NEW YORK, N.Y., – Marcus & Millichap, the nation’s largest real estate investment services firm, has promoted J.D. Parker (top right photo) to regional manager of the Manhattan and New Haven offices, according to Harvey E. Green (top left photo), president and chief executive officer of the firm.
“J.D.’s success as the manager of our Brooklyn office and his achievements as an investment specialist make him an invaluable resource to our clients and agents in New York City and in Connecticut.”
Since April 2007, Parker has served as the regional manager of the Brooklyn office, a position he will continue to hold in addition to his new duties as regional manager of the Manhattan and New Haven offices.
Parker received his bachelor’s degree in Operations and Information Systems Management from Penn State University.
Mark Ruble Promoted to Associate Vice President Investments in Phoenix
“Mark has extensive experience as an investment sales specialist in the Phoenix office, focusing on net-leased investment transactions,” says Guido. “Throughout his career with Marcus & Millichap, Mark has matched numerous private and institutional investors with investment real estate in the Phoenix area and throughout the United States. Mark has been instrumental in driving our business forward and developing new business leads.”
Ruble joined the firm in December 2004 and was promoted to senior associate in June 2009. He holds a bachelor’s degree in business real estate from Arizona State University.
Brooklyn, NY Building Listed for Sale at $11.75M
The listing price of $11.75 million represents $146,875 per unit and $169 per square foot.
Multifamily investment specialists Dolly Amigon and Jon Taubes of the firm’s Brooklyn office are representing the seller.
“This is a rare opportunity for an investor to acquire a large building in the heart of Brooklyn’s thriving Chinatown,” says Amigon.
The lot measures 200 feet by 100 feet; the block and lot numbers are 05785-0023 and 0028. The building is two blocks from an N express subway station, or approximately 30 minutes from Manhattan.
The asset is near the Eighth Avenue retail corridor, which is near many restaurants, public transportation and schools.
The four-story apartment building is zoned C1-3/R6. The property includes two one-bath studios, 48 one-bedroom/one-bath units and 30 two-bedroom/one-bath apartments. Average rents at the property are $1,100 per month.
North Florida Development Site Listed for $12.8M
Merchantable timber consists of trees that have attained sufficient size, quality and/or volume to make them commercially valuable. The sales price of $12.8 million represents approximately $3,497 per acre.
“The property was part of the Cedar Creek Development, a mixed-use residential golf community,” says Bouldin. “Currently, it is an excellent opportunity for cash flow with income from the management of the timber, until the market returns for future development.”
“Approximately 44 percent of the property is composed of merchantable planted pines, ranging in age from 15 to 35 years with substantial volume,” adds Jinks.
“Approximately 31 percent is pre-merchantable planted pine, from seven to 14 years of age and approximately 10 percent of the property contains natural stands of bottomland pine, hardwood and cypress. A variety of tree species are found in these natural stands, including slash pine, water oak, laurel oak, maple and sweetgum,” says Jinks.
Glen St. Mary is part of the Jacksonville metropolitan statistical area (MSA).
Contact: Stacey Corso, Public Relations Manager, (925) 953-1716
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