West
California Apartment Manager Sets Up Shop in Vegas
Sunrise Management, a San Diego-based residential real estate management specialist, has opened a new Las Vegas division and tapped multifamily expert Kathy Relyea to oversee it.
Yardi Signs On Again as an IREM Industry Partner
The Institute of Real Estate Management (IREM®) announced that Santa Barbara-based Yardi Systems Inc. has become a 2013 IREM® “Industry Partner” at the highest level of participation, continuing a long-time, mutually rewarding relationship between the two organizations.
Bellwether Enterprise Announces More Than $1.5 Billion in 2012 Production
Bellwether Enterprise announced it provided more than $1.5 billion in financing in 2012, including $1.2 billion since Bellwether Real Estate Capital merged with Enterprise’s Multifamily Mortgage Finance business in May of 2012.
Joint Venture Invests in California Seniors Community
The Community Development Trust has recently partnered with Thomas Safran Associates to invest in a 200-unit seniors community in Santa Ana, Calif.
Joint Venture to Develop Mixed-Use Community for the San Francisco Transbay Project
A joint venture, including Avant Housing LLC, AGI Capital Group, TMG Partners, CalPERS, Essex Property Trust and BRIDGE Housing, was selected to negotiate with the Successor Agency to the San Francisco Redevelopment Agency to build a mixed-used development on Transbay Block 9 in San Francisco’s SoMa District.
Ground Broken for Oregon Student Housing
Work is under way on University House Arena District, a new 244-bed student housing development near the University of Oregon.
HFF West Coast Leadership Announcements
HFF experienced significant growth on the West Coast in 2012 and in response to this growth the firm has made changes to its West Coast leadership team.
San Diego County Apartments Trade for $3.5M
An apartment property at 1717 N. Vulcan Ave. in Encinitas has changed hands for $3.5 million. The seller was a partnership that had acquired the property in 2010 as a value-add, while the buyer was a private investor.
Dana Strand Senior Apartments Wins NAHB’s Gold Award for Best 50+ Affordable Rental Community
Dana Strand Senior Apartments has recently won NAHB’s Best of 50+ Housing Awards—Gold Award for Best 50+ Affordable Rental Community.
Yardi Systems Deploys Unified IP Business Communications Software from Interactive Intelligence
Yardi Systems, a provider of property management software and services, has deployed unified IP business communications software from Interactive Intelligence Group Inc.