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: Norfolk
3-Year-Old CMBS Loan Against Va. Hotel Heads to Foreclosure
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 ...
AH Realty to Sell Majority of Apartment Portfolio to Harbor Group in $562Mln Deal
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 ...
3321 Princess Anne Road
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. ...
298,126-SF Industrial Property in Norfolk, Va., Fetches $34.9Mln
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 ...
Woodmere Trace Apartment Homes
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 ...
300-Unit Apartment Property in Norfolk, Va., Sells for $38.5Mln
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 ...
$124.6Mln Loan Against Portfolio of Va. Offices Moves to Special Servicing
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 ...
Monticello Station
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 Pays $42Mln for Norfolk, Va., Apartments
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 ...
MacArthur Center Mall
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 ...
About
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.
