Commercial Real Estate

A local investor tied to a Richmond tobacco giant is betting big on a neighborhood in the throes of a debate over development.

More than a dozen people spoke in opposition of the special use permit required for that project, while five people spoke in favor of the redevelopment plan, which now goes to city council.

One of the few remaining warehouses in the East End with historic tax credit rehab potential is under new ownership after a local real estate firm quietly took a roundabout route to snag the site.

At least five apartment complexes in the county changed hands last month, in deals totaling nearly $90 million and encompassing more than 860 units.

McCann Realty Partners beat out nearly two dozen local and out-of-town offers on Hickory Creek, a 294-unit, 32-year-old complex of one- and two-bedroom apartments at 2344 Hickory Creek Drive.

The Fahrenheit Group, which provides accounting and finance consulting, business advisory services and talent acquisition, plans to move its headquarters this summer to the redeveloped HandCraft Cleaners building at 1501 Roseneath Road.

For its third move in three years, a tech company is joining the swarm in Scott’s Addition, in a building being revamped by a prominent Richmond real estate firm.

The last substantial piece of imprisoned local developer Billy Jefferson’s holdings was purchased by the same companies that purchased his River City Renaissance portfolios last year.

A lighting, rug and furnishings seller has fully powered up its recently constructed headquarters, freeing up some prime real estate near The Diamond in the process.