Institutional Property Advisors Negotiates $80.75 Million Apartment Complex Sale in Portland, Oregon

first_img Previous articleJesus House Women & Children’s Center Ribbon CuttingNext articleBob Fisher, top yachting writer, Cup historian, dies at 85 Digital AIM Web Support Facebook Twitter Pinterest WhatsApp Twitter Facebook PORTLAND, Ore.–(BUSINESS WIRE)–Jan 26, 2021– Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Sunset Summit, a 261-unit multifamily property in the West Hills neighborhood of Portland, Oregon. The property sold for $80.75 million, which equates to $309,387 per unit. “The sale represents the first time the property has traded hands in over 25 years. Sunset Summit is a unique asset, featuring low-density construction with views of the Tualatin Valley from most units,” said Anthony Palladino, IPA vice president. Palladino and IPA’s Giovanni Napoli, Philip Assouad, Ryan Dinius, and Sidney Warsinske represented the seller, BPM Real Estate Group. The buyer is Prime Residential. Built in 1989 on 31 acres and renovated in 2014, Sunset Summit is approximately a seven-minute drive from Downtown Portland, allowing for a convenient commute into the city via Burnside Road and access to Nike and Intel via U.S. Highway 26 or the Sunset Transit Center. Adam Lewis is Marcus & Millichap’s broker of record in Oregon. 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 www.institutionalpropertyadvisors.com. About Marcus & Millichap, Inc. With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,726 transactions in 2019 with a value of approximately $50 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. For additional information, please visit www.MarcusMillichap.com. View source version on businesswire.com:https://www.businesswire.com/news/home/20210126006136/en/ CONTACT: Gina Relva, Public Relations Director [email protected] KEYWORD: OREGON UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY SOURCE: Marcus & Millichap, Inc. Copyright Business Wire 2021. PUB: 01/26/2021 07:08 PM/DISC: 01/26/2021 07:08 PM http://www.businesswire.com/news/home/20210126006136/encenter_img WhatsApp TAGS  By Digital AIM Web Support – January 26, 2021 Institutional Property Advisors Negotiates $80.75 Million Apartment Complex Sale in Portland, Oregon Local NewsBusiness Pinterestlast_img read more

No. 13 BYU goes for 11th win in Boca Raton Bowl vs. UCF

first_img FacebookTwitterLinkedInEmailNo. 13 BYU and UCF meet Tuesday in the Boca Raton Bowl in Boca Raton, Florida.The Cougars started 9-0 before suffering their only loss at now-No. 9 Coastal Carolina in a late addition to the schedule due to a coronavirus-related postponement.The Knights spent the first four weeks of the season in the AP Top 25, peaking at No. 11 in late September.The game matches up two of the nation’s passing leaders in BYU quarterback Zach Wilson and UCF quarterback Dillon Gabriel.This is the first meeting between the teams since 2014. Tags: Boca Raton Bowl/BYU Cougars Football/UCF Knights Written by Associated Press December 20, 2020 /Sports News – Local No. 13 BYU goes for 11th win in Boca Raton Bowl vs. UCFlast_img read more