West
TODAY’S DEALS: Carroll Organization Acquires Properties in Florida, Georgia and Tennessee for $102.5M
Carroll Organization, along with investment partner NorthStar Realty Finance Corp., has acquired four multifamily properties; and BH Properties purchases a Phoenix property for $6.2 million.
NWP Receives PCI Level 1 Certification
NWP Services Corporation announced it has been validated as compliant with the Payment Card Industry Data Security Standard (PCI DSS) as a Level 1 service provider for the fourth consecutive year.
Larry Sullivan Named President of Passco Companies
William O. Passo, founder and CEO of Passco Companies LLC, has announced the appointment of Larry K. Sullivan as president of the company following the resignation of former president William H. Winn, effective May 30, 2013.
Community HousingWorks Opens Home for Disabled Veterans and Families in Escondido
Community HousingWorks has set aside eight units for homeless veterans in its newest development, Avocado Court, a 36-unit apartment community in Escondido, Calif., that is available for families, seniors and other individuals.
TODAY’S DEALS: Ridge Capital Joint Venture Acquires Napa Portfolio for $39.5M
Ridge Capital Investors LLC and Redwood Real Estate Partners acquire two properties south of downtown Napa, Calif.; and Greystone originates $28 million in bridge loans for two seniors communities.
Auction.com Sells 12 Communities During Three-Day Multifamily Auction
Auction.com (www.auction.com), an online real estate marketplace, successfully auctioned 12 multifamily properties totaling 1,716 units during a three-day online auction earlier this month.
TODAY’S DEALS: HFF Arranges $6.1M in JV Equity, $17.8M Mortgage for Colorado Apartments
HFF arranges joint venture equity and Freddie Mac mortgage financing for a suburban property in Colorado; and NorthMarq Capital closes on a $12.56 million Freddie Mac mortgage.
Thompson | Dorfman Partners Hires Gillian Sutton Cho as Vice President of Development
Thompson | Dorfman Partners LLC, a professional developer, owner and manager of multifamily real estate, announced that industry veteran Gillian Sutton Cho has been hired as vice president of development.
Ground Broken on Southern L.A. County Affordable Housing
Work has started on Terracina Apartments, a new 72-unit apartment development in southern Los Angeles County.
Johnson Capital Expands as Colin Barnard Joins as VP in new Walnut Creek, Calif. Office
Johnson Capital, a national real estate capital advisory firm, announces that Colin Barnard has joined the firm as vice president in the company’s recently opened Walnut Creek office.