Marcus & Millichap

Marcus & Millichap, Inc. to Report First Quarter 2024 Financial Results on Wednesday, May 8, 2024

Retrieved on: 
Tuesday, April 16, 2024
Commercial Building & Real Estate, Construction & Property, Professional Services, Finance, Marcus & Millichap, Research, Webcast, MMI

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.

Key Points: 
  • 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.
  • The Company encourages use of the webcast due to potential extended wait times to access the conference call via dial-in.

Shannon Bona of Graystone Capital Advisors Has Been Promoted to First Vice President

Retrieved on: 
Thursday, April 11, 2024
Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Banking, Corporation, Sale, Real estate, Marcus & Millichap, Rookie, Graystone Ballroom, Villanova University, Multimedia, Broker, Growth, Financial services

Graystone Capital Advisors, a leading investment sales brokerage, has promoted Shannon Bona to First Vice President.

Key Points: 
  • Graystone Capital Advisors, a leading investment sales brokerage, has promoted Shannon Bona to First Vice President.
  • Shannon joined Graystone Capital Advisors in 2021 and since has been a top producing agent in the firm.
  • With over a decade of experience, she has closed nearly $1 Billion in commercial sales during her career.
  • "We are very excited to see Shannon hit this milestone," adds Brenton Baskin, Managing Director at Graystone.

Best Place to Work Honor Awarded to Marcus & Millichap for Second Consecutive Year

Retrieved on: 
Thursday, April 11, 2024
Professional Services, Residential Building & Real Estate, Human Resources, Commercial Building & Real Estate, Finance, Construction & Property, Consulting, Culture, CRE, Recognition, Affection, Research, MMI, Marcus & Millichap, Teaching, Property management

Marcus & Millichap (NYSE:MMI) , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has been recognized with a Best Place to Work award from national commercial real estate (CRE) media GlobeSt.

Key Points: 
  • Marcus & Millichap (NYSE:MMI) , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has been recognized with a Best Place to Work award from national commercial real estate (CRE) media GlobeSt.
  • Real Estate Forum for a second consecutive year.
  • Recognition was based on a wide range of attributes, including culture, work ethos, corporate leadership, spirit of giving back to the community, and the affection with which employees hold the firm.
  • For information about working with Marcus & Millichap, click here .

Marcus & Millichap Publishes Institutional Multifamily Market Intelligence Report

Retrieved on: 
Thursday, March 21, 2024
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Consulting, REIT, Momentum, IPA, MMI, Marcus & Millichap, Research, Growth, Face, San Francisco Bay Area, Property management

Marcus & Millichap (NYSE:MMI) , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today it has released its Markets with Momentum report.

Key Points: 
  • Marcus & Millichap (NYSE:MMI) , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today it has released its Markets with Momentum report.
  • The report cites key national multifamily performance statistics from February on rent growth, lease renewals, and vacancy.
  • Highlights of the report include:
    Nationally, average monthly apartment rents have climbed $6 so far in 2024.
  • This small improvement reverses the trend of mild rent cuts seen during the last half of 2023.

$125 Million Silicon Valley Multifamily Asset Sale and Financing Brokered by Institutional Property Advisors

Retrieved on: 
Monday, March 18, 2024
Commercial Building & Real Estate, Construction & Property, Finance, Consulting, Professional Services, Luxury, Retail, Residential Building & Real Estate, Community, Intel, EBay, Apple, Netflix, IPA, Air conditioning, Sale, Acquisition, MMI, Marcus & Millichap, Silicon, Samsung, Cisco, Adobe, State, PayPal

Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE: MMI) , announced today the sale of Prado, a 251-unit multifamily asset in Santa Clara, California.

Key Points: 
  • Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE: MMI) , announced today the sale of Prado, a 251-unit multifamily asset in Santa Clara, California.
  • The property traded for $125 million, or $498,008 per unit.
  • IPA Capital Markets arranged $73.5 million in acquisition financing.
  • “Investor demand for quality assets in supply-constrained markets is on the rise, as demonstrated by high engagement levels on listing assignments.

Institutional Property Advisors Brokers Sale and Arranges Financing for $94.5 Million Southeast Phoenix Multifamily Asset

Retrieved on: 
Thursday, March 14, 2024
Professional Services, Luxury, Family, Consumer, Convenience Store, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Fitness & Nutrition, Retail, Finance, Health, Consulting, Bank of America, Intel, Walking, IPA, Bank, Microchip Technology, Sale, Acquisition, MMI, Marcus & Millichap, Grumman, The Park, Wells Fargo

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.

Key Points: 
  • 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.
  • IPA Capital Markets arranged $52 million in acquisition financing.
  • Downtown Chandler is one mile from the property and within five miles there is 18.9 million square feet of retail and dining.
  • The property has an open-concept leasing office and clubhouse, a convenience market, sky lounge, fitness center, and a private, multi-purpose fitness room.

Marcus & Millichap Brokers $79 Million Orange County Multifamily Asset Sale

Retrieved on: 
Thursday, February 22, 2024
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, MMI, County, Honda Center, Hope International University, Leeson, Growth, Sale, Anaheim Regional Medical Center, Marcus & Millichap, California State University, Kaiser Permanente, Cypress College, Research, Partnership, Commercial property

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 Chateau de Ville, a 254-unit multifamily property in Anaheim, California.

Key Points: 
  • 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 Chateau de Ville, a 254-unit multifamily property in Anaheim, California.
  • The asset was brought to market for the first time in over 50 years and traded for $79,076,710 or $311,326 per unit.
  • “Orange County has been the tightest major rental market in California for the past three years, and this trend is projected to continue with a fourth straight year of rent growth,” said Tyler Leeson, executive managing director investments in Marcus & Millichap’s Orange County office.
  • Leeson and Matt Kipp, Marcus & Millichap first vice president investments, represented the seller, a long-term partnership, and procured the buyer, a private investor.

Marcus & Millichap, Inc. Reports Results for Fourth Quarter and Full Year 2023

Retrieved on: 
Friday, February 16, 2024
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Banking, MMI, Acquisition, Total, Building material, Investment, Share repurchase, Growth, Marcus & Millichap, Volatility, Fed, Webcast, Policy, Tax, Motivation, Research, Insurance, Depreciation, Real estate

The average transaction size and the average commission per transaction decreased by 3.7% and 11.4%, respectively, compared to the fourth quarter 2022.

Key Points: 
  • The average transaction size and the average commission per transaction decreased by 3.7% and 11.4%, respectively, compared to the fourth quarter 2022.
  • Total operating expenses for the fourth quarter 2023 were $183.4 million, compared to $256.6 million for the same period in the prior year.
  • Selling, general and administrative expenses for the fourth quarter 2023 were $74.7 million, compared to $72.6 million, for the same period in 2022.
  • Total revenue for 2023 was $645.9 million, compared to $1,301.7 million for 2022, a decrease of $655.8 million, or 50.4%.

Newmark Lands Leading National Affordable Housing Advisory Team

Retrieved on: 
Thursday, February 15, 2024
Tax credit, Newmark Group, Capital market, AHA, Sun Belt, Growth, Marcus & Millichap, Section 8, Housing, Video game

NEW YORK, Feb. 15, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces it has hired the team formerly with Affordable Housing Advisors (AHA) – a leading brokerage team and platform previously housed out of Marcus & Millichap.

Key Points: 
  • NEW YORK, Feb. 15, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces it has hired the team formerly with Affordable Housing Advisors (AHA) – a leading brokerage team and platform previously housed out of Marcus & Millichap.
  • The team, which will operate as Newmark Affordable Housing Advisors, or NAHA, is led by Vice Chairmen and Co-Heads of Affordable Housing, Andrew Daitch, Steven Miscavish, Seth Barnett and Matthew Kurzmann, who will tap into Newmark's extensive resources while continuing to provide expert market knowledge and advisory services to clients in the affordable housing industry.
  • Founded in 1987, AHA was one of the first brokerage groups to specialize in affordable housing, establishing themselves as the U.S. industry leader.
  • Steven Miscavish has over 22 years of industry expertise and leads the underwriting team that reviews more than 1,500 affordable housing properties annually.

NNN Pro and STNL Advisors Announce Previously Completed Strategic Partnership Under Holding Company “SURMOUNT”

Retrieved on: 
Thursday, February 8, 2024
Professional Services, Other Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, Consulting, Organization, Partnership, Marcus & Millichap, Financial services

This partnership further brings together the strengths and expertise of NNN Pro and STNL Advisors -- two seasoned net lease focused real estate organizations -- paving the way for a more streamlined and full-service net lease advisory services platform. NNN Pro and STNL Advisors will continue to operate under their existing branding.

Key Points: 
  • The company provides strategic growth capital across multiple sectors to create enhanced enterprise value for real estate and related investment opportunities.
  • This partnership further brings together the strengths and expertise of NNN Pro and STNL Advisors -- two seasoned net lease focused real estate organizations -- paving the way for a more streamlined and full-service net lease advisory services platform.
  • NNN Pro and STNL Advisors will continue to operate under their existing branding.
  • “Our vision is to build the most comprehensive and full-service commercial real estate platform in the market,” said Glen Kunofsky, CEO of both NNN Pro and STNL Advisors respectively.