Latest news with #InstitutionalPropertyAdvisors
Business Wire
19-05-2025
- Business
- Business Wire
Institutional Property Advisors Brokers $137 Million Luxury Multifamily Asset Sale in Suburban Phoenix
CHANDLER, Ariz.--(BUSINESS WIRE)-- Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI) dedicated to serving the company's institutional clients, announced today the sale of Zaterra, a 392-unit multifamily property in Chandler, Arizona. The asset traded for $137.5 million, or $350,765 per unit. Institutional Property Advisors Brokers $137 Million Luxury Multifamily Asset Sale in Suburban Phoenix 'Chandler is among the highest barrier to entry submarkets in the Phoenix metro and Zaterra is one of only nine assets completed in the city since 2020,' said Steve Gebing, IPA executive managing director. 'In comparison to other post-2000 constructed assets, Zaterra has 48% lower density, providing an enduring competitive advantage that will become more pronounced as multifamily completions continue to decline.' Gebing and IPA executive managing director Cliff David represented the sellers, PB Bell and PCCP, LLC, and procured the buyer. Zaterra is near Downtown Chandler, the Price Corridor, Chandler Airpark Area, and the Ocotillo master-planned community. It's proximate to Price Corridor where residents can conveniently commute to Intel's Ocotillo campus, Northrop Grumman, Wells Fargo, ASML, and Bank of America. Shopping, dining, and entertainment are close by at mixed-use developments Overstreet, New Square, and One Chandler. Completed in 2023 on 22 acres, Zaterra is a two- and three-story, garden-style property with a low-density site plan and larger than average unit size of 1,043 square feet. The property's walk-up layouts and garages emulate condominium-style living. Community amenities include two swimming pools with sundecks, a creative suite with large conference room and individual workspaces, 24-hour fitness center, and a yoga lawn. About Institutional Property Advisors (IPA) Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA's combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit About Marcus & Millichap, Inc. (NYSE: MMI) Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 7,836 transactions with a sales volume of approximately $49.6 billion in 2024. The company had 1,712 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit .
Business Wire
13-05-2025
- Business
- Business Wire
Institutional Property Advisors Names Head of Research and Strategy
BUSINESS WIRE)-- Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI) dedicated to serving the company's institutional clients, announced today that veteran commercial real estate industry research professional Dags Chen has joined the firm as head of IPA research and strategy. As part of the company's expansive research services division, Chen will focus on research publications and analytics specifically geared toward institutional investors and their strategy formation and execution, providing research, analysis, and insights on the investment outlook for the institutional marketplace. Institutional Property Advisors Names Head of Research and Strategy Share Hessam Nadji, Marcus & Millichap's president and CEO, stated: 'This strategic addition is designed to elevate our analytical and market intelligence capabilities and position IPA as a key advisor to institutions. In partnership with John Chang, the firm's chief intelligence and analytics officer, and IPA executives, Dags will leverage the knowledge and experience he has gained guiding strategy for global investment firms to serve multifamily investors and our IPA brokers and financing professionals.' Chen has built a long-term institutional research career with multi-year positions with Barings, Ares Management and Clarion Partners. A chartered financial analyst, he has nearly two decades of experience analyzing the intersection between the economy, property fundamentals, and real estate capital markets. 'I'm honored to join the research and strategy team at IPA and Marcus & Millichap, which has long valued the analytical insights real estate research delivers to investors,' said Chen. 'I look forward to providing major institutional clients with impactful analysis and insights to help guide their investment strategy.' About Institutional Property Advisors (IPA) Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA's combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offers customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit About Marcus & Millichap, Inc. (NYSE: MMI) Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 7,836 transactions with a sales volume of approximately $49.6 billion in 2024. The company had 1,712 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit
Yahoo
13-05-2025
- Business
- Yahoo
Institutional Property Advisors Names Head of Research and Strategy
CALABASAS, Calif., May 13, 2025--(BUSINESS WIRE)--Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI) dedicated to serving the company's institutional clients, announced today that veteran commercial real estate industry research professional Dags Chen has joined the firm as head of IPA research and strategy. As part of the company's expansive research services division, Chen will focus on research publications and analytics specifically geared toward institutional investors and their strategy formation and execution, providing research, analysis, and insights on the investment outlook for the institutional marketplace. Hessam Nadji, Marcus & Millichap's president and CEO, stated: "This strategic addition is designed to elevate our analytical and market intelligence capabilities and position IPA as a key advisor to institutions. In partnership with John Chang, the firm's chief intelligence and analytics officer, and IPA executives, Dags will leverage the knowledge and experience he has gained guiding strategy for global investment firms to serve multifamily investors and our IPA brokers and financing professionals." Chen has built a long-term institutional research career with multi-year positions with Barings, Ares Management and Clarion Partners. A chartered financial analyst, he has nearly two decades of experience analyzing the intersection between the economy, property fundamentals, and real estate capital markets. "I'm honored to join the research and strategy team at IPA and Marcus & Millichap, which has long valued the analytical insights real estate research delivers to investors," said Chen. "I look forward to providing major institutional clients with impactful analysis and insights to help guide their investment strategy." About Institutional Property Advisors (IPA) Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA's combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offers customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit About Marcus & Millichap, Inc. (NYSE: MMI) Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 7,836 transactions with a sales volume of approximately $49.6 billion in 2024. The company had 1,712 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit View source version on Contacts Gina Relva, VP of Public Relations Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
07-05-2025
- Business
- Business Wire
Institutional Property Advisors Expands in Northern California
PALO ALTO, Calif.--(BUSINESS WIRE)-- Institutional Property Advisors (IPA), a specialized division of Marcus & Millichap (NYSE:MMI) dedicated to serving the company's institutional clients, announced today that Rob LeDoux has joined IPA as a senior director in Palo Alto, California. LeDoux will broker multifamily investment property transactions on behalf of institutional and major private clients in partnership with the IPA Northern California team of Philip Saglimbeni, Salvatore Saglimbeni, Stan Jones, and Alex Tartaglia. Institutional Property Advisors Expands in Northern California Share 'IPA has built and maintained a decades-long dominant market share position throughout the Bay Area and greater Northern California,' said Andrew Leahy, national director of IPA's multifamily division. 'Hiring Rob deepens our ability to serve investors pursuing multifamily investment opportunities throughout Northern California and furthers our continued growth and expansion of the IPA platform.' Previously a director at Walker & Dunlop, LeDoux joins IPA with 15 years of commercial real estate industry experience serving institutional investors throughout Northern California. Over the course of his career, he has been involved in transacting over 15,000 units totaling more than $4 billion in sales volume. With the addition of LeDoux, the IPA team in Northern California has over a century of combined multifamily commercial real estate investment experience. In the last decade alone, the team has closed over 221 transactions on behalf of their clients valued at over $15 billion. 'One of the great benefits IPA provides to institutional and major private clients in Northern California is the ability to deliver advisory, acquisition and disposition services with a focused team of investment professionals,' said Philip Saglimbeni. 'Rob's work ethic, transactional expertise, and versatile skill set make him a valuable addition. We are very pleased to welcome him on behalf of our clients.' About Institutional Property Advisors (IPA) Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA's combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit About Marcus & Millichap, Inc. (NYSE: MMI) Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 7,836 transactions with a sales volume of approximately $49.6 billion in 2024. The company had 1,712 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit
Associated Press
05-04-2025
- Business
- Associated Press
Institutional Property Advisors Brokers $58.1 Million Luxury Multifamily Asset Sale in Los Angeles
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), announced today the sale of The BW, a 78-unit apartment asset with 2,300 square feet of ground floor retail in the Brentwood neighborhood of Los Angeles, California. The property sold for $58.1 million, which equates to $744,872 per unit. 'The BW is in one of the most affluent multifamily submarkets in California, where demand for luxury rentals is high and the median price of a single-family home is over $3.6 million,' said Kevin Green, IPA executive managing director investments. 'Average annual household income in Brentwood is over $213,700 and renters make up 48% of the population.' Green and IPA's Joseph Grabiec, and Gregory Harris represented the seller, California Landmark Group, and procured the buyer, FAMH Group Ltd. 'This sale represents the highest price per unit achieved in the City of Los Angeles of an institutional-sized transaction of $30 million or more in over 36 months,' added Grabiec. The apartment building is located at the intersection of Wilshire Boulevard and Barrington Avenue, adjacent to dining, shopping, entertainment, and recreational amenities in Brentwood Village. Within two miles there is 8 million square feet of office and creative space occupied by technology, media, and entertainment companies, including Hulu, HBO, Lionsgate, Riot Games, and Activision. There are over 140,000 jobs within the local area and nearly 600,000 jobs in the nearby Westside Los Angeles region. Interstates 405 and 10 are within proximity. Completed in 2013, The BW has a mix of studios, one-, two- and three-bedroom units. All apartments have stainless-steel appliances, washers and dryers, deep soaking tubs, walk-in closets, and floor-to-ceiling double-pane windows. Community amenities include a rooftop lounge with Jacuzzi, a fitness center, business center, electric vehicle charging stations, and on-site garage parking. About Institutional Property Advisors (IPA) Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA's combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offers customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit About Marcus & Millichap, Inc. (NYSE: MMI) Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 7,836 transactions with a sales volume of approximately $49.6 billion in 2024. The company had 1,712 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit SOURCE: Marcus & Millichap, Inc. Copyright Business Wire 2025. PUB: 04/04/2025 08:53 PM/DISC: 04/04/2025 08:53 PM
