637-Unit Enclave Sells in Largest California Apartment Transaction of 2012
San Jose, Calif. – Berkshire Property Advisors has purchased the Enclave Apartments for $173,750,000 in the largest California apartment transaction of 2012. The 637-unit property, built in 1998, was purchased from a fund controlled by Essex Property Trust. Enclave is comprised of eight three-story buildings, each over a below-grade single-level garage. It is situated on a 15.6 acre site at 4343 Renaissance Drive in San Jose, California. 01.03.2013
Archstone Warner Center Sells in Largest 2012 Southern California Apartment Transaction
Warner Center, Calif. – AMLI Residential has purchased Archstone Warner Center (now called AMLI Warner Center) in the largest Southern California apartment transaction of 2012. The 522-unit property, built in 2006, was purchased from Archstone. Brett Betzler, a director, and Mary Ann King, president, of Moran & Company brokered the sale. 06.14.2012
John Hancock Realty Advisors Inc. is taking on the biggest apartment deal in the Chicago suburbs in more than four years, paying $87.25 million for a 409-unit complex in downtown Arlington Heights
John Hancock has agreed to buy Avalon Arlington Heights from AvalonBay Communities Inc., a Washington-based real estate investment trust that has been selling off its Chicago-area properties, according to people familiar with the transaction. 03.05.2012
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.
Moran & Company is an industry leading, third party transaction services firm with a singular focus on the multifamily asset class, including mixed-use properties with predominant residential components. Its unmatched team of multi-disciplined senior partners and professionals is widely respected for providing leadership in complex sale and capitalization assignments at every point in the investment cycle.
Under the direction of founding partners Tom Moran and Mary Ann King, Moran & Company has handled the sale, capitalization or recapitalization of more than 127,000 apartments, representing $16 billion in value since its inception in 1994. Today, Moran operates throughout the United States from offices in Chicago, Dallas, Denver, Houston, Irvine, Phoenix, Seattle and Washington DC. Clients rely on Moran & Company for the breadth of our experience, the effectiveness of our customized execution strategies and the sophistication of our representation.
Unlike traditional brokerage firms, Moran is structured as a true partnership with each member of the firm incentivized to make the overall firm as successful as possible, thereby fostering absolute dedication to the provision of superior client service as the overarching goal of each Moran partner and employee.
