PRESS

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has completed the sale of a 59-unit multifamily portfolio comprised of three adjacent buildings in Santa Clara, California for a total consideration of approximately $24.7 million. Levin Johnston’s Executive Managing…

Levin Johnston completes sale of multifamily portfolio in Santa Clara, California for $24.7 million  

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has directed the sale of The Lakes, a 102-unit value-add multifamily community in Concord, California. Levin Johnston’s Executive Managing Director Adam Levin and Senior Managing Director Robert Johnston represented the seller and procured the buyer…

An aging 102-unit apartment complex in Concord changed hands this month for just under $27 million, or about $260,000 per unit. Spread across several buildings, “The Lakes” was built in 1967 and was sold by commercial real estate brokerage Marcus & Millichap (NYSE: MMI), which specializes in investment sales. Adam Levin and Robert Johnston represented…

Concord apartment complex changes hands for healthy profit

Concord Apartment Complex Sells for $26.8MM  

Concord apartment complex changes hands for healthy profit  

Concord apartment complex changes hands for healthy profit  

Marcus & Millichap Closes Concord MF Deal for Nearly $27M

Brad Management has sold The Lakes, a 102-unit property in Concord, Calif., for $26.8 million to a family trust. HomeStreet Bank originated a $17.4 million acquisition loan for the buyer with a maturity date set for 2050, according to Contra Costa records. The seller had acquired the community at the end of 2017 for $21…