Eymon Binesh, First Vice President of Investments at Marcus & Millichap, worked with a private owner to successfully market and sell Rancho Verde Apartments located in San Jose for $8.8 million. The property was 33% vacant at the time of sale and the buyer plans to complete substantial renovations in order to achieve market rents. According to Binesh, “The property transacted at a 6.25% market cap rate and 10 GRM” Chad O’Connor from Marcus & Millichap Capital Corporation’s San Diego office arranged the acquisition financing of $5.85 million for bridge loan purposes..

AmTrustRE Fully Leases 59 Maiden Lane Office Tower in Manhattan’s Financial District
AmTrustRE has achieved full occupancy at 59 Maiden Ln., a 1,043,670-square-foot office tower located in Manhattan’s Financial District. The national

