Marcus & Millichap, Inc., an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing. It also operates as a financial intermediary that provides commercial real estate capital markets solutions, including senior debt, mezzanine debt, joint venture, and preferred equity, as well as loan sales and consultative/due diligence services to commercial real estate owners, developers, investors, and capital providers. In addition, the company provides various ancillary services, including research, advisory, and consulting services to developers, lenders, owners, real estate investment trusts, high net worth individuals, pension fund advisors, and other institutions. Marcus & Millichap, Inc. was founded in 1971 and is headquartered in Calabasas, California.
IPO Year: 2013
Exchange: NYSE
Website: marcusmillichap.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
12/1/2021 | $37.00 → $40.00 | Underweight | Wells Fargo |
Marcus & Millichap, Inc. (the "Company", "Marcus & Millichap", or "MMI") (NYSE:MMI), a leading national real estate services firm specializing in commercial real estate investment sales, financing, research and advisory services, reported its second quarter results today. Second Quarter 2024 Highlights Compared to Second Quarter 2023 Total revenue of $158.4 million, compared to $162.9 million Brokerage commissions of $135.4 million, compared to $140.3 million Private Client Market brokerage revenue of $84.8 million, compared to $96.2 million Middle Market and Larger Transaction Market brokerage revenue of $45.3 million, compared to $39.4 million Financing fees of $18.3 milli
Marcus & Millichap Inc. (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today that its Board of Directors has declared a regular semi-annual dividend of $0.25 per share, or approximately $10.2 million. The dividend will be payable on October 4, 2024 to shareholders of record as of the close of business on September 16, 2024. Any and all future dividends are subject to review and approval by the Board of Directors. About Marcus & Millichap, Inc. Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advi
Marcus & Millichap, Inc. (NYSE:MMI), a leading national brokerage firm specializing in commercial real estate investment sales, financing and research and advisory services, announced today it will report its financial results for the second quarter ended June 30, 2024 on Wednesday, August 7, 2024, before the market open. The Company will host a webcast and a conference call the same day to discuss the results at 10:30 a.m. Eastern Time. The call will be hosted by Hessam Nadji, President and Chief Executive Officer and Steve DeGennaro, Chief Financial Officer. WEBCAST INFORMATION A live webcast of the call will be accessible through the Investor Relations section of Marcus & Millichap
Marcus & Millichap, Inc. (the "Company", "Marcus & Millichap", or "MMI") (NYSE:MMI), a leading national real estate services firm specializing in commercial real estate investment sales, financing, research and advisory services, reported its first quarter results today. First Quarter 2024 Highlights Compared to First Quarter 2023 Total revenue of $129.1 million, compared to $154.8 million Brokerage commissions of $109.5 million, compared to $135.0 million Private Client Market brokerage revenue of $73.2 million, compared to $90.5 million Middle Market and Larger Transaction Market brokerage revenue of $31.5 million, compared to $39.5 million Financing fees of $14.4 million,
Marcus & Millichap, Inc. (NYSE:MMI), a leading national brokerage firm specializing in commercial real estate investment sales, financing and research and advisory services, announced today it will report its financial results for the first quarter ended March 31, 2024 on Wednesday, May 8, 2024, before the market open. The Company will host a webcast and a conference call the same day to discuss the results at 10:30 a.m. Eastern Time. The call will be hosted by Hessam Nadji, President and Chief Executive Officer and Steve DeGennaro, Chief Financial Officer. WEBCAST INFORMATION A live webcast of the call will be accessible through the Investor Relations section of Marcus & Millichap's
Marcus & Millichap, Inc. (the "Company", "Marcus & Millichap", or "MMI") (NYSE:MMI), a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services, today reported financial results for the fourth quarter and the year ended December 31, 2023. Fourth Quarter 2023 Highlights Compared to Fourth Quarter 2022 Total revenue of $166.2 million, compared to $262.4 million Brokerage commissions of $144.6 million, compared to $235.8 million Private Client Market brokerage revenue of $94.8 million, compared to $145.6 million Middle Market and Larger Transaction Market brokerage revenue of $44.1 million, compared to $85.1
Marcus & Millichap Inc. (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today that its Board of Directors has declared a regular semi-annual dividend of $0.25 per share, or approximately $10.1 million. The dividend will be payable on April 5, 2024 to shareholders of record as of the close of business on March 12, 2024. Any and all future dividends are subject to review and approval by the Board of Directors. About Marcus & Millichap, Inc. Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory s
Marcus & Millichap, Inc. (NYSE:MMI), a leading national brokerage firm specializing in commercial real estate investment sales, financing and research and advisory services, announced today it will report its financial results for the fourth quarter ended December 31, 2023 on Friday, February 16, 2024, before the market open. The Company will host a webcast and a conference call the same day to discuss the results at 10:30 a.m. Eastern Time. The call will be hosted by Hessam Nadji, President and Chief Executive Officer and Steve DeGennaro, Chief Financial Officer. WEBCAST INFORMATION A live webcast of the call will be accessible through the Investor Relations section of Marcus & Milli
Marcus & Millichap, Inc. (the "Company", "Marcus & Millichap", or "MMI") (NYSE:MMI), a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services, today reported its third quarter results. Third Quarter 2023 Highlights Compared to Third Quarter 2022 Total revenue of $162.0 million, compared to $323.8 million Brokerage commissions of $139.8 million, compared to $292.9 million Private Client Market brokerage revenue of $91.5 million, compared to $165.5 million Middle Market and Larger Transaction Market brokerage revenue of $42.8 million, compared to $120.1 million Financing fees of $17.3 million, compare
Marcus & Millichap, Inc. (NYSE:MMI), a leading national brokerage firm specializing in commercial real estate investment sales, financing and research and advisory services, announced today it will report its financial results for the third quarter ended September 30, 2023 on Friday, November 3, 2023, before the market open. The Company will host a webcast and a conference call the same day to discuss the results at 10:30 a.m. Eastern Time. The call will be hosted by Hessam Nadji, President and Chief Executive Officer and Steve DeGennaro, Chief Financial Officer. WEBCAST INFORMATION A live webcast of the call will be accessible through the Investor Relations section of Marcus & Millic
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Wells Fargo reiterated coverage of Marcus & Millichap with a rating of Underweight and set a new price target of $40.00 from $37.00 previously
Marcus & Millichap (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced today the hiring of chief people officer Jan Coonley. Coonley will be responsible for overseeing all aspects of the company's human resources activities, including systems, employee engagement, performance enhancement, talent retention and acquisition, skills and leadership development, and diversity, equity and inclusion. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240610843717/en/Jan Coonley, Marcus & Millichap (Photo: Business Wire) "Jan's deep experience in
VANCOUVER, BC, June 4, 2024 /CNW/ - RESAAS Services Inc. ("RESAAS") (TSXV:RSS) (OTCQB:RSASF), a leading provider of technology solutions for the real estate industry, today announced the appointment of James Huang to the role of Managing Director of Commercial Real Estate at RESAAS. Mr. Huang previously served as President of eXp Commercial, where, since 2020, he started and grew their Commercial division. Prior to eXp Commercial, Mr. Huang was President of Sperry Commercial Global Affiliates, where he led the company's expansion across more than 20 states and into multiple co
Marcus & Millichap (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today it has made an equity investment in EquityMultiple, a New York-based real estate financing and investment technology platform. The partnership will provide sponsors and operators supplemental private capital financing sources and give accredited investors streamlined access to unique real estate equity and credit opportunities. "Our investment in EquityMultiple allows MMI to be part of a leading innovative technology platform that further expands our array of capital sources and solutions and creates synergies to facili
Marcus & Millichap, Inc. (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the hiring of Biran Patel as senior vice president and national director of the firm's hospitality division. Patel will be responsible for overseeing the hospitality division, which focuses exclusively on providing investment advisory and transaction services for hospitality, lodging, resort, marina, and golf properties. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220131005349/en/Biran Patel (Photo: Business Wire) J.D. Parker, executive vice president
Appoints Collete English Dixon to Board of Directors Marcus & Millichap, Inc. (the "Company", "Marcus & Millichap", "MMI") (NYSE:MMI), a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services, today announced that it has expanded the Board of Directors with the election of Ms. Collete English Dixon, effective November 2, 2021. She will also serve as a member of the Board's Nominating & Corporate Governance Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211104006295/en/Collete English Dixon (Photo: Business Wire) George Marcus, Marcus & Millich
Marcus & Millichap (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Point Dume Club of Malibu, a five-star, 297-site manufactured housing asset located on 95.4 oceanfront acres in Malibu, California. "On the market for the first time since the underlying land was purchased in 1892, Point Dume Club of Malibu has sold for the highest price per site ever achieved by a manufactured housing community," said Dustin B. Wilmer, first vice president investments in Marcus & Millichap's San Diego Del Mar Office. "The property is on the last 95.4 acres of the original 13,330-acre Rancho Malibu
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), announced today the sale of Desert Club, a 497-unit multifamily asset in Phoenix, Arizona. The property sold for $187.5 million, or $377,264 per unit. The transaction is the largest single asset multifamily sale in Arizona in over two years and one of the ten largest single asset multifamily sales in the United States year-to-date. "Unprecedented, 20-year consecutive institutional ownership is a testament to Desert Club's differentiated physical attributes and the unrivaled appeal of North Scottsdale, Arizona's most sought-after submarket," said Steve Gebing, IPA executive managing director. "The setting of
IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI), specializing in capital markets services for major private and institutional clients, announced today the hiring of Harry Krieger as a managing director, responsible for placing debt for institutional clients. Based in Dallas, Krieger will be part of the firm's Los Angeles-based IPA Capital Markets team led by executive managing director Brian Eisendrath and senior managing director Cameron Chalfant. He will collaborate with the firm's Texas-based, market-leading IPA multifamily investment sales team led by Drew Kile and Will Balthrope to provide clients with capital markets services. "We are excited to expand our team wi
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), announced today the sale of The Landing at Arroyo, a 212-unit multifamily property in Simi Valley, California. The asset traded for $95 million, or $448,113 per unit. "This quintessential, low-density suburban core multifamily asset is poised for substantial growth in a severely underserved market with a flat development pipeline," said Kevin Green, IPA executive managing director investments. "In the last 25 years, just four other multifamily properties of 50 units or more have been delivered in Simi Valley and only one market-rate property totaling 280 units is expected to be delivered in the city over t
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), announced today the sale of Paragon at Old Town, a 163-unit multifamily asset with 6,077 square feet of ground floor retail in Monrovia, California. The property sold for $87.25 million, or $535,276 per unit. "Located in a submarket with 3.09% vacancy over the past 12 months, Paragon at Old Town is a one-of-a-kind, institutionally maintained asset," said Joseph Grabiec, IPA executive managing director investments. "The acquisition gives new ownership opportunity to enhance the interior renovation scope and focus on higher returns." Grabiec and IPA's Kevin Green and Gregory Harris represented the seller,
Marcus & Millichap, Inc. (the "Company", "Marcus & Millichap", or "MMI") (NYSE:MMI), a leading national real estate services firm specializing in commercial real estate investment sales, financing, research and advisory services, reported its second quarter results today. Second Quarter 2024 Highlights Compared to Second Quarter 2023 Total revenue of $158.4 million, compared to $162.9 million Brokerage commissions of $135.4 million, compared to $140.3 million Private Client Market brokerage revenue of $84.8 million, compared to $96.2 million Middle Market and Larger Transaction Market brokerage revenue of $45.3 million, compared to $39.4 million Financing fees of $18.3 milli
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), announced today the sale of Marlowe Grapevine, a 324-unit multifamily asset in Grapevine, Texas. "Marlowe Grapevine exhibited exceptional leasing velocity in a submarket with limited multifamily supply and zoning that restricts future development," said Drew Kile, IPA executive managing director. Kile and IPA's Joey Tumminello, Michael Ware, Taylor Hill, and Shelby Clark represented the sellers, Greystar and Carlyle, and procured the buyer, Equity Residential. The property is located off Texas State Highway 360, within a short drive to historic Downtown Grapevine, Grapevine Towne Center power center, and
Marcus & Millichap Inc. (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today that its Board of Directors has declared a regular semi-annual dividend of $0.25 per share, or approximately $10.2 million. The dividend will be payable on October 4, 2024 to shareholders of record as of the close of business on September 16, 2024. Any and all future dividends are subject to review and approval by the Board of Directors. About Marcus & Millichap, Inc. Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advi
IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI), specializing in capital markets services for major private and institutional clients, announced the $85 million financing of a two-story, Class-A industrial space located at 130-02 S Conduit Ave in Queens, New York. The Manhattan based IPA Capital Markets team of Max Herzog, Marko Kazanjian, Max Hulsh and Andrew Cohen secured the financing with LoanCore Capital on behalf of Triangle Equities and Goldman Sachs Urban Investment Group. "Triangle Equities successfully developed a premier, Class-A industrial property in an exceptional location, which is now fully leased to a strong tenant," said Herzog. "The end product appeal
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), announced the sale of Solis, a 216-unit multifamily property in Clarksville, Tennessee. "Built in 2020, Solis is a stabilized asset in one of the fastest-growing cities in the nation," said David Stollenwerk, IPA director. "Over the past five years, Clarksville has experienced 15.5% population growth and currently the Clarksville-Montgomery MSA population is over 329,000." Stollenwerk and IPA's Will Balthrope and Drew Garza represented the seller, Gwaltney Communities, and secured the buyer, a private California-based partnership. Marcus & Millichap's broker of record in Tennessee is Jody McKibben. The p
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IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI), specializing in capital markets services for major private and institutional clients, announced the $72.24 million refinance of La Vista City Centre, a growing master-planned multifamily, office and retail development in La Vista, Nebraska. Frank Montalto, IPA Capital Markets managing director based in the firm's Chicago office, secured the financing on behalf of City+Ventures, a Nebraska-based investment and development company that partnered with the City of La Vista beginning in 2015 for the development of the community.
Marcus & Millichap (NYSE:MMI) reported quarterly losses of $(0.26) per share which beat the analyst consensus estimate of $(0.28) by 7.14 percent. This is a 73.33 percent decrease over losses of $(0.15) per share from the same period last year. The company reported quarterly sales of $129.10 million which beat the analyst consensus estimate of $127.50 million by 1.26 percent. This is a 16.60 percent decrease over sales of $154.79 million the same period last year.
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), announced today the sale and financing of Alta Chandler at The Park, a 291-unit mid-rise multifamily asset in Chandler, Arizona. The property traded for $94.5 million, which represents $324,742 per unit. IPA Capital Markets arranged $52 million in acquisition financing.
The company said, notwithstanding the ongoing price discovery and wider than normal bid/ask spreads, the commercial real estate transaction market is poised over the long-term to overcome the near term challenges which are currently expected to extend for the first half of 2024.
Marcus & Millichap (NYSE:MMI) reported quarterly losses of $(0.27) per share which beat the analyst consensus estimate of $(0.28) by 3.57 percent. This is a 235 percent decrease over earnings of $0.20 per share from the same period last year. The company reported quarterly sales of $166.24 million which missed the analyst consensus estimate of $171.20 million by 2.90 percent. This is a 36.66 percent decrease over sales of $262.45 million the same period last year.
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Marcus & Millichap (NYSE:MMI) is set to give its latest quarterly earnings report on Friday, 2024-02-16. Here's what investors need to know before the announcement. Analysts estimate that Marcus & Millichap will report an earnings per share (EPS) of $-0.28. Marcus & Millichap bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company beat EPS by $0.02, which was followed by a 0.0% dr
Marcus & Millichap (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Alta Cooley Station, a 248-unit, mid-rise multifamily property in Cooley Station, an upscale master-planned community in Gilbert, Arizona. The asset traded for $80 million, which equates to $322,581 per uni
Real estate brokerage firm Marcus & Millichap Inc (NYSE:MMI) has signed a strategic partnership, including an equity investment and commercial relationship with Archer, a venture-backed real estate technology company. The financial details were not disclosed. Archer's commercial real estate software platform helps speed up market analysis, deal sourcing, and underwriting activities. It leverages machine-learning algorithms to better parse property financials such as rent rolls and operating statements and consolidate data from different sources. The platform allows brokers to accelerate the market analysis and underwriting processes for clients. Richard Matricaria, Marcus & Millichap's ch
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