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LAS VEGAS — The 341-unit Colonial Grand at Palm Vista, located at 6300 McCarran St. in Las Vegas, has been sold for $40.9 million. Amenities include clubhouse, fitness center, pool and spa. The buyer, Birmingham, Ala.-based Colonial Properties Trust, was represented by Jim Fisher of Lee & Associates-LA North/Ventura and Stephen Peters of Lee & Associates-Investment Services Group. The seller was Ovation-AGT.