City: Chesapeake

Commercial Real Estate Direct Staff Report The $124.6 million CMBS loan against a portfolio of 22 office properties with 1.32 million square feet in Virginia's Hampton Roads area has transferred to special servicing as it's expected to default. The loan's ...

REBusiness Online A company calling itself Chesapeake Industrial Park LLC has bought the Port of Virginia Distribution Center, a 334,881-square-foot industrial property in Chesapeake, Va., for $24 million, or about $71.67/sf. The seller was not disclosed. Cushman & Wakefield | ...

MRKT Capital has paid $61 million for three apartment properties with 472 units in Chesapeake, Va., and Elizabeth City, N.C. The Annapolis, Md., investor, which owns 12 apartment properties in Alabama, Mississippi and Virginia, bought the properties from Templeton Properties ...

Standard Communities has paid $68 million, or $113,903/unit, for Chesapeake Crossing, an age-restricted apartment property with 597 units in Chesapeake, Va. The affordable-housing division of Standard Cos. of Los Angeles bought the property, at 1921 Robert Hall Blvd., from Boyd ...

Commercial Observer Greystone has originated a $24 million loan, under the Department of Housing and Urban Development's 223(a)(7) program, against the 190-unit Tapestry Park Apartments in Chesapeake, Va. The 40-year loan allowed the property's owner, Baron Realty Advisors, to refinance ...