MIAMI—Affiliates of locally-based Lionstone Development have acquired the 124-bed One Bal Harbour Hotel and nine condominium units for a combined purchase price of $12 million.

NEW YORK CITY—Industry veteran Michael J. McNamara has been named senior managing director and global head of real estate investments for Manulife Asset Management Private Markets.

PHOENIX—Bruce Ward, Alliance Residential Company's chairman and CEO has been named the 2014 Executive of the Year by Multifamily Executive, one of the leading trade publications for the multifamily housing industry.

PHOENIX—ABI Multifamily has facilitated the sale of Fountainhead, an apartment community located in Phoenix. The 273 Unit garden-style, gated community was originally built in 1984 and sold for $8.1 million.