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 |
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), announced today the sale of three multifamily assets totaling 557 units in Tacoma, Washington for $102.6 million. The properties are Monterra, Miramonte, and Heatherstone Apartments. "Located in a multifamily market with one of the largest housing imbalances in the nation, these acquisitions provide the buyers with opportunity to capitalize on embedded rental and operational upside," said Giovanni Napoli, IPA executive director. Napoli and IPA's Philip Assouad, Ryan Harmon, Nick Ruggiero, and Anthony Palladino represented the seller, Goodman Real Estate and procured the buyer, American Capital Group. The
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 Ian Grusd. In his new role, Grusd will focus on expanding Marcus & Millichap's national Auction Services team with Northeast-based clients selling properties throughout the country. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241119977484/en/Ian Grusd (Photo: Business Wire) "Ian is an extremely well-respected industry leader known for his expertise and passion for commercial real estate," said Jim Palmer, who leads Marcus & Millichap's Auction
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 third quarter results today. Third Quarter 2024 Highlights Compared to Third Quarter 2023 Total revenue of $168.5 million, compared to $162.0 million Brokerage commissions of $142.0 million, compared to $139.8 million Private Client Market brokerage revenue of $87.5 million, compared to $91.5 million Middle Market and Larger Transaction Market brokerage revenue of $49.3 million, compared to $42.8 million Financing fees of $20.6 million, comp
IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI), specializing in capital markets services for major private and institutional clients has secured a $63 million loan for the refinance of Muir Lake Apartments, located on Avery Ranch Boulevard in the Austin suburb of Cedar Park, Texas. Built in 2014, the property features 332 garden-style units spread across 46 acres. The New York-based IPA Capital Markets team of Marko Kazanjian, Max Herzog, Andrew Cohen, and Max Hulsh secured the financing with LoanCore Capital. "Our team successfully secured a refinancing for our client in a challenging market, allowing them further duration to execute their business plan," said Kazanjian
IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI), specializing in capital markets services for major private and institutional clients has secured $110 million in joint venture equity and agency financing for the acquisition of Canfield Park at Fairfield Metro, two adjacent multifamily properties located in Bridgeport, Connecticut. Built in 2023, the properties feature a combined 300 units and are located near the local transit station in Bridgeport's Black Rock neighborhood. The New York-based IPA Capital Markets team of Marko Kazanjian, Max Herzog, Andrew Cohen and Max Hulsh secured agency financing on behalf of their client, a new joint venture between an institutional i
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 an 11-property Courtyard Hotel portfolio in Illinois, Ohio, Alabama, Arkansas, Virginia, Kentucky, and Oklahoma. The portfolio sold for $101 million. "During this period of market uncertainty, we successfully connected multiple buyers with their respective lenders to fulfill the portfolio closing requirements for the seller, with minimal contingencies and securing non-refundable earnest money," said Ebrahim Valliani, first vice president investments in Marcus & Millichap's Chicago Oak Brook office. "We delive
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, 2024 on Friday, November 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
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), announced today the sale of The Lofts at Noho Commons, a 292-unit multifamily property in the NoHo Arts District of Los Angeles, California. The asset traded for $92.5 million, or $316,781 per unit. "The property's proximity to major employers including CBS Studio Center, Universal Studios, Walt Disney Studios, and Warner Bros. Studios enhances its appeal to entertainment professionals," said Joseph Grabiec, IPA executive managing director. Grabiec and IPA's Kevin Green and Gregory Harris represented the seller, a joint venture partnership, and procured the buyer, The GPI Companies. Lofts at NoHo Commons i
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), announced the sale of Hamilton Marketplace, a grocery-anchored regional power center in Hamilton Township, New Jersey. The center sold for a total consideration of over $100 million, making it the largest single-asset open-air shopping center transaction to close in New Jersey since 2017. "On the open market for the first time since development, the offering drew a pool of private and institutional capital that we haven't seen since before the pandemic and interest from large private family offices that know the value of controlling over 128 acres with highway frontage," said Brad Nathanson, IPA executive d
IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI), specializing in capital markets services for major private and institutional clients, has secured $75 million in acquisition financing for the former Pfizer headquarters in New York City. Located at 219 E 42nd St., the property will be combined with the adjacent building at 235 E 42nd St. and converted into a free-market, Class-A, luxury multifamily apartment building. "When these two buildings are combined, it will add more than 800 units to the project totaling to over 1,400 units, making it the largest office-to-residential conversion in New York City's history," said Max Herzog, IPA Capital Markets. The New York-based I
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
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4 - Marcus & Millichap, Inc. (0001578732) (Issuer)
4 - Marcus & Millichap, Inc. (0001578732) (Issuer)
4 - Marcus & Millichap, Inc. (0001578732) (Issuer)
4 - Marcus & Millichap, Inc. (0001578732) (Issuer)
4 - Marcus & Millichap, Inc. (0001578732) (Issuer)
4 - Marcus & Millichap, Inc. (0001578732) (Issuer)
4 - Marcus & Millichap, Inc. (0001578732) (Issuer)
4 - Marcus & Millichap, Inc. (0001578732) (Issuer)
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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 third quarter results today. Third Quarter 2024 Highlights Compared to Third Quarter 2023 Total revenue of $168.5 million, compared to $162.0 million Brokerage commissions of $142.0 million, compared to $139.8 million Private Client Market brokerage revenue of $87.5 million, compared to $91.5 million Middle Market and Larger Transaction Market brokerage revenue of $49.3 million, compared to $42.8 million Financing fees of $20.6 million, comp
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, 2024 on Friday, November 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
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
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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
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