West
Deco Opens Two More Cabana Apartment Properties
Deco Communities has opened two properties in Arizona—one in Phoenix, the other in Tempe.
Passco Companies Development Announces New President
A renewed focus on land development has been announced by Passco Companies LLC, a privately held Calif.-based commercial real estate company.
Auction.com SVP Named on Top 45 Under 40
Auction.com LLC Senior Vice President and Director of Business Development Joseph Cuomo was named one of Real Estate Forum magazine’s “Top 45 Under 40” in the October 2013 issue.
AMCAL Opens Special-Needs Affordable Housing in OC
AMCAL Multi-Housing has opened Avenida Villas. The property is a 29-unit permanent supportive housing facility developed by AMCAL in partnership with the nonprofit A Community of Friends, and was built specifically for underprivileged families and individuals, as well as persons with mental illness.
Clarion Acquires Student Housing Near University of Arizona
Clarion Partners has announced the acquisition of the 183-unit student housing community, Retreat at Tucson, which serves the student population of the nearby University of Arizona.
Sunrise Management Opens New Phoenix-Area Office; Names New Regional VP
Phoenix—Sunrise Management has expanded its Southwestern operations, opening a new Phoenix-area office at 1921 S. Alma School Rd., Suite 214, Mesa, Ariz. To keep pace with growth in the region, Kevin Pennel has been promoted from regional real estate manager to regional vice president for the new office and will lead a team overseeing an expanding portfolio of multifamily properties. According to Pennel, the multifamily market in the Phoenix area is robust and because of demand, coupled with its proven track record in the area, Sunrise is expanding in the region. The firm currently manages approximately 3,659 units within 19…
Centerline Closes Choice Loan for Westwood Apartment Refinance
New York-based Centerline Capital Group has closed a $5.6 million Fannie Mae Choice Loan to refinance Sharon Towers Apartments in Los Angeles’ upscale Westwood neighborhood.
Yardi and WhiteFence Take Step to Make Moving into Apartments Easier
A new Yardi® and WhiteFence software integration will allow apartment renters to select electric, cable, Internet, phone and rental appliances online immediately upon signing a lease.
JB Matteson Buys Greater LA Apartments for $82M
JB Matteson has acquired Vanoni Ranch Apartments in Ventura, Calif., for $82 million.
Wood Partners Starts Apartment Development in Suburban Denver
Wood Partners has broken ground on Alta Cherry Hills, a 306-unit apartment community in suburban Denver. The infill project, which will include two five-story buildings on 4.6 acres, should be complete and open for leasing by summer 2014.