Bowing to pressure from outspoken investors, Medalist Diversified REIT added one of its largest shareholders to its board of directors. Calls for a new CEO are still circulating.
Commercial Real Estate
VCU adds BookHolders building to its real estate collection with $3M deal
As its health system juggles the fallout from a failed downtown development deal, VCU’s real estate division remains in deal-making mode with a new acquisition around its Monroe Park campus.
Fueled by massive Amazon project in Henrico, contractor opens first Richmond-area office
After building Amazon’s newest local fulfillment center, the Maryland-based construction company recently announced the opening of a 4,800-square-foot office at 3810 W. Broad St.
Game on in Henrico: County marks start of Regency pickleball venue, lands A-10 women’s basketball tourney at VCC
A double play of sorts for Henrico recreation and sports tourism played out over the course of four hours Tuesday.
Bidding extended for auction of part of former Goochland golf course
The potential sale of part of a former Goochland golf course is coming down to the wire, albeit two weeks later than planned.
Manchester apartment complex sold for nearly $15M
Marking a bright spot amid a recent slowdown for local apartment sales, The Mill at Manchester sold earlier this month around $211,000 per door.
Finger-pointing, default notices preceded VCU Health’s costly project exit
The doomed downtown development that has ended up costing VCU Health at least $80 million to exit appears to have been ill-fated nearly from the start, documents show.
New land-use plan in the works for area around Chippenham and Iron Bridge interchange
Following similar efforts in the areas around Rockwood Park and the former Southside Speedway, Chesterfield County is working on new guidelines for the future transformation of a swath of property around the Chippenham Parkway and Iron Bridge Road interchange.
Chabad of Virginia becomes its own landlord at VCU center
The nonprofit recently purchased 1003 Grove Ave. for $1.3 million. It has occupied the 172-year-old house just over a year, operating its Jewish Life at VCU center there.
Owner of HandCraft building in Scott’s Addition looks to similar project in Westwood area
“It’s been totally gutted right to the four walls,” said Jay Nichols. “There’s not another building built like it in Richmond. It’s solid as a rock.”