City: Richmond

Apple Hospitality Five has tapped Wachovia Securities as financial adviser to explore strategic alternatives. Those alternatives could include a sale, merger or public listing of its shares. The Richmond, Va., REIT was formed in 2002 to acquire upscale, extended-stay and ...

Crescent Hotels & Resorts has acquired two suite hotels with a combined 477 units in Plymouth Meeting, Pa., and Richmond, Va. The Fairfax, Va., investor plans to make a combined $6 million worth of improvements to the properties: the 253-suite ...

First Potomac Realty Trust has paid $17.65 million for a pair of distribution buildings and land in Richmond, Va.The Bethesda, Md., REIT acquired 500 and 600 HP Way, which have 302,400 square feet, as well as a 102-acre parcel of ...

Virginian-PilotPrime Retail Inc. plans to add 109,000 square feet to its 350,000-sf Prime Outlets retail center in Williamsburg, Va. The Campbell, Calif., company acquired the expansion site, now home to a Comfort Inn hotel, for $4.5 million. Burberry, Tommy Bahama ...

Apollo Real Estate Advisors and a private investment company acquired the 194-room Sheraton Park South hotel in Richmond, Va. Apollo made the investment through its Value Enhancement Fund V opportunistic fund. Apollo plans a multi-million-dollar renovation for the full-service hotel ...

Richmond Times-DispatchThe riverfront in Richmond, Va., is emerging as one of the region's hottest office markets. The neighborhood recorded a vacancy rate of 3.6 percent, according to a report from GVA Advantis, a real estate firm that also tracks the ...

Onyx Partners has paid $16.2 million for Sunrise Apartments, a 229-unit residential property in Richmond, Va.Medalist Properties, a Richmond real estate firm, sold the complex.Onyx, a New York real estate investment group, funded the acquisition with financing provided by Morgan ...