The 30th installment of Richmond BizSense’s Hard Hat Happy Hour, presented by Sands Anderson, brought a crowd of 300 to get a glimpse of the massive redevelopment of the former Laurel Park Shopping Center.
Commercial Real Estate
Richmond Fed vacates West Creek complex, lists property for sale
Built in 1997 for furniture company Heilig-Meyers, the property houses a 6-story, 200,000-square-foot office that the Richmond Fed had used mainly for its IT staff.
Assessing assessments: How some city property owners question valuations amid rising prices
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.
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.
Downtime: Pairing wine and real estate
Justin Ferguson has found that his day job as an investment sales associate with Marcus & Millichap blends well with his taste for Bordeaux and Chardonnay.
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.
Performance Food Group in lease dispute with landlord of Henrico warehouse
A lawsuit shows how a two-decade business relationship has soured between Performance Food Group and the landlord of the company’s Henrico distribution center.
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.
Local real estate finance firm hunts for deals after lining up $50M war chest
The Innsbrook-based company said it was recently tapped to be the steward of a $50 million pool of outside capital that’s to be put entirely into commercial real estate transactions.
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.