Institutional Property Advisors Brokers $150 Million Luxury … – Yahoo Finance

SCOTTSDALE, Ariz., November 02, 2022–(BUSINESS WIRE)–Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), announced today the sale of SeventyOne15 McDowell, a newly built, 274-unit multifamily asset in Scottsdale, Arizona. The property sold for $150 million, or $547,445 per unit.
"Phoenix will again record one of the highest rates of in-migration in the country this year and Scottsdale is one of the area’s most appealing live-work-play destinations for high-wage earning professionals," said Steve Gebing, IPA executive managing director. "Developed by Alliance Residential, SeventyOne15 McDowell features best-in-class design and construction with luxury interior and common area amenities. The property is poised to benefit from the business and academic partnerships that are driving South Scottsdale’s economic resurgence." Gebing and IPA executive managing director Cliff David represented the seller and procured the buyer.
Completed in 2022, the asset is located near SkySong, a 1.2 million-square-foot ASU Scottsdale Innovation Center. Old Town Scottsdale and South Scottsdale employment corridors are nearby, along with major area employers General Dynamics, HonorHealth, Vitalant, Yelp, Indeed, Banner Health, and Opendoor. Old Town Scottsdale, home to designer art galleries, nightlife, and Scottsdale Stadium, is less than three miles away.
About Institutional Property Advisors (IPA)
Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit
View source version on
Gina Relva, VP of Public Relations
Related Quotes
Fox Corp.'s $787.5 million settlement with Dominion Voting Systems over defamation charges is eye-popping, but the ultimate cost to the media company is likely to be much lower. On Tuesday, Fox settled with Dominion over charges that Fox News baselessly accused the company of rigging its voting machines against former President Donald Trump in 2020. Fox had about $4 billion of cash on hand as of December 2022, and MoffettNathanson analyst Robert Fishman expects the company to pay the settlement during the current quarter.
The recent failures of Silicon Valley Bank and Signature have focused attention on regional lenders’ weaknesses.
(Bloomberg) — Add central banks to the wall of worry for global credit markets.Most Read from BloombergBud Light Takes the Cowardly Way OutBillionaire Brin Sold Tesla Near Its Peak for New Giving VehicleAnger in Europe After Chinese Diplomat Says Ex-Soviet States Not SovereignBed Bath & Beyond Files for Bankruptcy With Plan to Shut StoresBud Light Marketing Executive Takes Leave After Controversy: Ad AgeThis year’s rally in risk assets is more to do with a $1 trillion central bank liquidity inj
Anheuser-Busch has decided to shake up its marketing leadership after its Bud Light brand became, quite literally, a target for conservatives.
Once you have $1 million in assets, you can look seriously at living entirely off the returns of a portfolio. After all, the S&P 500 alone averages 10% returns per year. Setting aside taxes and down-year investment portfolio management, a … Continue reading → The post How Much Interest Can You Earn on $1 million? appeared first on SmartAsset Blog.
Southern Co. and Costco Wholesale are also on the list of big U.S. companies that have unveiled higher dividends this week.
Get ready for home prices to slide, stocks to plummet, and more cracks to appear in the financial system, elite investor Jeremy Grantham says.
OSLO (Reuters) -Norway's $1.4 trillion sovereign wealth fund, one of the world's largest investors, said on Saturday it will vote against a resolution calling on British oil major BP to adopt tougher greenhouse gas targets. While BP already aims to reduce emissions, the motion filed by activist group Follow This ahead of an April 27 shareholder vote calls on the company to align with the Paris climate deal's goal to limit global warming. Norges Bank Investment Management (NBIM), which operates the Norwegian fund, said last year that it plans to take a tougher line on companies that do not adopt credible climate plans.
Experts including Marko Kolanovic, Jeremy Siegel and Lisa Shalett have warned about US stocks entering a danger zone.
Regardless of what stage of the market cycle we're in, some folks never tire of searching for cheap stocks to buy. If it has thin trading volume, the fund manager will have an awfully tough time accumulating shares — without making a big impact on the stock price. IBD research also finds that dozens, if not hundreds, of great stocks each year do not start out as penny shares.
The Anheuser-Busch InBev executive who oversaw a partnership between Bud Light and a transgender activist is taking a leave of absence and will be replaced by another company executive, the brewer said. Alissa Heinerscheid, Bud Light’s vice president of marketing, had come under fire from some customers and media outlets over the company’s decision to send a Bud Light can to transgender activist and influencer Dylan Mulvaney with her face on it. Ms. Mulvaney then posted a video of herself drinking Bud Light and calling the can “possibly the best gift ever” in celebration of the one-year anniversary of her gender transition.
First quarter earnings season has gotten off to a better-than-feared start. This coming week, some of the biggest names in the tech industry will put investor sentiment to the test.
In 2019, half of the 35 million older adults and younger persons with disabilities with traditional Medicare spent at least 16% of their income on out-of-pocket health care costs.
President Gabriel Boric’s plan to create a state-owned lithium company comes as Chile faces pressure for more public spending.
All eyes were on CEOs of the Wall Street giants for cues on how markets will weather murky economic conditions.
Elon Musk highlights a challenge facing the EV battery market — a need for more lithium refineries. Some experts, however, expect this market will look like most commodities markets in a decade.
Fast growing restaurant chain Raising Cane's is investing more than $9 million dollars into its workforce. Co-CEO and COO AJ Kumaran said the return of investment is far higher.
The marketing executive who oversaw a partnership between Bud Light and a transgender influencer is taking a leave of absence after it snowballed into cries for boycotts from some angry customers, according to media reports. Alissa Heinerscheid, Bud Light’s vice president of marketing, will be replaced by Todd Allen, most recently global vice president of Budweiser, according to reports from Beer Business Daily and Ad Age. A spokesperson for Bud Light's parent company, Anheuser-Busch InBev, on Saturday did not directly confirm the leave of absence but said Allen as vice president of Bud Light will report directly to Benoit Garbe, U.S. chief marketing officer.
With the Federal Reserve raising its benchmark interest rate month after month, rates on lending products have climbed as well. Certificates of deposit (CDs) are no different. The average rate on a six-month CD has ticked back up to just … Continue reading → The post Are CDs Back? Where Advisors Are Telling Clients to Stash Cash as Rates Rise appeared first on SmartAsset Blog.
While markets are up this year, by almost 8% on the S&P 500 and more than 15% on the NASDAQ, they remain volatile – and they have yet to recoup all of last year’s losses. The result is an uncertain market environment, one that investors are not quite sure they can trust, even as they want to buy in. What’s needed here is a reliable tool to find the upwardly mobile stocks, the ones that are primed to win, and to keep winning, in the coming months. That’s where the Smart Score comes in. Based on t


(Visited 3 times, 1 visits today)