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
City of Norfolk, Va., Completes $18Mln Purchase of MacArthur Center Mall
Commercial Real Estate Direct Staff Report 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 ...
Lovett Buys Land in Va. For Proposed 2.2Mln-SF Industrial Complex
REBusiness Online Lovett Industrial has acquired a 328-acre development site in James City County, Va., between the Port of Virginia and Williamsburg, Va., with plans to build a 2.2 million-square-foot industrial park. The property, Enterprise Logistics Park, will include buildings ...
2-Building Industrial Property Near Norfolk, Va., Sells for $24Mln
REBusiness Online A company calling itself Chesapeake Industrial Park LLC has bought the Port of Virginia Distribution Center, a 334,881-square-foot industrial property in Chesapeake, Va., for $24 million, or about $71.67/sf. The seller was not disclosed. Cushman & Wakefield | ...
Norfolk, Va., City Council Eyes Purchase of MacArthur Center Mall
Commercial Real Estate Direct Staff Report The Norfolk, Va., City Council has made an offer to buy the MacArthur Center Mall and has requested the appropriation of $18 million from various city-overseen accounts to cover the property's purchase price and ...
Dwight Capital Writes $35.7Mln HUD Loan for Norfolk, Va., Apartments
Dwight Capital has provided $35.7 million of financing under a U.S. Department of Housing and Urban Development program for the 225-unit 201 TwentyOne apartment building in Norfolk, Va. The loan takes out what had been a $37.74 million HUD loan ...
a portfolio of three apartment properties with 452 units in the suburbs of Richmond, Va., and Norfolk, Va.
The properties are the 144-unit Oaks of Dunlop Farms, at 101 Old Oak Lane in Colonial Heights, Va., which is just south of Richmond; the 152-unit Independence Square, at 5120 George Washington Highway, and the 156-unit Crescent Place, at 2804 ...
Venture Pays $48Mln for 3 Apartment Properties in Virginia, Gets $39.1Mln Freddie Loan
A venture of Blackfin Real Estate Partners and GMF Capital has paid $48 million, or an average of nearly $106,200/unit, for a portfolio of three apartment properties with 452 units in the suburbs of Richmond, Va., and Norfolk, Va. The ...
Hotel Occupancy in Virginia Beach, Va., Area Tops 60 Percent
The Norfolk/Virginia Beach, Va., hotel market recorded a 61.4 percent occupancy rate for the week ending June 27, according to STR, a Hendersonville, Tenn., industry analytics company. That's up from 54 percent a week earlier and is the second consecutive ...
Sale of Military Circle Mall Generates 110 Percent Loss to $52.3Mln Loan
Commercial Real Estate Direct Staff Report Last month's sale of the Military Circle Mall in Norfolk, Va., for $11.3 million resulted in a loss of $57.4 million to the CMBS trust that had held a $52.3 million loan against it. ...
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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.
