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Bela Flor, TruVista Sell Avalon Townhomes in Avondale, Arizona for $30.1M

AVONDALE, ARIZ. — Arizona-based Bela Flor and TruVista Development have completed the sale of Avalon Townhomes, a build-to-rent community in Avondale. An undisclosed buyer acquired the asset for $30.1 million, or $430,000 per unit. Completed in 2025, Avalon Townhomes features 70 two- and three-bedroom townhomes averaging 1,677 square feet in size. The townhomes offer qua...


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Northmarq Negotiates $19.5M Sale of Merritt Manor Apartments in Olympia, Washington

OLYMPIA, WASH. — Northmarq has arranged the sale of Merritt Manor, a mid-rise apartment community in Olympia. Fourth Street’s Merritt Manor LLC sold the asset to Merritt Manor LLC for $19.5 million. Joe Kinkopf, Steve Fischer and Tyler Smith of Northmarq’s Seattle Investment Sales team represented the seller in the transaction. Located at 3335 Martin Way E, Merritt Manor...


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PSRS Arranges $9.4M Refinancing for Retail Center in Rancho Cucamonga, California

RANCHO CUCAMONGA, CALIF. — PSRS has arranged $9.4 million for the refinancing of a neighborhood retail center in Rancho Cucamonga. Constructed in 2004, the 25,008-square-foot property is fully occupied by 14 tenants. Jonny Soleimani, George Gianoukakis and Garrett Carter of PSRS secured the non-recourse loan, which features a five-year term and a 27-year amortization schedule...


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Pinnacle Brokers $3.5M Sale of Two Retail Properties in Littleton, Colorado

LITTLETON, COLO. — Pinnacle Real Estate Advisors has arranged the $3.5 million sale of two retail properties in Littleton. Totaling 8,558 square feet, the properties are the Kauer Building at 2500 W. Main St. and an Art Deco-style building at 5711 S. Nevada St. The buildings were fully leased at the time of sale. R.C. Myles and Craig Myles of Pinnacle’s MB Team, along wi...


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Newmark Facilitates $44.5M Sale of Three-Building Office Portfolio in Richmond

RICHMOND, VA. — Newmark has facilitated the $44.5 million sale of a three-building office portfolio located in Richmond. Will Bradley and Mark Williford of Newmark represented the seller, Minneapolis-based Onward Investors, in the transaction. Onward Investors originally purchased the complex about 18 months prior for $31 million, as reported by Richmond BizSense. The bu...


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