Stepp Commercial

Raiders of the Lost Rate Hike

While Fed Chair Janet Yellen has suggested the potential for multiple rate hikes through 2018, several factors should influence her plan to be implemented with caution, argues Stepp Commercial Vice President Mark Ventre.

National

Stepp Facilitates Long Beach 1031 Exchange

The three-property portfolio traded for $10.6 million or nearly $189,000 per unit and closed at a 4.6 percent cap rate.

Los Angeles

Stepp Arranges Sale in Long Beach

The 15-unit multifamily property is in the Alamitos Beach submarket.

West

Long Beach Apartment Portfolio Trades Hands

By Dees Stribling, Contributing Editor 305 Coronado Ave. Long Beach, Calif.—Stepp Commercial has brokered the $4.4 million sale of a two-property, 22-unit apartment portfolio in the Belmont Heights submarket of Long Beach, Calif. Robert Stepp and Michael Toveg of Stepp Commercial represented the seller, Long Beach-based Colonna Trust, as well as the two
West 10 May 2016 08:32
Stepp Commercial Leads $17M Sale of L.A.-Area Apartment Portfolio

Increased investor interest in the Long Beach submarket continues with the $17.3 million sale of a three-property apartment portfolio arranged by Stepp Commercial.
Los Angeles 11 April 2016 16:27
Stepp Commercial Completes $7.9M Sale

The transaction closed at a 4.92 percent cap rate.
National 17 February 2016 16:14
NorthMarq Closes Texas Construction Loan

NorthMarq arranges $10.5 million for a Texas asset; Berkeley Point Capital refinances an assisted living property in Portland, Ore.; and Stepp Commercial completes a $2.5 million sale in Long Beach, Calif.
National 22 April 2015 16:51
Mixed-Use Greenwich Village Asset Trades Hands

City Urban Realty and Madison Realty Capital grab a Greenwich Village asset; Pathfinder Partners and Ryanik complete a sale in Long Beach, Calif.; and HFF secures financing for a multi-housing community.
National 13 February 2015 19:26

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