reports
Marcus & Millichap’s Institutional Property Advisors Brokers Three Mul...
TACOMA, Wash.--(BUSINESS WIRE)-- , a division of , announced today the sale of three multifamily assets totaling 557 units in Tacoma, Washington for $102.6 million. The properties are Monterra, Miramonte, and Heatherstone Apartments. “Located in a multifamily market with one of the largest housing imbalances in the nation, these acquisitions provide the buyers with opportunity to capitalize on embedded rental and operational upside,” said Giovanni Napoli, IPA executive director. Napoli and IPA’s Philip Assouad, Ryan Harmon, Nick Ruggiero, and Anthony Palladino represented the seller, Goodman...
Marcus & Millichap Expands Commercial Property Auction Services with I...
NEW YORK--(BUSINESS WIRE)-- , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the hiring of Ian Grusd. In his new role, Grusd will focus on expanding Marcus & Millichap’s national Auction Services team with Northeast-based clients selling properties throughout the country. This press release features multimedia. View the full release here: Ian Grusd (Photo: Business Wire) “Ian is an extremely well-respected industry leader known for his expertise and passion for commercial real estate,” said Jim Palme...
Marcus & Millichap’s IPA Capital Markets Arranges $110 Million in Agen...
BRIDGEPORT, Conn.--(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 $110 million in joint venture equity and agency financing for the acquisition of Canfield Park at Fairfield Metro, two adjacent multifamily properties located in Bridgeport, Connecticut. Built in 2023, the properties feature a combined 300 units and are located near the local transit station in Bridgeport’s Black Rock neighborhood. The New York-based IPA Capital Markets team of Marko Kazanjian, M...
Marcus & Millichap Closes $101 Million 11-Property Hospitality Portfol...
CHICAGO--(BUSINESS WIRE)-- , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of an 11-property Courtyard Hotel portfolio in Illinois, Ohio, Alabama, Arkansas, Virginia, Kentucky, and Oklahoma. The portfolio sold for $101 million. “During this period of market uncertainty, we successfully connected multiple buyers with their respective lenders to fulfill the portfolio closing requirements for the seller, with minimal contingencies and securing non-refundable earnest money,” said Ebrahim Vallia...
Marcus & Millichap, Inc. to Report Third Quarter 2024 Financial Result...
CALABASAS, Calif.--(BUSINESS WIRE)-- Marcus & Millichap, Inc. (NYSE: MMI), a leading national brokerage firm specializing in commercial real estate investment sales, financing and research and advisory services, announced today it will report its financial results for the third quarter ended September 30, 2024 on Friday, November 8, 2024, before the market open. The Company will host a webcast and a conference call the same day to discuss the results at 10:30 a.m. Eastern Time. The call will be hosted by Hessam Nadji, President and Chief Executive Officer and Steve DeGennaro, Chief Financial ...
Institutional Property Advisors Brokers $92.5 Million Multifamily Sale...
LOS ANGELES--(BUSINESS WIRE)-- , a division of , announced today the sale of The Lofts at Noho Commons, a 292-unit multifamily property in the NoHo Arts District of Los Angeles, California. The asset traded for $92.5 million, or $316,781 per unit. “The property’s proximity to major employers including CBS Studio Center, Universal Studios, Walt Disney Studios, and Warner Bros. Studios enhances its appeal to entertainment professionals,” said Joseph Grabiec, IPA executive managing director. Grabiec and IPA’s Kevin Green and Gregory Harris represented the seller, a joint venture partnership, and...
Marcus & Millichap’s Institutional Property Advisors Brokers Sale of G...
HAMILTON TOWNSHIP, N.J.--(BUSINESS WIRE)-- , a division of , announced the sale of Hamilton Marketplace, a grocery-anchored regional power center in Hamilton Township, New Jersey. The center sold for a total consideration of over $100 million, making it the largest single-asset open-air shopping center transaction to close in New Jersey since 2017. “On the open market for the first time since development, the offering drew a pool of private and institutional capital that we haven’t seen since before the pandemic and interest from large private family offices that know the value of controlling...
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...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.