Commercial Real Estate

A judge postponed the approval of a bank’s $36 million bid on developer Billy Jefferson’s apartment portfolio at a hearing Tuesday. The bank, also the primary lender on the real estate, will have to wait to reclaim the properties until the court settles disputes over how the proceeds will be paid out.

After entering the Richmond market with the purchase of a Southside assisted living complex, a Charlottesville firm is rolling out a $1.5 million plan to make more room for residents.

The firm that owns two senior living apartment properties is clearing out of the Richmond area while demand for senior housing is on the rise.

The 29 properties held by convicted developer Billy Jefferson were auctioned off yesterday, and one buyer will pay more than $30 million for a large chunk of the portfolio.

Developers finalized the $20 million purchase of 60 acres near Short Pump, kicking off work on massive retail center to be anchored by a grocery chain and an outdoor gear retailer.

A self-storage company has scooped up one of the few remaining undeveloped plots of land in the crowded Short Pump area.

The buyers of the 100-year-old Shenandoah Building in the Fan have $1 million plans to update the assisted living facility.

With one high-profile deal behind it, a local auction firm is prepping for the huge upcoming sale of some 400 apartment units held by convicted developer Billy Jefferson.

A $36 million dual hotel developed by locally based Apple Hospitality REIT opened in Shockoe Slip this week.

A local developer and former beer distributor are pushing the boundaries of Richmond’s beer scene farther south. And a $2 million apartment conversion project nearby will coincide with the upcoming brewery.