Global investment firm purchases The Standard, rebrands it as Yugo Crestline

Two transactions in Charlottesville this fall illustrate how student housing is a lucrative global business with healthy cash flow fueled by households that can afford to pay premium prices for places to live.  In the past dozen years, three student-housing buildings—all valuable commodities for investors—have been constructed on West Main Street. Madison Loft LLC sold […]

Holiday Inn on Emmet Street eyed for conversion to apartments

Since 1972, the Holiday Inn on Emmet Street has been a temporary home for people visiting the Charlottesville area and the University of Virginia.  In the near future, dozens of people may call the seven-story building their permanent home.  “The Palms Charlottesville conversion will feature approximately 190 apartments, primarily focused on small affordable units, but […]