Marcus & Millichap Stock News

Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE: MMI ), announced the sale of The Benson, a 236-unit multifamily property in Upland, California. The asset sold for $80.75 million, or $342,161 per unit. "The Benson benefits from significant capital expenditures, most of which were spent on systems and common area improvements," said Joseph Grabiec, IPA executive director. "New ownership has the opportunity to focus on revenue enhancing interior upgrades consistent with the competitive set, thereby immediately adding value." Grabiec and IPA''s Alexander Garcia, Jr., Kevin Green, Greg Harris and Chris Zorbas represented the seller, an affiliate of Abacus Capital Group, and procured the buyer, New Standard Equities. "Rents in Upland have increased by 13% in the last 12 months and the competitive set''s asking rents are approximately 35% higher than the average in-place rents at The Benson," added Garcia. "Average occupancy in Upland over the same time Full story available on Benzinga.

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CALABASAS, Calif.--(BUSINESS WIRE)-- #chiefhumanresourcesofficer--Marcus & Millichap Names New Chief Human Resources Officer

HARTFORD, CONN. Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Folly Brook Manor, a 184-unit multifamily property in Hartford. The seven-building community [] The post IPA Negotiates Sale of 184-Unit Multifamily Property in Hartford appeared first on REBusinessOnline .

Institutional Property Advisors (IPA), a division of Marcus & Millichap, Inc. (NYSE: MMI), announced today the sale of Arrowhead Ranch by Baron, a 256-unit multifamily asset in the Arrowhead Ranch master-planned community in Glendale, Arizona. The $101.5 million sales price equates to $396,484 per unit. One of only four assets constructed within the Northwest Valleys most coveted neighborhood,

Vero Beach, Fla. — Marcus & Millichap has arranged the $5.3 million sale of Vero Beach Square, an 11,480-square-foot retail strip center in Vero Beach. Drew Kristol, Kirk Olson and Marc Yaffe of Marcus & Millichap represented the seller, Konover… The post Marcus & Millichap Arranges $5.3 Million Sale of Shopping Center in South Florida appeared first on Shopping Center Business .

First Quadrant L P CA increased its stake in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 17.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,609 shares of the real estate investment trusts stock after acquiring an additional 379 shares during the quarter. First Quadrant L P CAs holdings in Marcus & []

Wells Fargo & Company MN decreased its holdings in Marcus & Millichap, Inc. (NYSE:MMI) by 23.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 88,277 shares of the real estate investment trusts stock after selling 26,571 shares during the quarter. Wells Fargo & []

Aurora, Ill. Marcus & Millichap has brokered the $5 million sale of a 98,765-square-foot retail center located roughly 41 miles outside Chicago in Aurora. Located at 1901 W. Galena Blvd., the property features a mix of retail and medical The post Marcus & Millichap Brokers $5 Million Sale of Retail Center in Metro Chicago appeared first on Shopping Center Business .

CHERRYVILLE, PA. Marcus & Millichap has brokered the sale of Cherryville Self Storage, a 404-unit facility located about 10 miles north of Allentown in the Lehigh Valley. Built on [] The post Marcus & Millichap Brokers Sale of 404-Unit Self-Storage Facility in Lehigh Valley appeared first on REBusinessOnline .

AURORA, ILL. Marcus & Millichap has brokered the sale of a 98,765-square-foot retail center in Aurora for $5 million. Located at 1901 W. Galena Blvd., the property features a [] The post Marcus & Millichap Brokers $5M Sale of Retail Center in Aurora, Illinois appeared first on REBusinessOnline .

FORT WORTH, TEXAS Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Jameson at the Bluffs, a 387-unit apartment community in Fort Worth. [] The post IPA Negotiates Sale of 387-Unit Jameson at the Bluffs Apartments in Fort Worth appeared first on REBusinessOnline .