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CoStar to build 26-story office tower in downtown Richmond

By The Associated Press

RICHMOND, Va. — Real estate information and analytics firm CoStar Group plans to invest $460 million to expand on a new campus in Richmond that will include a 26-story office building, Gov. Ralph Northam announced.

The Richmond Times-Dispatch reports the new campus includes 750,000 square feet of new office and retail space and is expected to add 2,000 to 3,000 new jobs.

The company’s founder and Chief Executive Officer Andrew Florance said construction is set to begin some time next year and be completed by 2024.

The new tower will be 510 feet tall, surpassing the James Monroe state office tower to become the city’s tallest skyscraper.

Should you buy a house with cash?

By U.S. News & World Report
High mortgage interest rates may have you exploring alternative ways of buying your home that don't require a loan. And while the competition for a new home may not be what it was in 2021, for the right home you may still need to work to get a leg up on the competition. If you have the means, an all-cash offer is a great way to fast-track a deal and avoid the additional costs that come with a mortgage. A seller is more likely to accept your offer, and the success of the deal isn't reliant on a lender's OK following an appraisal. You'll also own the home outright after the transaction with no mortgage to pay each month.
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