West

INVESTMENTS: Marcus & Millichap Lists California Property for $187,500 Per Unit

Novato, Calif.– Marcus & Millichap Real Estate Investment Services retained the exclusive listing for Oak Grove Apartments, an 88-unit, 75,666-square-foot luxury apartment complex in Novato, Calif. The listing price of $16.5 million represents $187,500 per unit and $218 per square foot.

Washington University Pre-Med Student Wins Broadway Show Tickets Through ForRent.com Contest

Meghan Wright, a 22 year-old pre-med student at Washington University in St. Louis, Mo. recently entered a contest and won tickets to the RENT Broadway show.

Bascom Cuts Costs, Increases Tenant Outreach to Face Weakened Economy

The Bascom Group LLC, a private apartment owner with a portfolio of 100 properties totaling more than 29,400 units nationwide, has reported an increase of 11.8 percent in its portfolio net operating income for the fourth of quarter of 2009, compared with the same period a year earlier.

DEAL OF THE DAY: Boston Capital Invests in Affordable MF Development in Calif.

Boston Capital provided equity, and construction and permanent loan, for Summer Hill Place, which will be a 50-unit multifamily development in Fresno, Calif.

MyNew Place, Walk Score Form Partnership to Boost Walkable Communities

Apartment dwellers have typically focused on factors such as the length of their commute to work and the quality of schools when choosing which community to live in. But, a community’s walkability also seems to be playing a larger role in the decision-making process.

Student Gets Free Rent For Whole Year at Campus Advantage Property

Premier USC university housing apartments, University Gateway, gave away an entire free year of housing to one lucky USC student. When the USC Sophomore, Pamela Ho, told her parents, they didn’t believe it.

Arbor Oaks Project Incorporates Soothing Colors, Windows to Eliminate Institutional Look

Architecture and interior design firm, Faulkner Design Group, has recently been chosen to provide interior design and planning services for Arbor Oaks at Crestview in Bryan, Texas.

Dominium Management Services Hires Debbie Vail

Debbie Vail has been named regional manager of Dominium Management.

NWP Services Corp. Validates Compliance with Payment Card Industry

NWP Services Corp. (NWP) has been validated compliant with the Payment Card Industry Data Security Standard (PCI DSS) as a Level 1 service provider. Trustwave performed the validation.

DEAL OF THE DAY: Hendricks & Partners Brokers $3.85M Sale of 50-Unit Property

Rocklin, Calif.‑Hendricks & Partners arranged the sale of Shannon Bay, located at 5757 Shannon Bay Drive in Rocklin, Calif. The 50-unit apartment community was sold for $3.85 million.