reports
Marcus & Millichap’s IPA Capital Markets Arranges $61M Redevelopment F...
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)-- , a division of specializing in capital markets services for major private and institutional clients, announced today the $60.9 million refinancing of a 28.9-acre oceanfront redevelopment project located in Huntington Beach, California. Gary Mozer, executive managing director with IPA Capital Markets, secured an 18-month, non-recourse loan on behalf of a California-based investment and development firm. The project plan includes residential and hospitality development and was approved by the Huntington Beach City Council on September 17th, 2024. T...
Institutional Property Advisors Advises Rockpoint and The Related Grou...
PHOENIX--(BUSINESS WIRE)-- , a division of , announced today that it advised Rockpoint and The Related Group (Related) on the sale of Town Deer Valley, a 388-unit multifamily asset in Phoenix, Arizona. The property sold for $131.1 million, which represents $337,887 per unit. “Town Deer Valley is perfectly positioned to capitalize on the unprecedented economic activity driven by Taiwan Semiconductor Manufacturing Company’s $65 billion chip manufacturing facility,” said Cliff David, IPA executive managing director. “The property’s architectural detailing, sophisticated unit finishes, and award...
$107 Million Construction Financing Arranged by Marcus & Millichap Cap...
ONTARIO, Calif.--(BUSINESS WIRE)-- , a leading provider of commercial real estate capital markets financing solutions, arranged $107 million in financing for the construction of a 384-unit multifamily asset with 26,000 square feet of retail space located at 4117 E Concours Street in Ontario, California. The project, which is adjacent to the Toyota Arena, will include several digital media signs. Stefen Chraghchian, senior director in MMCC’s Encino office, secured the financing with Affinius Capital and Bank OZK on behalf of Adept Urban Development. “We thank our client for their trust in o...
Marcus & Millichap’s IPA Capital Markets Facilitates $165.9 Million Mu...
ALEXANDRIA, Va.--(BUSINESS WIRE)-- , a division of specializing in capital markets services for major private and institutional clients, has successfully arranged $165.9 million in financing on behalf of the DSF Group for the acquisition of the Town Square at Mark Center in Alexandria, Virginia. IPA Capital Markets in Los Angeles represented the borrower, the DSF Group, a Boston-based leader in multifamily investment. The Town Square at Mark Center is a 678-unit apartment and townhome community situated in one of Northern Virginia’s most dynamic submarkets. “The 98% occupied property repres...
Marcus & Millichap Capital Corporation Arranges $89.6 Million Construc...
CHANHASSEN, Minn.--(BUSINESS WIRE)-- , a leading provider of commercial real estate capital markets financing solutions, arranged $89.6 million in financing for the construction of Bennett Apartments and Harlow Apartments, two adjacent multifamily projects located 15 miles southwest of Minneapolis in Chanhassen, Minnesota. Gary Sefcik in MMCC’s Manhattan office secured the financing. Kayne Anderson provided $77.5 million in senior proceeds and SteepRock Capital provided $12.1 million in mezzanine financing for the sponsor, Minnesota-based Roers Companies. “In addition to strong, locally ba...
Marcus & Millichap’s IPA Capital Markets Secures $79 Million Construct...
SAN ANTONIO--(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 successful closing of a $79 million construction loan for El Tropicano Hotel, a historic landmark property on San Antonio’s River Walk in San Antonio, Texas. Jordan Ray, James Matheny, Steven Buchwald and Rachael Krawiecki of IPA Capital Markets secured the financing on behalf of Trestle Studio, a national lifestyle developer. Fortress Investment Group provided the financing. “This complex ...
Marcus & Millichap Brings New Chief Information Officer on Board
CALABASAS, Calif.--(BUSINESS WIRE)-- , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the addition of Evan Wayne as chief information officer (CIO). Wayne will spearhead the execution of all technology initiatives and expand the company’s longstanding commitment to utilizing technology to service and support its clients, brokers, capital markets professionals, and corporate staff. This press release features multimedia. View the full release here: Evan Wayne, chief information officer, Marcus & Millichap (...
$174 Million Acquisition Financing and Joint Venture Equity for New Je...
WEST NEW YORK, N.J.--(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 $174 million in joint venture equity and debt financing for the acquisition of 55 Riverwalk Place, a 348-unit multifamily property located in West New York, New Jersey. Built in 2006, the property is located adjacent to the Hudson River, directly across from Manhattan. The New York-based IPA Capital Markets team of Marko Kazanjian, Max Herzog, Andrew Cohen and Max Hulsh arranged acquisition fi...
$116 Million Multifamily Asset Sale in Central California Coast Region...
SANTA MARIA, Calif.--(BUSINESS WIRE)-- , a division of , announced today the sale of La Vista Apartments, a 460-unit multifamily asset in Santa Maria, California. The $116 million sales price equates to $252,174 per unit. The property is the largest multifamily asset ever sold in Santa Barbara County by number of units and sales price, breaking a record previously set by IPA. “The fastest-growing city in Santa Barbara County, Santa Maria is in the midst of a dynamic growth period with surging housing demand,” said Joseph Grabiec, IPA executive managing director investments. “It is estimated ...
Marcus & Millichap Closes $94.5 Million Multifamily Portfolio Sale in ...
NEW YORK--(BUSINESS WIRE)-- , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Chelsea Collection, a 13-property multifamily portfolio of 147 units in New York City’s Chelsea neighborhood. The portfolio traded for $94.5 million, representing one of the most notable multifamily sales in Chelsea this year. “Portfolios of this nature rarely trade in New York, and this was the fourth portfolio transaction we closed in the last 12 months with assumable financing,” said Joe Koicim, based in Marcus...
Marcus & Millichap Closes 31 Property Net Lease Portfolio for $88.5 Mi...
BOSTON--(BUSINESS WIRE)-- , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, in association with Northeast Retail, announced the sale of 31 net lease properties anchored by Town Fair Tire. The portfolio sold for $88,505,802. Marcus & Millichap senior managing director James Koury and senior associate Alex Quinn, in association with Dan Plotkin of Northeast Retail, exclusively represented the estate of Town Fair Tire’s founder, Neil Mellen. Koury and Quinn also procured the buyer, Orion Buying Corp. “The portfolio c...
Marcus & Millichap’s Institutional Property Advisors Brokers $203 Mill...
SANTA CLARA, Calif.--(BUSINESS WIRE)-- , a division of , announced today the sale and financing of Summerwood Apartments, a 468-unit multifamily property located at 444 Saratoga Avenue in Santa Clara, California. The property sold for $203,150,000. IPA executive managing directors Philip Saglimbeni, Stanford Jones, Salvatore Saglimbeni, and senior director Alexander Tartaglia represented the seller, DWS, and procured the buyer, Interstate Equities Corporation. The Los Angeles-based IPA Capital Markets team of Brian Eisendrath, Cameron Chalfant, Jake Vitta, and Jesse Zarouk secured $127,819,0...
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...
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.