Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
California  + Bay Area  + Finance  | 

IPA Capital Markets Secures $61M Financing for San Mateo Mixed-Use

IPA Capital Markets, a division of Marcus & Millichap, has secured $61 million in financing for the construction of Arbello, a mixed-use multifamily and office property located at 477 9th Ave. in San Mateo. Brandon Roth, managing director in IPA Capital Markets’ Palo Alto office, advised and marketed the financing on behalf of The Martin Group and JPF Capital.

“There are few developers in the Bay Area that have been able to secure financing and start construction in today’s market environment, but The Martin Group has now done it twice in the past six months,” said Roth. “It’s a testament to the quality of their product and their project location. We were able to create a competitive market, securing construction financing quotes from six lenders.”

The five-story property will offer 120 rental units and approximately 29,000 square feet of office space. Amenities will include a coworking space, wellness center, clubhouse, courtyard and rooftop deck.

Read More News Stories About: IPA
Connect

Inside The Story

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Financing
New call-to-action
New call-to-action
New call-to-action
New call-to-action