The warehouse section is being razed to make way for parking for a new for-profit school, Stratford University.
Commercial Real Estate
Economy pushes Carytown’s evolution
The recession has not been kind to Carytown, Richmond’s historic shopping district. But a host of businesses are opening where others failed. Here is a slideshow that highlights a few of the recent additions and departures, as well as some changes to the scenery.
200 acres in Varina to be sold on courthouse steps
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.
160-unit complex planned near VCU
A Rhode Island developer wants to build a 160-unit apartment complex near VCU in Richmond.
Kansas company wants to buy Qimonda property
The former Qimonda plant in eastern Henrico County has a prospective buyer.
The Pipeline: Commercial Real Estate Round Up for 2.26.10
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 »
The Pipeline: Commercial Real Estate Round Up for 2.5.10
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.
Green building and adaptive reuse under one roof
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.
Less rent means lower appraisals
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.
When will condos rebound?
FHA rules, oversupply and looming shadow inventory are among the obstacles facing Richmond condo developers