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CoStar Group expands presence in Richmond
Commercial real estate information and analytics company CoStar Group Inc. announced Tuesday it has subleased an additional 51,000-square-foot office space in Richmond. More than 200 staff members are expected to be based on the ninth, 10th and 11th floors of the Riverfront Plaza East Tower at 951 East Byrd Street, less than a mile from […]
Baltimore company acquires Richmond architecture firm
Baltimore-based MCA Architecture announced Tuesday it has acquired KOP Architects of Richmond. Financial terms of the transaction were not disclosed. MCA already has offices in Pennsylvania, Maryland and Virginia. It will close its current Reston location and consolidate the two Virginia offices in Richmond. MCA will gain clients including Virginia Commonwealth University, VCU Health, the [&hellip[...]
Richmond convenience store operator to acquire 61 locations in Mich., Ohio
Richmond-based convenience stores owner and operator GPM Investments LLC announced Monday it has signed an agreement to acquire 61 ExpressStop convenience stores with gas stations in Michigan and Ohio. Financial terms of the transaction were not disclosed. The acquisition will add to GPM’s existing 165 stores in Michigan and nine in Ohio. GPM Investments is […]
Richmond property sells for $1.9M, leased to Starbucks
A Richmond property located at 2305-2309 West Broad Street sold for $1.9 million and was subsequently leased by Starbucks Corp. Lee Hall Plaza Inc. purchased the property, which includes 3,256 square feet sitting on 0.55 acres of land, from J.W. Willis. The parcel is located across the street from the Virginia Department of Motor Vehicles’ […]
Dominion joins initiative to create electric vehicle charging network
Dominion Energy Inc. and five other major utilities announced a plan Tuesday to create a network of charging stations for electric vehicles across major highway systems stretching from Washington, D.C., to Chicago to West Texas and the Florida Heartland. The newly announced Electric Highway Coalition — made up of American Electric Power, Dominion, Duke Energy […]
Richmond council clears way for $325M VCU Health project
Richmond City Council approved the sale of the city’s Public Safety Building on Monday, clearing the way for a $325 million VCU Health System medical office tower and multi-use project downtown. Council members unanimously approved the 3-acre property’s $3.5 million sale to Capital City Partners LLC, a collaboration between Michael Hallmark of Los Angeles-based Future […]
Richmond office building sells for $29.5M
An office building in downtown Richmond has sold for $29.5 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Friday. The 140,573-square-foot Edgeworth Building is located at 2100 East Cary Street and was once a tobacco factory. It is 95% leased to Hirschler, RK&K, Ernst & Young and HKS Architects. Originally built in 1925, […]
Richmond confirms six eligible bids for casino, seeks public input
Place your bets. Richmond Mayor Levar Stoney’s office confirmed Friday that the six casino proposals made public this week all submitted proposals that are eligible for consideration by Richmond City Council and voters. The city also revealed the proposed locations for all six plans. Bally’s Corp. and Golden Nugget Hotels & Casinos are interested in […]
UPDATED: Golden Nugget, Wind Creek enter proposals to build Richmond casino
Updated 3 p.m., Feb. 24 Joining at least four other groups competing to be chosen as Richmond’s choice for a casino operator, bids from two other casino companies were made public Wednesday. Houston-based Golden Nugget Hotels & Casinos has proposed a $400 million casino project about six miles from downtown, and Wind Creek Hospitality, affiliated […]
UPDATED: Richmond now has six major casino proposals
Updated Feb. 26 The city of Richmond is now considering six casino proposals, the mayor’s office announced Friday. Monday afternoon was the city’s deadline for its request for proposals, and all six submitted were deemed eligible. Starting next month, Richmond will hold public meetings with opportunities for citizen input. In addition to the Pamunkey Indian […]
Greater Richmond Partnership taps new CEO
Greater Richmond Partnership’s board announced Monday that Jennifer Wakefield, the regional economic development organization’s interim leader, has been chosen as its permanent president and CEO, effective immediately. Wakefield, who previously was chief operating officer and served twice as the partnership’s interim president, joined GRP in 2017 as its senior vice president of m[...]
Toronto acquisition firm buys Richmond software company
Volaris Group, a Toronto-based buyer and operator of vertical market software companies, announced last week it has acquired Richmond-based educational software company SoftChalk LLC. Financial terms of the transaction were not disclosed. Using the SoftChalk platform, instructors can develop custom course materials and interactive content, including quizzes and annotated text. “The team at Volar[...]
