homeWelcome, sign in or click here to subscribe.login
     


 

 

Real Estate


print  email to a friend  reprints add to mydjc  

April 9, 2020

Moran has local ties in big Bay Area deal

Back in December, on behalf of two married investors in California, Moran & Co. sold two older Kent apartment complexes with 361 units for $79 million. Moran's Jeff Williams, Tim Brown, Amy Laramore and Matt Ricci also secured the buyers of both properties (the Royal Firs and Lake Meridian apartments), which were Phoenix Realty Group of New York and partner Hanover Real Estate Investors, of the Bay Area. The sale was a 1031 exchange, and Moran recently helped the California couple find a new property to purchase: the new 130-unit Baxter on Broadway apartments, which are in Oakland. Williams and Brown, with Brett Betzler in Moran's San Francisco office, brokered that $81 million deal. It closed at the end of March, and was worth about $623,000 per unit.




Email or user name:
Password:
 
Forgot password? Click here.