A media giant denies owing a Richmond CRE firm a commission on the $13 million sale of the former Media General headquarters building on East Franklin Street.
Commercial Real Estate
2 buildings done, 14 to go for Northside apartment rehab
A distressed apartment complex is beginning to turn around with a $15 million upgrade.
New branding studio opens downtown
A firm that does everything from branding and photography to interior design and copywriting has launched a storefront on West Broad Street.
Riverside Manchester office building fetches $4M
One of the earliest redevelopments in the ongoing revival of the neighborhood has a new owner.
Salomonsky, White sell downtown complex for $6M
Correction: An earlier version of this story incorrectly stated that Ralph Reahard helped structure the deal for 1321 1/2 E. Main St. His firm will be leasing and managing the property, but did not broker the deal. A group of out-of-town investors has grabbed a piece of downtown at the edge of Shockoe Bottom. An… Read more »
Developer eyes Manchester church property
Two suitors are lined up for a troubled Manchester church’s sizable real estate holdings, including a prominent local development company. Genesis Properties is one of the potential buyers in talks with bankruptcy trustees to purchase the Richmond Christian Center real estate portfolio, which amounts to 16 parcels in the Southside neighborhood, most notably its main… Read more »
Short Pump Town Center owner selling stake
A firm from Down Under is set to grab a larger share of the Richmond region’s busiest mall.
Facebook plans $1B data center in Henrico
The deal has been working its way clandestinely through the county’s economic development office under the codename Project Echo.
Owners of Millie’s, Lulu’s acquire 5 buildings in the Bottom
A pair of well-known local restaurateurs are trading in their rent payments for a full mortgage by purchasing a swath of properties fronting the 17th Street Farmers’ Market.
Rental complex in Chesterfield sells for $37.5M
Two months after a pair of multifamily properties south of Richmond both sold to out-of-town buyers, another sizable rental community has been snatched up.