Institutional Property Advisors Brokers $58.1 Million Luxury Multifamily Asset Sale in Los Angeles
Marcus & Millichap's (NYSE:MMI) division Institutional Property Advisors (IPA) has brokered the sale of The BW, a luxury apartment complex in Los Angeles' Brentwood neighborhood, for $58.1 million ($744,872 per unit). The 78-unit property includes 2,300 square feet of ground-floor retail space.
The transaction marks the highest price per unit for an institutional-sized deal ($30M+) in Los Angeles over the past 36 months. Located in an affluent area with average household incomes exceeding $213,700, The BW is situated near 8 million square feet of office space housing major entertainment companies and provides access to over 140,000 local jobs.
Built in 2013, the property features premium amenities including a rooftop lounge, fitness center, and EV charging stations. IPA's team, led by Kevin Green, Joseph Grabiec, and Gregory Harris, represented the seller California Landmark Group and secured the buyer FAMH Group
La divisione di Marcus & Millichap (NYSE:MMI) Institutional Property Advisors (IPA) ha mediato la vendita di The BW, un complesso di appartamenti di lusso nel quartiere Brentwood di Los Angeles, per 58,1 milioni di dollari (744.872 dollari per unità). La proprietà di 78 unità include 2.300 piedi quadrati di spazio commerciale al piano terra.
La transazione segna il prezzo più alto per unità per un affare di dimensioni istituzionali (oltre 30 milioni di dollari) a Los Angeles negli ultimi 36 mesi. Situato in un'area benestante con un reddito familiare medio superiore a 213.700 dollari, The BW si trova vicino a 8 milioni di piedi quadrati di spazio per uffici che ospitano importanti aziende di intrattenimento e offre accesso a oltre 140.000 posti di lavoro locali.
Costruita nel 2013, la proprietà dispone di servizi premium tra cui un lounge sul tetto, una palestra e stazioni di ricarica per veicoli elettrici. Il team di IPA, guidato da Kevin Green, Joseph Grabiec e Gregory Harris, ha rappresentato il venditore California Landmark Group e ha assicurato l'acquirente FAMH Group.
La división de Marcus & Millichap (NYSE:MMI) Institutional Property Advisors (IPA) ha intermediado la venta de The BW, un complejo de apartamentos de lujo en el vecindario Brentwood de Los Ángeles, por 58.1 millones de dólares (744,872 dólares por unidad). La propiedad de 78 unidades incluye 2,300 pies cuadrados de espacio comercial en la planta baja.
La transacción marca el precio más alto por unidad para un acuerdo de tamaño institucional (más de 30 millones de dólares) en Los Ángeles en los últimos 36 meses. Ubicado en una zona adinerada con ingresos familiares promedio que superan los 213,700 dólares, The BW se encuentra cerca de 8 millones de pies cuadrados de espacio de oficina que alberga importantes empresas de entretenimiento y proporciona acceso a más de 140,000 empleos locales.
Construido en 2013, el inmueble cuenta con comodidades premium, incluyendo un salón en la azotea, un gimnasio y estaciones de carga para vehículos eléctricos. El equipo de IPA, liderado por Kevin Green, Joseph Grabiec y Gregory Harris, representó al vendedor California Landmark Group y aseguró al comprador FAMH Group.
마커스 & 밀리차프 (NYSE:MMI)의 기관 자산 자문 (IPA) 부서는 로스앤젤레스 브렌트우드 지역에 있는 고급 아파트 단지 The BW의 매각을 중개하였으며, 매각가는 5,810만 달러 (단위당 744,872달러)입니다. 78개 유닛으로 구성된 이 부동산에는 2,300평방피트의 1층 상업 공간이 포함되어 있습니다.
이번 거래는 로스앤젤레스에서 지난 36개월 동안 기관 규모의 거래(3천만 달러 이상) 중 단위당 가장 높은 가격을 기록했습니다. 평균 가구 소득이 213,700달러를 초과하는 부유한 지역에 위치한 The BW는 주요 엔터테인먼트 회사들이 있는 800만 평방피트의 사무 공간 근처에 있으며, 140,000개 이상의 지역 일자리에 접근할 수 있습니다.
2013년에 건축된 이 부동산은 옥상 라운지, 피트니스 센터 및 전기차 충전소와 같은 프리미엄 편의 시설을 갖추고 있습니다. IPA 팀은 Kevin Green, Joseph Grabiec 및 Gregory Harris가 이끌며 판매자 California Landmark Group을 대표하고 구매자 FAMH Group을 확보했습니다.
La division de Marcus & Millichap (NYSE:MMI) Institutional Property Advisors (IPA) a négocié la vente de The BW, un complexe d'appartements de luxe dans le quartier Brentwood de Los Angeles, pour 58,1 millions de dollars (744 872 dollars par unité). La propriété de 78 unités comprend 2 300 pieds carrés d'espace commercial au rez-de-chaussée.
La transaction représente le prix le plus élevé par unité pour un accord de taille institutionnelle (plus de 30 millions de dollars) à Los Angeles au cours des 36 derniers mois. Situé dans une zone aisée avec des revenus familiaux moyens dépassant 213 700 dollars, The BW est situé à proximité de 8 millions de pieds carrés d'espace de bureau abritant de grandes entreprises de divertissement et offre un accès à plus de 140 000 emplois locaux.
Construit en 2013, le bien dispose d'équipements haut de gamme, notamment un salon sur le toit, une salle de sport et des stations de recharge pour véhicules électriques. L'équipe de l'IPA, dirigée par Kevin Green, Joseph Grabiec et Gregory Harris, a représenté le vendeur California Landmark Group et a sécurisé l'acheteur FAMH Group.
Die Abteilung von Marcus & Millichap (NYSE:MMI) Institutional Property Advisors (IPA) hat den Verkauf von The BW, einem Luxusapartmentskomplex im Stadtteil Brentwood in Los Angeles, für 58,1 Millionen Dollar (744.872 Dollar pro Einheit) vermittelt. Die 78-Einheiten-Immobilie umfasst 2.300 Quadratfuß Einzelhandelsfläche im Erdgeschoss.
Die Transaktion markiert den höchsten Preis pro Einheit für einen institutionellen Deal (über 30 Millionen Dollar) in Los Angeles in den letzten 36 Monaten. Das Objekt befindet sich in einem wohlhabenden Gebiet mit einem durchschnittlichen Haushaltsnettoeinkommen von über 213.700 Dollar und liegt in der Nähe von 8 Millionen Quadratfuß Bürofläche, die große Unterhaltungsunternehmen beherbergt, und bietet Zugang zu über 140.000 lokalen Arbeitsplätzen.
Das 2013 erbaute Objekt verfügt über hochwertige Annehmlichkeiten, darunter eine Dachterrasse, ein Fitnesscenter und Ladestationen für Elektrofahrzeuge. Das IPA-Team, geleitet von Kevin Green, Joseph Grabiec und Gregory Harris, vertrat den Verkäufer California Landmark Group und sicherte den Käufer FAMH Group.
- Record-breaking sale price of $744,872 per unit, highest in Los Angeles for institutional deals over past 36 months
- Strategic location in affluent Brentwood area with average household income of $213,700
- Property situated near 8 million sq ft of premium office space with 140,000 local jobs
- None.
Insights
Marcus & Millichap's Institutional Property Advisors division has brokered a
First, the pricing metrics are exceptional. At
The transaction's location in Brentwood – where average household incomes exceed
For MMI investors, this transaction showcases the firm's continued effectiveness in executing high-value deals in premium markets. While commission structures aren't disclosed, transactions of this magnitude typically generate meaningful revenue for the brokerage firm. The company's ability to connect institutional sellers with international buyers (California Landmark Group to FAMH Group ) highlights its valuable position in facilitating cross-border capital flows in premium real estate assets.
This deal reinforces MMI's market position in the high-end multifamily segment and demonstrates execution capabilities that should support ongoing commission revenue generation from institutional clients in premium markets.
“The BW is in one of the most affluent multifamily submarkets in
The apartment building is located at the intersection of Wilshire Boulevard and Barrington Avenue, adjacent to dining, shopping, entertainment, and recreational amenities in
Completed in 2013, The BW has a mix of studios, one-, two- and three-bedroom units. All apartments have stainless-steel appliances, washers and dryers, deep soaking tubs, walk-in closets, and floor-to-ceiling double-pane windows. Community amenities include a rooftop lounge with Jacuzzi, a fitness center, business center, electric vehicle charging stations, and on-site garage parking.
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
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20250404707805/en/
Gina Relva, VP of Public Relations
Gina.Relva@MarcusMillichap.com
Source: Marcus & Millichap, Inc.
FAQ
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