Two hundred acres of farmland with a stretch of James River waterfront will be auctioned off March 25, the result of a foreclosure of one of Richmond’s biggest home builders.
Commercial Real Estate
A Rhode Island developer wants to build a 160-unit apartment complex near VCU in Richmond.
The former Qimonda plant in eastern Henrico County has a prospective buyer.
Thalhimer reports the following deals: RJW6, LLC purchased the approx. 4,800 sq. ft. industrial property at 2709 Willard Road in Henrico from John Jen, LLC for $340,000 and will operate their business, Mosquito Squad of Richmond, at this location. Boushra F. Mikheal purchased the approx. 12,000 sq. ft. retail building situated on 1.25 acres at… Read more »
Three Way Logistics leased 85,420 square feet at 4810 Eubank Road in Henrico. And HR firm Staff Focus Consulting leased 15,650 square feet at 4198 Cox Road in Henrico.
Developer David Gammino has moved onto his next apartment project—a historic property in Jackson Ward. Gammino isn’t making it easy on himself by using green building and historical preservation techniques at the same time.
The value of existing commercial real estate in Chesterfield County dropped an average of 6.4 percent or $418 million last year, according to the county assessor’s office.
FHA rules, oversupply and looming shadow inventory are among the obstacles facing Richmond condo developers
A Shockoe Bottom apartment complex is scheduled to be auctioned on the courthouse steps Feb. 9.
New rules on how builders must account for runoff that eventually flows into the Chesapeake Bay will have to go through another comments period. The development community has resisted the new standards, which they say will make costs prohibitive just as the industry is trying to recover from the recession. The rules are intended to reduce pollution in the Bay.