06.23.2008
Sobrato To Market Expo62 as Apartments
SEATTLE-Expo62, a 114-unit condominium development by Seattle-based Intracorp Real Estate LLC will be marketed as a luxury apartment project owned by its new owner, Sobrato Development Cos. The Cupertino, CA-based company acquired the under-construction project quietly in February from Seattle-based Intracorp Real Estate LLC for $48 million, which translates to $421,000 per unit and $475 per sf. As part of the deal, which completed a 1031 exchange for Sobrato, Intracorp will deliver the completed building to Sobrato by the end of July. 05.27.2008
Moran and Company is Named 2007 CoStar Power Broker
Moran and Company is pleased to announce that we have been named among Dallas/Fort Worth's 2007 CoStar Power Brokers for sales activity by CoStar Group. We were measured against all the commercial real estate brokerage firms active in our region and ranked based on overall sales transaction volume for 2007 as reported to CoStar. As the largest, independent information provider to commercial real estate professionals in the United States and United Kingdom, CoStar is uniquely qualified to rank and recognize the most active firms and individual dealmakers in each market. As a winner of CoStar's 2007 Power Broker Award, we are now recognized as one of the top commercial real estate firms in the United States. 02.15.2008
The Pines at Broadmoor Bluffs, a 108-Unit Luxury Multifamily Community in Colorado Springs, Sells for $12.69 Million
DENVER – An affiliate of Calif.-based ConAm Group of Companies has purchased a 108-unit apartment community in Colorado Springs, Colo. from Denver-based Baron Properties for $12.69 million. Moran & Company was the exclusive listing agent with partners, David Martin and Pamela Koster of Moran & Company’s Mountain States office representing the seller. 01.24.2008
Forest City Enterprises buying Wilson Building in downtown Dallas
Developer Forest City Enterprises – which is redeveloping the Mercantile National Bank Building – is adding to its holdings downtown with the purchase of another historic property. Forest City is buying the 105-year-old Wilson Building at Main and Ervay streets. Moran & Company was the exclusive listing agent with partner, Paul Harris of Moran & Company’s Southwest office representing the seller. 01.02.2008
New Warner Center Condo Deal Sells to Apartment Investor for $44 million
WOODLAND HILLS, Calif. – Cupertino, Calif.-based Sobrato Development has purchased The Montecito, an 85-unit multifamily community in the Warner Center area of Woodland Hills, Calif., from Burbank, Calif.-based Chandler Partners, for $44 million, or $518,000 per unit, in a deal brokered by the West Coast office of Moran & Company. Mary Ann King, president, and Brett Betzler, a vice president, brokered the transaction. The sale closed on December 20, 2007, upon completion of construction.
Sobrato To Market Expo62 as Apartments
SEATTLE-Expo62, a 114-unit condominium development by Seattle-based Intracorp Real Estate LLC will be marketed as a luxury apartment project owned by its new owner, Sobrato Development Cos. The Cupertino, CA-based company acquired the under-construction project quietly in February from Seattle-based Intracorp Real Estate LLC for $48 million, which translates to $421,000 per unit and $475 per sf. As part of the deal, which completed a 1031 exchange for Sobrato, Intracorp will deliver the completed building to Sobrato by the end of July. 05.27.2008
Moran and Company is Named 2007 CoStar Power Broker
Moran and Company is pleased to announce that we have been named among Dallas/Fort Worth's 2007 CoStar Power Brokers for sales activity by CoStar Group. We were measured against all the commercial real estate brokerage firms active in our region and ranked based on overall sales transaction volume for 2007 as reported to CoStar. As the largest, independent information provider to commercial real estate professionals in the United States and United Kingdom, CoStar is uniquely qualified to rank and recognize the most active firms and individual dealmakers in each market. As a winner of CoStar's 2007 Power Broker Award, we are now recognized as one of the top commercial real estate firms in the United States. 02.15.2008
The Pines at Broadmoor Bluffs, a 108-Unit Luxury Multifamily Community in Colorado Springs, Sells for $12.69 Million
DENVER – An affiliate of Calif.-based ConAm Group of Companies has purchased a 108-unit apartment community in Colorado Springs, Colo. from Denver-based Baron Properties for $12.69 million. Moran & Company was the exclusive listing agent with partners, David Martin and Pamela Koster of Moran & Company’s Mountain States office representing the seller. 01.24.2008
Forest City Enterprises buying Wilson Building in downtown Dallas
Developer Forest City Enterprises – which is redeveloping the Mercantile National Bank Building – is adding to its holdings downtown with the purchase of another historic property. Forest City is buying the 105-year-old Wilson Building at Main and Ervay streets. Moran & Company was the exclusive listing agent with partner, Paul Harris of Moran & Company’s Southwest office representing the seller. 01.02.2008
New Warner Center Condo Deal Sells to Apartment Investor for $44 million
WOODLAND HILLS, Calif. – Cupertino, Calif.-based Sobrato Development has purchased The Montecito, an 85-unit multifamily community in the Warner Center area of Woodland Hills, Calif., from Burbank, Calif.-based Chandler Partners, for $44 million, or $518,000 per unit, in a deal brokered by the West Coast office of Moran & Company. Mary Ann King, president, and Brett Betzler, a vice president, brokered the transaction. The sale closed on December 20, 2007, upon completion of construction.
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.
