SANTA MONICA, CA-The local real estate developer and multifamily operator is utilizing the loan proceeds to purchase the property and convert the property to residential use.

SEATTLE-Clarion Partners bought the 598,000-square-foot 1600 Seventh Ave. here from Qwest Communications, which will remain as a tenant in approximately 260,000 square feet.

LOS ANGELES-In a recent Q&A, Indvik tells GlobeSt.com that the firm has the ability to grow to as many as 250 offices with about 6,000 to 7,000 agents in North America.

DENVER, CO-The five-story Alta City House is Wood Partners’ third development in the Denver area and will include 280 units with one- two- and three-bedroom floor plans just west of Union Station.

LOS ANGELES-The general theme at a recent housing event was on the preservation of existing affordable housing throughout the West, but particularly in California, through refinancing, recapitalization and rehabilitation.

TORRANCE, CA-GlobeSt.com hobnobbed with industry professionals last night at Partner Engineering’s new green building and then at Buchanan Street’s Encore for Education charity concert event.

SAN MARCOS, CA-The firm recently purchased a senior apartment complex via a 10‐year, fixed-rate Fannie Mae execution for $12.44 million and says demand is strong for age‐restricted properties here in this week’s wrap up of deals.

SAN FRANCISCO-Neches worked for 17 years with the San Francisco Redevelopment Agency as a senior real estate negotiator and project manager.