HOFFMAN ESTATES, IL—However, the move from net loss to net income for Q2 stemmed mainly from the parent company's sale of stores and joint venture interests to its spin-off REIT.

LOS ANGELES—Bank of America Merrill Lynch's Charmaine Atherton plans to focus on Southern California's affordable housing crisis in her two-year term as chair.

SAN DIEGO—Three apartment complexes totaling 171 units was sold to Positive Investments in a deal brokers by Lee & Associates.

FORT WORTH--Hillwood Properties, developer of the 18,000-acre master-planned, mixed-use AllianceTexas development, has purchased approximately 260 acres in Northlake to launch the latest sector within the AllianceTexas development, Alliance Northport.