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.
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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.
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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.
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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.
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