David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
City: Mobile
Berkadia Writes $40Mln Freddie Mac Loan for Ala. Apartments
Berkadia has provided $40 million of Freddie Mac financing against the 252-unit Highland at Springhill apartment property in Mobile, Ala. The 11-year loan was funded through Freddie's Lease-Up loan program, which allows for permanent loans to get funded against newly ...
five apartment properties with 2,013 units in Mobile, Ala.
The properties are the 545-unit Crossings at Pinebrook, at 3800 Michael Blvd.; the 244-unit Pathways, at 2656 Pathway Place; the 253-unit Sandpiper, at 4950 Government Blvd.; the 384-unit Windsor Place, at 3661 Airport Blvd.; and the 587-unit Yester Oaks, at ...
Venture Pays $134.3Mln for 5 Apartment Properties in Mobile, Ala.
A venture of Post Road Group and Spruce Capital Partners has paid $134.3 million, or about $66,716/unit, for five apartment properties with 2,013 units in Mobile, Ala. It bought them from Colony Hills Capital, a Wilbraham, Mass., investor, in a ...
Developer Pays $19.6Mln for Ala. Retail Center Backing Troubled CMBS Loan
The Eastern Shore Centre, a 557,513-square-foot retail property in Spanish Fort, Ala., was sold to Allied Dynamics for $19.6 million, resulting in a $56.1 million loss to the CMBS trust that had held a $66.5 million mortgage against the property. ...
a portfolio of three apartment properties with 1,327 units
The properties are:Estates at Lafayette Square, with 675 units; Pine Bend & Hampton Park, with 450 units, and Bel Air, with 200 units.
Lightstone Pays $70.5Mln for 3 Apartment Properties in Mobile, Ala.
Lightstone Group has paid $70.5 million for a portfolio of three apartment properties with 1,327 units in Mobile, Ala. The New York investment manager bought the properties from Morguard North America Residential REIT of Toronto in a transaction brokered by ...
McGowin Park/3075 Government Blvd.
99 percent leased. The deal was funded with a $42.76 million loan that was provided by a life insurance company. HFF arranged the seven-year loan.
Cole Pays $77.75Mln for Mobile, Ala., Retail Property
Cole Credit Property Trust IV has paid $77.75 million, or about $207/sf, for McGowin Park, a 375,000-square-foot open-air shopping center in Mobile, Ala. The Phoenix REIT, whose shares do not trade on any exchange, purchased the property at 3075 Government ...
BofA Loan Against Mobile, Ala., Mall Matures in 2018
The $120.5 million loan that Bank of America provided against the Shoppes at Bel Air in Mobile, Ala., has a three-year term, but could be extended for up to two additional years. It pays a floating rate that has been ...
BofA Lends $120Mln Against Mall in Mobile, Ala.
Bank of America has provided $120 million of mortgage financing against the Shoppes at Bel Air in Mobile, Ala. The loan retired $109.6 million of CMBS debt that was scheduled to mature later this year and had become open to ...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
