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On the Street - Jan. 8, 2016

Matt Velline joined Edina Realty on Sept. 1. Velline has 15 years of experience in real estate and mortgage lending. Along with vast industry knowledge, he focuses on the individual needs of sellers and buyers in the Alexandria lakes area.

• Marcus and Millichap, a commercial real estate investment services firm with offices throughout the U.S. and Canada, has sold Lakewood Apartments, a 72-unit apartment community located at 204 Kenwood Drive in Alexandria. The 72 units are comprised of 25 one-bedroom, 46 two-bedroom units and one three-bedroom unit. The apartments sold for $3,207,500.