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
Crowdfunding of Equity in Apartment Portfolio Prompts Loan’s Transfer to Special Servicing
Commercial Real Estate Direct Staff Report A $71.1 million CMBS loan against a portfolio of five apartment properties with 2,013 units in Mobile, Ala., has transferred to special servicing, according to Morgan Stanley. The transfer, which the investment bank's CMBS ...
Sears to Vacate Store at Bel Air Mall in Mobile, Ala.
The Sears store at the Bel Air Mall in Mobile, Ala., which accounts for nearly a quarter of the space at the 1.3 million-square-foot shopping center, is set to close soon. That could impact the ability of the property's $110 ...
Bel Air Mall
90 percent leased. As part of the acquisition, Rouse assumed a $112.5 million loan that's securitized through Merrill Lynch Mortgage Trust, 2005-LC1. The mortgage matures in December 2015 and pays a coupon of 5.3 percent. It encumbers nearly 1 million ...
five apartment properties with a combined 2,000 units in Mobile, Ala.
The properties are the Cabana Apartments, at 3800 Michael Blvd.; Pathways Place, at 26565 Pathway Place; Sandpiper, at 4950 Government Blvd.; Windsor Place, at 3661 Airport Blvd.; and Yester Oaks Townhouse, at 146 Yester Oaks Drive.
5 Mobile, Ala. Apartment Properties Fetch $98Mln
Colony Hills Capital has paid $98 million, or about $49,000/unit, for five apartment properties with a combined 2,000 units in Mobile, Ala. The Delaney family, a local real estate investor and property manager, sold the properties. Hendricks-Berkadia Apartment Real Estate ...
Kimco-Led Venture Sells Mobile, Ala., Retail Center
Atlanta CityBizList A venture of Kimco Realty Corp. and Lakestar Properties has sold the 380,619-square-foot Mobile Festival Centre retail property in Mobile, Ala. The buyer and purchase price were not known. HFF brokered the deal. The property, at 3725 Airport ...
Beech Street Arranges $25Mln for Alabama Apartment Complex
Beech Street Capital has arranged $25 million of Freddie Mac financing for the 317-unit Stone Ridge at Somerby Park apartment complex in Mobile, Ala. The fixed-rate loan has a 10-year term with a two-year, interest-only period followed by a 30-year ...
Ala. Shopping Center Placed in Receivership
Press-Register The Spanish Fort Town Center shopping complex in Spanish Fort, Ala., about 15 miles from Mobile, Ala., was placed in receivership after its owner defaulted on a $66.38 million bond issue and a $17.5 million construction loan. Andrew Bolnick ...
American Real Estate Capital Writes $15.6Mln Loan on Ala. Center
American Real Estate Capital has arranged a $15.6 million mortgage for Jubilee Square, a 340,000-square-foot retail center in Daphne, Ala.The Coral Gables, Fla., mortgage lender writes loans on behalf of Great American Insurance Co., a unit of American Financial Group.Jubilee ...
Harbert Realty Renovates Mobile, Ala., Retail Property
Birmingham Business JournalHarbert Realty Services has just completed a renovation of the 111,000-square-foot Spring Hill Village shopping center in Mobile, Ala. The property is fully leased.Copyright © 2010 Commercial Real Estate Direct www.crenews.com
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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.
