Mercer Street Partners, whose other local deals have been for apartments and a stake of Common House social club, now has a small downtown office building in its portfolio.
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‘The lease that will go down in history’: Documents reveal details of ill-fated VCU Health development deal
A risk analysis of the deal, which last week drew added scrutiny from Gov. Glenn Youngkin, said the lease “was horribly one-sided, and certainly not what any of us would have recommended as a starting point for a complex transaction such as this.”
Evolving Spaces: Makeovers for GRTC transfer plaza, Lee Circle and 17th Street Market (Guest Commentary)
Our town has architectural depth that can translate into century-old places being repurposed. It’s a mark of Richmond’s age, economics and shifting civic values.
Richmond-reared Lewis Strauss brought to life by Robert Downey Jr. in ‘Oppenheimer’ (Guest Commentary)
Who was Lewis Lichtenstein Strauss Jr.? Aside from being Robert Oppenheimer’s adversary, what most Virginians don’t know is that Strauss was reared in Richmond’s Fan District.
The Pipeline: Commercial real estate roundup for 8.18.23
Henrico has the two top transactions: the $4.1 million sale of two buildings in Innsbrook and a 28,800 square-foot lease. (BizSense Pro subscription required)
Highland Springs apartment community set to double in size with $58M project
Oliver Properties is about halfway through the upgrade and expansion of its Highland Woods Apartments, near the old Highland Springs High School.
Planned 84-acre industrial park near Oilville would cross Goochland-Hanover line
The 14-lot park is one of two industrial rezonings to be voted on by Goochland supervisors today, along with Crescent Communities’ plan for two new spec buildings near Rockville.
City releases proposed rule changes for Airbnb-style rentals
The proposed changes have been in the works since early last year and planned since the city adopted its current rules in mid-2020.
The Docket: Local court roundup for 6.29.23
A technology consulting firm says it is owed $700,000 under a 2020 professional services agreement. (BizSense Pro subscription required)
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.