Because they lied about their net worth on loan applications, a prominent bankrupt local couple will stay on the hook for $800,000 even after they exit bankruptcy.
Commercial Real Estate
Development delays put a damper on major events
The $70 million restoration of the iconic John Marshall Hotel has fallen months behind, leaving several brides scrambling for backup venues to host their big days.
Stalking horse reappears in the homestretch
A three-hour bidding war broke out Tuesday over the former headquarters of a bankrupt local tech company.
Bankruptcy case takes strange twist
Part of an aging shopping center is going up for auction next week after its owner skips town.
Mondial expands lease at Deep Run
After initially leasing four of five floors, a locally-based travel insurance company Mondial Assistance decided to lease all five floors of the Deep Run I office building in Western Henrico.
A million square feet, and one big question
Economic developers in Chesterfield County are fast-tracking a massive distribution center, but officials are keeping mum on who it’s for.
Developers top off a major project in the Bottom
A $29 million apartment development is heading into the home stretch.
Genworth helps Ramada with its bags
A Fortune 500 Richmond firm is buying itself some room to grow by taking over a shuttered hotel.
Real estate Rx
A $16.5 million medical office project is the latest phase of Reynolds Crossing, a mixed-use development in the West End.
Real estate’s dark cloud
Prognosticators say banks are going to have to start unloading repossessed properties to get the commercial real estate market moving.
