A Delaware-based firm has taken over a foreclosed Richmond airport hotel more than a year after local ownership moved out.
Commercial Real Estate
2014 to-do list: Spend $150M on commercial properties
In one year, a Richmond-based real estate investment group run by a long-time lawyer has spent around $100 million on all sorts of commercial properties – even trailer parks. And it hopes to spend another $150 million in 2014.
Decision to relocate graveyard allows developer to move forward
Slowed by the discovery of an unmarked graveyard, work can now begin again at a Glen Allen housing development.
194-unit project is out of the bottle
A local development firm’s $26 million plan to set the western edge of Scott’s Addition has broken ground.
Clock ticking in sale of college campus
A deadline has been set on the sale of a defunct Central Virginia college.
50-year old shopping center finally lands a new anchor
A retail giant is bringing its smallest concept to Richmond and giving a Southside shopping center a shot in the arm.
312-unit apartment complex sold for $18.5M
A North Carolina-based firm just picked up a 22-acre apartment complex and plans more than $1 million in renovations.
Hotelier pulls out checkbook at online auction
A local hotel giant is checking into a second downtown office building.
Zoning change opens the way for Southside project
A Richmond company is looking to build dozens of townhomes in Forest Hill.
Hotel heads for foreclosure as owner travels a different path
One of Richmond’s largest hotel owners is letting go of one of its properties near the airport, saying it doesn’t fit into the company’s expansion plans.