Monday, December 17, 2007

Douglas Jemal: Going and Going and Going....

"...becoming Richmond's very own Trump," quoted yesterday from a posting in Urbanplanet.com regarding Douglas Jemal's recent purchases in Richmond, VA. This past week it seems as though the famed Jemal won the highest bid for, increasing his property ownership in Richmond, VA to 26 units. That may not seem like a lot so I thought I would run a tax record search for all properties owned by the local MEGA-MILLIONAIRE. According to the public records, his commercial ownership totals over 1.25 million square feet PLUS an estimated 1.9 million square feet more (the size of the buildings was not listed on the public record but the property description, zoning code and lot size are listed). Upon further research, it seems as though one of this assets may be the Chamber of Commerce building, the United Way building, as well as a 3.3 acre industrial site that seems to have been a bakery that burned down in 2002 (pending confirmation).

It looks like his reign is shall continue on...

2 comments:

GurlinthaCity said...

Yes, Douglas Jemal owns property in DC, MD, VA and NY and NJ. I applaud him for being a financial maverick and having his eye on DC expansion; However, this man milks his properties. He lost one of his celebrity tenants, the Washington Wizards because their offices leaked and were infested with mice (720 7th St). I will be coming out with a new article on Douglas Jemal this week, but check out the article on his latest move...Delivering a Pink Slip to Blake Esherick while serving time in prison. http://beltwaytalkabout.blogspot.com

Paul Hammond said...

We are hoping that the CNB building becomes the new Jamel Tower.