SoCal Family Office Snaps Up Apartments in Competitive Modesto Submarket

The Mogharebi Group (TMG) represented Bay Area-based Tesseract Capital Group in the sale of The Marc at 1600, a 100-unit multifamily community located at 1600 Standiford Ave. in Modesto. The buyer was a private family office from Southern California, which paid $26.6 million. TMG’s team of EVP Otto Ozen, SVP Brian Nakamura and SVP Nazli...