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
Developer Revives Plan for 26-Acre Project on North Carolina’s Outer Banks
Virginian-PilotGerald Friedman has revived plans to develop a 26-acre commercial project along North Carolina's Outer Banks shore area in Currituck, N.C. The Norfolk, Va., developer has asked Currituck County commissioners to amend the area's development law to allow for the ...
Harbor Buys Norfolk’s World Trade Center
Virginian-PilotHarbor Group International has bought Norfolk's World Trade Center, the second downtown office acquisition for the company in recent months. The Norfolk, Va., firm bought the property, at Waterside Drive and Main Street, from a fund managed by UBS. A ...
Norfolk, Va., Council Approves Funding for $70Mln Medical Office Project
Virginian-PilotNorfolk, Va.,City Council authorized public financing for a proposed $70 million medical-officedevelopment in the city. It approved providing up to $4.8 million to KeithNewby for his Fort NorfolkPoint project on Brambleton Avenue across from a complex that includes SentaraNorfolk General ...
Bankers Trust Building in Norfolk, Va., on Sales Block
Virginian-PilotDeveloper Bobby Wright has put the Bankers Trust Building in Norfolk, Va., on the sales market. Wright is asking $3.2 million for the building, at 161 Granby St., which he acquired in 2004. He abandoned plans to convert it into ...
$325Mln Warehouse-Distribution Project Proposed in Suffolk, Va.
Virginian-PilotCenterPoint Properties of Chicago has proposed developing a $325 million warehouse-distribution center in Suffolk, Va. The 5 million-square-foot industrial project, which includes a rail yard, would span 900 acres along U.S. 58 and Holland Road, about four miles west of ...
Mixed-Use Project Proposed for Virginia Beach, Va.
Virginian-Pilot Cape Development and Real Estate Co. is looking to develop a $500 million mixed-use project in Virginia Beach, Va. The property, Ocean Center, will have 800,000 square feet of office space, 600 townhomes and apartments and a 320-room hotel. ...
Parkway Properties Sells Office Building in Downtown Norfolk, Va.
Virginian-Pilot Parkway Properties has sold a 131,000-square-foot office building in downtown Norfolk, Va., for $12.75 million to Town Point Financial Associates. Parkway, a Jackson, Miss., REIT, bought Town Point Center, at Boush and Plume streets, for $10.45 million in 1998. ...
Norfolk, Va., City Council Rejects Use of Bonds for $65Mln Hotel Project
Virginian-Pilot City Council in Norfolk, Va., has voted against using government financing for a $65 million hotel development in the city. The project's development group, led by Virginia State Sen. Louis Lucas, had been seeking up to $50 million of ...
Norfolk, Va., Hotel Slated for Office Space Conversion
Virginian-Pilot Two developers plan to convert the former Clarion Hotel James Madison in downtown Norfolk, Va., into office space. Eric Menden and George Hranowskyj, partners in Norfolk Property Development, opted for an office conversion after the housing downturn prompted them ...
Town Point Center
97 percent leased.
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.
