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March 25, 2020  

Builder Lists Apartments in Virginia

A developer is pitching a luxury apartment building in Richmond, Va.The 212-unit property, at 505 Porter Street in the trendy Manchester neighborhood, could attract bids of about $50 million, or $236,000/unit. Berkadia is representing the owner, a joint venture between local developers CMB Development and Purcell Construction.The 10-story building, known as River’s Edge at Manchester, was completed in 2018 and is 97% occupied. Units average...

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