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Philip E. Assouad and Giovanni Napoli | Connect CRE

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Philip E. Assouad and Giovanni Napoli


Institutional Property Advisors, a division of Marcus & Millichap

Sales Total

$1.17 billion

Brokered record-breaking sale of BLU Bellevue at $1,000 per net rentable square foot

Handled sale of Cerasa Apartments at $707,792 per unit

Philip Assouad and Giovanni Napoli specialize in the disposition and acquisition of multifamily assets and development sites throughout the Puget Sound region and Pacific Northwest.

The team had a record year in 2021, with increased investor demand and total sales volume of $1.2 billion across Washington, Oregon and Idaho.

Significant transactions involved two apartment buildings, selling for $109 million each. The sale of BLU Bellevue broke a record, closing at more than $1,000 per net rentable square foot, and $807,407 per unit. The sale of Cerasa Apartments equated to $707,792 per unit.


Inside The Story

Institutional Property Advisors' Philip AssouadInstitutional Property Advisors' Giovanni Napoli

About Amy Wolff Sorter

I love content. I love writing it, visualizing it, and manipulating it to fit into different formats. I have years of experience in working with content, both as creator and editor. The content I create and edit provides assistance with many goals, ranging from lead generation, to developing street cred through well-timed thought-leadership pieces. Content skills include, but aren't limited to, articles and blogs, e-mails, promotional collateral, infographics, e-books and white papers, website copy and more.