“Multifamily (housing) weathers recessions really well, especially B-grade multifamily, and that’s what we do.”
Scott’s Addition-based real estate firm spends $48M for Texas trio of apartment properties
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.
Car wash chain bets big in Richmond during coronavirus
A national car wash brand’s local operators have dropped nearly $5 million in recent weeks for two new sites: one near The Diamond and the other in the suburbs.
VHDA ponders new 100,000-square-foot office on Belvidere
The state agency is eyeing some development of its own at its downtown headquarters. However, the pandemic has thrown a wrench into the plans.
New Richmond pharma startup aims to shore up U.S. generic drug supply
Armed in part with an initial $6 million in government funding, Phlow Corp. is led by Kaleo co-founder Eric Edwards and Frank Gupton, chair of the Department of Chemical and Life Sciences at VCU’s College of Engineering.
Project Snapshot: Veil Brewing-anchored development takes shape in Forest Hill
A brewery-anchored project on the Southside is eyeing a summer finish line, the same time many Richmonders are hopeful for an ending of social distancing guidelines.
‘You can only guess’: Richmond’s wedding industry braces for coronavirus impact
In a normal year, local event venues, photographers, cake makers, dress shops and others in the wedding industry would be gearing up for their busy season. But this is anything but a normal year.
New brewery to blossom at New Kent Winery
Grain and hops are joining grapes and tannins at one of the region’s biggest wineries.
National construction firm signs on as latest tenant in Sauer Center
The company will move from Manchester and join CarMax, IT firm SingleStone, education company Great Minds in the Whole Food- anchored development.
No deals at latest auction of Hild properties
With bid prices affected by the coronavirus scare, the sellers rejected all the offers that came in during the week-long online auction, which had been pre-approved by federal prosecutors overseeing Michael Hild’s pending criminal case.
Starbucks on Grove Ave. shuttered permanently
The storefront is owned by local developer and landlord Charlie Diradour. Starbucks had been in the space since 2007.