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Norwalk Roundup: Wall Street Theater lawsuit; apartment buildings sold


Wall Street Theater suing Hillsong Church
Belpointe sells two Waypointe area buildings
L.A. Fitness settles suit, will comply with ADA
Wall Street Theater’s revenue woes
Hillsong Church owes the Wall Street Theater $100,899.25 in unpaid rent, the theater company alleges in a lawsuit filed Jan. 20. Hillsong is also accused of removing electronic equipment that belongs to the theater.
Hillsong Connecticut LLC began renting the theater from 6 a.m. to 10 p.m. every Sunday beginning Sept. 20, 2019, at a cost of $7,937 per Sunday, the lawsuit states. On Feb. 21, the parties agreed to drop the rent to $5,935.25, just ahead of Gov. Ned Lamont prohibiting church gatherings on March 16, an order that was effective through April 30. ....

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Invictus Picks Up Luxury Connecticut Portfolio


Invictus Picks Up Luxury Connecticut Portfolio
The properties are part of the second phase of the reimagined Waypointe District in Norwalk, Conn.
Feb022021
Image courtesy of CBRE
Invictus Real Estate Partners has acquired two newly built Class A properties in Norwalk, Conn., from a joint venture of Alex Brown Realty Inc. and Belpointe Cos. Situated a block apart, The Berkeley at Waypointe and Quincy Lofts encompass a combined 198 units. CBRE represented the owner and procured the buyer.
The assets are part of the second phase of the redeveloped Waypointe District in Norwalk, planned to revive the area along West Avenue. The mixed-use community includes luxury living, retail and entertainment facilities. Last August, Invictus also purchased the development’s first phase dubbed The Waypointe backed with a $107.2 million Freddie Mac loan. The 464-unit community came online in 2016 and comprises 56,000 square feet of ground-floor commercial space ....

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