Friday, August 13, 2010

Marcus & Millichap Sells 99-Room Rodeway Inn in Tampa for $1.3M


TAMPA, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Rodeway Inn (top left photo) , a 99 room Hospitality property located in Tampa, FL, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

 The asset commanded a sales price of $1,300,000.

The buyer, a private investor, was secured and represented by Jaimin P. Patel (middle right photo) , Senior Associate and Niven Patel, (middle left photo)  Senior Associate, investment specialists in Marcus & Millichap’s Tampa office.

Rodeway Inn is located at 4139 E. Busch Blvd.

Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700
 
 
S. Sean Hamilton Named to Vice President Investments in Denver

DENVER, Aug. 12, 2010 – The board of directors of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named S. Sean Hamilton (lower right photo)  to the position of vice president investments.

The achievement of vice president investment status is one of the highest levels of recognition the firm awards its sales agents.

 It represents excellence in client relationships, investment real estate expertise and sales volume, according to John J. Kerin, president and chief executive officer.

Most recently, Hamilton held the position of senior associate.

Hamilton began his career with Marcus & Millichap in 2001, specializing in multifamily investment sales.

Pontius Promoted to Lead Commercial Leased Investment Specialty Groups for Marcus & Millichap

ENCINO, CA, Aug. 13, 2010 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted Alan N. Pontius (bottom left photo)  to national director of commercial leased investment properties, according to president and chief executive officer, John J. Kerin (lower right  photo) .

In his new position, Pontius will oversee all commercial leased investment property divisions for the firm, including the National Retail Group (NRG).

He will retain his position as national director of the National Office and Industrial Properties Group (NOIPG), which he held for the past nine years. The NOIPG is one of Marcus & Millichap’s fastest-growing specialty groups.

Pontius is based in the firm’s San Francisco office.

“Our national specialty groups, which focus on each major property sector, are set up to deliver optimum services to our clients while developing the skills, tools and communication of our investment professionals,” says Kerin.

“Al is uniquely qualified to continue our expansion and rapid growth in the commercial leased investment arena, given his extensive background as a successful agent, manager and senior executive with the firm and his relationships with major investors nationally.”

In 1985, Pontius began his career with Marcus & Millichap as a sales associate, and in this capacity he consistently ranked among the firm’s top 25 investment specialists. In 1993, he was appointed regional manager of the Palo Alto office, where he led that office to consistently rank among the top offices companywide.

Pontius was promoted to first vice president in 2000 and to senior vice president in 2002. Also in 2002, he was promoted to national director of the NOIPG. He was elected to managing director in 2007.

“I am excited to bring all of our resources as a highly specialized national firm to owners and investors, and help them navigate the market successfully,” says Pontius. “We have great momentum in leased investment sales and have become a leading source of market research and I look forward to building on that track record,” he continues.

Pontius’ industry trade affiliations include ICSC, NAIOP and ULI, where he is regularly called upon to present on U.S. real estate investment trends. He attended San Francisco State University.

Pontius replaces long-time partner Bernard J. Haddigan (lower left photo), a former senior vice president and managing director, who retired from the firm.

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

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