Commercial Real Estate

Months after putting down a $2.15 million bid on a large Southside church property, a Henrico congregation is stepping back from the deal, which has been convoluted by lawsuits.

Blowing its recently updated record out of the water, Henrico County logged its largest commercial real estate deal so far this year with the sale of a busy Martin’s-anchored shopping center on West Broad Street.

The upcoming Ukrop hotel on West Broad Street will start booking reservations next month and is on track for a September opening.

A local real estate firm hit the NYSE Monday, finishing out its first day as a public company where it started – at $18 per share.

The owner of a local grocery store has purchased a Midlothian sports facility and is already getting started with renovations. Plus, a nearby 10-acre retail center also changed hands.

The county recorded its biggest real estate deal of 2015 with the sale of a massive medical office building. And a senior living company scooped up its second local facility and has $5 million renovation plans.

A Main Street site once floated for a condo tower is back on the drawing board and planned to be revamped into new apartments and commercial space.

The energy company plans to demolish one of its many downtown office properties before the end of the year as part of a larger plan to update its real estate holdings.

The real estate giant will soon operate under another massive firm, but the company’s local business will still operate under the same flag.

A 100-unit Manchester apartment complex is headed for auction, and a sale would topple the last big piece of Billy Jefferson’s Richmond real estate empire.