MARCUS & MILLICHAP INC. overview

NEW YORK, NY / ACCESSWIRE / December 13, 2023 / EquityMultiple , the innovative real estate investing platform for self-directed investors, today announced a groundbreaking partnership with Marcus & Millichap (NYSE:MMI), the largest firm specializing in commercial real estate investment sales, financing, research and advisory services in the United States. Marcus & Millichap and EquityMultiple serve a similar market of highly informed, self-directed real estate investors, and both firms see the...

Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE:MMI) , has published its Class A Multifamily Outlook Midyear 2023 special report. “Today’s high barriers to homeownership are helping support demand for high-end apartments, particularly among the millennial demographic,” stated John Sebree, senior vice president and national director of IPA’s multi housing division. IPA’s Class A Multifamily Outlook provides investors with vital insight and analysis on the...

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 second quarter results. Second Quarter 2023 Highlights Compared to Second Quarter 2022 Total revenue of $162.9 million decreased 58.9%, a difficult comparable to a record second quarter 2022 where revenue was up 39.0% compared to second quarter 2021...

Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE: MMI) , announced today the sale of Cabana Encanto, a 286-unit attainable housing asset in Goodyear, Arizona. The $61 million sale price represents $213,287 per unit and $354 per square foot. “Since 2010, the number of households in Goodyear has increased by 46% and demand for long-term residential and multifamily housing has grown exponentially,” said Steve Gebing, IPA executive managing director....

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 October 6, 2023 to shareholders of record as of the close of business on September 15, 2023. Any and all future dividends are subject to review and approval by the...

Marcus & Millichap (NYSE:MMI) , a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has published a special report on Industrial Outdoor Storage (IOS) properties. “As growing e-commerce underscores the need for this historically lesser-known segment of the industrial sector, IOS properties have emerged as some of the most prominent niche commercial real estate investments in the marketplace today,” said Alan Pontius,...

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, 2023 on Friday, August 4, 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...

Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE:MMI) , announced today the sale and financing of Aria, a 102-unit, transit-oriented, boutique multifamily property with 2,161 square feet of retail space in Redmond, Washington. The asset traded for $46.5 million. “Aria is prominently located along 168 th Avenue NE, just minutes from Interstate 405 and Redmond’s downtown core,” said Philip Assouad, IPA executive director. “The property is within a three-minute...