The developer behind a planned $20 million conversion of a dormant hotel in downtown Petersburg is facing a lawsuit from a Richmond firm that says it hasn’t been fully paid for its services.
Commercial Real Estate
VCU Health planning $348M facility downtown
A year after it opened the region’s largest pediatric outpatient facility, VCU Health is going forward with plans for an adult version.
Pair of Southside projects score $62M in financing
Two local development groups have secured financing to continue plans for a pair of large apartment complexes around Manchester.
Philip Morris sells land for 1M-square-foot industrial deal
A California-based development firm is planning to construct one of the largest warehouses in South Richmond.
Rebranded downtown hotel reopens after makeover
A yearlong, multimillion-dollar renovation and rebrand of the former Crowne Plaza Richmond is complete.
Foreclosure set for Henrico office complex
A bank-anchored office property near Virginia Center Commons may soon have a new owner as its date with the auction block has been set.
Amazon to open new operation in Ashland
The king of online retail is making another big move into the Richmond region, with a 320,000-square-foot lease for a new facility.
Local players seal two $4M apartment deals on Broad
Two 1920s-era apartment and retail buildings within two blocks of each other in the VCU area both sold on the same day last week.
7-story hotel planned for Short Pump
The Richmond market’s largest hotelier is going for the trifecta in the western end of the neighborhood.
16 Manchester parcels on the line in church bankruptcy
Nearly four years after going into Chapter 11 bankruptcy to protect its Manchester real estate holdings, a Southside church is once again threatened with losing its property.