MULTIPLE MULTI-FAMILY DEALS
| HFF's Roberto Casas dubbed '09 multifamily activity anemic, but now says the blood is flowing, as HFF helped sell two multi-family projects in Dallas. (This blood talk has us wondering where Bella & Edward might invest. We know you get the reference—Twilight didn’t make $400 million without everyone seeing it.) | |
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Roberto and HFF’s Bill Miller repped Bank of America in the sale of the 332k SF Broadstone Parkway Class A mixed-use property (on seven acres) in Dallas to USAA Real Estate Company for an undisclosed sum. The two-year-old complex, across from the Galleria at 5005 Galleria Dr., has 333 residential units (93% leased) and 40k SF of retail space (42% leased). Roberto tells us he expects to see a few deals marketed in the first half of 2010 and activity to pick up in the second half. | |
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HFF’s investment sales team (Bill and Roberto again) repped Equity Residential in its sale of a far North Dallas 255-unit multi-housing complex, Preston Bend, to a private California investor (again for an undisclosed amount; we’re hoping these secrets are all revealed onLost tonight.) The nine-acre Class B property at 18790 Lloyd Dr. is 96% leased. Anterra Realty prez Richard Hoffmann repped the buyer. | |
