A Cleveland-based real estate firm has farmed out management of some its Richmond-area holdings to local brokers after years of keeping it in-house, while a new set of brokers have been tapped to lease up a new mixed-use development in Henrico.
Commercial Real Estate
Downtown alley spat leaves hotel developer hunting for new site
An unresolved dispute over a downtown alleyway has forced a local developer to scrap his plans for a 10-story hotel near Shockoe Slip.
Year-old Manchester development sells for $5.5M
As they ready the next wave of construction at their Manchester Park development on the Southside, Charles Macfarlane and Ben Adamson have unloaded the project’s first phase barely a year after it was completed.
UMFS taps Spy Rock for mixed-use campus development
A local foster care nonprofit is moving forward with its plan to redevelop parts of its West Broad Street campus, enlisting a developer for a mixed-use section that’s already active in nearby Scott’s Addition.
Insurer winding down in Innsbrook
A large insurance company is shutting down operations of its main Virginia brand and will close its 52-person office in Innsbrook.
National construction company moving local office to Scott’s Addition
Another company is leaving the suburbs for Scott’s Addition, as a new development in the neighborhood has landed its third tenant.
Thalhimer sues Cherry Bekaert over MGT losses, seeks $28M
Local real estate giant Thalhimer is pointing a finger at a major Richmond accounting firm for not catching the financial issues and fraud that preceded the collapse of its general contracting arm, MGT Construction.
Local developer part of group vying for medical cannabis license
Looking to take his business portfolio to new heights, a prominent Richmond real estate developer is getting behind an effort to bring one of the state’s first medical cannabis dispensaries to Richmond.
Two former local Ruby Tuesday properties sell to Dallas buyer
A Texas real estate firm has lassoed a pair of shuttered restaurant buildings in Henrico County for a combined $4.3 million.
$500M mixed-use project getting more scrutiny in Hanover
A massive mixed-use development in the works in Hanover is prompting county officials to request more time for review. A public hearing is scheduled for the county planning commission’s 7 p.m. meeting tonight on The Lake District at Glen Allen, a 323-acre mixed-use development proposed by Virginia Beach-based Boyd Homes. County planning staff is requesting… Read more »