A Manchester apartment building has been picked up by a New Jersey-based buyer, marking the real estate investment firm’s entry into the Richmond market.
Commercial Real Estate
Lingerfelt acquires Florida hotel for $24.7M
The local real estate firm continues to add to its holdings in the Sunshine State, picking up a dual-branded Hilton Garden Inn and Homewood Suites hotel.
New York buyer picks up Northside apartments
Joining a growing list of out-of-town investors tapping into the local real estate market, a New York firm has marked its entry into Richmond with the purchase of an apartment complex near VUU.
Former Masonic lodge building eyed for apartments
An apartment rehab in Jackson Ward is breathing new life into a century-old building.
Apartments eyed for metal recycling site
A plan to transition the Brook Road-Chamberlayne Avenue corridor near Virginia Union University into a mixed-use village is getting a boost with a rezoning for a 200-unit apartment complex.
Atlee retail center set to go vertical
The retail component of a planned mixed-use development in suburban Hanover County is set to begin construction in coming months.
Property management firm picks up Fredericksburg peer
A local property management firm is extending its network of rental home offerings northward after acquiring a military-focused Fredericksburg company.
Developers abandon Tobacco Row condo project
After nine months and no sales, a high-end condo tower envisioned at the end of Tobacco Row has been scrapped.
WestMark office complex sells for $45M
A pair of Innsbrook office buildings that have hosted some of Richmond’s biggest corporate names has been picked up by a Salt Lake City real estate investment group.
Historic rehab tax credits face cap
Developers pursuing higher-dollar rehabs of historic buildings will be limited this year in the amount of state tax credits they can receive for their projects