Sunday, June 21, 2015

Richard Peltz and William Benoist Lead Marcus & Millichap’s Technology & Help Desk Support to Elite 50

Richard Peltz
CALABASAS, CA – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced it has been awarded inclusion in the prestigious 2015 HDI CSAT Elite 50, one of the highest honors in technological excellence, ranking number 15 among the top 50 help desk support centers globally.

The award was presented by HDI, the world’s largest professional association and certification body for technical service and support professionals.

“We are proud to receive this outstanding recognition on behalf of Marcus & Millichap’s information services (I.S.) department.

“Our dedication to providing the firm’s nearly 1,500 agents across the U.S. and Canada with the resources and I.S. customer support is an important component for our agents and their ability to deliver the highest level of service to our clients,” says Richard Peltz, senior vice president and chief information officer at Marcus & Millichap.

Bill Benoist, vice president of information services and his team have demonstrated unwavering dedication to achieving the most comprehensive level of support available in the industry,” concludes Peltz.

Bill Benoist
Support centers are ranked based on customer satisfaction survey responses gathered by the HDI Customer Satisfaction Index (CSI), an independent, third-party service. 

Based on the data collected over a 12-month period, participating technical service and support centers are identified as leaders in the industry.

The 50 support centers with the highest scores are then named by HDI as members of the HDI CSAT Elite 50, receiving further acknowledgement as industry leaders at the HDI Annual Conference & Expo.

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

Gina Relva
Public Relations Manager

(925) 953-1716

90-Room Hampton Inn & Suites Commands $7.4 Million in Yuma, AZ in Deal Brokered by Marcus & Millichap

Hampton Inn & Suites, 1600 East 16th Street,Yuma, AZ

Aseem Tandon
YUMA, AZ – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Hampton Inn & Suites Yuma, a 90-room hospitality property located in Yuma, Ariz., according to Kevin W. Boeve, vice president and regional manager of the firm’s Ontario office. The asset sold for $7,400,000.

Aseem Tandon, a director of the National Hospitality Group in Marcus & Millichap’s Ontario office, had the exclusive listing to market the property on behalf of the seller, a partnership. The buyer, a partnership, was also sourced by Tandon. 

“This was Aseem’s second significant closing in the city of Yuma in less than a year.  The transaction required a major PIP renovation and the buyer was under a 1031 exchange deadline. 

"His understanding of this asset, the local and regional market, and his 10 years of experience in hospitality investments helped all parties involved,” notes Gregory A. LaBerge, national director of Marcus & Millichap’s National Hospitality Group.

 “Aseem assisted the seller by reaching the goal of a timely liquidation, and he strategically helped the buyer with an improvement plan for the future. This transaction was a ‘win-win’ for all parties.”

Gregory LaBerge
          “Aseem continues to produce exceptional client service for both buyers and sellers of hospitality investments across the nation. He is always working to put the client’s needs first,” concludes Kevin Boeve. 

Hampton Inn & Suites Yuma is located at 1600 East 16th Street in Yuma, Ariz. at the intersection of Highway 95 and Interstate 8 in one of the most scenic areas of the city. 

The property is strategically located to accommodate tourists visiting to enjoy an array of outdoor activities as well as the lodging demands of two premier military installations, Marine Corps Air Station Yuma and United States Army Yuma Proving Ground. Yuma Proving Ground is one of the world’s largest military installations.

With an industry leading hospitality team in more than 40 markets nationally, this marks the 71st hotel sold by Marcus & Millichap’s National Hospitality Group in 2015.

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

Gina Relva
Public Relations Manager

(925) 953-1716

IPA Arranges Sale of Luxury Apartment Complex in Northwest San Antonio, TX

Presidio at the Landmark Apartments, 14100 Vance Jackson Road, San Antonio, TX

Will Balthrope
SAN ANTONIO, TX – Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, is pleased to announce the sale of Presidio at the Landmark, a 412-unit luxury apartment community in San Antonio. The terms of the sale were not disclosed.

            IPA executive director Will Balthrope and IPA director Drew Kile represented the seller and procured the buyer.

            “Presidio at the Landmark’s strategic location near high-traffic expressways, large corporate employers and recently developed regional retail centers, along with San Antonio’s expanding population and strong job market, position it well to provide the new owner with long-term stability and value appreciation,” says Balthrope.

            “The asset also offers an opportunity for value creation through the implementation of a unit modernization program that will place the property on par with newer comparable assets,” adds Kile. “With the transition to an updated, contemporary style, Presidio at the Landmark could become one of the area’s beacon properties.”

            Built in 2008 on nearly 31 acres at 14200 Vance Jackson Road in northwest San Antonio’s Interstate 10/Loop 1604 area, the property is less than one mile from The Rim, the highest income shopping mall in the city.

Drew Kile
 Another high-end shopping mall, The Shops at La Cantera, is located just three miles from Presidio at the Landmark. Nearby employers include the USAA world headquarters, the South Texas Medical Center and the University of Texas at San Antonio.

            Apartments at Presidio at the Landmark feature upgraded appliances, garden tubs, walk-in closets, washer and dryer connections and hardwood floors. 

Select units have vaulted ceilings and attached garages. Community amenities include controlled, gated access, resort-style swimming pools, a fitness center, clubhouse, business center, billiards/game room, pet park and barbecue grill.

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

Gina Relva
Public Relations Manager

(925) 953-1716

CBRE Capital Markets Arranges Sale of Barrington Place Apartments in Oviedo, FL

Justin Basquill
Orlando, FL – CBRE Capital Markets arranged the sale of Barrington Place Apartments, a 233-unit apartment community in the Oviedo area of Orlando for an undisclosed amount. 

Located at 2785 Chaddsford Circle, the complex was completed in 1998 and has a current occupancy of 95%.

CBRE’s Shelton Granade, Luke Wickham, Robert Given and Justin Basquill executed the
transaction on behalf of Chicago-based Equity Residential, an apartment REIT with a portfolio
of more than 100,000 apartment units nationally.

The buyer was a private investment group with multifamily holdings across the country, including several properties in Central Florida.

“Investor interest in the UCF/East Orlando corridor has been very strong, driven by
employment growth around the University and the surrounding office/research parks,” said Mr.
Granade, Executive Vice President of CBRE Capital Markets, Multifamily.  “The property has excellent visibility on heavily-traveled Aloma Avenue near retail, dining, and employers.”

Robert Given
Barrington Place offers a host of amenities, including a resort-style pool, a large clubhouse, a
fitness center, a business center, and private garages.

Easily accessible from Aloma Avenue and State Road 417, the property is located just minutes from the Central Florida Research Park, Quadrangle Office Park, University of Central Florida, Valencia College and Full Sail University.

Mr. Granade, Mr. Wickham and Mr. Basquill have closed approximately $2 billion in
multifamily sales in Central Florida from 2013 to date.

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

Elizabeth Cross
Daniel Jimenez