Residential Real Estate

Convicted schemer’s house goes on the block

While convicted local Ponzi schemer Donald Lacey does his time in the big house, his $1 million big house in Mechanicsville is up for auction later this week.

A tale of two subdivisions

Mount Hermon Farms and Hickory Hill offer two very different takes on the home-building business.

Tomac lands in another lender’s lawsuit

The Midlothian-based homebuilder was sued last week by Regions Bank for money owed on a defaulted multimillion-dollar line of credit.

Demand for construction begins to rebuild

Residential and commercial construction in Henrico and Chesterfield counties has rebounded from the nadir of 2009 but has not come close to regaining the steam of the go-go years, according to a BizSense analysis of building permit data.

On Your Right, Foreclosure No. 3

For four weeks now, Brick Smith has been driving investors or other bargain-hunters to look at foreclosed homes. It’s a new niche for the 25-year veteran Realtor. On a cold Saturday last month, Brick had an investor in his 30s sitting shotgun in his Lincoln. This particular investor, who did not give Richmond BizSense permission… Read more »

Riverfront condos slow to catch on

The two riverfront condo towers are around 50% occupied, according to a BizSense count. Note: After we published this story, Jack Berry, Executive Director for Venture Richmond, got in touch with us to give us some hard numbers. There are no unsold units at Riverside, and 10 unsold units at Vistas. We would like to… Read more »