A Richmond property management company added a pair of apartment complexes to its portfolio with the acquisition of 132 units in two deals totaling $5.3 million.
Local buyer picks up two apartment properties in the city
Jonathan Spiers
Jonathan joined BizSense in 2015 after a decade of reporting in Wilmington, N.C., and at the Henrico County Leader. The Virginia Tech grad covers government, real estate and other news.
Reach him at (804) 308-2447 or [email protected].
‘Creativity within constraints’: Martin Agency adjusts work, staff with the times
Changes such as shifting away from live-action to alternatives such as motion graphics and animation have required some adjustments to Martin’s workforce, including cutting some positions and adding others more suited to certain work amidst coronavirus.
The Agenda: Local government briefs for 5.4.20
A county effort to prepare for the phased reopening of the state economy seeks industry representatives to participate in work groups, a controversial zoning request for a Wegmans facility in Hanover is up for a deciding vote, and applications continue to be accepted for the city’s small business disaster loan program.
12-acre Short Pump tract sells for $5.8M
Three years after it first went under contract in a deal that fell through, one of the last remaining developable tracts with Broad Street frontage in Short Pump has finally landed a buyer after fielding multiple offers.
Long & Foster resumes legal fight with local competitor
Nearly three years after settling their previous legal dispute, a local residential real estate firm once again is being sued by the regional industry heavyweight from which it was spawned.
Passenger traffic at RIC halved in March; 90% drop expected for April
If the nearly empty terminals weren’t enough of an indicator, the latest traffic counts released this week for Richmond International Airport show the pandemic’s impacts were worse than previously thought.
The Pitch: Advertising and marketing news for 4.28.20
The state tourism office gets promotional assists from two Richmond-area firms, a couple podcasts receive local support, and several area shops put out new work related to the coronavirus crisis.
28-acre Goochland estate hits the market at $3.7M
The property in the heart of Hermitage Country Club includes a 14,200-square-foot mansion once owned by the star witness in former Gov. Bob McDonnell’s corruption trial, and now owned by a local developer.
The Agenda: Local government briefs for 4.27.20
City Council holds the first of two budget hearings this week, Ashland rolls out its proposed fiscal plan and Henrico weighs a proposed increase to its business license tax exemption threshold.
Stop the presses: Local news outlets pull back on print
Like many of their peers across the country, some local news outlets are being hit hard by the coronavirus downturn, particularly those that put out print editions.