Friday, March 30, 2012

Marcus & Millichap Names Enrique Wong Sales Manager of Los Angeles Office

LOS ANGELES, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named Enrique Wong (top right photo) sales manager of the Los Angeles office, according to Kent R. Williams (middle left photo), managing director and regional manager of the office.

“Enrique has extensive commercial real estate experience, both as an investment specialist and as a manager,” says Williams. “He will be an asset to our brokerage team, and instrumental in expanding our national market-making capabilities to clients in Los Angeles and throughout the West Coast.”

Wong previously began working with Marcus & Millichap in 2000 as a multifamily property investment specialist in the firm’s Encino office. He left the firm in 2005 and became co-founder of a real estate investment firm, co-founder of a commercial real estate syndication company and founder of a mortgage brokerage firm.

In 2009, Wong received a Top 40 Under 40 Leadership Award from the San Fernando Valley Business Journal. He is a UCLA graduate with a Bachelor of Science degree in psychology with a business administration emphasis. 

Glen Kunofsky Named Top Single-Tenant Retail Associate for Fifth Straight Year    

 NEW YORK, NY– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced its top investment specialists for 2011. Glen Kunofsky (lower right  photo) of Marcus & Millichap’s Manhattan office ranked as one of the top investment specialists out of more than 1,000 nationwide. He was also the top-ranked single-tenant retail agent in the firm for the fifth consecutive year.

“We are proud to recognize Glen as one of the firm’s top agents and as our top single-tenant retail associate for the fifth year in a row,” says John J. Kerin (lower left photo), president and chief executive officer of Marcus & Millichap. “Glen’s accomplishments as an authority on the single-tenant sector are a tribute to his hard work and a reflection of his superior transaction expertise and unwavering commitment to client service.

Kunofsky joined Marcus & Millichap in June 2001 and was promoted to senior vice president investments in August 2008. He is a senior director of the firm’s National Retail Group.

Kunofsky facilitated transactions valued at more than $201 million last year. He is an authority in the field of sale-leasebacks and net-leased real estate transactions. 

Kunofsky can be heard at the upcoming Real Share Net-Leased Conference on April 3 in New York City. He will be moderating the “Net-Leased Investment Outlook” panel, which is comprised of net-leased investment industry leaders.

Contact:  Stacey Corso, Public Relations Manager, (925) 953-1716

Marcus & Millichap Ranks San Francisco, New York City and Houston Top U.S. Office Markets

 CALABASAS, CA, March 30, 2012 – In this year’s National Office Property Index (NOPI), prepared by Marcus & Millichap Real Estate Services, San Francisco, New York City and Houston are the top three markets, based on a variety of factors including vacancies, job growth and projected rents.

 Meanwhile, Cleveland, Detroit and Las Vegas round out the bottom of this year’s NOPI.

U.S. office vacancy is expected to tighten to 16.6 percent by year’s end. Marcus & Millichap forecasts a doubling in demand to 47 million square feet in 2012 will dwarf the 22 million square feet of new supply.

Asking and effective rents are expected to increase 2 and 2.8 percent, respectively, with stronger gains in limited supply, gateway markets.

For a complete copy of the company’s news release and further analysis, please contact:

Stacey Corso, Public Relations Manager, (925) 953-1716

Ackerman & Co. Increases its Presence in Decatur, GA with Acquisition of Winn Medical Center

 Atlanta, GA – Ackerman & Co. is proud to announce that it has acquired four medical office buildings totaling 62,000 rentable square feet in the city of Decatur for approximately $3,670,000 from AB Winn Medical LLC (Midland).

The complex, known as Winn Medical Center (top left photo), is located directly across from Dekalb Medical, a prominent hospital system that services the majority of Decatur-area residents.

“In addition its proximity to I-285 and I-85, Winn Medical Center offers easy ingress and egress, plentiful and free parking with a 6/1,000 PSF ratio, and is within walking distance to Dekalb Medical, making it an ideal location for affiliated physicians looking for an off-campus office,” said Chadd Evans (middle right photo), senior vice president of Investment at Ackerman & Co.  

Evans, who will be responsible for the overall asset management, oversaw the details of the acquisition on behalf of Ackerman while the Grubb & Ellis team of Paul Johnson, Chris Dundon, Dave Linder and Bob Johnson represented the seller. 

Winn Medical Center will continue to serve primarily as medical office space for physician groups, encompassing a wide range of medical specialties including dialysis, home health care, family medicine, cardiology, physiotherapy and speech-language therapy. Fresenius is the largest tenant in the park at 13,000 square feet and also the longest occupant at 20+ years.  

Adam Butler (middle left photo) will serve as the local point of contact and leasing agent for Winn Medical Center.  “We are seeking complimentary tenants,” said Butler. “Top prospective groups include any specialist associated with Dekalb Medical Hospital, dermatology, OBGYN, pediatrics, general dentistry and plastic surgery,“ he added.

Already tenants are recognizing the benefits of leasing across from Dekalb Medical and are taking advantage of Ackerman’s aggressive, below market rates and turnkey improvement allowances.

Pediaspeech Services Inc. and North Georgia Medical Transport have respectively signed 1,500-square-foot and 1,400-square-foot leases at Winn Medical Center. Guardian Home Care has expanded its existing space to 2,200 square feet and two additional leases are out for signature.

For more information, contact:

Fara Wilson,
 VP of Marketing
770. 913.3904