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.
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.
Moran & Company is a boutique brokerage firm that
specializes in the sale of institutional quality apartment
communities. Since our inception in 1971, we have
focused all of our energies on this single asset class.
With regional offices in the Midwest, the Southeast, the Mid-Atlantic, the Southwest, the Rocky Mountains, in the Pacific Northwest and on the West Coast, Moran & Company provides local expertise in most of the major apartment markets. Apartment sellers seek out Moran & Company for the professionalism of our people, the effectiveness of our process and our track record in delivering our price.
With regional offices in the Midwest, the Southeast, the Mid-Atlantic, the Southwest, the Rocky Mountains, in the Pacific Northwest and on the West Coast, Moran & Company provides local expertise in most of the major apartment markets. Apartment sellers seek out Moran & Company for the professionalism of our people, the effectiveness of our process and our track record in delivering our price.
