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Two multifamily properties fit Rastegar's acquisition criteria of being located in high-growth regions with the potential to flourish following strategic renovations.
With this increasing population explosion, investors continue to flock to the metro, with the Towne North shopping center in Irving being the latest example, selling for $17 million to a private investor.
True believers and detractors are watching the flexible office space provider, following its obtaining a loan facility that would bolster its initial public offering.
The hotel investment and management firm has acquired and will operate the 127-room Courtyard by Marriott Madison East, the 130-room Fairfield Inn & Suites Madison East and the 115-room Hampton Inn Madison East Towne Mall Area.
Brechner joins Colliers with more than 35 years of experience leading companies with revenues in excess of $10 million. For the past 20 years he led ventures within the analytical laboratory and quality assurance industry.
Constructed in 1987, Morristown North Commerce Center is a two-story property that spans 14 acres. It currently has 32,997 square feet of office/lab/cleanroom space and 14,322 square feet of office space available for lease.