In a tight real estate market in a sought-after city, the inexact science of valuing Richmond’s 76,000 properties can leave owners and assessors at odds.
Assessing assessments: How some city property owners question valuations amid rising prices
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.
New residential infill projects abound on Cary St. stretch in the Fan
A wave of new development is in the works for one of the Fan’s main thoroughfares that’ll bring to the neighborhood dozens of new townhomes, duplexes, apartments and more.
Hamstrung by recent ruling, Scott’s Addition parking lot owner asks judge to reconsider
In an attempt to free up its Scott’s Addition real estate for redevelopment, a D.C.-based firm is questioning a Richmond judge’s ruling.
Yoga studio owner was winning bidder in auction for downtown’s Branch Building
The identity of the mystery buyer of the six-story, 158-year-old Main Street office building has been revealed.
New Fan restaurant Smoke & Barrel takes over for Lady N’Awlins
The concept is a change of course from what was initially planned for the building when the owners of New York Deli bought the building in September 2022.
Wealth management firm starts making its own real estate deals with Museum District acquisition
The firm financed the deal by raising funds from its clients, who are now part-owners of the building and will earn the lion’s share of the returns.
With its land up for sale, Legend Brewing in talks to sell recipes and other assets
“We want the brand to continue whether we continue it or if it ends up in someone else’s hands,” said Legend’s Dave Gott said. “The goal, ultimately, is keeping Legend Brown Ale and our products on the shelves. We’ve worked too hard to let it go by the wayside.”
Maryland developer under contract to buy Scott’s Addition site for 5-story project
The former Richmond Machinery & Equipment Co. site at 1701 Roseneath Road was previously eyed by locally based Blackwood Development in a deal that fell through.
Capital Square pays $11M for 2-acre Scott’s Addition assemblage
The Innsbrook-based firm has set a new high bar of $5.2 million for per-acre land grabs in the sought-after neighborhood. It’s planning a building of up to 8 stories for the site.
KavaClub strikes deal with VDH to begin serving controversial kava drink
After more than a year of legal and regulatory wrangling, KavaClub looks to finally be on its way to selling its namesake drink.