Marcus & Millichap Capital Corporation Arranges $89.6 Million Construction Financing for Two Minnesota Multifamily Projects
Marcus & Millichap Capital Corporation (MMCC), 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.
Marcus & Millichap’s IPA Capital Markets Secures $79 Million Construction Loan for Transformation of Iconic San Antonio Landmark
IPA Capital Markets, a division of Marcus & Millichap (
NYSEMMI), 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.
Marcus & Millichap Brings New Chief Information Officer on Board
Marcus & Millichap (
NYSEMMI), 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.
$174 Million Acquisition Financing and Joint Venture Equity for New Jersey Multifamily Asset Arranged by Marcus & Millichap’s IPA Capital Markets
IPA Capital Markets, a division of Marcus & Millichap (
NYSEMMI) 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.
$116 Million Multifamily Asset Sale in Central California Coast Region Brokered by Marcus & Millichap’s Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap (
NYSEMMI), 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.
Marcus & Millichap Closes $94.5 Million Multifamily Portfolio Sale in New York City
Marcus & Millichap (
NYSEMMI), 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.
Marcus & Millichap Closes 31 Property Net Lease Portfolio for $88.5 Million
Marcus & Millichap (
NYSEMMI), 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’s Institutional Property Advisors Brokers $203 Million Sale and Arranges $127.8 Million Financing for Silicon Valley Multifamily Asset
Institutional Property Advisors (IPA), a division of Marcus & Millichap (
NYSEMMI), 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.
Marcus & Millichap’s Institutional Property Advisors Brokers Three Multifamily Property Sales in Tacoma for $102.6 Million
Institutional Property Advisors (IPA), a division of Marcus & Millichap (
NYSEMMI), 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.
Marcus & Millichap Expands Commercial Property Auction Services with Ian Grusd
Marcus & Millichap (
NYSEMMI), 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.
Marcus & Millichap, Inc. Reports Results for Third Quarter 2024
Marcus & Millichap, Inc. (the “Company”, “Marcus & Millichap”, or “MMI”) (
NYSEMMI), a leading national real estate services firm specializing in commercial real estate investment sales, financing, research and advisory services, reported its third quarter results today.
Marcus & Millichap’s IPA Capital Markets Arranges $63 Million Multifamily Refinance in Greater Austin
IPA Capital Markets, a division of Marcus & Millichap (
NYSEMMI), specializing in capital markets services for major private and institutional clients has secured a $63 million loan for the refinance of Muir Lake Apartments, located on Avery Ranch Boulevard in the Austin suburb of Cedar Park, Texas. Built in 2014, the property features 332 garden-style units spread across 46 acres.
Marcus & Millichap’s IPA Capital Markets Arranges $110 Million in Agency Financing and Joint Venture Partnership for Connecticut Multifamily Acquisition
IPA Capital Markets, a division of Marcus & Millichap (
NYSEMMI), 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.
Marcus & Millichap Closes $101 Million 11-Property Hospitality Portfolio Sale
Marcus & Millichap (
NYSEMMI), 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.
Marcus & Millichap, Inc. to Report Third Quarter 2024 Financial Results on Friday, November 8, 2024
Marcus & Millichap, Inc. (
NYSEMMI), 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.
Institutional Property Advisors Brokers $92.5 Million Multifamily Sale in L.A.’s NoHo Arts District
Institutional Property Advisors (IPA), a division of Marcus & Millichap (
NYSEMMI), 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.
Marcus & Millichap’s Institutional Property Advisors Brokers Sale of Grocery-Anchored Regional Power Center in Central New Jersey
Institutional Property Advisors (IPA), a division of Marcus & Millichap (
NYSEMMI), 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.
Marcus & Millichap’s IPA Capital Markets Arranges $75 Million Financing for Midtown Manhattan Office-to-Residential Conversion Project
IPA Capital Markets, a division of Marcus & Millichap (
NYSEMMI), 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.
Marcus & Millichap Brokers Record-Breaking Manufactured Housing Asset Sale in Malibu
Marcus & Millichap (
NYSEMMI), 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.
Marcus & Millichap’s Institutional Property Advisors Closes $187.5 Million Multifamily Asset Sale in Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap (
NYSEMMI), 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.
Marcus & Millichap’s IPA Capital Markets Announces Strategic Hire of Industry Veteran in Dallas
IPA Capital Markets, a division of Marcus & Millichap (
NYSEMMI), 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.
Marcus & Millichap’s Institutional Property Advisors Brokers $95 Million Multifamily Sale in Greater Los Angeles
Institutional Property Advisors (IPA), a division of Marcus & Millichap (
NYSEMMI), 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.
Marcus & Millichap’s Institutional Property Advisors Closes $87 Million Mixed-Use Asset Sale in California’s San Gabriel Valley
Institutional Property Advisors (IPA), a division of Marcus & Millichap (
NYSEMMI), 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.
Marcus & Millichap, Inc. Reports Results for Second Quarter 2024
Marcus & Millichap, Inc. (the “Company”, “Marcus & Millichap”, or “MMI”) (
NYSEMMI), a leading national real estate services firm specializing in commercial real estate investment sales, financing, research and advisory services, reported its second quarter results today.
Institutional Property Advisors Brokers Multifamily Asset Sale in Suburban Dallas-Fort Worth
Institutional Property Advisors (IPA), a division of Marcus & Millichap (
NYSEMMI), announced today the sale of Marlowe Grapevine, a 324-unit multifamily asset in Grapevine, Texas.
