Featured Press

AB 3088 – COVID-19 TENANT RELIEF ACT OF 2020

AB 3088 – COVID-19 TENANT RELIEF ACT OF 2020 1650 1275 The Leeson Group | Marcus & Millichap
Biden Proposes to Fund Caregiver Plan by Changing Tax Treatment of Like-Kind Exchanges 770 400 The Leeson Group | Marcus & Millichap

Biden Proposes to Fund Caregiver Plan by Changing Tax Treatment of Like-Kind Exchanges

The presumptive Democratic nominee’s plan would cost $775 billion over 10 years. Joe Biden, the presumptive Democratic candidate for president, today unveiled a 10-year, $775 billion plan to fund universal childcare and in-home elder care that would be paid for by taxing real estate investors. During a live appearance in Delaware this afternoon, Biden said…

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Casa Andini in Buena Park Sold for Over $7 Million 1500 1000 The Leeson Group | Marcus & Millichap

Casa Andini in Buena Park Sold for Over $7 Million

BUENA PARK, CA, May 8, 2020 – The Leeson Group is pleased to announce the sale of Casa Andini, a 24-unit apartment property located in Buena Park, CA. Situated on a 0.89-acre lot, the 20,784 square foot property consists of one- and two-bedroom floor plans, each with a den, and offers amenities including security doors,…

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Greater Los Angeles Multifamily Asset Sold by Institutional Property Advisors 2048 1329 The Leeson Group | Marcus & Millichap

Greater Los Angeles Multifamily Asset Sold by Institutional Property Advisors

WEST COVINA, Calif., April 3, 2020 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of South Hills Apartments, an 85-unit apartment property in West Covina, California. The $31.95 million sales price equates to $375,882 per unit. “South Hills Apartments is poised to benefit from the San…

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Marcus & Millichap Negotiates $20.1M Sale of Seville Apartments in Southern California 1500 1000 The Leeson Group | Marcus & Millichap

Marcus & Millichap Negotiates $20.1M Sale of Seville Apartments in Southern California

Seville Apartments in Whittier, Calif., features 77 units in a mix of one and two bedroom floor plans. WHITTIER, CALIF. — Marcus & Millichap has negotiated the sale of Seville Apartments, a multifamily property located in Whittier. A private investor acquired the asset for $20.1 million, or $261,039 per unit. Situated 12 miles southeast of…

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Investor Sells Cypress Village Apartments in Buena Park | Costar.com 1024 689 The Leeson Group | Marcus & Millichap

Investor Sells Cypress Village Apartments in Buena Park | Costar.com

A joint venture between Priya Living and an investment fund controlled by, or about $328,000 per unit, from PRC Newport LLC. PRC, a holding company controlled by local investor Martin Campbell, had just acquired the property in July 2018 from another local owner for $26.5 million, or about $301,000 per unit, according to CoStar data.…

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A&M Properties Buys Huntington Beach Apartments | CoStar.com 1597 1197 The Leeson Group | Marcus & Millichap

A&M Properties Buys Huntington Beach Apartments | CoStar.com

Local investor A & M Properties acquired the 63-unit apartment building at 16102 Springdale St. in Huntington Beach, California, for $20 million, or about $317,000 per unit, from an individual owner from Westminster, California. This sale marks the first time that The Lamplighter has traded since it was originally built in 1968. The two-story, 48,355-square-foot multifamily property…

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Orange County California Multifamily Asset Trades at $41 Million 940 515 The Leeson Group | Marcus & Millichap

Orange County California Multifamily Asset Trades at $41 Million

TUSTIN, Calif., March 2, 2020 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Terra at Tustin, a 116-unit apartment property in Tustin, California. The asset sold for $41 million, which equates to $353,448 per unit. “Prior ownership invested significant capital in common area and in-unit improvements and new ownership can…

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The Leeson Group Arranges the Sale of Ten Sixty Apartments in Santa Ana 1500 999 The Leeson Group | Marcus & Millichap

The Leeson Group Arranges the Sale of Ten Sixty Apartments in Santa Ana

SANTA ANA, CA, March 1, 2020 – The Leeson Group is excited to announce the sale of Ten Sixty Apartments, a 25-unit apartment property located in Santa Ana, CA. Located at 1060 West 17th Street, Santa Ana, CA this multifamily investment property consisting of one- and two-bedroom units, sold as is for $4,950,000. Ten Sixty…

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The Leeson Group Arranges the Sale of a 13 Unit Apartment Building in Long Beach, CA 1500 1000 The Leeson Group | Marcus & Millichap

The Leeson Group Arranges the Sale of a 13 Unit Apartment Building in Long Beach, CA

LONG BEACH, CA, February 14, 2020 – The Leeson Group a leading commercial real estate team part of Marcus & Millichap, announced today the sale of 1055 Newport Avenue, a 13-unit apartment property located in Long Beach, CA. Tyler Leeson, Senior Managing Director in Marcus & Millichap’s Newport Beach office stated, “The Long Beach market…

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The Leeson Group Sells University Court in Riverside 1020 680 The Leeson Group | Marcus & Millichap

The Leeson Group Sells University Court in Riverside

RIVERSIDE, CA, January 14, 2020 – The Leeson Group announced today the sale of University Court, a 17-unit apartment property located in Riverside, CA. The asset sold for $2,600,000. Alexander Garcia, Jr., Matthew J. Kipp, and Tyler Leeson, investment specialists in Marcus & Millichap’s Newport Beach office, represented both the buyer and the seller in…

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