Marcus & Millichap's Institutional Property Advisors Brokers $62 Million North Hollywood Multifamily Asset Sale [Yahoo! Finance]
Marcus & Millichap, Inc. (MMI)
Last marcus & millichap, inc. earnings: 2/20 04:04 pm
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Source: Yahoo! Finance
sale of AVA North Hollywood, a 156-unit multifamily property with 11,000 square feet of ground floor retail in the NoHo Arts District of Los Angeles, California. The $62.1 million sales price represents $393,077 per unit. "By highlighting the opportunity to invest in a market that is in the early stages of benefiting from increasing demand and strong rent growth, we attracted significant interest," said Kevin Green, IPA executive managing director investments. "After substantial development in the submarket pre-COVID that was met with positive absorption but muted rent growth, the area is starting to hit its stride." Green and IPA's Joseph Grabiec and Gregory Harris represented the seller, AvalonBay Communities Inc., and procured the buyer, Prime Residential. "We garnered over 20 offers on the property during the marketing process," said Grabiec. "This strong interest reflects the confidence investors have in a market that is not only experiencing a robust recovery but also has a br
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MMI
News
- Marcus & Millichap Names Chief People Officer [Yahoo! Finance]Yahoo! Finance
- Marcus & Millichap Names Chief People OfficerBusiness Wire
- Marcus & Millichap's IPA Capital Markets Division Arranges $72 Million Refinancing for Mixed-Use Development in Omaha MSA [Yahoo! Finance]Yahoo! Finance
- Marcus & Millichap’s IPA Capital Markets Division Arranges $72 Million Refinancing for Mixed-Use Development in Omaha MSABusiness Wire
- Marcus & Millichap’s Institutional Property Advisors Brokers $62 Million North Hollywood Multifamily Asset SaleBusiness Wire
MMI
Sec Filings
- 6/17/24 - Form 4
- 6/5/24 - Form 4
- 5/29/24 - Form 4
- MMI's page on the SEC website