An entity that already owns dozens of properties throughout the city has come forward with an offer on a piece of Billy Jefferson’s real estate empire.
Commercial Real Estate
Downtown hotel handing keys to new owner
A Hilton-branded hotel near VCU is nearing a sale to a company that’s growing in college towns across the country. And the buyer has multimillion-dollar renovations in mind for the property.
Short Pump slated for $20M senior living facility
A Richmond-based senior housing firm is jumping back into the local market with 10-acre plans on Gayton Road for an assisted living and memory care complex.
Medical office in the works at Short Pump
Two doctors and a developer have gone in on the $5 million second phase of a Short Pump development that it aims to fill with other medical practices.
Jefferson properties draw new buyer interest
At a hearing on Tuesday, lawyers for imprisoned developer Billy Jefferson’s real estate entities hinted that the massive apartment portfolio has found new buyers.
Wheels turning again on Henrico project
A Hampton Roads builder is picking up where it left off on a massive Henrico County community and plans to build 500 single-family homes.
Airport hotel stripped of its brand
Hilton pulled out of a local hotel after the owner refused to spend million on an interior overhaul, and now the hotel is on the market.
Southside shopping center sells for $15M
An out-of-state buyer snatched up a Bon Air shopping center last week, and a prominent local family is unloading some its real estate as part of the deal.
Regency Square mall sold for $13M
Two local development firms with large-scale projects under their belts have sealed their joint purchase of a West End mall after years of lender ownership.
Real estate firm ups its hotel holdings
An Innsbrook firm bought several hotels in three states, pushing its total real estate holdings to 4.2 million square feet.