Two local restaurant owners are expanding their business with a new concept launching soon in Shockoe Bottom. They also have plans to expand in California with help from a Richmond native and NBA player.
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Trip to the beach sparks Richmond merger
A chance encounter helped kindle the deal between a downtown financial firm and a buyer in North Carolina.
Trading Day: Local SEC filings for 8.14.14
The COO of a local company resigns. A downtown Fortune 500 loses a director. And a local bank director gives a gift of shares to a Virginia university.
Buyers spend big on local pharmacies
Two Walgreens drug stores sold in July for a combined $15 million, evidence of the high demand and price tag for real estate with a dependable single tenant.
Breaking Ground: Local building permits for 8.13.14
Permits for demolition of a downtown nightclub and a Henrico County motel. Warehouse work continues in Chesterfield County, and a new $5 million building is planned on Cowardin Avenue. Go BizSense Pro to see the full list of latest projects.
Demand meets supply in Scott’s Addition
The first leg of a new Scott’s Addition apartment project is already fully leased before finishing construction, a promising sign for the developers that have invested millions in revamping the industrial neighborhood.
Buyers hone in on $21 million retail deals
A Virginia Beach REIT has a Colonial Heights shopping center under contract for $19M, and a Maryland real estate firm recently closed a deal for a retail strip in the city.
Foreclosures: 8.11.24
A property in downtown Richmond is on the foreclosure docket. Chesterfield county has the highest property on the block for over $600,000 and the lowest price home at under $24,000. The full list for BizPro members.
City thirsty to lure Calif. brewery
In a special session on Tuesday, the Richmond City Council introduced legislation that could make room for a massive facility for Stone Brewing Co. near Rocketts Landing.
Work space startup looks to multiply
A company that rents out space in a mixed-business shared office is searching Richmond for a second location. It has narrowed down its focus to the Fan, Scott’s Addition and Short Pump.