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The company said it was unaware of any injuries related to the affected sport utility vehicles, which were 2020-22 models.

A California real estate agent will go to jail for six months for forging clients’ signatures on documents.

Daniel Montano, 29, a licensed agent with RE/MAX Gold Coast Realtors will also repay more than $100,000 in restitution and serve two years of probation, Ventura County District Attorney Erik Nasarenko said in a Wednesday press release. He has already repaid $68,500 to his victims.

Montano was arrested in November 2022 and pleaded not guilty to 15 counts of theft and forgery, according to Inman. Then in August, he changed his plea to guilty on four counts of forgery. He also admitted that “the crimes indicated planning, sophistication and professionalism, and that he took advantage of a position of trust and confidence when he committed the offenses,” the release said.

In 2020, the RE/MAX agent forged his victims signatures on multiple California Association of Realtors forms. He then sent the documents to escrow on the sale of properties in Ventura, according to the prosecution. 

“County residents rightfully place a lot of trust in real estate agents they choose to represent their families,” said Dominic Kardum, who prosecuted the case. “When those agents violate that trust, the District Attorney’s Office will hold those individuals responsible by vigorously investigating and prosecuting their violations of the law.”

Montano cannot practice real estate until his probation ends. 

— Caysey Welton

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TA Realty has added to its Nashville-area portfolio with the purchase of a multifamily complex in Bellevue.

The Boston-based investment giant paid $99.34 million for the 322-unit Novel Harpeth Heights apartments at 615 Old Hickory Boulevard, the Nashville Business Journal reported. That’s about $308,500 per unit.

The seller was Charlotte-based Crescent Communities, which bought the 22-acre site for $3.2 million in 2021 before developing the complex in partnership with Pearl Street Partners. Novel Harpeth Heights was completed last week. Floor plans include one-, two- and three-bedroom units, and there is 28,000 square feet of amenity space. 

TA Realty’s latest acquisition further establishes its presence in the Greater Nashville area. The firm set a record for priciest multifamily purchase in Franklin in April 2022, when it paid $145 million, or $442,073 per unit, for The Harper Apartments. That was the eighth largest real estate deal in the Nashville area last year, the outlet reported.

TA Realty also bought downtown’s One Nashville Place tower for $98.8 million in 2014, while investing on behalf of a client. 

Elsewhere in the United States, TA Realty recently purchased a 315-unit apartment complex in Raleigh, North Carolina for $114.5 million. In July, the firm cashed out with the sale of an industrial property in Chicago’s southwest suburbs for $31 million, seven years after acquiring the site for just shy of $18 million. 

—Quinn Donoghue

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The products, which include over-the-counter drugs, medical devices and hygiene supplies, were not stored at proper temperatures, the company said.