EAGLE REAL ESTATE GROUP of Anaheim, Calif., sold the Crystal View Apartment Homes in Garden Grove, Calif., to New York-based institutional investment manager BlackRock Inc. for $60.2 million. The deal was brokered by the West Coast office of Moran & Co. Crystal View. The apartments have undergone nearly $3.5 million in capital improvements over the past two years. The complex is adjacent to the Angel Stadium-anchored Platinum Triangle, an 800-acre, mixed-use area.
THF REALTY OF ST. LOUIS purchased the 250,000 sq. ft. retail center Silver Springs Commons Shopping Center in Mechanicsburg, Pa., for $26.5 million from Eastern Holdings of King of Prussia, Pa. Silver Springs Commons is anchored by a Wal-Mart Supercenter and includes Value City Furniture, Giant Foods, Payless Shoes, Taco Bell, Great Wall and Subway.
WIEN & MALKIN STRATEGIC CAPITAL III has funded a $4.35 million preferred-equity investment for the land acquisition and development of a 34-unit luxury townhome community in Mountain Village, Colo., called Villas at Tristant, which will be part of the Rocky Mountain ski resort center at Telluride. The strategic capital investment is for a term of up to three years, and Bank of America is providing construction financing.
