“We feel there’s a growing scarcity of industrial properties, especially within the urban ring,” Noll said. “It’s the not-pretty side of real estate.
Industrial site near VUU sells to C’ville firm for $3M
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.
The Veil Brewing Co. ready to unveil new Scott’s Addition taproom
The building had once been planned for a food hall but is now home to The Veil and Nokoribi, a Japanese restaurant from the ownership group behind Longoven.
Burger pop-up looks to be a smash with new Northside restaurant
After years of flipping burgers on temporary grills and folding tables in parking lots, a local pop-up restaurant is making the jump to brick-and-mortar.
Coca-Cola warehouse in Chesterfield sells for $37M
Bailard, Inc. a San Francisco-based investment firm, is the new owner of the 350,000-square-foot facility, which was built last year by Red Rock Developments and Westport Capital Partners.
250-unit Grove Ave. apartment project gets thumbs up from Planning Commission
After neighborhood feedback the developer tweaked the design, which reduced the number of apartments from 260 to 253, and the number of parking spaces from 335 to 330.
Lawsuits piling up for shuttered home renovator Fabling Built
At least three lawsuits and eight warrant-in-debt actions have been filed against the company since its sudden closure on March 15. Clients and subcontractors thus far say they’re owed more than $200,000.
‘Undeniably the biggest challenge’: Richmond developers reckon with rising interest rates
The spike in loan rates that began in 2022 has prompted some real estate developers to rethink their math, leading some to delay construction on previously announced projects in the Richmond region or, in some cases, to put project sites back up for sale.
Bellevue apartments next to Samis Grotto Temple sell for $4M
The 36-unit complex is adjacent to the former Samis Grotto Temple at 4028 MacArthur Ave., which is slated for a mixed-use renovation after selling to a pair of local developers in January.
N.C. buyer drops $8M for 2-acre Manchester site and an acre near The Diamond
Raleigh-based PRMS Investments has made a splashy entrance into the Richmond market, buying land in two of the city’s hottest areas.
Grove Ave. commercial strip sells for $6M
A Libbie-Grove-area commercial strip is in the hands of new owners, a group that’s pondering possible redevelopment of the property in the future.