Marcus & Millichap Brokers Sale of Two-Tenant Retail Property in Las Vegas

Marcus & Millichap Brokers $14M Sale, Financing of Indiana Property

Marcus & Millichap arranged the sale and financing of The Villas at Green Valley, an 84-unit multifamily property in New Albany, Indiana. The property sold for $14.1 million. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, arranged $9.2 million in acquisition financing.“The buyer completed a 1031 exchange, consolidating multiple California properties into a single asset in New Albany, increasing unit count whil…

Marcus & Millichap Brokers Sale of Two-Tenant Retail Property in Las Vegas

LAS VEGAS — Marcus & Millichap has brokered the purchase of a two-tenant retail property in Las Vegas. Merra Cordier, a local entrepreneur and owner of The Purple Chandelier, acquired the asset from an ownership group that included former Nevada Lt. Gov. Lorraine Hunt Bono. Built in 1977, the former OfficeMax building is located at 4995 S. Eastern Ave. The Purple Chandelier, formerly Lynn’s World Consignment, and Bodega Furniture currently occup…