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Two bids, $36M dismantle Jefferson empire

Two bids, $36M dismantle Jefferson empire

Katie Demeria December 18, 2014 1

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.

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Land deal launches $50M project

Land deal launches $50M project

Katie Demeria December 17, 2014 0

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.

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Storage facility locks down Short Pump land

Storage facility locks down Short Pump land

Michael Schwartz December 16, 2014 0

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

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New buyer rejuvenates Fan senior residence

New buyer rejuvenates Fan senior residence

Katie Demeria December 15, 2014 0

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

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Bids roll in for Jefferson’s $30M holdings

Bids roll in for Jefferson’s $30M holdings

Michael Schwartz December 14, 2014 0

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.

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Double hotel opens downtown

Double hotel opens downtown

Michael Schwartz December 9, 2014 1

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

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Craft brew craze pours over into Petersburg

Craft brew craze pours over into Petersburg

Michael Thompson December 8, 2014 9

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

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Wireless provider powers down local stores

Wireless provider powers down local stores

Michael Schwartz December 7, 2014 0

After signing a deal with T-Mobile, Virginia-based nTelos is shutting down its local operations. And the closures will put several prime storefronts back on the market.

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Law firm jumps downtown towers

Law firm jumps downtown towers

Katie Demeria December 7, 2014 0

A large local law firm has picked a new office tower for its HQ and will leave a 80,000-square-foot gap in its current building when it makes the switch in the summer.

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VCU grabs more space on Cary

VCU grabs more space on Cary

Katie Demeria December 5, 2014 0

The university is continuing its push into the downtown area and has scooped up a retail space on West Cary Street that it plans to convert into an office.

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