Wednesday, December 11, 2019

Levin Johnston Transacts $40.5 Million Multifamily Acquisition in Mountain View, CA

Built in 1970, 2310 Rock Street is a 59-unit multifamily townhome community with a Walk Score of 82 located one mile from Foothill College, 5.2 miles from Stanford University.

MOUNTAIN VIEW, CA  Levin Johnston of Marcus and Millichap, correctly advised its client, a private buyer, to offer $40,500,000 to be selected  as the successful bidder in the acquisition of a multifamily townhome property located in one of the country’s most competitive acquisition markets, Mountain View, California,  according to Adam Levin, Executive Managing Director of Levin Johnston.
Levin Johnston is one of the top multifamily brokerage teams in the U.S. The team specializes in wealth management through commercial real estate investments.
“Although the acquisition price represented a record-high sales price for a multifamily property in the Mountain View market, we and the buyer understand the long-term value of the land and the ready demand for housing in the community and were willing to come up to the number that would win our client the deal,” explains Levin.

Adam Levin
With this unprecedented transaction, Levin Johnston continues to lead the market in commercial sales in the Bay Area,” Levin adds. “We were able to compete for 2310 Rock Street by understanding the required pricing necessary to close an acquisition of this type in the hyper-desirable Mountain View market.”
“Our firm is consistently able to bring the right capital to each opportunity to ensure successful closings of win-win transactions,” says Robert Johnston, Senior Managing Director of Levin Johnston.
 “We continue to lead the market in getting deals closed and exceeding our clients’ expectations on both sides of a transaction.”
Built in 1970, 2310 Rock Street is a 59-unit multifamily townhome community with a Walk Score of 82, situated 2.2 miles away from public transit and less than 3 miles from two commuter rail stations. 
The community is located one mile from Foothill College, 5.2 miles from Stanford University, within walking distance of highly rated public schools, as well as within a mile of three shopping centers and within 5 miles of several parks and nature preserves. 
Robert Johnston

San Jose International, San Francisco International, and Oakland International airports are less than an hour’s drive away from the property.
Located in the heart of Silicon Valley, Mountain View houses nearly 80,000 residents, as well as high-tech firms including the headquarters campus for Google. During the past 12 months, nearly 100,000 additional jobs were created in the region amid extremely low unemployment, helping to fuel demand for the 6,400 multifamily units completed over the past four quarters. 
During this time, strong absorption held vacancy in the high-3% band, positioning the region to easily absorb the 3,600 doors slated for fourth quarter delivery.
Levin Johnston has completed over $540 million in sales spanning more than 60 transactions in 2019 to date, demonstrating continued health in the commercial real estate market in this region.
For more information about Levin Johnston’s $100 million in available properties, please visit

Alex Caswell
 Jenn Quader 
Brower Group
(949) 438-6262

After a Record Year, Pollack Shores and Matrix Residential Rebrand as RangeWater

 Steven Shores
ATLANTA, GA – As Pollack Shores Real Estate Group and Matrix Residential close out their biggest year yet, the two divisions of the company are rebranding under one name, RangeWater Real Estate.

“A year ago, we embarked on a plan to unite Pollack Shores and Matrix Residential under one name,” said Steven Shores, CEO and President of RangeWater.

 “We have always been one company under common ownership, but as we have grown to cover markets across the Sun Belt, we recognized the advantages of operating under one brand with a renewed purpose.

"As RangeWater, we will continue to deliver the full breadth and depth of our expertise and services in every market in which we operate.”

2019 marked the company’s most active year since its inception in 2006. It achieved significant deal volume with four acquisitions and 13 developments.


Liana Moran
The Wilbert Group

Shorenstein Unveils String of New Leases, Renewals at Bank of America Plaza in Atlanta, GA

Bank of America PlazaNorth Avenue Smart Corridor, Midtown, Atlanta, GA

ATLANTA, GA (Dec. 11, 2019) – Shorenstein Properties announced today several new tenant signings and lease expansions at Bank of America Plaza, a newly energized Class A office tower in Midtown Atlanta situated in the heart of the North Avenue Smart Corridor.

Nicole Goldsmith

The signings represent more than 80,000 of new occupancy at the building, and mark the latest chapter in a leasing boom that has attracted tech firms and other start-ups to the Southeast’s tallest skyscraper.

Jeff Keppen
 Convoy, a U.S.-based trucking software company that was recognized as GeekWire’s 2017 “Startup of the Year”, signed a multi-floor lease totaling over 49,000 square feet that will allow the fast-growing company to expand operations in its Atlanta hub.

Convoy is committing to a long-term lease at Bank of America Plaza after first moving to the building in 2018.
 Jeff Keppen and Nicole Goldsmith of CBRE represented Shorenstein in the transaction. Tim McCarthy and Jeff Heller from JLL represented Convoy.

 All of the latest signings represent hundreds of additional jobs at the building. Other new tenants and lease expansions at Bank of America Plaza include:

  • D.S. Smith – 13K RSF new lease
  • Itineris – 8K RSF expanded lease
  • Tin Roof Software – 8K RSF expanded lease
  • Groundfloor – 4K RSF expanded lease
  • Florence Healthcare – 4K RSF expanded lease
Tim McCarthy
“Bank of America Plaza continues to emerge as a top choice for companies that are seeking a community-driven workplace experience which will bolster employee productivity and generate meaningful business results,” said Christopher Caltabiano, Senior Vice President of Asset Management at Shorenstein Properties.

“This latest round of leasing activity reflects renewed interest in South Midtown as Atlanta’s next “must visit” destination thanks to a bevy of new mixed-use projects taking shape around the building that resonate with today’s workforce.

"We’re pleased to welcome this dynamic group of tenants to Bank of America Plaza, and look forward to supporting their growth in the years ahead.”

Christopher Caltabiano
More than 150,000 square feet of leasing agreements have been signed at Bank of America Plaza over the last 12 months due to increased demand for next-generation workspace.

Much of that activity being fueled by the dynamic tech ecosystem created by a spec suite program that Shorenstein incorporated throughout the tower to keep up with burgeoning market demand.

Shorenstein also recently completed a $10 million renovation to the building’s West Wing that delivered modern amenities, workspace and Marketplace 600, a 17,000-square-foot food hall. 

Other amenities include the 17,000-square-foot RPM Health Club & Spa, expansive conference facilities, and a Starbucks in the main lobby.

Jeff Heller 
 The crown jewel of Atlanta’s skyline, Bank of America Plaza is home to both fast-growing tech firms such as Featurespace, Flexport, Revel Systems, and Riskalyze, as well as established legal and professional services firms like Troutman Sanders and Bank of America.

Nick Banaszak
The Wilbert Group

Ware Malcomb's Tiffany English to Serve as Presidenet-Elect 2020 and President 2021 of Commercial Real Estate Women (CREW) Network

Tiffany English

IRVINE, CA, Dec. 11, 2019 – Ware Malcomb, an award-winning international design firm, today announced Tiffany English, Principal of Ware Malcomb’s San Diego offices, will serve as President-Elect of the Commercial Real Estate Women (CREW) Network for 2020 and President in 2021.

 In this global role, English will represent the membership of the premier business network dedicated to transforming the commercial real estate industry by advancing women globally. English was named to the post at the recent CREW Network Convention and Marketplace in Orlando, Florida.

“We are so proud of Tiffany and the global role she is taking on at CREW Network, in addition to maintaining her full-time responsibilities at Ware Malcomb,” said Lawrence R. Armstrong, Chief Executive Officer of Ware Malcomb.

Lawrence R. Armstrong
“She is one of our firm’s brightest stars and we know she will do a fantastic job in helping to advance the careers of women in commercial real estate across the country and beyond, just as she has done at Ware Malcomb.”

English has more than 23 years of industry experience in commercial real estate design. She has overseen, designed and managed over five million square feet of projects for commercial real estate and Fortune 500 clients, ranging from small tenant improvements to large full-service build-to-suit projects. She is also experienced in national account management. 


Rachel Devany
VP Public Relations
KCOMM for Ware Malcomb

Maria Rodgers, Public Relations Manager, 949.660.9128,

Maureen Bissonnette, Associate Principal, Marketing, 949.660.9128,

For more information, please visit and view Ware Malcomb’s Design video at

Acquisitions and Staff Growth Highlight San Francisco, CA Longfellow Real Estate Partners’ 10th Year

Adam Sichol 
San Francisco, CA,  Dec. 11, 2019 - During its tenth anniversary year, Longfellow Real Estate Partners significantly increased its portfolio of tech and life science space and expanded its staff in the communities it calls home. 

Longfellow’s complete portfolio now includes over 4.4 million SF of life science, tech, and Class A office space owned and under management in innovation hubs such as Greater Boston, Research Triangle region, San Diego and San Francisco.

 At all of its 2019 acquisitions, Longfellow will implement its proprietary amenities and hospitality program, Elevate™, which aims to redefine workplaces with lifestyle perks. 

                         Nick Frasco
Founded in Boston in 2009, Longfellow serves the unique demands of science and technology companies in the country’s most innovative cluster locations.

In this interview, founders Adam Sichol and Jamie Peschel reflected on the company’s first decade. Highlights of 2019 include: 

Team Growth: In February, Longfellow brought aboard San Diego-based real estate veteran Nick Frasco as Managing Director, West Coast. In his new role, Frasco oversees the growth and operations of the firm’s West Coast portfolio.

Jamie Peschel 
 Frasco previously served as Senior Director in the San Diego office of real estate capital markets intermediary HFF, where he was responsible for over $2 billion of life science, office, and industrial investment sales.

Across its offices in Boston, Durham and San Diego, Longfellow added over 30 new team members in 2019. 

For the company's complete acquisition portfolio, please contact:

Billy Warden
 919.412.0630 and on Twitter (@LongfellowREP) and Instagram (@longfellowrealestate).