Sunday, June 22, 2008

Marcus & Millichap Lists 180-United Ashford Park Apartment Community in Houston, TX

HOUSTON, TX– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for Ashford Park, (above photo) a 180-unit multi-family community in Houston.

Norman Eastwood, (top right photo) a first vice president investments and senior director of Marcus & Millichap’s National Multi Housing Group in Dallas, and Sheri Carey, a senior associate in the firm’s Houston office, are representing the seller, a New York-based limited partnership.

“Situated near the corner of South Dairy Ashford and Westheimer, Ashford Park is ideally located for future growth and potential redevelopment in seven to 10 years,” says Carey. “The neighborhood is steadily being redeveloped and offers ample future opportunities to the investment community.”

Located at 2700 South Dairy Ashford St., the 170,764-square foot apartment community consists of 24 two-story buildings on a 282,704-square foot lot in the far west Houston submarket, which is adjacent to Houston’s Energy Corridor.

Renovated in 2004, Ashford Park is comprised of seven different floorplans in one-, two- and three-bedroom configurations. Unit amenities include washer/dryer connections, fireplaces, patios/balconies, outside storage, walk-in closets and ceiling fans. Community amenities include a swimming pool, clubhouse, fitness center, playground and laundry facilities.

Press Contact: Stacey Corso
Communications Department
(925) 953-1716

Prominent Real Estate Firm Joins Sotheby's International Realty(R) Network in Washington

BELLEVUE, WA--(BUSINESS WIRE)-- Sotheby's International Realty Affiliates LLC announced that Brazen Real Estate in Bellevue, Wash., is the newest member of its luxury real estate network.

The firm, owned by Joseph Brazen, (top right photo) now will do business as Brazen Sotheby's International Realty.

"Joseph Brazen's nearly 30 years of experience selling real estate provides a distinct advantage for this firm,' said Michael R. Good, (top left photo) president and chief executive officer, Sotheby's International Realty Affiliates LLC. 'He and his staff have the local market knowledge and industry experience we feel complement our brand perfectly.'

According to Brazen, his firm's philosophy is to serve their clients with savvy and discretion, as well as integrity and honesty in facilitating their real estate transactions.
'Simply put, we enjoy what we do and like the unique quality of people we serve,' he said. 'Now with the support of this international brand, we hope to expand our reach to more people interested in distinctive properties around the world.'

Brazen Sotheby's International Realty is located at 10138 Main Street, Bellevue, Wash., and can be reached at (425) 454-4141. The company has 12 sales associates that service the greater Seattle, Bellevue and Eastside areas.

For more information, visit

East Tennessee Luxury Properties Represents Exquisite Properties and Developers from East Tennessee at Miami Expo

KNOXVILLE, TN, --( East Tennessee Luxury Properties took their exclusive listings and represented two top developers at the International Real Estate Congress & Expo in Miami, FL on June 10 - 12, 2008.

The three day conference featured guest speakers from around the world presenting seminars and workshops. The exhibit was open to the public. One of the main objectives was to present, on an international level, the vast selection of styles of living in East Tennessee.

“With over seven lakes, mountain top properties with insurmountable views and four seasons of weather (the average temperature of 60 degrees), East Tennessee is an untapped jewel for those wanting to relocate for living, retirement, or finding a wonderful second home.” states Donna Mitchell, (top right photo) owner/broker of East Tennessee Luxury Properties.

“Many people do not realize the beauty of East Tennessee until they visit. One of the world’s top rated Relais & Ch√Ęteau Inns, The Inn at Blackberry Farms, (middle left photo) is nestled here.”

East Tennessee was featured in the March, 2008 edition of Unique Homes in an article on “Emerging Luxury Markets”.

Featured properties included the exclusive addresses of Stone Crest Estate, Morristown, TN, Tennessee Hideaway, Maryville, TN, Rock Point Estate, Vonore, TN, The Enclave at Cove Mountain, Gatlinburg, TN and St. Ives, Alcoa, TN. All properties are exclusive listings with East Tennessee Luxury Properties.

Also featured were two outstanding new developments; Lowes Ferry representing properties on beautiful Fort Loudon Lake, and The Overlook at Montvale representing mountain side properties with views of the Foothills of the Smoky Mountain National Park.

Mitchell says the area is rich in heritage and history. The cost of living is fractional compared to other parts of the United States and has been recognized by national lifestyle and business magazines as a fantastic place to live and work.

East Tennessee Luxury Properties, Donna Mitchell, 865 379 8729. cell: 865-556-1622

Marcus & Millichap Sells 27-Unit Apartment Building in New York City for $12.22M

NEW YORK, N.Y. – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of a 27-unit multi-family building on the Upper East Side in New York. (top left photo)
The sales price of $12.22 million represents $452,593 per unit and $902 per square foot.

Peter Von Der Ahe, (top right photo) an associate vice president investments and director of Marcus & Millichap’s National Multi Housing Group in Manhattan, and Christopher Sjurset, an investment specialist also in the firm’s Manhattan office, represented the seller and the buyer.

“This property is an irreplaceable real estate asset located in the thriving Upper East Side,” says Von Der Ahe. “In this area, townhomes consistently sell for more than $2,000 per square foot. Over the long term, the buyer can expect excellent returns since the property sold for approximately 28.8 times the rent roll.”

Located at 32-34 East 68th St., between Park and Madison avenues, the 13,555-square foot property consists of two 5-story buildings situated on a 42-foot by 101-foot lot. The property includes 3,313 square feet of developable air rights.

Press Contact: Stacey Corso
Communications Department
(925) 953-1716