West
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.
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.
Dominium Acquires Arizona Affordable Apartments
Dominium has purchased The Sahuarita Mission Apartments, a 52-unit affordable apartment community in the Tucson-area municipality of Green Valley, Ariz.
MacFarlane Acquires Land for Seattle Community for $2.7M
Investment management firm MacFarlane Partners has announced that it has acquired 251 8th avenue North in the South Lake Union area of Seattle, the final parcel for the site of a new 174-unit community.
Brandywine Homes to Break Ground on Calif. Community
Brandywine Homes recently closed escrow on a multifamily community in Buena Park, Calif.