Friday, May 6, 2011

Marcus & Millichap Names John Horowitz Regional Manager of Brooklyn Office

  BROOKLYN, N.Y., May 6, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named John Horowitz (top right photo) regional manager of the firm’s Brooklyn office, according to John J. Kerin, president and chief executive officer.

“As sales manager of the Brooklyn office, John has demonstrated his expertise in expanding our national market-making capabilities to clients throughout the Tri-State area,” says Kerin. “As regional manager, John will continue to expand the Brooklyn office and to provide leadership and support to our investment professionals.”

Horowitz began his career with Marcus & Millichap in December 2006 as an agent in the Brooklyn office and became the sales manager in October 2010. Prior to joining Marcus & Millichap, he worked as a corporate lawyer and ran a nonprofit agency that focused on criminal justice issues.

Horowitz received a bachelor’s degree in political science from Tufts University and a law degree from Fordham University.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

Two San Francisco Residential Sites Sell for $414 Million

SAN FRANCISCO, CA,  May 6, 2011 – Institutional Property Advisors (IPA), a boutique brokerage platform serving the needs of institutional and major private investors, has negotiated the sale of two residential sites (top left photo) in San Francisco for $41.4 million.

 The two transit-oriented residential sites, Blocks 5 and Block 11, are located on 3.84 acres in the Mission Bay neighborhood of San Francisco. The sales price of $41.4 million represents $247 per square foot.

The brokerage team of Stan Jones (middle right photo), Phil Saglimbeni  (middle left photo) and Sal Saglimbeni  (lower right photo) represented the seller, FOCIL-MB in the transaction.  The buyer was BRE Properties Inc.

 “The city’s vision for Mission Bay has been very well executed and represents one of the last growth corridors in San Francisco,” says Jones. “Opportunities to acquire entitled market-rate sites in the city are truly rare, as evidenced by the strong roster of both public and private developers that have committed to the area.” 

“Entitled for 360 units, Block 5 and Block 11 represented the last two market- rate residential development sites available in Mission Bay,” adds Phil Saglimbeni. “Commitments from major employers, including UCSF, Old Navy, and several biotech companies have spurred explosive growth in the neighborhood.”

The sites are located one block south of Mission Creek, just south of downtown San Francisco. They are within walking distance of two light-rail stations, two bus lines and the Caltrain Station. Access to interstate highways 80 and 280 and U.S. Highway 101 is minutes from the sites.

Block 5 and Block 11 are also located near extensive retail and entertainment options, including AT&T Park, the Ferry Building, Union Square and Westfield’s San Francisco City Centre.

The Mission Bay neighborhood, which covers 303 acres, represents the largest urban development in San Francisco since the building of Golden Gate Park.

 Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

Bill Rose Promoted to National Director of Marcus & Millichap’s National Retail Group

ENCINO, CA– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted Bill Rose (top right photo) to director of the National Retail Group (NRG), according to president and chief executive officer, John J. Kerin (middle left photo).

“We have the largest and most experienced team of retail investment specialists  in the nation,” says Kerin. “The NRG led the industry again last year with 1,445 retail transactions totaling $3.7 billion.”

“Despite our leading position, we have a significant growth opportunity in the retail real estate sector,” continues Kerin. “Bill’s extensive experience in all aspects of retail real estate makes him uniquely qualified to lead the effort to expand the firm’s retail investment sales expertise, financing, research and advisory services.”

Rose joined Marcus & Millichap’s San Diego office in September 2003 as a retail and multifamily investment specialist. He was promoted to senior associate in September 2006. He rejoined the firm in November 2009 as sales manager of the San Diego office and in November 2010 was named western regional director of the NRG. He is currently located in the San Diego office.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

RealtyTrac Adds SmartZip Homescore For Millions of Foreclosure and For-Sale Properties Nationwide

IRVINE, CA– RealtyTrac® (, the leading online marketplace for foreclosure properties, and SmartZip Analytics (, a leader in real estate analytics, today announced that SmartZip’s HomeScore™ has been integrated on nearly 2 million foreclosure and for-sale properties posted on the RealtyTrac website, allowing users to instantly locate properties that have the best potential for appreciation over time.

“This partnership offers great value to RealtyTrac users, giving homebuyers and investors the ability to easily find foreclosures and for-sale properties that represent the best buys,” said James J. Saccacio (top right photo), chief executive officer of RealtyTrac.

 “Backed by SmartZip’s robust property and neighborhood analytics, the HomeScore ratings are displayed on RealtyTrac’s search results pages, allowing users to sort and filter properties by their scores, and in-depth property reports with historical charts and the data behind the ratings are available on the property details pages.”

“Today’s real estate market is characterized by unprecedented uncertainty and opportunity,” said Tom Glassanos, (middle left photo) president and CEO of SmartZip Analytics. “RealtyTrac’s adoption of SmartZip’s Homescore ratings addresses each of these head on, giving homebuyers the means to easily tap the foreclosure market while ensuring purchases are financially sound.”

Visitors to who perform a property search will find a HomeScore rating for properties in their area of interest. The HomeScore rating is a measure of a property’s potential to have above-average appreciation and below-average costs. HomeScore indicates a home’s relative investment quality on a scale of 1 to 100, with 50 being the national average, rating properties whether they are a poor, fair, good, very good or excellent investment opportunity.

The higher the HomeScore rating, the greater is the home’s investment potential. Properties that score above 50 are expected to outperform the market while those that score below 50 are expected to underperform. In general, a HomeScore between 35 and 65 is considered a “good” investment. A score above 65 is “very good” to “excellent;” and below 35, the rate scale trends from “fair” to “poor.”

View video on how SmartZip HomeScore works on RealtyTrac.

See a sample of the detailed SmartZip HomeScore report.

Tweet this: RealtyTrac integrates SmartZip HomeScore to show best potential for price appreciation on foreclosure and for-sale properties.

Media Contacts:
Michelle Sabolich
Atomic Public Relations
415.593.1400, ext. 1233

Avi Gupta:
Vice President, Marketing & Business Development