West
SARES•REGIS Group Acquires 192-Unit Calif. Community
SARES•REGIS Group, which launched its multifamily fund back in March, acquired its first apartment community, Avalon at Civic Center, a 192-unit community in Norwalk, Calif., which it purchased from Avalon Bay.
Hendricks-Berkadia Adds VP Wade Schmitz to New Houston Office
Hendricks-Berkadia, the investment sales business unit of Berkadia Commercial Mortgage LLC (Berkadia), recently announced the hiring of Wade Schmitz as a vice president with the firm.
Auction.com Names Rick Sharga as Executive Vice President
Auction.com, an online real estate marketplace, announced that Rick Sharga has been named executive vice president.
Holland Partners Group Develops $53M Mixed-Use L.A. Community
Holland Partners Group announced that its $53 million mixed-use community at 1111 Wilshire Blvd. in Downtown Los Angeles is open for leasing.
Western National and Nor’wood to Develop Colorado Springs Community
In their fourth joint venture in Colorado Springs, Colo., Western National Group and Nor’wood Development Group are developing a multifamily community in the InterQuest Marketplace development.
Auction.com Names Michael Callahan as Executive Vice President, Chief Legal Officer and Secretary
Auction.com announced that Michael Callahan has been named executive vice president, chief legal officer and secretary.
SoCal Rental Community on Track for February 2014 Completion
A rental community featuring both townhomes and apartments is being developed on a 1.1-acre parcel in southern Garden Grove, a city in the heart of Southern California’s Orange County.
Trammell Crow Company Selected as Development Company for Colo. TOD
Trammell Crow Company recently announced it has been selected as the preferred development company by the Executive Oversight Committee to begin negotiations on a transit-oriented community in the Arvada Olde Town site in Arvada, Colo.
Yardi Acquires Pierce-Eislen
Yardi® announced today that it has acquired Pierce-Eislen®, a supplier of property- and market-level research and reporting for the multifamily industry in 58 markets throughout the U.S.
Emeritus to Operate Merrill Gardens’ Seniors Portfolio
Seniors housing specialist Emeritus has inked a deal to take over operation of 38 properties currently run by Merrill Gardens.