West
TruAmerica and Partners Buy San Jose Apartments for $38M
A partnership between TruAmerica Multifamily, Vista Investment Group and Western Investments Capital, has acquired Avenel Apartments in San Jose, Calif., for $38 million. The property is a 168-unit multifamily community originally built in 1987.
Boyd Management Inc. Adopts Yardi SaaS Select Platform and Adds Online Procurement and Payment Processing
Yardi announced today that Boyd Management Inc. (BMI), an affordable housing management firm based in South Carolina, has begun the process of upgrading its software and database hosting service to Yardi SaaS Select.
Toll Brothers Announces Agreement to Purchase Shapell Homes; Acquisition Will Significantly Expand Toll’s California Presen
Toll Brothers Inc. and Shapell Industries Inc. announced that they have entered into a definitive purchase agreement under which Toll Brothers will acquire the home building business of Shapell in a stock acquisition for approximately $1.60 billion in cash.
Laurence Pelosi Joins Thompson | Dorfman Partners New Division TDP | Bay Area Partners
Thompson | Dorfman Partners LLC, a developer, owner and manager of multifamily real estate, announced that Laurence Pelosi has joined TDP | Bay Area Partners LLC, a Thompson | Dorfman company, as a partner.
Vitus Group Acquires San Diego Affordable Housing Community
The Vitus Group announced that it has acquired Meadowbrook Apartments in San Diego and has plans to perform a $17 million renovation on the affordable housing community.
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.