02.23.2009
Apartment Sale Reflects Strength of Downtown Market
COSTA MESA, Calif. – Boston-based Berkshire Property Advisors L.L.C. has acquired Glo, a 201-unit, mixed-use apartment community in downtown Los Angeles, for $47.5 million, or $236,318 per unit, from a joint venture between Vancouver, Wash.-based Holland Partners and other equity participants. The sale was brokered by the West Coast office of Chicago-based Moran & Company.
01.05.2009
Core Apartment Deal in Pasadena Sells for $34.9 Million
PASADENA, Calif. – Arpeggio, a 135-unit apartment community in Pasadena, Calif. was acquired by an institutional investor on Dec. 10, 2008. Blackrock was the seller, and netted $34.9 million, or $258,500 per unit, from the sale. Moran & Company was the exclusive listing agent with Mary Ann King, president, and Brett Betzler, a senior broker in Moran & Co.’s West Coast office, representing the seller.
09.28.2008
American Realty Advisors Acquires a 304 Unit Luxury Multifamily Community in Greenwood Village, Colo.
DENVER – American Realty Advisors, a national real estate investment manager based in Glendale, CA has purchased Brookside Village, a 304 unit apartment community in Greenwood Village, CO. Moran & Company was the exclusive listing agent with partners, David Martin and Pamela Koster of Moran & Company’s Mountain States office representing the seller. The property was marketed on behalf of the seller, institutional investors advised by JPMorgan Asset Management – Real Estate. The property was rebranded as one of American’s ALARA® apartment communities and will be known as ALARA Greenwood Village.
07.24.2008
The Milestone Group Acquires a 358 Unit Multifamily Community in Westminster, Colorado
DENVER – The Milestone Group, a Dallas, TX -based real estate investment firm, has purchased the 358 unit apartment community in Westminster, Colo. formerly known as Camden Arbors. Moran & Company was the exclusive listing agent with partners, David Martin and Pamela Koster of Moran & Company’s Mountain States office representing the seller.