A chunk of downtown office space totaling nearly 1 million square feet has landed on the auction block. The James Center, consisting of three towers at 901, 1021 and 1051 E. Cary St., is scheduled for a March 8 foreclosure auction on the courthouse steps, according to a legal notice, after the buildings’ owner defaulted… Read more »
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‘Modest Project’ continues Manchester’s commercial streak
Hull Street fever is spreading further through Manchester. The Plains Management Co., based out of Plains, Virginia, is renovating three buildings at 1309-1315 Hull St. with plans to add four commercial spaces and 14 apartments. The properties sit just a storefront away from builder RJ Smith’s Urban Charm development, which will add another four commercial… Read more »
Pizza chain warming up for move into Richmond
Two sibling veterans of the pizza industry are looking to deliver a fresh batch of locations to the Richmond market. Brothers Garry and John Fitchett signed an agreement in December to open or develop 25 Firenza Pizza locations in Virginia and North Carolina over 10 years. While no locations have been finalized, Richmond could see… Read more »
CRE panel gauges the market
The outlook looks strong, though maybe not very strong, for Richmond’s commercial real estate market. That was the general consensus from the panel at Greater Richmond Association for Commercial Real Estate’s 2016 Market Review event Tuesday evening. Held at the Westin on West Broad Street, the annual event was a record-breaker for GRACRE this year… Read more »
12 townhomes to add to Manchester riverfront
In one of the first non-apartment new real estate developments to hit Manchester during the Southside neighborhood’s recent rush of construction, a local developer has townhouses on the drawing board.
Group of lawyers switches firms
About a quarter of a downtown firm’s attorney workforce has jumped over to a larger local company to help grow its healthcare practice.
Richmond BizSense presents: Hard Hat Happy Hours
Bringing together movers and shakers in the commercial real estate world, Richmond BizSense is proud to introduce a new event series that will give a sneak peek at some of Richmond’s most buzz-worthy developments.
BofA tower fetches $42M
The Bank of America Center’s sale has been closed at about $42 million, the fourth major downtown office deal in the past couple of months.
Local brewery jumps into Stone territory
A startup brewery with a small location on Foushee Street is taking a big leap with a new production facility and taproom planned near Stone Brewing’s upcoming complex.
Buyer scoops up more Chamberlayne apartments
A New York-based buyer has added to his portfolio of apartments along Chamberlayne Avenue, adding fuel to Richmond’s already on-fire multifamily market.