LOS ANGELES—Now known as Colony Capital Inc., the combined company represents about $19 billion in assets under management and $13 billion of equity under management.

WOOD-RIDGE, NJ—High Point Development has begun construction on Wright Place at Wesmont Station, a new for-sale luxury townhome community at Wesmont Station. It's a joint-venture initiative between High Point and Somerset Development, developer of Wesmont Station, the mixed-use, transit-oriented neighborhood in Wood-Ridge, NJ.

DALLAS--Newport Beach, Calif.-based MIG Real Estate has made its ninth multifamily acquisition in Texas. The company has purchased The Regency at Stonebridge Ranch, a 301-unit luxury townhome apartment community, in McKinney.