reports
Marcus & Millichap’s IPA Capital Markets Arranges $75 Million Financin...
NEW YORK--(BUSINESS WIRE)-- IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI), specializing in capital markets services for major private and institutional clients, has secured $75 million in acquisition financing for the former Pfizer headquarters in New York City. Located at 219 E 42nd St., the property will be combined with the adjacent building at 235 E 42nd St. and converted into a free-market, Class-A, luxury multifamily apartment building. “When these two buildings are combined, it will add more than 800 units to the project totaling to over 1,400 units, making it the la...
Marcus & Millichap Brokers Record-Breaking Manufactured Housing Asset ...
MALIBU, Calif.--(BUSINESS WIRE)-- , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Point Dume Club of Malibu, a five-star, 297-site manufactured housing asset located on 95.4 oceanfront acres in Malibu, California. “On the market for the first time since the underlying land was purchased in 1892, Point Dume Club of Malibu has sold for the highest price per site ever achieved by a manufactured housing community,” said Dustin B. Wilmer, first vice president investments in Marcus & Millichap’s San...
Marcus & Millichap’s Institutional Property Advisors Closes $187.5 Mil...
PHOENIX--(BUSINESS WIRE)-- , a division of , announced today the sale of Desert Club, a 497-unit multifamily asset in Phoenix, Arizona. The property sold for $187.5 million, or $377,264 per unit. The transaction is the largest single asset multifamily sale in Arizona in over two years and one of the ten largest single asset multifamily sales in the United States year-to-date. “Unprecedented, 20-year consecutive institutional ownership is a testament to Desert Club’s differentiated physical attributes and the unrivaled appeal of North Scottsdale, Arizona’s most sought-after submarket,” said St...
Marcus & Millichap’s IPA Capital Markets Announces Strategic Hire of I...
DALLAS--(BUSINESS WIRE)-- IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI), specializing in capital markets services for major private and institutional clients, announced today the hiring of Harry Krieger as a managing director, responsible for placing debt for institutional clients. Based in Dallas, Krieger will be part of the firm’s Los Angeles-based IPA Capital Markets team led by executive managing director Brian Eisendrath and senior managing director Cameron Chalfant. He will collaborate with the firm’s Texas-based, market-leading IPA multifamily investment sales team ...
Marcus & Millichap’s Institutional Property Advisors Brokers $95 Milli...
SIMI VALLEY, Calif.--(BUSINESS WIRE)-- , a division of , announced today the sale of The Landing at Arroyo, a 212-unit multifamily property in Simi Valley, California. The asset traded for $95 million, or $448,113 per unit. “This quintessential, low-density suburban core multifamily asset is poised for substantial growth in a severely underserved market with a flat development pipeline,” said Kevin Green, IPA executive managing director investments. “In the last 25 years, just four other multifamily properties of 50 units or more have been delivered in Simi Valley and only one market-rate pr...
Marcus & Millichap Inc: 1 director
A director at Marcus & Millichap Inc sold 13,900 shares at 40.184USD and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years ...
Marcus & Millichap’s Institutional Property Advisors Closes $87 Millio...
MONROVIA, Calif.--(BUSINESS WIRE)-- , a division of , announced today the sale of Paragon at Old Town, a 163-unit multifamily asset with 6,077 square feet of ground floor retail in Monrovia, California. The property sold for $87.25 million, or $535,276 per unit. “Located in a submarket with 3.09% vacancy over the past 12 months, Paragon at Old Town is a one-of-a-kind, institutionally maintained asset,” said Joseph Grabiec, IPA executive managing director investments. “The acquisition gives new ownership opportunity to enhance the interior renovation scope and focus on higher returns.” Grab...
Institutional Property Advisors Brokers Multifamily Asset Sale in Subu...
GRAPEVINE, Texas--(BUSINESS WIRE)-- , a division of , announced today the sale of Marlowe Grapevine, a 324-unit multifamily asset in Grapevine, Texas. “Marlowe Grapevine exhibited exceptional leasing velocity in a submarket with limited multifamily supply and zoning that restricts future development,” said Drew Kile, IPA executive managing director. Kile and IPA’s Joey Tumminello, Michael Ware, Taylor Hill, and Shelby Clark represented the sellers, Greystar and Carlyle, and procured the buyer, Equity Residential. The property is located off Texas State Highway 360, within a short drive to ...
Marcus & Millichap’s IPA Capital Markets Division Arranges $85 Million...
NEW YORK--(BUSINESS WIRE)-- , a division of , specializing in capital markets services for major private and institutional clients, announced the $85 million financing of a two-story, Class-A industrial space located at 130-02 S Conduit Ave in Queens, New York. The Manhattan based IPA Capital Markets team of Max Herzog, Marko Kazanjian, Max Hulsh and Andrew Cohen secured the financing with LoanCore Capital on behalf of Triangle Equities and Goldman Sachs Urban Investment Group. “Triangle Equities successfully developed a premier, Class-A industrial property in an exceptional location, whic...
Marcus & Millichap’s Institutional Property Advisors Closes Multifamil...
CLARKSVILLE, Tenn.--(BUSINESS WIRE)-- , a division of , announced the sale of Solis, a 216-unit multifamily property in Clarksville, Tennessee. “Built in 2020, Solis is a stabilized asset in one of the fastest-growing cities in the nation,” said David Stollenwerk, IPA director. “Over the past five years, Clarksville has experienced 15.5% population growth and currently the Clarksville-Montgomery MSA population is over 329,000.” Stollenwerk and IPA’s Will Balthrope and Drew Garza represented the seller, Gwaltney Communities, and secured the buyer, a private California-based partnership. Marcu...
Marcus & Millichap’s Institutional Property Advisors Brokers Luxury Mi...
GLENDALE, Ariz.--(BUSINESS WIRE)-- , a division of , announced the sale of Glen 91, a 296-unit multifamily asset in Glendale, Arizona. The property sold for $76.5 million, or $258,446 per unit. “The West Valley’s municipalities, which include Glendale, have experienced outsized growth in the post-pandemic boom and are among the Valley’s most in-demand suburban locations,” said Steve Gebing, IPA executive managing director. “Glendale has the second-highest concentration of renter households in the West Valley and is projected to maintain steady growth well into the future.” Gebing and IPA exe...
Marcus & Millichap Closes $71 Million Affordable Housing Asset Sale in...
SAN JOSE, Calif.--(BUSINESS WIRE)-- , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Moreland Apartments, a 160-unit affordable housing asset in San Jose, California. The property sold for $71 million, or $443,750 per unit. “On the market for the first time since it was developed in 1982, the property has a Project-Based Section 8 Housing Assistance Payments contract for all units that runs through the end of July 2029,” said Mitchell Zurich, senior managing director investments in Marcu...
Marcus & Millichap Closes Dual-Branded Hospitality Asset Sale in Downt...
DALLAS--(BUSINESS WIRE)-- , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of the TownePlace Suites and Fairfield Inn & Suites Dallas Downtown, a nine-story, dual-branded, ornately detailed 274-room hotel in Dallas, Texas. “The Dallas-Fort Worth Metroplex is one of the top markets for room demand in 2024,” said Chris Gomes, executive managing director investments in Marcus & Millichap’s Dallas office. “The market was up double digits in revenue per available room (RevPAR) in 2023 compared t...
Veteran Self-Storage Broker Joins Marcus & Millichap in Washington, D....
WASHINGTON--(BUSINESS WIRE)-- , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today that veteran self-storage broker Robert “Bobby” Bloch has joined the firm’s Washington, D.C. office as a senior vice president. Bloch will focus on self-storage investment property acquisitions and dispositions on behalf of clients. He has 30 years of investment sales, management, and business development experience. This press release features multimedia. View the full release here: Robert Bloch (Photo: Business Wire) “Th...
Marcus & Millichap Names Chief People Officer
CALABASAS, Calif.--(BUSINESS WIRE)-- , a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced today the hiring of chief people officer Jan Coonley. Coonley will be responsible for overseeing all aspects of the company’s human resources activities, including systems, employee engagement, performance enhancement, talent retention and acquisition, skills and leadership development, and diversity, equity and inclusion. This press release features multimedia. View the full release here: Jan Coonley, Marcus & Millichap...
Marcus & Millichap’s IPA Capital Markets Division Arranges $72 Million...
LA VISTA, Neb.--(BUSINESS WIRE)-- , a division of , specializing in capital markets services for major private and institutional clients, announced the $72.24 million refinance of La Vista City Centre, a growing master-planned multifamily, office and retail development in La Vista, Nebraska. Frank Montalto, IPA Capital Markets managing director based in the firm’s Chicago office, secured the financing on behalf of City+Ventures, a Nebraska-based investment and development company that partnered with the City of La Vista beginning in 2015 for the development of the community. “Today’s lendi...
Marcus & Millichap’s Institutional Property Advisors Brokers $62 Milli...
LOS ANGELES--(BUSINESS WIRE)-- , a division of , announced today the sale of AVA North Hollywood, a 156-unit multifamily property with 11,000 square feet of ground floor retail in the NoHo Arts District of Los Angeles, California. The $62.1 million sales price represents $393,077 per unit. “By highlighting the opportunity to invest in a market that is in the early stages of benefiting from increasing demand and strong rent growth, we attracted significant interest,” said Kevin Green, IPA executive managing director investments. “After substantial development in the submarket pre-COVID that w...
$146.5 Million Inland Empire Multifamily Sale Closed By Marcus & Milli...
MURRIETA, Calif.--(BUSINESS WIRE)-- , a division of , announced the sale of Silverado Apartment Homes, a 492-unit multifamily property in Murrieta, California. The property sold for $146.5 million, which equates to $297,764 per unit. “Silverado presented a unique opportunity to acquire a newer vintage Inland Empire asset with substantial upside in a burgeoning submarket with strong fundamentals,” said Kevin Green, IPA executive managing director investments. “Our controlled process was met with a positive response and yielded a highly competitive sales environment. The opportunity was bolste...
Marcus & Millichap Expands Leading Talent Acquisitions Across North Am...
CALABASAS, Calif.--(BUSINESS WIRE)-- , a leading commercial real estate (CRE) brokerage firm specializing in investment sales, financing, research and advisory services, recognized as a Best Place to Work two consecutive years, continues to build its senior-level broker and financing professional hiring momentum across its (IPA), multi housing, retail, and capital markets divisions. The firm also expanded its IPA financing intermediary services to investors in Canada, providing more CRE acquisition opportunities to Canadian investors. Hessam Nadji, Marcus & Millichap’s president and CEO sta...
Marcus & Millichap Releases Cold Storage Property Research Report
CALABASAS, Calif.--(BUSINESS WIRE)-- , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today its 2024 Cold Storage Special Report, which highlights the strategic advantages of investing in cold storage properties. “A rapid rise in online grocery sales has spurred demand for temperature-controlled storage facilities,” said Alan L. Pontius, national director of Marcus & Millichap’s Office & Industrial division. “From 2019 to 2023, share of total online grocery store spending grew 470 basis points to an all-t...
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