Casa Belview

BELMONT, CA—A two-property legacy multifamily portfolio totaling54 units has sold in San Mateo County, totaling $27.125 million,according to Adam Levin, managing director, and Robert Johnston,senior vice president of Levin Johnston. The team represented the seller, a privatefamily that is also the original developer of one of the assets, aswell as the buyer, a private investor, in the transaction.

The two communities, Belview Heights and Casa Belview, arelocated directly across the street from each other on ContinentalWay. Belview Heights was built in 1977 by the seller, whocommissioned a Swedish architect to design the property. CasaBelview was built in 1973 by a Pan American World Airways pilot toserve as an investment property and a gathering spot for PanAmpilots and flight attendants during Bay Area overnights. Theproperty traded to the seller in the mid-1980s.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.