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. 
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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08.07.2007
A 337-Unit Luxury Multifamily Community in Downtown Denver Sells for $75 Million
| DENVER – New York -based JP Morgan has purchased a Class A, 337-unit urban apartment community in Denver from Hartford, Conn.-based Cornerstone Real Estate Advisers, LLP for $75 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.
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