Commercial Real Estate Direct Staff Report The $33.5 million CMBS loan against the 407-room Norfolk Waterside Marriott is headed to foreclosure. The loan, originated just three years ago and securitized through BANK5, 2023-5YR2, transferred to special servicer CWCapital Asset Management ...
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 ...
Industrial Realty Group has paid $34.9 million, or $117.06/sf, for the 298,126-square-foot industrial property at 3321 Princess Anne Road in Norfolk, Va. The Los Angeles investor acquired the property from an entity doing business as 3321 Princess Anne LLC. S.L. ...
REBusiness Online Industrial Realty Group has paid $34.9 million, or $117.06/sf, for the 298,126-square-foot industrial property at 3321 Princess Anne Road in Norfolk, Va. The Los Angeles investor acquired the property from an entity doing business as 3321 Princess Anne ...
Fulton Peak Capital has paid $38.5 million, or $128,333/unit, for Woodmere Trace Apartment Homes, with 300 units in Norfolk, Va. The Raleigh, N.C., investment manager bought the property, at 6741 East Tanners Creek Drive, from Enterprise Community Development of Silver ...
Fulton Peak Capital has paid $38.5 million, or $128,333/unit, for Woodmere Trace Apartment Homes, with 300 units in Norfolk, Va. The Raleigh, N.C., investment manager bought the property, at 6741 East Tanners Creek Drive, from Enterprise Community Development of Silver ...
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 ...
Bonaventure has paid $42 million, or $347,107/unit, for Monticello Station, a 121-unit apartment property at 328 East Freemason St. in downtown Norfolk, Va. The Alexandria, Va., investment manager bought the property, which was developed by S.L. Nusbaum Realty Co. of ...
Bonaventure has paid $42 million, or $347,107/unit, for Monticello Station, a 121-unit apartment property at 328 East Freemason St. in downtown Norfolk, Va. The Alexandria, Va., investment manager bought the property, which was developed by S.L. Nusbaum Realty Co. of ...
The city of Norfolk, Va., has completed its $18 million purchase of the MacArthur Center mall in its downtown area, resulting in a partial paydown of a $681.6 million loan securitized through Starwood Retail Property Trust, 2014-STAR. MacArthur Center was one ...
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