Marcus & Millichap Names 3 New Vice Presidents/Investments

 Jerry Goldstein Promoted in Houston

HOUSTON, TX — The board of directors of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted Jerry Goldstein (top right photo) to the position of first vice president investments.

This achievement is one of the highest levels of recognition the firm awards to its investment specialists. It represents excellence in the development and servicing of long-term client relationships, according to Brent Smith, regional manager of the firm’s Houston office.

Goldstein joined Marcus & Millichap in May 1994. He was promoted to associate in 1999 and earned senior associate status in May 2000. Goldstein was named a senior investment associate in July 2003 and a vice president investments in January 2008.

 He specializes in the sale of retail, office and industrial assets and currently serves as a senior director of the firm’s National Retail Group. Goldstein has received numerous sales achievement awards from Marcus & Millichap, including five National Achievement Awards.

 Brandon Rex Is New Face in Fort Lauderdale

FORT LAUDERDALE, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named Brandon Rex (middle left photo) to the position of vice president investments, according to Gregory Matus, regional manager of the firm’s Fort Lauderdale office.

“Brandon’s knowledge of the Florida multifamily sector, along with his superior brokerage and advisory services, will make him an asset to our private and institutional clients locally and nationwide,” says Matus.

Rex specializes in the sale of multifamily assets throughout South Florida. A 10-year industry veteran, Rex has closed in excess of 75 transactions totaling approximately $340 million throughout his career. He joins Marcus & Millichap from Apartment Realty Advisors of Boca Raton, where he served as a senior vice president head of the South Florida division of their private client group.


Kenneth Blomsterberg Gets New Post in Sacramento

SACRAMENTO, CA — The board of directors of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted Kenneth Blomsterberg (bottom right photo) to the position of first vice president investments.

This achievement is one of the highest levels of recognition the firm awards to its investment specialists. It represents excellence in the development and servicing of long-term client relationships, according to Robert Hicks, senior vice president and regional manager of the firm’s Sacramento office.

Blomsterberg began his career with Marcus & Millichap in January 1989 and then became an associate in August 1994. He was promoted to senior associate a year later and was named a senior investment associate in June 1995. Blomsterberg was promoted to vice president investments in January 2008. He specializes in the sale of multifamily assets and is a director of the firm’s National Multi Housing Group. He has received 30 sales recognition awards from Marcus & Millichap, including nine National Achievement Awards.

Press Contact: Stacey Corso, Communications Department, (925) 953-1716

Marcus & Millichap Lists Single-Tenant Industrial Property in Houston, TX for $13.84M

HOUSTON, TX – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for Aker Solutions, (top left photo) a 94,800-square foot industrial facility in Houston.

The listing price of $13.84 million represents $146 per square foot.

Daniel Danielak, a senior associate in the firm’s Detroit office is representing the seller.

“The facility includes operational support for the company’s three main activities on the property: drilling intervention, technology and subsea systems,” says Danielak.

“Aker Solutions ASA, an $8.3 billion company, is committed to being the industry leader in oil field operations and has chosen Houston and this facility to invest in their company’s operations.”
Located at 2201 North Sam Houston Parkway West, the site features two built-in water pits for engineering and laboratory testing and four overhead crane systems. The seller controls adjacent land that gives the tenant the availability to expand the existing facility.

The built-to-suit asset was constructed in 2007. The current triple-net lease has eight years remaining, one five-year renewal option and 2.75 percent rent increase every two years.

“Low-rate financing through Mark One Capital, Inc. is available that would give a solid first-year return on a single-tenant asset such as Aker Solutions,” adds Danielak.

“The Aker Solutions guarantee, the long-term triple-net lease, and the superior quality of this facility makes this industrial investment opportunity a best-of-class trophy asset acquisition opportunity.”

Press Contact: Stacey Corso, Communications Department, (925) 953-1716

Marcus & Millichap's Michael Yu Named One of Firm's Top Investment Specialists

Yu is also the firm’s top hospitality agent nationwide.

ENCINO, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named its top investment specialists for 2008.

Michael Yu, (top right photo) of the firm’s Houston office, ranked in the Top 30 out of more than 1,300 investment specialists nationwide. Yu has been the firm’s top hospitality agent nationwide for the past two years.

“We are proud to recognize Michael as one of the firm’s top agents,” says Harvey E. Green, president and chief executive officer of Marcus & Millichap. “His accomplishments and track record reflect his superior transaction expertise and commitment to client service.”

Yu is an associate vice president investments and director of the firm’s National Hospitality Group in Houston. He joined Marcus & Millichap in July 2003. Yu and Rahul Bijlani, also a director of the firm’s National Hospitality Group in Houston, have dominated the mid-market hotel investment sales market in Texas.

Yu and Bijlani facilitated more than 16 hospitality transactions in 2008, despite the turmoil in the financial markets. Together, Yu and Bijlani have represented the buyer, the seller or both on almost 90 percent of Marcus & Millichap’s hospitality transactions in Texas and Louisiana during the past four years.

Press Contact: Stacey Corso, Communications Department, (925) 953-1716