Johnb Levy Co News Today

“We had a business plan and weren’t afraid to change it when the facts on the ground didn’t go in accordance with what we thought we were going to get,” said John Levy on his firm’s recent $37 million deal.

The investment arm of John B. Levy & Co. recently purchased the 130-unit Villas at Oakwood apartments for $10.7 million and is planning to convert those units into for-sale condominiums.

“It’s an opportunity for us, we think, to bring 130 home ownership opportunities to East Richmond,” said Bram Levy of John B. Levy & Co.

As work continues on the redevelopment of the Art Deco-style former tobacco factory in South Richmond, they seek a jury trial and damages of at least $4 million from Chris Harrison.

Barry Wilton purchased the two-building complex, which is nestled between Interstates 95, 64 and 195 and more than 90 percent leased, from Fernau LeBlanc.