Marcus & Millichap Inc news

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Two Midtown office buildings ripe for conversion come online
Marcus & Millichap has nabbed exclusive marketing rights for two 12-story office properties on 33rd Street, reported.
REAL ESTATE: Apartment market is on hold
In its first-quarter report, commercial real estate firm Marcus & Millichap predicted vacancy rates would decline in 2012 and rents would increase.
Retail market continues to favor larger, national tenants
Spending by newly employed residents and a tempered pace of expansion by retailers will drive further improvements in the Chicago retail property sector, according to a retail market research report from Marcus & Millichap. However, the actual pace of ...
Davis apartment complex sells to investor for $12M
“Well-performing, quality multifamily assets such as the Americana Arms Apartments rarely come to market in Davis,” said Sunny Gill, the Marcus & Millichap agent in Sacramento who represented Virtu and the Bay Area investors who sold it. “The property ...
People in Business
1 Derek Hargrove has joined Marcus & Millichap Real Estate Investment Services as a senior associate in the Houston office, where he focuses on the sale of multi-tenant shopping centers throughout southwest Texas.
Apartment Construction Stars Again in Downtown LA
Los Angeles slipped to the 13th place in Marcus & Millichap's 2012 National Apartment Index, which ranks 44 major apartment markets by their relative health.
In NYC Suburbs, It Can Pay to Rent
Residents pay $529 extra in mortgage payments on average than they do in rent, according to Marcus & Millichap, a real-estate investment brokerage firm.
Renting remains cheaper than owning in NYC suburbs, too  The Real Deal New York (blog)
Commercial real estate transactions
Gene J. Livens of Service Realty Inc. brokered the sale. A California investor purchased ... Harbor Road in Dallas. Scott Ryan, Geoffrey Ficke and Sam Hanna of Marcus & Millichap Real Estate Investment Services brokered the sale of the fully leased ...
Latest San Francisco apartment sale nets Prana $38M for portfolio
The deal comes as Marcus & Millichap and Eastdil Secured market for sale a 22-building portfolio that CIM Investments acquired from a lender in 2009.
Walmart buys Oakland Park Kmart store
Wal-Mart Stores Inc.has paid $11 million for an aging Kmart store in Oakland Park, but the world's largest retailer isn't expected to immediately occupy the site.