West
Related California Announces New Market-Rate Residential Division to be Led by Greg Vilkin
Related California, the West Coast affiliate of Related Companies, announced that veteran real estate executive Greg Vilkin will join the company as president of Related California Urban Residential, a newly formed division, and as a member of the senior executive team.
Partial Sale of Tempe’s Rialto Condominiums Announced
Dedicated multifamily brokerage and advisory services firm ABI Multifamily has announced the sale of 22 of the 54 residences at Rialto Condominiums, near Arizona State University in Tempe.
Crown Realty & Development Acquires Ocotillo Springs Community in Chandler, Ariz.
Crown Realty & Development has announced that it has closed on the purchase of the 272-unit Ocotillo Springs Community in Chandler, Ariz. The $33.4 million acquisition is the company’s 10th purchase in the Phoenix area market since 2010 and the company already has plans for extensive interior renovations and other community upgrades.
P.B. Bell, Davis Enterprises Tapped to Redevelop Barrister Place Building in Phoenix
The City of Phoenix has selected P.B. Bell and Davis Enterprises to redevelop the historic Barrister Place building in the city’s downtown neighborhood.
TODAY’S DEALS: Aragon Closes 850 Unit Purchase in Denver and Orlando
Aragon Holdings buys two communities in Denver and Orlando; Walker & Dunlop structures $72 million in bridge conduit and mezzanine financing for acquisitions; and Crown Realty completes its 10th Phoenix area apartment acquisition since 2010.
Yardi Joins Forces with The Home Depot to Offer Clients More Purchasing Options and Full Purchasing Control
Yardi® clients can now easily access thousands of The Home Depot® products either in store or online with a click of a button via the online procurement system offered with Yardi Procure to Pay™, a fully automated end-to-end procurement and invoice processing platform.
Auction.com Adds Mindy Heppberger as Chief Legal Officer
Auction.com LLC, an online real estate marketplace, announced the appointment of Mindy Heppberger as executive vice president and chief legal officer.
Kaweah Management Company and The Pacific Companies Develop 47-Unit Affordable Housing Community in Central California
Kaweah Management Company and The Pacific Companies has developed The Aspens, a 47-unit affordable housing community in the Central California town of Tulare, made possible thanks to a $6.4 million low-income housing tax credit equity by WNC.
LeFrak, Kennedy Wilson Seeking Approval for Planned Hollywood Development
Developers LeFrak and Kennedy Wilson have announced plans for a 410-unit mixed-use high-rise development at the corner of Hollywood Boulevard and La Brea Avenue in Los Angeles.
Riverlake Partners Places Majority Equity Investment in Guerdon Enterprises
Riverlake Partners LLC has announced that it has made a majority equity investment in Boise, Idaho-based Guerdon Enterprises LLC, which specializes in and is a leading producer of large multi-unit modular buildings.