NEW YORK, June 16, 2014 – Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has arranged two loans totaling $24.2 million in New York City. e refinanced properties are a 30-unit residential and three commercial unit mixed-use property on 10th Avenue that received $14.7 million and a 30-unit residential mid-rise apartment building on Marcus & Millichap Capital Corp. Arranges Two Loans Totaling $24.2 Million TRI-STATE MARKET BEAT Marcus & Millichap Expands Presence in the New York Metro Area FIRST HALF 2014 Marcus & Millichap Capital Corp. .... 2, 3 Recent Closings ............................... 4, 6 Market Reports ....................... 5, 7, 9, 11 Current Listings ............................. 8, 10 1031 Exchange Closings.................... 12 1031 Exchange Listings..................... 13 Retail Investment Leader ................... 14 Marcus & Millichap Recruitment ....... 15 IN THIS ISSUE Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, continues to grow its presence in the New York Tri- State commercial real estate market with the hiring of 50 new agents within the last 12 months. e firm anticipates expanding its footprint with opening additional offices in the New York Metro area in 2015. Marcus & Millichap successfully became a public company on October 31, 2013, trading on the New York Stock Exchange under the ticker symbol MMI. is significant event in the company’s history is a reflection of its solid market position and successful client services, which have been growing steadily over the past 43 years. e firm’s goal in becoming a publicly traded company is to further enhance its brand while increasing the ability to invest in client services, brokerage support and accelerating its overall growth plan. Marcus & Millichap closed over 6,600 transactions in 2013 with a value of approximately $24 billion. West 51st Street that received $9.5 million. Chris Marks, in the firm’s Manhattan office and Steve Rock in the Westchester office, handled both assignments. Marcus & Millichap’s research division is dedicated to providing clients with cutting edge market research. The group produces more than 2,000 research products annually, customized by property type and local market. This creates a proactive approach to maximizing returns. Our agents’ market knowledge is based on a full understanding of national and local trends and emerging market conditions. Clients benefit from innovative insights based on economic, demographic and real estate indicators. For top-of-the-line access, go to marcusmillichap.com/research to register and subscribe. Get The Latest Market Trends
Transcript
NEW YORK, June 16, 2014 – Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has arranged two loans totaling $24.2 million in New York City. The refinanced properties are a 30-unit residential and three commercial unit mixed-use property on 10th Avenue that received $14.7 million and a 30-unit residential mid-rise apartment building on
Marcus & Millichap Capital Corp. ArrangesTwo Loans Totaling $24.2 Million
TRI-STATE MARKET BEAT Marcus & Millichap Expands Presence in the New York Metro Area
Current Listings ............................. 8, 10
1031 Exchange Closings .................... 12
1031 Exchange Listings ..................... 13
Retail Investment Leader ................... 14
Marcus & Millichap Recruitment ....... 15
I N T H I S I S S U E
Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, continues to grow its presence in the New York Tri-State commercial real estate market with the hiring of 50 new agents within the last 12 months.
The firm anticipates expanding its footprint with opening additional offices in the New York Metro area in 2015.
Marcus & Millichap successfully became a public company on October 31, 2013, trading on the New York Stock Exchange
under the ticker symbol MMI. This significant event in the company’s history is a reflection of its solid market position and successful client services, which have been growing steadily over the past 43 years.
The firm’s goal in becoming a publicly traded company is to further enhance its brand while increasing the ability to invest in client services, brokerage support and accelerating its overall growth plan.
Marcus & Millichap closed over 6,600 transactions in 2013 with a value of approximately $24 billion.
West 51st Street that received $9.5 million. Chris Marks, in the firm’s Manhattan office and Steve Rock in the Westchester office, handled both assignments.
Marcus & Millichap’s research
division is dedicated to providing
clients with cutting edge market
research. The group produces
more than 2,000 research
products annually, customized
by property type and local
market. This creates a proactive
approach to maximizing returns.
Our agents’ market knowledge
is based on a full understanding
of national and local trends and
emerging market conditions.
Clients benefit from innovative
insights based on economic,
demographic and real estate
indicators.
For top-of-the-line access, go to
marcusmillichap.com/research
to register and subscribe.
Get The Latest Market Trends
2
Marcus & Millichap Capital Corporation
Mixed-UseHamden, CT$2,960,000
MultifamilyNew York, NY$14,700,000
RetailWestampton, NJ
$4,800,000
MultifamilyNew York, NY$16,500,000
RestaurantNeptune, NJ$2,500,000
MultifamilyNew York, NY$9,500,000
MultifamilyNew York, NY$5,200,000
Marcus & Millichap Capital Corp. (MMCC) was founded in 1995 and is a leading source of real estate capital nationally. MMCC brings together a highly experienced team of financing experts and relationships with prominent regional and national lenders. We secure our clients the most competitive financing for their acquisition, refinancing and development needs across all property types.
For over 18 years, MMCC has provided our clients with real estate finance expertise to get their acquisitions and refinancings closed. Our goal is to match each borrower with the lender who best suits their unique needs. We aggressively source funds through our network of lenders and are able to obtain the most competitive rate, proceeds and terms that fit our client’s objectives.
A Sampling of Our Tri-State Recently Financed Transactions
Northern Manhattan PortfolioNew York, NY$23,300,000
East 88th StreetNew York, NY$12,000,000
East 90th StreetNew York, NY$6,400,000
Cornelia StreetNew York, NY$24,600,000
Saint Marks PlaceNew York, NY$13,875,000
West 94th StreetNew York, NY$10,400,000
Rite AidBronx, NY
$6,738,000
Redevelopment SiteNew York, NY$26,250,000
Second AvenueNew York, NY$14,275,000
Second AvenueNew York, NY$10,500,000
Queens BoulevardSunnyside, NY
$6,900,000
The Inwood PortfolioNew York, NYConfidential
West 82nd StreetNew York, NY$17,100,000
Crown StreetBrooklyn, NY$11,000,000
West 84th StreetNew York, NY$8,375,000
5www.MarcusMillichap.com
New York City Metro Apartment Overview
2014 Apartment Trends
New York City’s growing technology industry is driving employment and population growth, spurring apartment construction.The tech industry is booming as venture-capital investments in the New York City metro are up 9 percent in the last four quarters compared with the same 12-month span a year earlier. Many of the startups that are receiving funding from venture-
capital firms are creating higher-paying tech jobs, supporting an increase in household income. Rising incomes are expected to help lure 15,000 new households, creating stronger demand for apartments. Housing demand this year will motivate builders to construct twice as many rentals as the previous year. A surge in apartment construction will overwhelm demand, lifting vacancy this year, though occupancy remains nominally full. The lack of concessions combined with higher rents in new units will raise average effective rents to above $4,000 per month for the first time in several years.
Buyer demand in New York City is outpacing the supply of available listings, with many assets receiving multiple competitive offers. Syndicated investors in Manhattan are moving north of 96th Street in search of properties with rents below the market rate that can be retenanted and have rents increased. A large portion of these syndicates are from out of state or are foreign investors from Europe, Canada and Israel. In contrast, many private exchange buyers are moving south into Midtown looking for assets to trade into and hold over the long term. Rising property values in Manhattan are pushing some investors into Brooklyn and Queens, where they are targeting apartment buildings along direct transportation routes into Manhattan. As a result, many local Brooklyn buyers are being priced out of the downtown Brooklyn and Williamsburg areas. These investors are instead moving into the southern and eastern neighborhoods and into Queens, where they are targeting value-add plays. Institutional investors are focusing their efforts in submarkets near the Brooklyn Bridge and the Williamsburg and Greenpoint neighborhoods.
Marcus & Millichap assists their clients in measuring the performance of their properties and looking for new opportunities to maximize returns. We have the unique ability to provide analysis across markets and property types. Below is a small sample of trends that may be used in assisting a timely and fact-based decision. We tailor our research to help clients understand the local submarket drivers and future trends unique to their personal needs.
Second Quarter 2014
Housing Trends: Limited listings and heightened demand from local and foreign investors will likelylift transaction velocity and home values citywide.
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Economy: Employers in New York City are on track to boost payrolls 2.5 percent in 2014 with the creation of 100,000 jobs. Last year, hiring expanded by 80,300 positions.
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Construction: Builders will deliver more than 14,000 rentals in the five boroughs this year. Nearly 10,000 units are slated for completion in Manhattan and Brooklyn. Last year 5,800 units were brought online.
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Vacancy: A large number of apartment completions will overwhelm demand, pushing vacancy up 30 basis points to 2.4 percent in 2014, even as net absorption tops 9,000 units.
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Rents: In 2014, operators are forecast to increase effective rents 2.6 percent to $4,064 per month. Last year rents dipped 0.1 percent.
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Sales Trends: Anticipation of stricter rent controls threatens to limit value-add plays across New York City, causing some caution among investors. Interest from foreign investors will likely rise as property values in the gateway market continues to be a lower-priced alternative to other major international cities.
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6www.MarcusMillichap.com6
A Sampling of Our New Jersey Recent Closings
The number one broker in New York, New Jersey, and Connecticut.
NJ Broker of Record: Michael J. Fasano (678) 808-2700
Bearfort Shopping VillageWest Milford, NJ
$4,075,000
CVS/pharmacy andBest Buy Liquors
Hazlet, NJ$2,800,000
Mine Brook RoadBernardsville, NJ
$1,510,000
Barnes & NobleFarmington, CT
$3,600,000
The Carla NicoleWest New York, NJ
$6,060,000
Cinnaminson PlazaCinnaminson, NJ
$2,875,000
KFC/Long John Silver’sLedgewood, NJ
$1,700,000
Rite Aid and Advance AutoNaugatuck, CT
$3,675,000
Delsea Woods MHCVineland, NJ$6,250,000
Warren PlazaSpring Lake Heights, NJ
$3,050,000
Rutgers StreetNew Brunswick, NJ
$1,700,000
CVS/pharmacyNaugatuck, CT
$3,950,000
Winslow PlazaSicklerville, NJ
$6,610,000
Airship Self StorageManchester, NJ
$3,550,000
Newark Pompton TurnpikePequannock, NJ
$2,100,000
Walgreens Anchored RetailGroton, CT$5,150,000
Sycamore RidgePennsauken Township, NJ
$33,600,000
Village CourtSouth Orange, NJ
$3,750,000
Chase Bank Ground LeaseColts Neck, NJ
$2,688,000
CVS/pharmacyCanton, CT$6,750,000
Camden CountyHealth Services
Blackwood, NJ$37,100,000
Hudson StreetHoboken, NJ$4,000,000
East 5th AvenueRoselle, NJ$2,775,000
Union SquareSouthbury, CT$9,450,000
A Sampling of Our Connecticut Recent Closings
7www.MarcusMillichap.com
Sources: Bureau of Labor Statistics, TWR Dodge, MPF Research
Northern New Jersey Apartment Overview
Migrating residents and expanding employers are generating substantial rental demand in the Northern New Jersey region, benefiting apartment owners and spurring development. Rising rents in Manhattan are encouraging many residents to search across the Hudson River for more affordable rentals. Several large companies are making the same journey to take advantage of tax credits
and lower rents. Many are expanding into Jersey City, including Forbes Media, JPMorgan, RBC Capital Markets and VF Sportswear. Tax incentives require companies to sign 10-year leases and create additional jobs. In addition to steady employment growth, the rising median home price further continues to widen the gap between mortgage payments and rents, favoring operators as demand accelerates in the Northern New Jersey area. As a result, developers are boosting apartment construction in the region to near pre-recession levels. The majority of new supply is underway in Hudson and Bergen counties, near transit routes into Manhattan. The increase in apartment inventory will cause a slight uptick in vacancy this year, though vacancy will remain well below the national average of 5.2 percent.
Improving economic conditions are intensifying investor demand for multifamily assets in Northern New Jersey; however, listings remain in short supply. Local buyers are targeting Class B/C properties with underperforming rent rolls or outdated units that can be quickly remodeled and have rents lifted. Strong employment growth in Jersey City and its proximity to Manhattan are stirring investor appetite for properties in and around the city as transaction velocity continues to rise. Over the last year, cap rates in Jersey City have risen roughly 50 basis points to the mid-6 percent area as more opportunistic investors have entered the market searching for higher-yield assets. Institutional investors have become more active, targeting upper-tier properties along the Hudson River front, where assets trade with cap rates in the high-4 to low-5 percent range. Expansion at the Port of Newark has drawn interest to Union County from investors seeking lower-cost alternatives to properties in Hudson and Bergen counties, where initial yields are in the 7 percent range.
Second Quarter 2014
Housing Trends: The number of single-family permits in the six-county Northern New Jersey region rose 48 percent in 2013, to more than 2,800. Multifamily developers pulled 9,000 permits, a 30 percent annual increase.
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Economy: Employers in the region will create 30,000 new positions in 2014, a 1.6 percent year-over-year increase. Last year, hiring rose 1.5 percent with the addition of 27,100 jobs.
■
Construction: Just over 8,000 units are under construction with delivery dates scheduled through 2016. There are an additional 18,000 units planned with no scheduled start dates.
Outlook: In 2014, builders will complete 3,500 rentals; construction will be focused in Hudson County. Last year 2,200 units were brought online.
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Vacancy: A large number of apartment completions will overwhelm demand, pushing vacancy up 30 basis points to 2.4 percent in 2014, even as net absorption tops 9,000 units.
■
Rents: In 2014, operators are forecast to increase effective rents 2.6 percent to $4,064 per month. Last year rents dipped 0.1 percent.
■
Sales Trends: Anticipation of stricter rent controls threatens to limit value-add plays across New York City, causing some caution among investors. Interest from foreign investors will likely rise as property values in the gateway market continues to be a lower-priced alternative to other major international cities.
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2014 Apartment Trends Marcus & Millichap assists their clients in measuring the performance of their properties and looking for new opportunities to maximize returns. We have the unique ability to provide analysis across markets and property types. Below is a small sample of trends that may be used in assisting a timely and fact-based decision. We tailor our research to help clients understand the local submarket drivers and future trends unique to their personal needs.
8www.MarcusMillichap.com8
A Sampling of Our New York Exclusive Listings
The McCarren Park Portfolio
Brooklyn, NY$25,500,000
West 145th StreetNew York, NY$24,700,000
Second AvenueNew York, NY$20,995,000
The Bogardus MansionNew York, NY$19,000,000
Avenue DBrooklyn, NY$5,500,000
West 16th StreetNew York, NY$8,200,000
Hudson StreetNew York, NY$16,650,000
St. Johns PlaceBrooklyn, NY$13,000,000
Neptune AvenueBrooklyn, NY$12,000,000
West 171st StreetNew York, NY$10,995,000
Hamburg Village SquareHamburg, NY$10,176,000
West 83rd StreetNew York, NY$9,999,000
9th AvenueNew York, NY$21,500,000
East 74th StreetNew York, NY$10,950,000
Finch PaperGlens Falls, NY
$5,048,000
Lexington AvenueMohegan Lake, NY
$6,750,000
Lafayette AvenueBrooklyn, NY$6,100,000
Hancock PlaceNew York, NY$9,250,000
Nostrand AvenueBrooklyn, NY$5,250,000
York AvenueNew York, NY$7,500,000
East First StreetNew York, NY$5,150,000
East 37th StreetNew York, NY$7,300,000
Havemeyer StreetBrooklyn, NY$5,000,000
Convent AvenueNew York, NY$6,500,000
Manhattan, Westchester, New HavenJ.D. Parker | First Vice President/Regional Manager
A strengthening economy in the nation’s largest city is underpinned by record tourism levels, a strengthening job market, and steady household growth, drawing the attention of retailers and developers. Improving economic conditions worldwide are expected to boost the volume of foreign visitors to New York City. International travelers typically spend more money and remain in the city
for a longer time period than their American counterparts, supporting growth in the leisure and hospitality sector and retail spending. Moreover, the addition of higher-paying jobs in the city’s growing technology industry, financial services, and professional and business services sectors are producing healthy employment and income gains throughout the area. The increase in jobs and rising incomes are attracting new residents to the city, yielding elevated retail spending. The rise in retail sales is intensifying interest of restaurant, apparel and convenience store merchants looking to expand operations, escalating development activity in the market.
Economic optimism and the rising value of retail assets are creating intense investor interest that is exceeding the supply of available listings in the New York City retail market. Many owners perceive a lack of available alternatives to trade into, resulting in their reluctance to bring properties to market, while others are cashing in on purchases made during the recession. Buyers looking to stay in front of future rises in interest rates are generating multiple offers on the scarce listings that are in play. In particular, properties in proximity to the city’s numerous large-scale developments that are underway are attracting heightened attention from investors seeking long-term gains. Wealthy international investors and REITs are scouring upscale retail areas for portfolio additions. In Manhattan, high-net-worth individuals and smaller syndicates are in search of retail condos with profitable tenants and long-standing leases, while rising prices and a limited selection of value-add plays are pushing opportunistic investors into Brooklyn’s southern neighborhoods, Queens, Bronx and Staten Island.
Marcus & Millichap assists their clients in measuring the performance of their properties and looking for new opportunities to maximize returns. We have the unique ability to provide analysis across markets and property types. Below is a small sample of trends that may be used in assisting a timely and fact-based decision. We tailor our research to help clients understand the local submarket drivers and future trends unique to their personal needs.
Sources: CoStar Group, Inc., Real Capital Analytics, TWR Dodge
Second Quarter 2014
Economy: Retail sales in the metro rose 2.9 percent in the most recent four-quarter period. Sales increased nearly 37 percent since the lowest point of the recession in the first quarter of 2009.
Outlook: New York City is on track to amplify payrolls by 100,000 workers in 2014, representing growth of 2.5 percent. Last year, hiring expanded 2.0 percent with the creation of 80,300 jobs.
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Construction: Developers brought online more than 500,000 square feet of space throughout the city, lifting inventory by 0.2 percent. More than 3.5 million square feet of retail space is under construction in the five boroughs with completions dated through 2015.
Outlook: This year, developers will bring online roughly 2 million square feet of retail space, expanding inventoryby 1 percent.
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Sales Trends: Deal flow for all retail property types increased 16 percent across New York City in the last four quarters. Average prices for triple-net properties rose 27 percent to $690 per square foot. Transaction velocity for retail condos in Manhattan dipped slightly in the last four quarters, aiding a 4.4 percent rise in average price per square foot to $1,200, as buyer demand remains high.
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Local Highlights: The population in Brooklyn broke 2.6 million in 2013, making the borough the fastest-growing in the city for the second consecutive year. The 780,000 square-foot expansion of the existing Bay Plaza Shopping center will convert the center into the city’s first enclosed shopping mallin almost 40 years.
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10www.MarcusMillichap.com10
A Sampling of Our New Jersey Exclusive Listings
The number one broker in New York, New Jersey, and Connecticut.
NJ Broker of Record: Michael J. Fasano (678) 808-2700
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* Trailing 12-Month PeriodSources: CoStar Group, Inc., Real Capital Analytics
Northern New Jersey Retail Overview
Elevated gains in employment are paying dividends in the Northern New Jersey retail market. Job growth throughout the region is lifting household incomes and, in turn, fostering healthy increases in retail sales. The steady rise in spending at stores, restaurants and bars is drawing the attention of retailers. Gyms, restaurants, convenience stores, and grocery stores are among the major retailers
expanding their local footprint in the area. Rising demand for retail space is motivating developers to accelerate production. Among the largest projects to be completed this year is a 425,000 square-foot shopping center at Teterboro Landing. The development will be anchored by Wal-Mart and Costco. The majority of deliveries will come online pre-leased, thereby limiting the impact on vacancy throughout the region. Though inventory is expected to rise this year, demand will grow at a faster pace and vacancy will decline for the second consecutive year. Increased competition among retailers will enable property owners to lift asking rents and boost net operating incomes.
Improving operations and willing lenders in the retail market are drawing the attention of investors, although buyers far outnumber sellers. As a result, properties brought to market are receiving multiple offers, and, in some cases, selling above their asking price. Many owners remain inactive due to a perceived lack of available assets to trade into. Sellers that are coming to market are monetizing the increase in value on assets that were purchased at the bottom of the recession, while others are taking advantage of 1031 exchange opportunities to trade into assets in secondary locations with higher cap rates and value-add potential. Local, private investors are the primary buyers in the market, and many are seeking net-leased properties with national tenants. Buyers are also looking for small strip centers with stable leases. Lenders are willing to provide financing for retail properties, and will compete to expand their portfolios throughout the Northern New Jersey region.
Second Quarter 2014
Marcus & Millichap assists their clients in measuring the performance of their properties and looking for new opportunities to maximize returns. We have the unique ability to provide analysis across markets and property types. Below is a small sample of trends that may be used in assisting a timely and fact-based decision. We tailor our research to help clients understand the local submarket drivers and future trends unique to their personal needs.
Economy: Employment growth in the area will increase 1.6 percent this year with the addition of 30,000 positions. In 2013, 27,100 jobs were added.
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Construction: During 2014, projects totaling 780,000 square feet will come online. The majority of deliveries are located in Bergen County. Last year, 230,000 square feet was completed in the region.
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Vacancy: Improving economic conditions in 2014 will attract more retailers to the area, dropping vacancy 40 basis points to 5 percent on net absorption of 1.5 million square feet. Last year vacancy fell 80 basis points.
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Rents: This year, asking rents in Northern New Jersey will reach $22.33 per square foot, an annual increase of 2.0 percent that outpaces the 0.5 percent gain in 2013.
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Single-Tenant Sales Trends:* Transaction velocity of single-tenant assets declined 5 percent in the most recent 12 months, reflecting a lack of available listings.
Outlook: Net-leased assets near major retail corridors will garner interest from REITs and institutional buyers.
Multi-Tenant Sales Trends: In the 12-month period ending in the first quarter, sales volume for multi-tenant properties in Northern New Jersey rose 17 percent.
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2014 Retail Trends
12www.MarcusMillichap.com12
NJ Broker of Record: Michael J. Fasano (678) 808-2700 NJ Broker of Record: Michael J. Fasano (678) 808-2700
WalgreensStony Point, NY
$4,800,000
7-ElevenQueens, NY$2,200,000
Burger KingCheektowaga, NY
$1,722,000
Bay Atlantic Federal Credit Union
Millville, NJ$1,325,000
Advance Auto PartsCentral Square, NY
$1,308,000
Eastview Dialysis/FreseniusVictor, NY
$2,265,000
Taco BellOrchard Park (Buffalo), NY
$1,875,000
KFC/Taco BellWaterloo, NY$1,738,000
Dollar GeneralWilson, NY$1,337,000
Court StreetBrooklyn, NY$6,400,000
Chase BankColts Neck, NJ
$2,688,000
Crab Shack Rochester, NY$1,352,000
Rite AidBronx, NY
$6,738,000
Pep BoysNew Hartford, NY
$2,860,000
McDonald’sYonkers, NY$1,038,000
KFCRockaway, NJ$1,404,000
CVS/pharmacyCanton, CT$6,750,000
Rite AidBuffalo, NY$3,200,000
CenterLight Health SystemsJamaica, NY$2,000,000
7-ElevenCinnaminson, NJ
$1,420,000
KFCCommack, NY$11,400,000
Barnes & NobleFarmington, CT
$3,600,000
Friendly’sNorwich, CT$2,100,000
Friendly’sEndicott, NY$1,672,000
Manhattan, Westchester, New HavenJ.D. Parker | First Vice President/Regional Manager
Top Retail Brokers by Number of Properties – First Half 2014
Net-Leased C-Stores1,186 Properties Sold
$1,970,631,000
Net-Leased Discount Stores1,044 Properties Sold
$1,464,976,000
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Offices Throughout the U.S. and Canada www.MarcusMillichap.com
■ An extensive training and mentoring program
■ State-of-the-art technology and communication systems
■ Transaction-experienced, noncompeting managers
■ Comprehensive market research reports and real estate data
Since 1971, Marcus & Millichap has been the industry leader in commercial real estate investment brokerage services. We provide an entrepreneurial environment with strong corporate support and training.In summary, we offer:
We are seeking a limited number of motivated, ambitiousindividuals for our five Tri-State offices, as our real estate
investment sales and financing teams are expanding.
Westchester50 Main Street, Suite 925White Plains, NY 10016
(914) 220-9730
New Haven265 Church Street, Suite 210
New Haven, CT 06510(203) 672-3300
To learn more about career opportunities in the Tri-State region contact:
15
With offices throughout the U.S. and Canada, as well as $24 billion in total sales for 2013, why not make Marcus & Millichap the best choice for your career?
270 Madison Avenue, 7th FloorNew York, NY 10016
Presort StdU.S. Postage
PAIDNew York, NYPermit #8048
MANHATTAN / WESTCHESTER /NEW HAVEN J.D. ParkerFirst Vice President/Regional Manager 270 Madison Ave, 7th Floor New York, NY 10016(212) 430-5100 Phone(212) 430-5110 Fax [email protected]
Marcus & Millichap Closes More TransactionsThan Any Other Firm
THE INDUSTRY LEADER Marcus & Millichap was founded on the premise of making a market for each property we represent. Our proactive and targeted marketing campaigns, combined with unparalleled relationships with private and institutional investors, enable us to close more transactions than any other source.
TODAY’S INFORMATION DRIVES TOMORROW’S MARKETMarcus & Millichap’s Research Services Division produces more than 2,000 publications annually, from national reports and macroeconomic forecasts to metro market outlooks and property analyses. Combined with the real-time intelligence gained from our industry-leading sales activity, our research helps investors make the most informed decisions.
MARCUS & MILLICHAP CAPITAL CORPORATION In an extremely challenging market, Marcus & Millichap Capital Corporation continues to source debt capital and execute transactions. The combination of our highly experienced national team of financing experts and lender relationships enabled us to successfully assist our clients in one of the most difficult markets on record.
To attend our industry-leading market overview webcasts, register at www.MarcusMillichap.com/Webcasts
NON-ENDORSEMENT NOTICE: Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
NEW JERSEYBrian HoseyRegional Manager River Drive Center 3611 River Drive, 4th FloorElmwood Park, NJ 07407(201) 582-1000 Phone(201) 582-1010 [email protected]
50 Main Street, Suite 925 White Plains, NY 10606 (914) 220-9730 Phone (914) 220-9731 Fax
265 Church Street, Suite 210 New Haven, CT 06510 (203) 672-3300 Phone (203) 672-3310 Fax
MARCUS & MILLICHAP CAPITAL CORPORATIONJohn WilcoxVice President, East Coast Region 270 Madison Avenue, 7th FloorNew York, NY 10016 (212) 430-5226 [email protected]
