Midwest

Behringer Harvard recently acquired The Gallery at NoHo Commons, a 438-unit multifamily community situated on a 5.3-acre site at 5416 N. Fairview Ave., adjacent to the North Hollywood Metro Station in Los Angeles, for approximately $96 million.

In response to a growing need for owners, banks and servicers to quickly liquidate commercial property, real estate owned (REO) and both distressed and non-distressed commercial notes, Jones Lang LaSalle has launched a joint venture with Real Estate Disposition LLC (REDC) to provide an online auction sales platform that creates a market for optimal commercial property and note disposition.

The Courtyards Student Apartments, which is owned by Ann Arbor Campus Housing, LLC, an affiliate of Kensington Realty Advisors Inc., recently completed its third and final phase of its 896-bed, off-campus community.

Pinnacle has opened a new office in Kansas City, Mo. The new office is the headquarters for the Great Plains region, which includes Missouri, Nebraska, Kansas, Colorado, Wyoming and southern Iowa. The regional office is strategically located to offer enhanced service and access to Pinnacle’s growing resident and client base.

Prudential Preferred Properties and Rubloff Residential Properties have merged to form Prudential Rubloff Properties, an independently owned and operated firm with 17 offices and nearly 900 sales professionals and staff.