The commercial real estate giant entered the local market a few years ago but had yet to set up a formal office in the Richmond area.
CRE firm Newmark to open first Richmond office in Scott’s Addition
Mike Platania
Mike Platania joined BizSense in December 2016. He covers commercial real estate, restaurants and breweries. He graduated from Virginia Tech. Reach him at [email protected] or (804) 554-6872.
Downtown investment advisory jumps to Scott’s Addition
Apogem Capital is leaving Riverfront Plaza in favor of the 10,000-square-foot space that was left vacant by now-defunct ad agency Yebo.
Freund’s Fulton Hill puts Westwood development site back on the market for $8M
Fulton Hill paid $1.8 million for the site in 2022. It’s the second recent listing in the Westwood area that includes approved plans and entitlements.
Developer buys site of future Bellevue Gardens apartment project for $3M
Behind the 78-unit project is a Bristol, Virginia-based firm that exclusively builds housing developments for lower income residents.
Local investor Marwaha makes another empty-office building gamble
For the second time in as many years, Gagan Marwaha saw a totally empty office building as an opportunity. “We don’t go buy stabilized assets,” he said.
Dominion to reopen sidewalks, traffic lanes around vacant city block downtown
The utility giant recently began work to restore and reopen the sidewalks and traffic lanes around the vacant city block it owns at 701 E. Cary St., while future plans for the site are still unknown.
El Chido on the move again, this time to Chesterfield
“A lot of people have asked when we’d expand to a different county because all the Chidos are in Henrico or Richmond,” its owner said. “I’m very excited to be here in Chesterfield.”
Engineering firm VHB leaving Canal Crossing for James Center
The move to Two James Center will give the Boston-based firm and its 60 local employees more space as it also looks for more cohesion between its Richmond and Hampton Roads operations.
400 apartments planned for Northside site near Six Points
It’s one of two major housing developments Nashville-based Elmington is pursuing in Richmond and and, if approved, would be one of the highest-density lower income projects in the city in recent years.
Region’s newest brewery, Brainstorm Brewhouse, opens within Scott’s Addition meadery
There’s already been some cross-pollination between Brainstorm and Black Heath Meadery, which uses fermented honey. One of Brainstorm’s initial beers is Buzz Worthy honey lager.