NEWPORT BEACH, CA-The 1031 exchange buyer acquires the apartment complex for $10.4 million at a 5.5% cap rate in the latest roundup of commercial real estate news in the West.

SANTA BARBARA, CA-The company’s RENTCafé Internet listing service for searching apartment listings is now available via iPhone App.

SEATTLE-Bentall Kennedy names Madison Marquette Retail Services to provide management for Westwood Village, a grocery-anchored center that the Toronto-based company recently bought.

NOVATO, CA-The two companies form a partnership to provide information and services to the apartment industry.

LOS ANGELES-Rents have flattened out in the region, which is an improvement after two years of decline, the USC Lusk Center Casden Forecast says.

ORANGE COUNTY-Absorption continues for the third straight quarter in the county’s office market, although demand remains weak and rental rates continue to decline.

SANTA ANA, CA-The company receives notice from the NYSE that it is not in compliance with listing standards that require a minimum average closing price of $1 per share over 30 consecutive trading days.

With baseball season here again, it's time to check in on the progress of the recovery.