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
2 Commercial Place in Norfolk, Va., Sold for $57Mln
The Virginian-Pilot RMR Group has purchased 2 Commercial Place, a 288,700-square-foot office building in Norfolk, Va., for $57 million, or $197/sf. Marathon Development Group sold the property, which it had acquired last year, along with sister property 1 Commercial Place ...
300-Room Hotel, Conference Center to Open in Norfolk, Va.
The Virginian-Pilot Gold Key | PHR will open the 300-room Hilton Norfolk - The Main hotel and conference center in Norfolk, Va., this spring. The 21-story property at 100 East Main St. will consist of two ballrooms, three restaurants, a ...
178-Unit Senior-Living Building Planned for Norfolk, Va.
The Virginian-Pilot Local developer Neil Volder is planning to build a 178-unit retirement complex in Norfolk, Va. The $100 million building will stand 27 stories and be part of the Harbor's Edge development that opened in 2006. Plans call for ...
Mixed-Use Project Proposed for Norfolk, Va.
The Virginian-Pilot Marathon Development Group is proposing a mixed-use project for Norfolk, Va. Plans for the $50 million development call for a six- or seven-story building with 250 apartment units, a retail component and parking on land bordered by Olney ...
500 East Main St.
59 percent occupied. The property backs a $22.6 million loan that is securitized through ML-CFC Commercial Mortgage Trust, 2007-9.
Norfolk, Va., Office Property Backing CMBS Debt Sells for Less Than Appraised Value
Virginia Business Riverstone Properties has acquired a 230,316-square-foot office building in Norfolk, Va., for $10.7 million, or $46/sf. The property, at 500 East Main St., backs a $22.6 million loan that is securitized through ML-CFC Commercial Mortgage Trust, 2007-9. The ...
New York Life Lends $57Mln Against Office, Apartment Properties in Virginia Beach, Va.
New York Life Real Estate Investors has provided a $57 million loan against the Encore 4505 at Town Center apartment property and 4525 Main Street Tower office property in Virginia Beach, Va. The five-year loan, arranged by Berkadia, replaced about ...
Dominant Norfolk, Va., Retail Property Hits Sales Market
McKinley Associates is offering for sale the JANAF Shopping Yard, an 885,594-square-foot retail property in Norfolk, Va., among the largest shopping centers in the country when it was built some 57 years ago. The property could sell for some $110 ...
Simon Breaks Ground on Outlet Mall in Norfolk, Va.
The Virginian-Pilot Simon Property Group has broken ground on the Norfolk Premium Outlets in Norfolk, Va. The 332,000-square-foot outlet mall is being built on a 44-acre site at the intersection of Interstate 64 and Northampton Boulevard that formerly was a ...
Affordable Housing Project Planned for Norfolk, Va.
Virginia Business Franklin Johnston Group plans to build The Clairmont Apartments at Campostella Station, a 152-unit affordable-housing complex in Norfolk, Va. The $24 million project will be on six acres. A mix of one-, two- and three- bedroom apartments will ...
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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.
