Veranda Apartment Homes Sells for $20.4 Million
FULLERTON, CA-Fifth Street Realty Partners in a JV with Angelo, Gordon & Co. has sold Veranda Apartment Homes—a 128-unit multifamily community at 140 West Hill Ave. in Fullerton, CA to the Bascom Group for $20.4 million. Brett Betzler, a director in the California office of Moran & Co. represented the seller in the transaction. The sale closed February 29, 2012. 03.01.2012
Moran & Company Fast-Tracks Two Twin Cities Transactions
Chicago-based Moran & Company announces it has closed two Twin Cities multifamily transactions in February: 222 Hennepin, a high-profile mixed-use development in downtown Minneapolis featuring 286 luxury apartments and a Whole Foods Market; and Regency Woods, a 282-unit luxury apartment community in suburban Minnetonka, Minn. 10.13.2011
Downtown Denver’s Solera Apartments Sold for $37 Million
Denver, CO (October 13, 2011) – Zocalo Community Development, in partnership with Principal Real Estate Investors, has agreed to sell Solera, its high-rise downtown apartment project to The Connell Company of Berkeley Heights, New Jersey for $37 million. The building features 120 units and 5,200-square feet of retail space. The sale, which was finalized Thursday, represents a record price per unit and record price per square foot for the state of Colorado. David Martin and Pamela Koster of Moran and Company represented the seller in the sale. 09.13.2011
Moran & Company Opens New Houston Office
CHICAGO (September 13, 2011) – Chicago-based Moran & Company, a real estate services firm specializing in the sale and recapitalization of multifamily communities throughout the United States, announced today the expansion of its Southwest Region with the addition of a Houston office. Jeffrey Skipworth of Moran and Company’s Dallas office will be promoted to Houston Director and will open the office. Chairman Thomas F. Moran, President Mary Ann King, and Southwest Region Managing Partner, Paul Harris made the announcements.
Formed in 1971 as an apartment investment firm, Moran and Company has evolved into a premier, multifamily transaction services firm that provides leadership in complex transactions at every point in the investment cycle.... from peak to trough. We focus all of our energies on the multifamily asset class and on mixed-use properties with significant residential components.
Combining our own resources with the resources of our affiliated companies, Moran & Company provides its clients with a broad range of multifamily services including asset sales and recapitalizations, as well as property and asset management, development services, assistance with loan workouts, and other capital markets and advisory services. Since 1994, Moran & Company has handled the sale or recapitalization of over 87,000 apartments, representing $11 billion in value.
With regional offices in California (Irvine), the Pacific Northwest (Seattle), the Southwest (Dallas), the Mountain States (Denver), the Midwest (Chicago), and the East Coast (Washington DC), Moran & Company provides national coverage, as well as local expertise, in virtually all of the major investment markets. Clients rely on Moran & Company for the breadth of our experience, the effectiveness of our customized execution strategies, and the sophistication and professionalism of our representation.
