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PRESS RELEASE: Marcus & Millichap Capital Corp. Arranges $5 Million Multifamily Refinance in Alice, Texas
2013-08-14 19:17:00| National Real Estate Investor
Gina Relva ALICE, TEXAS – Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has arranged a $5,000,000 refinance for a multifamily garden apartment asset in Alice, Texas. Michael Laurencelle, an associate director in the firm’s Austin office, arranged the loan. read more
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PRESS RELEASE: Marcus & Millichap Arranges Sell of Los Angeles County Multifamily for $9.9 Million
2013-08-14 19:15:00| National Real Estate Investor
Gina Relva TORRANCE, Calif., Aug. 13, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of 3708 Spencer St., a 44-unit apartment complex located in the southwestern Los Angeles County coastal community of Torrance. The sales price of $9.9 million equates to $225,000 per unit. read more
PRESS RELEASE: Marcus & Millichap Arranges Sale of 480-Unit Multifamily in Phoenix
2013-08-14 19:14:00| National Real Estate Investor
Gina Relva PHOENIX, Aug. 13, 2013 – Marcus & Millichap Real Estate Investment Services, has arranged the sale of The Retreat, a 480-unit apartment community in Phoenix. The terms of the sale were not disclosed. Steve Gebing, a vice president investments and Cliff David, also a vice president investments, both in Marcus & Millichap’s Phoenix office, represented the seller, a publicly traded real estate investment trust. The buyer, based in Salt Lake City, is Bridge Investment Group Partners, manager of the ROC Fund. read more
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PRESS RELEASE: Marcus & Millichap Arranges Sale of 480-Unit Multifamily in Phoenix
2013-08-14 19:12:00| National Real Estate Investor
Gina Relva PHOENIX, AZ – Marcus & Millichap Real Estate Investment Services, has arranged the sale of The Retreat, a 480-unit apartment community in Phoenix. The terms of the sale were not disclosed. Steve Gebing, a vice president investments and Cliff David, also a vice president investments, both in Marcus & Millichap’s Phoenix office, represented the seller, a publicly traded real estate investment trust. The buyer, based in Salt Lake City, is Bridge Investment Group Partners, manager of the ROC Fund. read more
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press release
PRESS RELEASE: Praedium and NorthEnd Equities Sell 16 West 36th Street in Manhattan
2013-08-14 19:08:00| National Real Estate Investor
Great Ink The Praedium Group, a New York City-based national real estate investment firm, and partner NorthEnd Equities, a Manhattan-based private commercial real estate company, have sold the leasehold interest in 16 West 36th Street in Manhattan to Kiamie Industries, Inc. In a little over a year since acquiring the asset, the partners sold the building for $12.9 million. After purchasing the building in February 2012, Praedium and NorthEnd implemented a strategic leasing and capital improvement program that enhanced the 13-story office and retail asset. The property is located in the Midtown South neighborhood. read more
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