Latest news with #Marcus&MillichapCapitalCorporation
Yahoo
26-03-2025
- Business
- Yahoo
Marcus & Millichap's IPA Capital Markets Division Continues Canadian Expansion
TORONTO, March 26, 2025--(BUSINESS WIRE)--IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI) specializing in capital markets services for major private and institutional clients, announced today its continued expansion in Canada with the hiring of real estate finance industry veteran Onorio Lucchese. Lucchese joins as senior managing director in the firm's Toronto office. He is responsible for capital raising, facilitating cross-border transactions, representing Canadian investors looking to invest in the United States, and assisting international investors in finding real estate opportunities across Canada. "With his extensive background and strong relationships established over many years, Onorio will further the firm's continued growth in Canada and enhance our presence in the North American capital markets," said Evan Denner, executive vice president and head of business, Marcus & Millichap Capital Corporation. "His strong focus on raising capital, facilitating cross-border transactions, and representing Canadian investors looking to invest domestically and in the United States, coupled with assisting international investors in finding commercial real estate opportunities across Canada, will be invaluable to our clients." Lucchese brings over two decades of experience in real estate, including investment banking, strategic advisory, mergers and acquisitions, and equity and debt capital financing for numerous companies in public and private sectors. His experience spans every asset class, including multifamily, industrial, retail, office, self-storage, hospitality, and senior housing. Prior to joining IPA Capital Markets, Lucchese served as a senior investment banker at Raymond James and held senior positions with Brookfield Financial, BMO Capital Markets, and TD Securities. Over the course of his career, Lucchese has been involved in over $20 billion in real estate transactions, including cross-border financings and initial public offerings. Lucchese is a registered professional engineer of Ontario and spent five years as a consulting engineer for the land development industry. About IPA Capital Markets IPA Capital Markets provides major private and institutional clients with commercial real estate capital markets financing solutions, including debt, mezzanine financing, preferred and joint venture equity, and sponsor equity. IPA Capital Markets is a division of Marcus & Millichap Capital Corporation and Marcus & Millichap Capital Corporation Canada Inc. (collectively, "MMCC"), subsidiaries of Marcus & Millichap (NYSE: MMI). 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 Sign in to access your portfolio
Associated Press
07-02-2025
- Business
- Associated Press
$107 Million Construction Financing Arranged by Marcus & Millichap Capital Corporation for Los Angeles Area Mixed-Use Property
Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $107 million in financing for the construction of a 384-unit multifamily asset with 26,000 square feet of retail space located at 4117 E Concours Street in Ontario, California. The project, which is adjacent to the Toyota Arena, will include several digital media signs. Stefen Chraghchian, senior director in MMCC's Encino office, secured the financing with Affinius Capital and Bank OZK on behalf of Adept Urban Development. 'We thank our client for their trust in our expertise to arrange the construction financing for this transformative development, allowing their vision for this site to come to life,' said Chraghchian. 'We navigated through a challenging lending environment to provide them with highly competitive terms. Adept Ontario, the development project, represents a profound commitment to a region in Southern California that is experiencing continued population and job growth. As the first phase of a master-planned development, Adept Ontario will bring a distinctive range of unit types and amenities that are generally unavailable in the Inland Empire market.' About Marcus & Millichap Capital Corporation Marcus & Millichap Capital Corporation (MMCC) is a subsidiary of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada. MMCC provides commercial real estate capital markets financing solutions, including debt, mezzanine financing, preferred and joint venture equity, sponsor equity, loan sales and consultative and due diligence services. In 2023, MMCC closed 1,076 transactions totaling $6.73 billion. To learn more, please visit: Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit SOURCE: Marcus & Millichap Capital Corporation Copyright Business Wire 2025. PUB: 02/06/2025 07:23 PM/DISC: 02/06/2025 07:23 PM
Yahoo
07-02-2025
- Business
- Yahoo
$107 Million Construction Financing Arranged by Marcus & Millichap Capital Corporation for Los Angeles Area Mixed-Use Property
ONTARIO, Calif., February 07, 2025--(BUSINESS WIRE)--Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $107 million in financing for the construction of a 384-unit multifamily asset with 26,000 square feet of retail space located at 4117 E Concours Street in Ontario, California. The project, which is adjacent to the Toyota Arena, will include several digital media signs. Stefen Chraghchian, senior director in MMCC's Encino office, secured the financing with Affinius Capital and Bank OZK on behalf of Adept Urban Development. "We thank our client for their trust in our expertise to arrange the construction financing for this transformative development, allowing their vision for this site to come to life," said Chraghchian. "We navigated through a challenging lending environment to provide them with highly competitive terms. Adept Ontario, the development project, represents a profound commitment to a region in Southern California that is experiencing continued population and job growth. As the first phase of a master-planned development, Adept Ontario will bring a distinctive range of unit types and amenities that are generally unavailable in the Inland Empire market." About Marcus & Millichap Capital Corporation Marcus & Millichap Capital Corporation (MMCC) is a subsidiary of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada. MMCC provides commercial real estate capital markets financing solutions, including debt, mezzanine financing, preferred and joint venture equity, sponsor equity, loan sales and consultative and due diligence services. In 2023, MMCC closed 1,076 transactions totaling $6.73 billion. To learn more, please visit: About Marcus & Millichap, Inc. (NYSE:MMI) Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit View source version on Contacts Gina Relva, VP of Public Relations Sign in to access your portfolio
Yahoo
30-01-2025
- Business
- Yahoo
Marcus & Millichap Capital Corporation Arranges $89.6 Million Construction Financing for Two Minnesota Multifamily Projects
CHANHASSEN, Minn., January 30, 2025--(BUSINESS WIRE)--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. Gary Sefcik in MMCC's Manhattan office secured the financing. Kayne Anderson provided $77.5 million in senior proceeds and SteepRock Capital provided $12.1 million in mezzanine financing for the sponsor, Minnesota-based Roers Companies. "In addition to strong, locally based sponsorship and the desirability of the Chanhassen submarket, our financing package generated a high level of interest from national lenders for the Midwest which has been enjoying robust economic growth and rental demand with relatively limited supply," said Sefcik. The Bennett Apartments, located at 591 West 78th St., plan to feature 184 units and 11,853 square feet of prime retail space. The Harlow Apartments, at 570 Market St., plan to offer 126 units and 3,029 square feet of retail space. The projects are expected to be completed in 2026 and provide future residents with luxury finishes and amenities. About Marcus & Millichap Capital Corporation Marcus & Millichap Capital Corporation (MMCC) is a subsidiary of Marcus & Millichap (NYSE:MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada. MMCC provides commercial real estate capital markets financing solutions, including debt, mezzanine financing, preferred and joint venture equity, sponsor equity, loan sales and consultative and due diligence services. In 2023, MMCC closed 1,076 transactions totaling $6.73 billion. To learn more, please visit: About Marcus & Millichap, Inc. (NYSE:MMI) Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The Company also offers market research, consulting and advisory services to our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit View source version on Contacts Gina Relva, VP of Public Relations Sign in to access your portfolio
