Two years after buying and immediately selling an old Scott’s Addition building, a local developer has bought the same property back with a plan to use its tried-and-true formula of revamping it into modern office space.
Commercial Real Estate
Markel | Eagle closes out $33 million fund
Fresh off the successful flip of the former Circuit City headquarters in Henrico, a real estate-hungry local private-equity firm has a new eight-figure war chest to put into play. It now has raised a total of nearly $150 million in four funds since 2010.
Art-Deco Model Tobacco property slated for 275 apartments and beer garden
A Maryland-based developer is weeks away from closing on a purchase and beginning his planned resurrection of a long-dormant tobacco factory on the city’s Southside.
Beer-friendly coworking spaces push back at ABC
After a crackdown by the state’s alcohol regulator forced it to shelve its happy hours, a local coworking brand looks to the General Assembly for help.
Topgolf’s Richmond property sold to investment firm
The $25 million golf and entertainment venue will have a new landlord when it opens later this year on Westwood Avenue.
Bulk of White Oak Village up for grabs
Eastern Henrico County’s largest open-air shopping center has been put on the market.
Local ad agency opens beach outpost
New client work in the Hampton Roads area is prompting a longtime local marketing firm to expand its footprint there.
Chicago law firm eyes growth in Richmond
With a bullish view on its business prospects in Richmond, a Chicago-based midsized law firm has signed on for a new, larger office downtown.
Former Wells Fargo branch to be redeveloped into Chesterfield Plaza
After sitting vacant for nearly six months, the site of a shuttered Chesterfield bank building is slated for a makeover that will include a Starbucks and a national dentist office chain.
Former Circuit City HQ trades for $56M
The Massachusetts-based owner of the riverfront WestRock/Costar building downtown has made an eight-figure move into Henrico, while helping secure a successful exit for a local private-equity firm.