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Buyers spend big on local pharmacies

Buyers spend big on local pharmacies

Burl Rolett August 12, 2014 0

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

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Owner plans to revamp foreclosed apartments

Owner plans to revamp foreclosed apartments

Burl Rolett August 12, 2014 0

A Maryland real estate company focused on turn-around projects bought an 11-acre Northside complex for $4.6 million with plans to get occupancy on par with other nearby apartments.

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Demand meets supply in Scott’s Addition

Demand meets supply in Scott’s Addition

Burl Rolett August 12, 2014 1

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.

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Another out-of-town bank is hot for Richmond

Another out-of-town bank is hot for Richmond

Michael Schwartz August 12, 2014 0

Chesapeake-based Monarch Bank is expanding in Richmond with the addition of a commercial lending veteran, demonstrating banks' continued hunger for Richmond revenue.

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Buyers hone in on $21 million retail deals

Buyers hone in on $21 million retail deals

Burl Rolett August 10, 2014 0

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.

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Prison health firm breaks out of state contract

Prison health firm breaks out of state contract

Brandy Brubaker August 10, 2014 0

A Tennessee company has ended its contract with the Virginia Department of Corrections to provide healthcare in more than 15 correctional facilities. The move will affect 134 workers at a local prison

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Law firms swarm big Richmond mergers

Law firms swarm big Richmond mergers

Michael Schwartz August 10, 2014 0

Acquisitions in the works by a local bank and Fortune 500 company are being targeted by class action law firms from around the country, seeking to block the deals or force settlements

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Builder, neighbors find common ground for trees

Builder, neighbors find common ground for trees

Brandy Brubaker August 8, 2014 0

With a battle over trees resolved, a local builder is ready to get the bulldozers humming at a new a Southside residential development

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Retailer rebrands Southside store

Retailer rebrands Southside store

Burl Rolett August 7, 2014 0

A discount retailer gave one of its Southside stores a facelift last week

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Uber gets rolling in RVA

Uber gets rolling in RVA

Michael Thompson August 7, 2014 0

After a bumpy start in Virginia, the San Francisco-based ride sharing company began operating in the Richmond market on Wednesday

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