MARCUS & MILLICHAP INC. overview

Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE:MMI) , announced today the sale of The BW, a 78-unit apartment asset with 2,300 square feet of ground floor retail in the Brentwood neighborhood of Los Angeles, California. The property sold for $58.1 million, which equates to $744,872 per unit. “The BW is in one of the most affluent multifamily submarkets in California, where demand for luxury rentals is high and the median price of a single-family home is over...

IPA Capital Markets , a division of Marcus & Millichap (NYSE:MMI) specializing in capital markets services for major private and institutional clients, announced today its continued expansion in Canada with the hiring of real estate finance industry veteran Onorio Lucchese. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250326962237/en/ Onorio Lucchese Lucchese joins as senior managing director in the firm's Toronto office. He is...

IPA Capital Markets , a division of Marcus & Millichap (NYSE:MMI) specializing in capital markets services for major private and institutional clients, announced today the $60.9 million refinancing of a 28.9-acre oceanfront redevelopment project located in Huntington Beach, California. Gary Mozer, executive managing director with IPA Capital Markets, secured an 18-month, non-recourse loan on behalf of a California-based investment and development firm. The project plan includes residential and...

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 fourth quarter and full year 2024 financial results today. Fourth Quarter 2024 Highlights Compared to Fourth Quarter 2023 Total revenue of $240.1 million, compared to $166.2 million Brokerage commissions of $202.8 million, compared to $144.6...

Institutional Property Advisors (IPA) , a division of Marcus & Millichap (NYSE:MMI) , announced today that it advised Rockpoint and The Related Group (Related) on the sale of Town Deer Valley, a 388-unit multifamily asset in Phoenix, Arizona. The property sold for $131.1 million, which represents $337,887 per unit. “Town Deer Valley is perfectly positioned to capitalize on the unprecedented economic activity driven by Taiwan Semiconductor Manufacturing Company’s $65 billion chip...

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 $9.8 million. The dividend will be payable on April 4, 2025 to shareholders of record as of the close of business on March 12, 2025. Any and all future dividends are subject to review and approval by the Board of...

Marcus & Millichap Capital Corporation (MMCC) , a leading provider of commercial real estate capital markets financing solutions, arranged $107 million in financing for the construction of a 384-unit multifamily asset with 26,000 square feet of retail space located at 4117 E Concours Street in Ontario, California. The project, which is adjacent to the Toyota Arena, will include several digital media signs. Stefen Chraghchian, senior director in MMCC’s Encino office, secured the financing with...

IPA Capital Markets , a division of Marcus & Millichap (NYSE:MMI) specializing in capital markets services for major private and institutional clients, has successfully arranged $165.9 million in financing on behalf of the DSF Group for the acquisition of the Town Square at Mark Center in Alexandria, Virginia. IPA Capital Markets in Los Angeles represented the borrower, the DSF Group, a Boston-based leader in multifamily investment. The Town Square at Mark Center is a 678-unit apartment and...