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California  + Bay Area  + Apartments  | 

Pair of Mid-Peninsula MF’s Trade for $27M

Marcus & Millichap handled the $27.1 million sale of a two-property legacy multifamily portfolio totaling 54 units in the Bay Area’s Mid-Peninsula market of San Mateo County. The two communities, Belview Heights and Casa Belview, are located directly across the street from one another at 1015 and 1016 Continental Way in Belmont, CA.

Belview Heights was built in 1977 by the unnamed seller, which commissioned a renowned Swedish architect to design the property. Casa Belview was built in 1973 by a Pan American World Airways pilot to serve as an investment and a gathering spot for PanAm pilots and flight attendants during overnights in the Bay Area.

A Marcus & Millichap team of Adam Levin and Robert Johnston handled the sale on behalf of the seller, which was the original developer of one of the assets, and procured the undisclosed private investor buyer.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition