(Read more on the multifamily market.)

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IRVINE, CA-Western National Property Management has enlargedupon its 27,000-unit portfolio with a contract for leasing andmanagement of a new luxury complex being developed in Downtown L.A.by G.H. Palmer Associates, one of the premier builders ofapartments in the Downtown area. The new Western Nationalassignment is the 571-unit Orsini complex at 505 North FigueroaSt., one of 18 G.H. Palmer multifamily properties now undermanagement by Western National.

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G.H. Palmer has completed units in the first phase of theproject and expects the second phase of the Orsini to be ready formove-ins this summer, according to Craig Rooney, regional vicepresident of business development for Western National PropertyManagement. The 571 apartments will feature 25 different floorplans including studios, one-bedroom and two-bedroom units.

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The Orsini assignment expands on an existing arrangement betweenWestern National and Palmer in which the Irvine-based companybecame the sole manager for Palmer's portfolio. Western Nationalalso recently won a contract to manage a six-property, 677-unitportfolio of apartment complexes in Los Angeles County, the InlandEmpire and Orange County on behalf of Dr. Robert Ko.

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Besides its role as a property manager, Western National is thesecond-largest owner of multifamily housing in Orange County,behind the Irvine Co. Western National Property Management is oneof three entities under the umbrella of the 43-year-old WesternNational Group, which also includes Western National Constructionand a development and acquisition arm called Western NationalRealty Advisors.

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Rooney notes that the new Orsini complex will offer luxuryamenities including a clubhouse, a virtual sports center, anon-site park, two resort-style pools, a massage and tanning centerand a 31-seat screening room. Besides its properties in DowntownLos Angeles, Palmer also owns complexes in Canyon Country, SantaClarita, Woodland Hills and Upland.

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