Real estate briefs for Sept. 8

Kansas City firm buys Ridgeview

Kansas City, Mo.-based SBV Communities bought 119-unit, 148,008-square-foot Ridgeview Apartments, 6708 W Wilshire Blvd., from Ridge View Apartment Homes LLC for $2,000,500, in a transaction handled by William Forrest, David Forrest and Eva Wills, of CB Richard Ellis-Oklahoma. It was the fifth multifamily property purchase in 2012 for SBV Communities, which now owns apartments in 13 markets. “Oklahoma City is an exciting market with a lot of positive changes happening. The continued redevelopment of its downtown, its commitment to its public schools and the job growth we've seen — specifically in the energy and aerospace sectors — is really encouraging and we're obviously interested in getting involved,” said Chris Thomson, director of multifamily acquisitions.

Pape picked for settlement board

Donald A. Pape, an attorney with Oklahoma City law firm Phillips Murrah PC, has been named to the national nonprofit Office of Mortgage Settlement Oversight's board of directors by Joseph A. Smith Jr., court-appointed monitor of the national mortgage servicing settlement. Oklahoma is the only state not participating in the national settlement with five big lenders; state Attorney General Scott Pruitt negotiated a separate settlement. Other board members are John S. Allison, former Mississippi banking commissioner; Bonnie Hancock, executive director of the Enterprise Risk Management Initiative at North Carolina State University Poole College of Management; James E. Holshouser, attorney and former governor of North Carolina; and D. Keith Pigues, dean of the School of Business at North Carolina Central University. The board will oversee business operations of the Office of Mortgage Settlement Oversight and will have no role in overseeing the national mortgage settlement. Smith is the sole monitor of the settlement.