LAS VEGAS—'The change to Alternative and Direct Investment Securities Association better reflects our organization's mission and what we provide to the alternative investment industry,' says ADISA executive director and CEO, John Harrison.

SPARKS, NV—A.G. Spanos Cos. sells the 296-unit gated luxury apartment complex to Standard Management Co. in this week's wrap-up of deals.

IRVINE, CA—While US foreclosure activity increases in August, Southern California is one market that is definitely improving, RealtyTrac reports in this <b>UPDATE</b>.

PHOENIX—CBRE has completed the sale of the Tanque Verde apartment complex, 428-unit multifamily community located at 7671 E. Tanque Verde Rd. in Tucson. The multifamily asset sold for $21.3 million.