Irvine, Calif.–gallery421, Lyon Communities’ third luxury project in downtown Long Beach is now ready. The first residents moved in late June.

Austin–The recession hasn’t hit the central Texas city of Austin quite as hard as in most other places, and for the metro Austin apartment market, that means better times ahead.

San Antonio–The Mirabella Apartments, an affordable seniors housing development in San Antonio, Tex., has gotten a financial boost with Boston, Mass.-headquartered Boston Capital’s recent $6.13 million equity investment.

New York–Multifamily starts have hovered in the 100,000 to 142,000-range for all of this year, which isn’t saying anything positive about the multifamily sector.

Charlotte, N.C.–Multifamily developer Wood Partners L.L.C. has decided that the time is right to expand its Specialty Housing Group in a fairly big way, by adding new representatives in each of its five regions nationwide.

Oklahoma City, Okla.–The Oklahoma City market has seen strong demand for Class A and B apartments, according to Marcus & Millichap Real Estate Investment Services.

Edgewater, Fla.–Andy Moses, senior vice president and senior director of NorthMarq Capital’s Orlando Regional office, and Melissa Marcolini-Quinn, assistant vice president and senior investment analyst, arranged first mortgage financing of $24 million for Hacienda Del Rio, a 730-pad manufactured housing complex located here.

Atlanta–ST was formed after the Chicago-based Corus Bank failed on September 11, 2009.

Houston–The goal of the Impact Challenge initiative is to collect 20,000 pounds of non-perishable food and $20,000 earmarked for clean drinking water.

Hollywood, Fla.—Property management company The Continental Group (TCG) has promoted Chief Operating Officer Tim O’Keefe to Chief Executive Officer, and Rob Rabin will assume the position of COO after serving as CFO for two years.
O’Keefe takes over the top role at the company from Tom Roses who announced his retirement earlier this year.
O’Keefe joined TCG [...]