SAN DIEGO — Jay Crystal LLC has acquired the 13-unit Loma Vista Apartment Homes in the San Diego submarket of Point Loma for $4.4 million. The community is located at 3720 Yonge St. It was built in 1973 and renovated in 2007. CBRE’s Jim Neil, Eric Comer and Merrick Matricardi represented the buyer. The seller, SD Apartments LLC, an affiliate of Birge & Held Asset Management LLC, represented itself in this transaction.
INGLEWOOD, CALIF. — Wireless Watchdogs has purchased a 14,566-square-foot office/flex building in Inglewood for an undisclosed sum. The building is located at 317 S. Isis Ave. It was built in 1985. The wireless expense management firm plans to renovate a portion of the office space to use for its corporate headquarters. Ryan Harding of Newmark Grubb Knight Frank represented the buyer, while the seller, Altemus Co., was self-represented.
MILWAUKEE — Farbman Group has acquired the 22-story Chase Tower in Milwaukee for $30.5 million. Situated on the corner of East Wisconsin Avenue and North Water Street, the Chase Tower includes 480,000 square feet of office space and a 746-space parking structure. Farbman plans to upgrade the first and second floors, which host the building’s amenities. Tenants at the office tower include JPMorgan Chase, Infinity Healthcare, WUWM Public Radio and law firm O’Neil, Cannon, Hollman, DeJong & Laing. Brookfield Real Estate Opportunity Fund was the seller.
WESTLAND, MICH. — Cohen Financial has arranged an $11.2 million CMBS loan to refinance Westland Colonial Village Apartments in Westland, approximately 25 miles west of Detroit. The Class B property, located at 8181 N. Wayne Road, was built in the 1960s and features 304 units. Cathy Bronkema of Cohen Financial placed the fixed-rate, 10-year loan with Morgan Stanley. The borrower was undisclosed.
INDIANAPOLIS — Dougherty Mortgage LLC has closed an $8.3 million Fannie Mae loan for the acquisition of a 192-unit apartment property in Indianapolis. Amenities at Madison Village include a clubhouse, laundry facilities, grilling stations, swimming pool with sundeck, technology lounge and fitness center. Oak Hills Village LLC was the borrower. The loan features one year of interest-only payments and a 30-year amortization schedule.
NEW YORK CITY — Fox Hill Partners LLC has completed the disposition of apartment buildings located at 141 Park Hill Ave. and 320 and 350 Vanderbilt Ave. in Staten Island. Fox Hill Housing LLC acquired the properties for $52 million. Janice Mac Avoy, Stephanie Spell, Michael Hofer and Benjamin Cohen of Fried Frank served as counsel to the seller in the deal.
NEW YORK CITY — An investment group led by David Berley, chairman of Walter & Samuels Inc., has acquired a boutique office building located at 242 W. 27th St. in Chelsea. Panzel Development Associates sold the property for $14 million. Situated on the campus of the Fashion Institute of Technology, the 18,000-square-foot building features seven floors of office space, including a penthouse with a 500-square-foot deck and ground-floor loft duplex space. Ben Tapper, Noah Buchwald and Ross Weiner of Eastern Consolidated represented the seller, while Adelaide Polsinelli of Eastern Consolidated represented the buyer in the deal.
NEW YORK CITY — The Parkland Group has received $32.1 million in refinancing for a fully-leased retail property located at 200 West End Ave. in Manhattan’s Upper West Side. HFF placed the 15-year fixed-rate loan through MetLife for the borrower. The 25,446-square-foot retail property is leased to CVS/pharmacy, Bin 70, Apple Seeds and Beverly Hills Dry Cleaners. Rob Rizzi and Jennifer Keller of HFF arranged the financing for the borrower.
OMAHA, NEB. — Investors Realty Inc. has brokered the $3.2 million sale of the Airport Commerce Center in Omaha. Baceline Airport Commerce Center LLC sold the 65,101-square-foot industrial and office property, which is located at 1102-1234 E. Harman Ave. PPP Lot 4 LLC purchased the multi-tenant building. Ember Grummons and Lee Ehlers of Investors Realty represented the seller, and Mike Moylan represented the buyer.
AVON, MASS. — Newmark Grubb Knight Frank (NGKF) has arranged the sale of an office and distribution warehouse facility located at 80 Stockwell Drive in Avon. Hilco Real Estate, a unit of Hilco Global, sold the 241,454-square-foot property for $9.55 million. Situated on 12.7 acres, the property features 35,840 square feet of office space and 205,614 square feet of warehouse space. Additionally, the property features two presentation rooms, private offices, 22-foot ceilings, 17 dock doors and an open floor plate. Peter Whoriskey and Michael Frisoli of NGKF represented the seller, while Joel Miller of Permanser represented the undisclosed buyer in the transaction.
