SAN RAFAEL, CA—Meridian Commercial President Matt Brown represented both the buyer and the seller in the sale of 514 Fourth Street in San Rafael to the Marin Shakespeare Company. The purchase price of the approximately 15,346-square-foot, two-story commercial building was slightly more than $2 million.The ground floor comprises about 7,332 square feet while the rest of the building features storage and mezzanine space. The seller in the transaction was a local family that purchased the building in an earlier trade using a 1031 exchange. Samuel Ko with Meridian Commercial represented the seller while Matt Brown and Mike Lieberman – also with Meridian Commercial, represented the buyer.

NOVATO, CA—Marcus & Millichap has sold a 10-building, 40-unit, condominium complex in Novato, CA. The $10.5-million sales price equates to more than $350 per square foot. Reichenbach represented the individual, private sellers and procured the buyer, a local owner/operator of multifamily properties throughout Marin and Sonoma counties. Built in 1965, the complex is located at 335 Enfrente Road in Novato, about 30 miles north of San Francisco.

Below is GlobeSt.com's bi-weekly update on the middle markets throughout the North West region. Here's a look at the latest news, announcements and deals that you may have missed from areas including: Alaska, Washington, Oregon, Idaho, and Northern California.

NEWS & NOTABLES

SAN FRANCISCO—Transwestern's Walnut Creek office hired Larry Bell as senior vice president in the tenant advisory services group. In this role he will advise corporate occupier clients on workplace strategy and design, space optimization and portfolio analysis. Bell most recently served at JLL as a top-producing broker, and he previously worked at Staubach, Mohr Partners and Grubb & Ellis, where he began his commercial real estate career and founded the Corporate Services Group. During his 30-year career advising corporate occupiers such as Comcast, SAP, Sybase, and Electronic Arts, he has negotiated over 25 million square feet of transactions.

SAN FRANCISCO—Maximus Real Estate Partners revealed promotions within their project management and investment teams, in recognition of their contributions to the fastest-growing multifamily investment and development company in the San Francisco Bay Area. The announcement was made by Rob Rosania, founder and lead visionary of Maximus Real Estate Partners. “It is with great pleasure that I announce these promotions in recognition of their roles in driving the innovation and performance of the Maximus team, and the understanding of the impact that superior operational execution of our projects, and our business initiatives have on the lives of residents at our developments,” said Rosania. The promotions in the Project Management team include Jen Canchola, Vice President; Logan Daniels, Vice President and Bill McGivern, Vice President, all reporting to Yusun Han, Managing Director, Development.

DEALTRACKER

SAN FRANCISCO—NAI Northern California has purchased a 33-unit multifamily property located at 376 Ellis St. in San Francisco, CA. A team of NAI agents represented the buyer in the $4.47 million dollar sale of the building. Built in 1911, the property features 33-unitl units with a ground floor retail space. The building is in close proximity to public transportation, Union Square, and a number of major retailers in downtown San Francisco.

SAN RAFAEL, CA—Meridian Commercial President Matt Brown represented both the buyer and the seller in the sale of 514 Fourth Street in San Rafael to the Marin Shakespeare Company. The purchase price of the approximately 15,346-square-foot, two-story commercial building was slightly more than $2 million.The ground floor comprises about 7,332 square feet while the rest of the building features storage and mezzanine space. The seller in the transaction was a local family that purchased the building in an earlier trade using a 1031 exchange. Samuel Ko with Meridian Commercial represented the seller while Matt Brown and Mike Lieberman – also with Meridian Commercial, represented the buyer.

NOVATO, CA—Marcus & Millichap has sold a 10-building, 40-unit, condominium complex in Novato, CA. The $10.5-million sales price equates to more than $350 per square foot. Reichenbach represented the individual, private sellers and procured the buyer, a local owner/operator of multifamily properties throughout Marin and Sonoma counties. Built in 1965, the complex is located at 335 Enfrente Road in Novato, about 30 miles north of San Francisco.