Marcus & Millichap Brokers Sale of Two-Property Self-Storage Portfolio Near Phoenix
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. New York continues to bifurcate sharply: trophy office leasing at record rents, commodity Class B in conversion discussions or court-supervised processes. Rent-stabilized multifamily remains supply-constrained and tightly held. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
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On the RET wire
- The 271st New York story tracked on the wire in September 2026. All New York coverage →
- 152 stories mentioning Marcus & Millichap on the wire in the past 90 days. Marcus & Millichap coverage →
Computed from Real Estate Trail’s own tracked coverage
APACHE JUNCTION, ARIZ. — Marcus & Millichap has completed the sale of a two-property CubeSmart portfolio in Apache Junction. MyPlace Self Storage and Nuveen purchased the portfolio from New York City-based Palatine Ca…
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