The much discussed purchase of West Broad Village by E|CLASS has hit the current issue of Virginia Business Magazine. The investment group, and subsequently West Broad Village, are at the forefront of a new trend in commercial real estate. Groups such as E|CLASS pull together substantial sums of money to purchase large, struggling development projects [...]
As Stan mentioned on the blog earlier this week, the investment deal to get West Broad Village back on track has been completed. In a statement to the Times Dispatch, Stan said “the partnership is currently working on the budget and plans for completing the project.” I’m sure we’ll learn a great deal about those [...]
As promised, Stan has provided another update on the closing of West Broad Village. The last obstacle has been overcome and now the closing is planned for Friday. Based on the complexity of this closing and the holiday season, closing on this deal and townhouses may have to wait until next week. Stan and his [...]
Stan has provided another update to the site on the status of the community. Let me provide everyone with an update on matters. We have made progress on almost all of the issues that I wrote about last week and commented on in the recent newspaper article. As I write this email at 3:55 AM, [...]
The original closing was slated for the week of Thanksgiving, and as we all know, did not happen due to some unexpected obstacles. Principal of E|CLASS, Stan Manoogian, told the Times Distpatch that “…E/Class MB Partners will close nonetheless on the deal next week…” With Stan and his colleagues at E|CLASS we can all feel [...]
This morning Stan Manoogian took the opportunity to address some concerns from residents and provide an update on the full acquisition of West Broad Village. Here is the full message from Stan: Good Morning, I would like to take the opportunity to follow up with residents and future residents at West Broad Village concerning the [...]
The deal to help the vision of West Broad Village become a reality was supposed to close last week but there has been no official communication to residents from E|CLASS or Unicorp. I did notice a moving truck yesterday and some activity around the two rows of Ryan homes indicating that the new owners were [...]