The seller, locally based Levco Management, had purchased the buildings and their 126 units between 2015 and 2018 for a total of $18.5 million.
Three-building downtown apartment portfolio sells for $29M
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 brewery in the works on Patterson in western Henrico
WayGone Brewery will open in the Canterbury Shopping Center next spring and will be the region’s 47th brewery.
Lee School Lofts in Museum District now on third owner after $10M sale
“We love these older, pre-war deals that are well-constructed to a standard that just can’t be replicated in the modern economy,” the buyer said.
Thalhimer unloads industrial park in Ashland for $41M
“Sometimes you got to sell. The market just seemed too frothy for us,” said Mark Slusher, principal at Thalhimer Realty Partners.
Stratford Hills to get a Sheetz
A building at the Southside shopping center will be razed to make way for the gas station and convenience store chain’s latest outpost.
Can Can owners expand downtown with new cafe in Library of Virginia
“Bringing that same (coffee) service in a gorgeous space with great Wi-Fi is kind of our offering to that business community,” said co-owner Paul Kincaid.
Owner of the Fan’s El Pope restaurant opening brunch spot up the street
“It’s going to be a completely American classic brunch,” Mario Alvanes said of his new venture, The Nest Brunch Cafe.
WRIR buys new HQ in Shockoe Bottom
“Our current space is tiny and rather inaccessible. We have 20 rickety, like, Victorian death stairs to go up,” said Melissa Vaughn, president of the nonprofit that operates the radio station.
New-to-market hotel brands to rise off Gaskins and in Short Pump
Echo from Wyndham and Marriott’s Element concept are set to check into the Richmond region for the first time.
Canon & Draw Brewing in the Fan permanently closed
“We were never able to get back the people that we had before COVID,” said owner Brad Cooper of pulling the plug after a four-year run.