Apartment Realty Advisors (ARA) brokered the $35 million sale of Tyvola Centre Apartments, a 404-unit property located in the southwest submarket of Charlotte, N.C.

MHN catches up with Ron Brock, Sr., President and CEO of Pierce-Eislen, at the NMHC Annual Meeting in Boca Raton. Brock shares his multifamily forecast for 2010 including the realities of dealing with non-performing properties.

Marcus & Millichap Real Estate Investment Services has retained the exclusive listing for Mizner Lakes, a 21.49-acre REO waterfront development site in West Palm Beach. The listing price is $10,992,000, or $16,000 per buildable unit.

Brookdale Senior Living Inc. completed the acquisition of three retirement center communities that it previously managed. The aggregate purchase price for the communities was $102 million. Brookdale had previously owned a minority, though non-financial, interest in the communities.

Colliers International has directed the notes sale of a 51,729-square-foot multifamily property at 18557 Saticoy Street in Reseda, Calif. The sale is valued at $9.25 million.

NorthStar Realty Finance Corp. sold 18 assisted living facilities, containing approximately 1,300 beds, located in North Carolina to a private investor group for $95 million.

AFI USA, a subsidiary of Africa Israel, has completed a five-year refinancing of the Times Square Building for about $267 million, plus access to a revolving line of credit from Banco Inbursa SA that will enable the owners to execute a comprehensive repurposing and revitalization of the property. Five Mile Capital Partners LLC will convert its existing debt to equity to become a 50 percent equity partner in the property.

CB Richard Ellis has announced it arranged the sale and financing of a three-property portfolio of multi-housing communities located in Richmond’s West End.

CAS Financial Advisory Services (CAS FAS) recently completed the recapitalization and preservation of Starrett City in Brooklyn, N.Y.

Since joining One Brooklyn Bridge Park as its exclusive sales and marketing firm two months ago, The Developers Group, has signed 14 new contracts and has more than 20 contracts out or in negotiations.