W. Broad St.
$30M apartment development slated for Brandermill area
After launching several projects in Midlothian, a local apartment developer is branching out into Chesterfield County’s Brandermill area for his latest deal.
Rowhouse rehab taking shape along O Street
A once-stalled historic rehab in Church Hill is nearing the finish line, marking an end to a years-long effort by local couple John and Benedicte Whitworth.
Canada-based developer buys into Powhatan
A global land development company based in Canada is entering the local market with a deal in Powhatan County that could result in hundreds of new homes.