West

Carmel Completes San Diego Community

Multifamily specialist Carmel has completed work on Carmel Pacific Ridge, a 500-unit property in the Mission Valley neighborhood of San Diego.

HFF San Francisco Hires Nathan Blair to Focus on Multi-Housing Investment Sales

HFF announced that Nathan Blair has joined the firm as a director in its San Francisco office to focus on multi-housing investment sale transactions in Northern California.

Realm Group Begins Construction of Calif. TOD

Realm Group LLC announced it has started construction on a 349-unit transit-oriented development called Monterey Station, which is located in Pomona, Calif.

Auction.com Sells $14 Million CRE Assets

Auction.com, an online real estate marketplace, facilitated the closing of six commercial assets totaling more than $14 million in purchase price and two commercial notes totaling $465,000 in value during the week of July 31, 2013.

NWP Sets New Standard in Electronic Data Exchange Services in Multifamily Utility Management

NWP Services Corporation (NWP), a provider of utility cost recovery solutions, has initiated a “renaissance” in utility management with its electronic data exchange (EDE) services.

SummerHill Apartment Communities Creates Southern California Division and Hires Patrick S. Simons as Senior Vice President

SummerHill Apartment Communities, a division of SummerHill Housing Group based in San Ramon, Calif., announced that the firm has hired multifamily industry veteran Patrick S. Simons as senior vice president to lead SummerHill Apartment Communities’ new Southern California division.

TODAY’S DEALS: NorthMarq Arranges $23.25M Life Insurance Company Loan with Advance Rate Lock

NorthMarq Capital brokers first mortgage refinancing of $23.25 million for Woodlake Apartments in Gurnee, Ill.; and Los Angeles County apartment complex changes hands at $9.9 million.

TODAY’S DEALS: HFF Arranges $33.05M Sale on Behalf of Prime Residential

HFF announced that it has brokered the sale of The Artisan, a 434-unit, garden-style community in Denver; and Alliant Capital closes on a $1.2 million refinance.

AMCAL Completes LA County Affordable Housing

Park Place Apartments, a part of the redevelopment of the Lynwood Gardens neighborhood in Lynwood, has opened. The 99-unit affordable housing project replaces an outdated commercial building and rundown market on the site.

American Campus Communities Offers Faster Internet Service to Callaway House Residents

The Callaway House Austin, a new off-campus community serving University of Texas at Austin students, will offer unprecedented Internet service of up to one Gigabit per second per resident.