Marcus & Millichap, Inc. is an American company that provides real estate brokerage, mortgage brokerage, research, and advisory services in the U.S. and Canada in the field of commercial property. It popularized the practice of listing properties exclusively with one brokerage firm. The company has over 1,700 employees in more than 80 offices across the U.S. and Canada.[2]
| Company type | Public |
|---|---|
| |
| Industry | Commercial real estate |
| Founded | 1971 |
| Founder | George M. Marcus |
| Headquarters | , U.S. |
Area served | North America |
Key people | |
| Services | Commercial real estate brokerage, financing, research, advisory services |
| Revenue |  US$645.9 million (2023) |
Number of employees | Over 1,700 (2023) |
| Website | marcusmillichap |
| Footnotes / references [1] | |
History
editThe company was founded in Palo Alto in 1971 by George M. Marcus.[3][4]
William Millichap was one of the first salespeople Marcus hired, and was made a partner in 1976.[5] The company was incorporated in California on August 26, 1976 as G. M. Marcus & Company, and was renamed as Marcus & Millichap, Inc. in August 1978.[6]
In 2013, it became a public company via an initial public offering.[4]
In December 2015, Marcus & Millichap expanded its institutional property market in the areas of office and industrial with the creation of Institutional Property Advisors (IPA)[7]
In May 2016, Hessam Nadji was named Chief Executive Officer.[8]
In 2018, Marcus & Millichap expanded its Canadian presence with the acquisition of McGill Commercial.[9] In the same year, Marcus & Millichap acquired Primecorp in Canada.[10]
In 2019, Marcus & Millichap further expanded in Canada when it acquired Form Real Estate Advisors[11]
In 2020, Marcus & Millichap expanded its Marcus & Millichap Capital Corp (MMCC) division with the acquisitions of Metropolitan Capital Advisors, Mission Capital Advisors and LMI Capital.[12]
References
edit- ^ "Marcus & Millichap, Inc. 2021 Form 10-K Annual Report". Marcus & Millichap.
- ^ "Commercial Real Estate Offices | Marcus & Millichap". www.marcusmillichap.com. Retrieved 2022-02-15.
- ^ "Profile: Marcus & Millichap, Inc". Bloomberg L.P.
- ^ a b Donato-Weinstein, Nathan (December 3, 2015). "Marcus & Millichap expanding Institutional Property Advisors into office/industrial". American City Business Journals.
- ^ Metcalf, Tom; Brandt, Nadja (June 1, 2015). "Bay Area Broker Becomes Billionaire on Sub $10 Million Listings". Bloomberg News.
- ^ "Marcus & Millichap, Inc. 2020 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ "Marcus & Millichap aims for bigger piece of property-sales pie with new institutional focus". American City Business Journals. December 3, 2015.
- ^ "New Leadership, Renewed Energy".
- ^ "Marcus & Millichap expands Canadian presence". Reminetwork.com. September 10, 2018.
- ^ "Marcus & Millichap Expands Footprint in Canada, Again". connectcre.com. October 10, 2018.
- ^ "Marcus & Millichap, Inc. Completes Cross-Border Acquisition Of Form Real Estate Advisors Inc". Mondaq. November 10, 2019.
- ^ "Marcus & Millichap Acquires Metropolitan Capital Advisors". sfvbj.com. April 1, 2020.
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