LAS VEGAS – The 316-unit Mayan Plaza in Las Vegas has received $11.6 million in first-mortgage refinancing. The community is located at 1700 Alta Drive. The loan features a 10-year term and a 30-year amortization schedule. It was arranged by Ory Schwartz and Tom Powell, who work out of NorthMarq’s Los Angeles and Nevada offices, respectively. The loan was arranged through NorthMarq’s seller-servicer relationship with Freddie Mac.
LA MIRADA, CALIF. — Ahern Rentals has signed a 10-year lease for a 125,000-square-foot industrial space in La Mirada. The facility is located at 16930 Valley View Ave. The equipment rental company plans to use the facility for its construction equipment rental business. Ahern Rentals was represented by Chris Koceman of Delta Mobility. Jeff Hubbard of Lee & Associates’ Los Angeles-Central office represented the landlord, 16930, LLC, in this transaction.
ATLANTA AND BIRMINGHAM, ALA. — Birmingham-based Daniel Corp. has started development of three multifamily properties with a combined total cost of more than $200 million. In Atlanta, the firm has broken ground on 77 12th Street, an $82 million, 23-story mixed-use tower located in the 12th & Midtown project. The development will include 330 luxury apartment units and 20,000 square feet of street-level retail. Also in Atlanta, Daniel Corp. has been contracted to buy the 80-unit The Rocca: Piazza at Paces, a multifamily property located at 3280 Northside Pkwy. NW. The company plans to expand the property by an additional 200 units. Construction is slated to begin this summer. In Birmingham, the firm has broken ground on the $35 million, 250-unit Ashby at Ross Bridge, located in the Ross Bridge master-planned community.
NEWPORT BEACH, CALIF. — Newport Beach-based Griffin-American Healthcare REIT II has purchased 10 skilled nursing facilities and one medical office building for $174.3 million. The properties are located in Georgia, Tennessee, Louisiana, Alabama and Texas. The 10 nursing facilities add 1,364 beds to the Griffin-American Healthcare REIT II's skilled nursing facility portfolio and are leased through 2027 by affiliates of Wellington Healthcare Services, the seller of the properties. Matt Ryan and Michael Hoagberg of Houlihan Lokey's Chicago office represented the seller in the transaction. The 60,000-square-foot SIerra Providence East Medical Plaza I, located in El Paso, Texas, was acquired from PHT Investment Holdings. Chris Bodnar of CBRE's Denver office represented the seller.
GREENSBORO, N.C. — Raleigh, N.C.-based Church Street Partners has purchased the 240-unit Hunt's View, an apartment complex located at 3901 Battleground Ave. in Greensboro. Amenities include a pool, spa, billiard's room, exercise facilities and a picnic area. The property is currently 90 percent occupied. Sean Wood, Blake Oakland and Dean Smith of ARA's Charlotte, N.C., office represented the undisclosed seller in the transaction.
ODENTON, MD. — The ground lease for a 4,000-square-foot, single tenant, net-leased M&T Bank property, located at Annapolis Road and Blair Drive in Odenton, has sold for $4.02 million. Michael Shover, Tom Gorman and Matthew Gorman of Marcus & Millichap's Philadelphia office represented the seller, a Baltimore-based developer, in the transaction. The all-cash buyer is based in Manhattan.
PINEVILLE, N.C. — MPE USA has purchased a 70,340-square-foot warehouse, located at 10424 Rodney St. in Pineville, for $1.69 million. Warren Snowdon and David Hanna of Cushman & Wakefield/Thalhimer's Charlotte, N.C., office represented First Industrial B&L, the seller, in the transaction. Ian Bertolina of Charlotte-based Bertolina Commercial Real Estate represented the buyer.
CHICAGO — Bass Realty 3 LLC has purchased a 50-unit apartment property in Chicago for $2.4 million. Located in the heart of Albany Park, the property is currently 65 percent occupied. Matt Welke of Essex Realty Group represented both the buyer and seller in the transaction.
CHICAGO — Summit Design + Build LLC has completed a 14,500-square-foot build-out of office space for Applegate & Thorne-Thomsen P.C., a law firm spanning the entire fourth floor of 626 W. Jackson Blvd. in Chicago's West Loop. The new office includes private offices, conference rooms, a reception area and exposed brick. Applegate & Thorne-Thomsen marks the fifth build-out Summit has completed within the 626 W. Jackson building in the past 18 months. The firm has also completed build-outs for Thompson Flanagan, Sterling Bay Cos., Rightpoint and Schuman and Schuman, Simon & Grodecki Ltd. Summit & Design + Build's Dave Mooney, Pat Lynn and Rodger Meyer were responsible for the on-site construction of the law firm. Fitzgerald Earles Architects and Associates was the architect for the project.
NEW BERLIN, WIS. — Reynolds Machine Co. has leased 100,520 square feet of industrial space at 17005 W. Ryerson Rd. in New Berlin from First Industrial Realty Trust. Ryan Kopp and Steve Sewart of Inland Cos. represented the landlord in the transaction.