In Memoriam Sanford Goldston, chairman and founder of The Wallick Cos., died Jan. 1 at age 74. Goldston co-founded the Columbus, Ohio-based firm in 1966 and grew The Wallick Cos. into one of the country's top affordable housing developers and operators—the firm landed the No. 38 spot on MFE's 2006 list of the Top 50 multifamily builders. Goldston will be remembered for his commitment to affordable housing, as well as for his giving spirit. “So much could be said about his business abilities and achievements, [but] people loved Sandy because of his invaluable virtues,” says Tom Feusse, who succeeded Goldston as CEO in July 2006. “He was caring, compassionate, always generous, and did whatever he could so that everyone around him, personally and professionally, would be better off.” Goldston is a member of the Columbus Apartment Association Hall of Fame and was a recipient of the Sidney Spector Memorial Award, which recognizes dedication to providing senior housing. - Rachel Z. Azoff

Foreign Affairs Sam Zell is headed into international territory. His firm, Chicago-based Equity International, spent $75 million to acquire minority stakes in two senior housing developers in New Zealand and Great Britain, according to Crain's Chicago Business. Equity International acquired a 28 percent stake in both London-based Renaissance LifeCare and in Auckland, New Zealand-based Sanctuary Residences. This marks the firm's first investment in retirement real estate; its international portfolio includes Latin American mall operators and homebuilders in China, Mexico, and Egypt. Rachel Z. Azoff

Last Resort West Millennium Group project development manager Derek Baak says the Los Angeles-based firm may have to abandon a 105-room hotel and 191-unit condo project in the Anaheim, Calif., resort district, despite indications that the Walt Disney Co. may look more favorably on residential development within the 2.2-square-mile zone surrounding its theme parks. Current zoning prohibits residential development in that district, but the Anaheim City Council may approve projects on an ad hoc basis. Despite council backing, Baak says, the project might not pencil out, thanks to today's lending environment. “We've spent a significant amount of money, and it would hurt to walk away,” Baak told the Los Angeles Times. “But you can't throw good money after bad money.” - Chris Wood

High Honors Harvey E. Green, president and CEO of Marcus & Millichap Real Estate Investment Brokerage Co., will be honored on April 17 at the Jewish Federation of Greater Los Angeles' annual real estate and construction division dinner. Green oversees more than 1,300 investment real estate specialists in 71 offices across the country, and is involved in numerous industry organizations, including the National Apartment Association and the International Council of Shopping Centers. - Rachel Z. Azoff