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MARCUS & MILLICHAP NEGOTIATES $6.8 MILLION RETAIL SALE IN PACIFIC NORTHWEST
VANCOUVER, WASH. — Marcus & Millichap has brokered the $6.8 million sale of Mountain View Village Center, a 35,788-square-foot retail property located at 14415 SE Mill Plain Blvd. in Vancouver. Marcus & Millichap’s Justin Poor, Michael Kapnick and Greg Wendelken handled the transaction on behalf of the buyer and seller, both Oregon-based limited-liability corporations.
NBS LEADS JV MULTIFAMILY BUY IN CALIFORNIA’S CAPITAL CITY
SACRAMENTO, CALIF. — NBS Real Estate Capital LLC has partnered with St. Louis-based Sheehy Investment Group LLC in the acquisition of the 72-unit Bradford Pointe Apartments in Sacramento in an all-cash short sale. NBS completed a $2.48 million preferred-equity investment in connection with the purchase. Total costs after renovations to the multifamily property are estimated at $2.93 million.