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News
Middleburg, HGI Secure Construction Financing for 299-Unit Multifamily Development in Richmond
5+ mon, 1+ week ago (257+ words) RICHMOND, VA. — A joint venture between Northern Virginia-based developer Middleburg and affiliates of Harbor Group International (HGI) has secured construction financing for Scottwood, a 299-unit multifamily development located at 4400 W. Broad St. in Richmond. Truist Bank provided an undisclosed amount…...
Virginia Housing takes possession of Model Tobacco building after foreclosure auction
5+ mon, 2+ week ago (607+ words) Jonathan Spiers March 27, 2026 0 The Model Tobacco building at the center of imprisoned developer Chris Harrison’s legal troubles is now in the hands of the state’s housing authority, following a foreclosure auction held Thursday morning. Virginia Housing, the noteholder on a…...
OpenAI signs lease for huge East Bay building as tech dynamo expands
5+ mon, 2+ week ago (158+ words) RICHMOND — After recently securing a lease in Mountain View, OpenAI signed a lease for an industrial hub in Richmond, a deal that marks a fresh expansion for the artificial intelligence company in the Bay Area. Totaling 202,400 square feet, the building…...
Richmond housing market update: The Baby Boomer Effect
6+ mon, 1+ week ago (635+ words) RICHMOND, Va. — When Adrienne and Drew Cleveland decided to sell their home in Henrico's West End and relocate to Richmond's Northside, they quickly discovered what many buyers in the area already know: finding the right home in this market takes…...
Richmond expected to be among most competitive housing markets this year, Zillow analysis shows
8+ mon, 4+ day ago (256+ words) Richmond's housing market is expected to be among the most competitive in the country in 2026, according to a new analysis from Zillow. â Richmond's housing market is expected to be among the most competitive in the country in 2026, according to…...
Open House: Richmond’s highest-priced home sales of 2025
8+ mon, 2+ week ago (1125+ words) Jonathan Spiers December 31, 2025 0 The year in high-end home sales brought with it one of the largest purchase prices in metro Richmond in years, as well as plenty of transactions above the $3 million mark, including three off-market deals. A local law…...
Greenberg Gibbons Breaks Ground on $500M Midtown64 Mixed-Use Project in Richmond
8+ mon, 3+ week ago (370+ words) RICHMOND, VA. — Greenberg Gibbons has broken ground on Midtown64, a more than $500 million mixed-use development comprising 46 acres in Henrico County, located just outside downtown Richmond. Shamin Hotels is a joint venture partner for the project, which is being built on the…...
Industrial+park+near+Richmond+airport+sells+for+%24142M
10+ mon, 1+ week ago (356+ words) Industrial park near Richmond airport sells for $142M Rockpoint bought 8-building property from Equus Katherine Schulte //November 5, 2025// An eight-building industrial park near the Richmond International Airport in eastern Henrico County sold for $142 million, according to news releases this week. Boston-based real…...
Gagan Marwaha keeps buying Richmond-area office buildings. What's the plan?
10+ mon, 3+ week ago (52+ words) Marwaha got his start in real estate by buying single-family residential properties and then amassed a portfolio of apartment buildings in Petersburg totaling more than 400 units. Gagan Marwaha keeps buying Richmond-area office buildings. What's the plan? Watch 'The Jennifer Hudson…...
180 lower-rent apartments approved for Piney Knolls area in South Richmond
10+ mon, 4+ week ago (762+ words) Jonathan Spiers October 16, 2025 0 A rendering of the three-story apartment buildings planned for Refuge. (Images courtesy Lawson Cos.) Despite strong urging from city planners to deny the proposed plan, a project that would add 180 apartments for renters below the area median…...