City: Newport News

Commercial Real Estate Direct Staff Report AH Realty Trust, the former Armada Hoffler Properties Inc., has struck a deal to sell 11 of its 14 apartment properties in Virginia, Maryland, Georgia, and North Carolina for $562 million in cash to ...

Multi-Housing News Penzance has paid $75.5 million, or $190,657/unit, for the 396-unit Compass at City Center apartment complex in Newport News, Va. The Washington, D.C., company acquired the property from DF Ventures, the investment arm of Drucker + Falk of Newport ...

Commercial Real Estate Direct Staff Report The Patrick Henry Mall in Newport News, Va., whose $79.67 million mortgage had transferred to special servicer Rialto Capital Advisors last January, after its owner had filed for bankruptcy, has been re-appraised at a value ...

The loan was one of a number against regional malls to have transferred to special servicers in recent weeks. Some loans have or soon will mature, while others have seen a deterioration in the performance of their collateral.

Ritz Banc Group has paid $25 million, or $142,857/unit, for the 175-unit Hickory Point apartment property in Newport News, Va. The Arlington, Va., investment manager bought the property, at 399 Hickory Point Blvd., from AION Partners, which was represented in ...