Multifamily

LAS VEGAS-The casino operator makes several personnel shifts in early preparation for the November 2009 opening of the company's $7.4-billion mixed-use development on the Strip.

It is more important than ever that property managers improve operational efficiency to enhance margins, cash flow and overall business performance.

DALLAS-On closing day, Advenir renames Heights of Lake Highlands and jumps into a $1.8-million renovation. The buyer is holding another contract in its bid to buy 4,000 units.

BEVERLY HILLS, CA-Kennedy Wilson refinances 17 of its multifamily properties in Japan with a loan that fixes the rate and lengthens the term.

SAN FRANCISCO-The value-add apartment investor has given itself an extra year to invest the equity due in part to financial markets.

IRVINE, CA-Scala Real Estate Partners plans to acquire, develop and recapitalize residential and mixed-use projects in California.

OKLAHOMA CITY-Accord Interests forks over $16.8 million to Albion Properties for Water Garden Apartments. A major renovation and name change are part of the plan.

HOUSTON-TA Realty Advisors' Fund VIII buys Retreat at Cypress Station from a local developer. Similar assets in the market are selling for $110,000 per door.