One South Commercial reports the following deals: BRT3 LLC purchased 316 Brook Road in Richmond for $500,000. Ann Schweitzer represented the buyer and Ryan Rilee represented the sellers. Richmond Union LLC purchased 2308 M St. in Richmond for $870,000. Katy Foucar-Szocki and Justin Sledd represented the seller. Have Site Will Travel reports the following deal:… Read more »
Commercial Real Estate
A $1.9 million land buy has sucked the veil of secrecy off a large code-named industrial project in Chesterfield County.
A downtown wealth management firm’s real estate investment spinoff has closed out its latest eight-figure fund – and already is putting the money to work.
A Florida-based real estate firm with an appetite for suburban office space has added to its holdings in Henrico.
With a buyer lined up, the family behind one of the largest and most visible manufacturing sites on the city’s Southside has a deal in the works to rezone the property and clear a path for potential redevelopment.
A Richmond developer has parted ways with one of its East End assets. Fulton Hill Properties last week sold The Lofty apartment complex at 3618 and 3626 E. Broad St. for $6.6 million, confirmed Jon Ondrak, the real estate company’s chief operating officer. The transaction, which closed June 14, had not been recorded in the… Read more »
A delayed vote Monday has put the city and Bon Secours Richmond at risk of missing an agreed-upon July 1 deadline to decide the fate of the former Westhampton School property — and it’s unclear what the consequences could be.
A hired gun of sorts is being brought in by the trustee overseeing the bankruptcy case of MGT Construction, as the hunt continues for assets to repay creditors of the defunct local general contractor. Harry Shaia, the Chapter 7 trustee tasked with recovering money to fill MGT’s eight-figure debt hole, in a filing last week… Read more »
One year after completing renovations to a portfolio of apartments once owned by a notorious Richmond landlord, a local development company and its Boston-based collaborator have sold the portfolio’s flagship property and are on track to cash in on the rest.
After initially taking things slow, the city is ready to ramp up discussions on replacing the aging arena and redeveloping much of the surrounding acreage.