October 3, 2022
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Acquisition of the Week: Tanara Villa in Tacoma, Wash.
Marcus & Millichap recently brokered the sale of Tanara Villa, a 130-unit multifamily asset in Tacoma, Wash. The property sold for $24.15 million, which equates to $185,769 per unit. “On the market for the first time in 42 years, Tanara Villa is a significant value-add asset,” said Kellan Moll, first vice president investments in Marcus & Millichap’s Seattle office. “While prior More
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Industrial lending will still be hot in 2023 but isn’t immune to market forces
Industrial will continue to be one of the most sought-after property types going into 2023. Record tenant demand will drive the sector, however rising costs of capital will continue to apply pressure to historically low yields in the space. Industrial will not be immune to the overall trends in the capital markets of higher pricing More
