Latest news with #Marcus&Millichap
Yahoo
13-06-2025
- Business
- Yahoo
Marcus & Millichap's IPA Capital Markets Division Arranges a $77.3 Million Non-Recourse Industrial Construction Loan in Savannah, Georgia
SAVANNAH, Ga., June 13, 2025--(BUSINESS WIRE)--IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI) specializing in capital markets services for major private and institutional clients, has arranged $77.3 million in financing for the construction of Central Port Logistics Tract 3, an industrial property located in Savannah, Georgia. The financing was secured by Dallas-based IPA Capital Markets' executive managing director Sunny Sajnani and associate director Travis Headapohl, on behalf of their client, Capital Development Partners (CDP) based in Savannah. Sajnani stated: "The level of lender interest for this project is a testament to Capital Development Partners and their ability to develop high quality logistics and distribution facilities in desired port markets. A national life company embraced the opportunity for this attractive financing and delivered competitive terms. This project provided a financing opportunity that offered scale, backed by the strength of the Port of Savannah." Central Port Logistics Tract 3 will consist of three speculative industrial buildings totaling 1,222,560 rentable square feet near the Port of Savannah. CDP anticipates the project will be fully leased and tenant-occupied by November 2026. These buildings are part of the larger Central Port Logistics Center, where CDP has delivered large-scale industrial projects, including a 982,800-square-foot building fully leased to Plastic Express, a 1,456,000-square-foot facility nearing stabilization, and two recently delivered 150,000-square-foot flex warehouses. "The non-recourse, life company construction loan will provide funds to complete the vertical construction as well as lease-up of the project," Sajnani said. About IPA Capital Markets IPA Capital Markets is a division of Marcus & Millichap (NYSE: MMI). 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. 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
Business Wire
13-06-2025
- Business
- Business Wire
Marcus & Millichap's IPA Capital Markets Division Arranges a $77.3 Million Non-Recourse Industrial Construction Loan in Savannah, Georgia
SAVANNAH, Ga.--(BUSINESS WIRE)-- IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI) specializing in capital markets services for major private and institutional clients, has arranged $77.3 million in financing for the construction of Central Port Logistics Tract 3, an industrial property located in Savannah, Georgia. The financing was secured by Dallas-based IPA Capital Markets' executive managing director Sunny Sajnani and associate director Travis Headapohl, on behalf of their client, Capital Development Partners (CDP) based in Savannah. Marcus & Millichap's IPA Capital Markets Division Arranges a $77.3 Million Non-Recourse Industrial Construction Loan in Savannah, Georgia Share Sajnani stated: 'The level of lender interest for this project is a testament to Capital Development Partners and their ability to develop high quality logistics and distribution facilities in desired port markets. A national life company embraced the opportunity for this attractive financing and delivered competitive terms. This project provided a financing opportunity that offered scale, backed by the strength of the Port of Savannah.' Central Port Logistics Tract 3 will consist of three speculative industrial buildings totaling 1,222,560 rentable square feet near the Port of Savannah. CDP anticipates the project will be fully leased and tenant-occupied by November 2026. These buildings are part of the larger Central Port Logistics Center, where CDP has delivered large-scale industrial projects, including a 982,800-square-foot building fully leased to Plastic Express, a 1,456,000-square-foot facility nearing stabilization, and two recently delivered 150,000-square-foot flex warehouses. 'The non-recourse, life company construction loan will provide funds to complete the vertical construction as well as lease-up of the project,' Sajnani said. About IPA Capital Markets IPA Capital Markets is a division of Marcus & Millichap (NYSE: MMI). 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. 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
02-06-2025
- Business
- Yahoo
HILCO REAL ESTATE SALES ANNOUNCES OCEANFRONT HOTEL INVESTMENT OFFERING AVAILABLE FOR SALE IN NEWPORT, OREGON
NORTHBROOK, Ill., June 2, 2025 /PRNewswire/ -- Hilco Real Estate Sales, in cooperation with Marcus & Millichap, announce July 17, 2025, as the offer deadline for the Shilo Inns Newport Oceanfront, a 179-room, full-service hotel located at 536 SW Elizabeth Street in Newport, Oregon. Positioned directly on the Pacific Ocean, this fee simple offering represents a compelling opportunity for experienced hospitality investors, operators or redevelopers to acquire a large-scale coastal property in one of Oregon's most desirable tourism markets. The hotel spans 2.48± acres across five buildings and offers 900 feet of exclusive beachfront access. Built in 1966, the property features 179 spacious guest rooms with both interior and exterior corridors, along with over 5,000± SF of meeting space, a 3,450± SF full-service restaurant and lounge with panoramic ocean views, a 1,178± SF café and two indoor pools. Zoned C2, the property is strategically located near key demand drivers including Nye Beach, the Oregon Coast Aquarium and the Hatfield Marine Science Center, all accessible via U.S. Route 101. Newport is a year-round tourist destination known for its scenic beauty, historic bayfront, active marine industry and outdoor recreation. The city draws consistent drive-to traffic from Portland and Eugene and benefits from a moderate hotel supply with limited new development. These favorable market dynamics, combined with the Shilo Inn's prime location and strong existing revenue, position the property for significant value-add potential through operational enhancements, capital improvements or full-scale redevelopment. Jordan Schack, vice president at Hilco Real Estate Sales, stated, "This asset offers an exceptional opportunity to acquire a legacy hotel with tremendous upside. With its premier location and multiple revenue drivers, the Shilo Inns is well-positioned to become a dominant hospitality anchor on Oregon's Central Coast." Offers must be submitted no later than July 17, 2025, at 5:00 p.m. (PT), using the Asset Purchase Agreement (APA) available on Hilco Real Estate Sale's website. For further information, please contact Jordan Schack at (847) 504-3297, jschack@ Chris Gomes at (972) 786-2719, Christian Apt at (972) 755-5217, or David Tabata at (503) 200-2050, For information on the property, sale process and terms or to obtain access to due diligence documents, please visit or call (855) 755-2300. About Hilco Real Estate Sales Successfully positioning the real estate holdings within a company's portfolio is a material component of establishing and maintaining a strong financial foundation for long-term success. At Hilco Real Estate Sales (HRE), a Hilco Global company ( we advise and execute strategies to assist clients seeking to optimize their real estate assets, improve cash flow, maximize asset value and minimize liabilities and portfolio risk. We help clients traverse complex transactions and transitions, coordinating with internal and external networks and constituents to navigate ever-challenging market environments. The trusted, full-service HRE team has secured billions in value for hundreds of clients over 20+ years. We are deeply experienced in complex transactions including artful lease renegotiation, multi-faceted sales structures, strategic asset management and capital optimization. We understand the legal, financial and real estate components of the process, all of which are vital to a successful outcome. HRE can help identify the most viable options and direction for a company and its real estate portfolio, delivering impressive results in every situation. View original content to download multimedia: SOURCE Hilco Real Estate, LLC 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
Yahoo
02-06-2025
- Business
- Yahoo
HILCO REAL ESTATE SALES ANNOUNCES OCEANFRONT HOTEL INVESTMENT OFFERING AVAILABLE FOR SALE IN NEWPORT, OREGON
NORTHBROOK, Ill., June 2, 2025 /PRNewswire/ -- Hilco Real Estate Sales, in cooperation with Marcus & Millichap, announce July 17, 2025, as the offer deadline for the Shilo Inns Newport Oceanfront, a 179-room, full-service hotel located at 536 SW Elizabeth Street in Newport, Oregon. Positioned directly on the Pacific Ocean, this fee simple offering represents a compelling opportunity for experienced hospitality investors, operators or redevelopers to acquire a large-scale coastal property in one of Oregon's most desirable tourism markets. The hotel spans 2.48± acres across five buildings and offers 900 feet of exclusive beachfront access. Built in 1966, the property features 179 spacious guest rooms with both interior and exterior corridors, along with over 5,000± SF of meeting space, a 3,450± SF full-service restaurant and lounge with panoramic ocean views, a 1,178± SF café and two indoor pools. Zoned C2, the property is strategically located near key demand drivers including Nye Beach, the Oregon Coast Aquarium and the Hatfield Marine Science Center, all accessible via U.S. Route 101. Newport is a year-round tourist destination known for its scenic beauty, historic bayfront, active marine industry and outdoor recreation. The city draws consistent drive-to traffic from Portland and Eugene and benefits from a moderate hotel supply with limited new development. These favorable market dynamics, combined with the Shilo Inn's prime location and strong existing revenue, position the property for significant value-add potential through operational enhancements, capital improvements or full-scale redevelopment. Jordan Schack, vice president at Hilco Real Estate Sales, stated, "This asset offers an exceptional opportunity to acquire a legacy hotel with tremendous upside. With its premier location and multiple revenue drivers, the Shilo Inns is well-positioned to become a dominant hospitality anchor on Oregon's Central Coast." Offers must be submitted no later than July 17, 2025, at 5:00 p.m. (PT), using the Asset Purchase Agreement (APA) available on Hilco Real Estate Sale's website. For further information, please contact Jordan Schack at (847) 504-3297, jschack@ Chris Gomes at (972) 786-2719, Christian Apt at (972) 755-5217, or David Tabata at (503) 200-2050, For information on the property, sale process and terms or to obtain access to due diligence documents, please visit or call (855) 755-2300. About Hilco Real Estate Sales Successfully positioning the real estate holdings within a company's portfolio is a material component of establishing and maintaining a strong financial foundation for long-term success. At Hilco Real Estate Sales (HRE), a Hilco Global company ( we advise and execute strategies to assist clients seeking to optimize their real estate assets, improve cash flow, maximize asset value and minimize liabilities and portfolio risk. We help clients traverse complex transactions and transitions, coordinating with internal and external networks and constituents to navigate ever-challenging market environments. The trusted, full-service HRE team has secured billions in value for hundreds of clients over 20+ years. We are deeply experienced in complex transactions including artful lease renegotiation, multi-faceted sales structures, strategic asset management and capital optimization. We understand the legal, financial and real estate components of the process, all of which are vital to a successful outcome. HRE can help identify the most viable options and direction for a company and its real estate portfolio, delivering impressive results in every situation. View original content to download multimedia: SOURCE Hilco Real Estate, LLC Sign in to access your portfolio
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 .
