West
VCC Hires Industry Leader to Head Servicing Division
Velocity Commercial Capital, a specialty finance firm focusing on originating, acquiring and securitizing small balance commercial loans, announces the addition of Jack Jacob to its senior management team.
L.A.’s 8500 Burton Way Captures Prestigious Award
The Los Angeles Business Journal has honored Bernards and Caruso Affiliated with its 2013 Commercial Real Estate Gold Award in the Mixed-Use category.
Ground Broken on Affordable Housing in Irvine
Affordable housing specialist Jamboree Housing Corp. has broken ground on the second phase of Doria Apartment Homes in Irvine, Calif.
Bascom Arizona Ventures Acquires $36.7M Community
Bascom Arizona Ventures has closed the acquisition of the Highlands Apartments, a 272-unit property in Scottsdale, for $36.7 million. It’s the eighth apartment property that the company has bought in Arizona.
Corelogic Names Pam Storm Senior Vice President of Specialty Credit
CoreLogic, a residential property information, analytics and services provider, announced the appointment of Pam Storm as senior vice president of Specialty Credit.
Investor Obtains Acquisition Financing for West Coast Multifamily
Multifamily investor Pacific Urban Residential has obtained $43.7 million in first mortgage debt for the acquisition of two apartment properties, one in Seattle and the other Los Angeles.
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.