Vista Realty Partners and Fairfield Residential have completed a more than $70 million portfolio deal that preserves hundreds of metro Atlanta affordable apartment units. Fairfield Residential Co. bought two properties, Longwood Vista near Doraville and Lakeside Vista in Kennesaw, for just under $71 million, or about 114,000 per unit. Both...
Having recently transitioned to brokerage after spending eight years on the principal side for Invesco Real Estate, where he closed $600 million in acquisitions, Derrek Ostrzyzek has made an immediate impact. As a director covering Southern California, he’s part of a team that within the past 18 months has completed 30 transactions...
Koreatown has found its way back onto the institutional radar, and this time, it is may be there for good. Four years ago, TruAmerica Multifamily purchased the Vermont in Koreatown for an astounding $283 million, putting the Downtown Los Angeles-adjacent market on the map. Then, with little institutional quality product available in the market,...
A lack of class-A apartments to support the 120,000-plus jobs in this popular office and industrial neighborhood of San Diego is keeping investors interested in this submarket, Moran & Co.’s Derrek Ostrzyzek tells GlobeSt.com. SAN DIEGO—A lack of class-A apartments to support the 120,000-plus jobs in the popular office and industrial...
Denver, CO – Real estate investment firm Holland Partner Group and Pacific Life Insurance Company have made a significant joint-venture investment in the Denver area with the acquisition of the 304-unit luxury apartment complex ALARA at Greenwood Village. David Martin and Pamela Koster, Mountain States Regional Partners of Moran & Company,...
Denver, CO – Avesta Communities, a Tampa based multifamily investment and management firm, has made a significant investment in the Denver area with the recent acquisition of the 276-unit luxury apartment community Altitude Westminster, formerly known as 9100 Vance. David Martin and Pamela Koster, Mountain States Regional Partners of Moran &...
As apartment super-boutique Moran & Co. expands its platform, one thing it isn’t looking for is brokers. The Chicago-based shop has added sales executives in two markets in the last two months and aims to hire more. But in keeping with its model, Moran is recruiting principal-side veterans, not experienced sales brokers. “We’ve had very....
As a catalyst for the transformation of Los Angeles’ Arts District, One Santa Fe was a groundbreaking mixed-use project. As the subject of an investment sale, the property at 300 S. Santa Fe Ave. in L.A. was backed by an incredibly complex” capital structure, in the words of Moran & Co., which marketed One Santa...