An $11 million sale in Richmond and 80,636 square feet leased in Ashland top the transactions. (BizSense Pro required)
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Lighthouse Labs kicks off latest accelerator class with new director at the helm
Debbie Irwin is Lighthouse Labs’ fourth managing director in as many years. The group has just begun its 17th accelerator session since its launch 12 years ago.
Business improvement district in the works for Carytown
Similar to the downtown and Manchester assessment district, the Carytown district would charge businesses a fee for enhanced city services and could provide a template for other commercial corridors.
32 townhomes planned for Short Pump site once envisioned for office use
The four-story townhomes are a change from an earlier plan that called for an office development to support the larger Bacova community.
Demo starts at blighted motel site planned for VUU expansion
The work signals the start of a mixed-use development that VUU has planned for the 1-acre site, which it purchased five years ago for nearly $3 million.
Local investor Marwaha makes another empty-office building gamble
For the second time in as many years, Gagan Marwaha saw a totally empty office building as an opportunity. “We don’t go buy stabilized assets,” he said.
The Pipeline: Commercial real estate roundup for 6.7.24
A $5.75 million purchase of an office building in Chesterfield and a 46,000-square-foot lease in Henrico are the top transactions. (BizSense Pro required)
The DeedBook: Local property transfers for 6.7.24
The $54.5 million sale of industrial property in Chesterfield is the top transfer. (BizSense Pro required)
$6M land deal tees up 100 condos at Broad and Gayton
Stanley Martin Homes recently purchased 4.3 acres at West Village, the 12-acre, $50 million development at the northwest corner of Broad Street and Gayton Road, where it’s approved to build the two-over-two units.
Project with 530 residential units planned for site near Westchester Commons
The project would rise on 43 acres at the corner of Huguenot Springs Road and Midlothian Turnpike next to The Aire at Westchester, which will bring with it an additional 2,200 homes.