Marcus & Millichap Inc Stock Price, News & Analysis

Marcus & Millichap Capital Corporation (NYSE: MMI) has secured $64 million in construction financing for a mixed-use development project in Rancho Cucamonga, California. The financing, arranged by Ron Balys from MMCC's Orange County office with Parkview Financial, will support the development at 8500 Haven Avenue.

The project encompasses six residential buildings and includes 248 apartment units, ground-floor commercial space, and a retail building. Residents will have access to amenities including a swimming pool, fitness center, pickleball court, clubhouse, on-site laundry, and landscaped outdoor areas.

MMCC, a subsidiary of Marcus & Millichap, demonstrated strong performance in 2024 with 1,249 transactions totaling $9.1 billion. The parent company closed 7,836 transactions with a sales volume of approximately $49.6 billion in 2024.

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm, has announced a regular semi-annual dividend of $0.25 per share, totaling approximately $10.2 million. The dividend will be paid on October 6, 2025, to shareholders of record as of September 15, 2025. The company notes that future dividends will remain subject to Board of Directors' review and approval.

Marcus & Millichap (NYSE: MMI), a leading national commercial real estate brokerage firm, has scheduled its second quarter 2025 financial results announcement for Thursday, August 7, 2025, before market open. The company will host a webcast and conference call at 10:30 a.m. Eastern Time, featuring President and CEO Hessam Nadji and CFO Steve DeGennaro.

As of March 31, 2025, Marcus & Millichap operates with 1,668 investment sales and financing professionals across more than 80 offices. The company demonstrated strong performance in Q1 2025, closing 1,706 transactions with a total sales volume of $9.4 billion.

Marcus & Millichap (NYSE:MMI) has announced that its IPA Capital Markets division has secured $61 million in construction financing for Arbello, a mixed-use development project in San Mateo, California. The five-story property will feature 120 residential units and 29,000 square feet of office space.

The financing was arranged by Brandon Roth, managing director at IPA Capital Markets' Palo Alto office, on behalf of The Martin Group and JPF Capital. The project garnered significant interest, receiving construction financing quotes from six lenders. The development will include amenities such as a coworking space, wellness center, clubhouse, courtyard, and rooftop deck.

Marcus & Millichap reported closing 7,836 transactions with a sales volume of approximately $49.6 billion in 2024, with 1,712 investment sales and financing professionals across more than 80 offices.

Marcus & Millichap (NYSE:MMI) has announced that its Institutional Property Advisors (IPA) division has successfully brokered the sale of a four-property multifamily portfolio in Connecticut for $121 million. The portfolio, comprising 693 units across New Haven, Hartford, and New London counties, was sold by Sun Equity Partners to FPA Multifamily LLC.

The properties include New Cambridge (208 units), Silvertree (180 units), Peppertree (205 units), and Huntington Ridge (100 units), all strategically located near major employers such as General Dynamics Electric Boat, ESPN, and Pfizer. The 100% market-rate suburban portfolio consists of Class B to B+ assets, offering studios, one- and two-bedroom apartments with high occupancy rates and steady rent growth potential.

Marcus & Millichap's IPA Capital Markets division has secured a $77.3 million non-recourse construction loan for Central Port Logistics Tract 3 in Savannah, Georgia. The project, developed by Capital Development Partners (CDP), will comprise three speculative industrial buildings totaling 1,222,560 rentable square feet near the Port of Savannah. The financing was arranged by IPA Capital Markets' Sunny Sajnani and Travis Headapohl. The development is part of the larger Central Port Logistics Center, where CDP has already delivered successful projects including a 982,800-square-foot building leased to Plastic Express and a 1,456,000-square-foot facility nearing stabilization. CDP expects the project to be fully leased and occupied by November 2026.

Marcus & Millichap's (NYSE:MMI) IPA Capital Markets division has secured a landmark $720 million loan for the conversion of former Pfizer headquarters in New York City. The loan, arranged with Madison Realty Capital, will fund the transformation of two connected office buildings into 1,602 luxury rental apartments.

The project, led by Metro Loft Developers and David Werner Real Estate Investments, represents the largest office-to-residential conversion in NYC history. The development will feature 25% affordable housing units, over 100,000 square feet of amenities, and approximately 30,000 square feet of ground-floor retail space. Located at 219 and 235 East 42nd Street in Midtown East, Manhattan, the project is expected to be completed by Q4 2027.

IPA, a division of Marcus & Millichap (NYSE:MMI), has announced the sale of Zaterra, a luxury multifamily property in Chandler, Arizona, for $137.5 million ($350,765 per unit). The 392-unit property, completed in 2023, spans 22 acres and features a low-density design with an average unit size of 1,043 square feet. Located near major employment hubs including Intel's Ocotillo campus and the Price Corridor, Zaterra is one of only nine assets completed in Chandler since 2020. The property offers premium amenities including two swimming pools, a creative suite, 24-hour fitness center, and condominium-style living features. IPA executives Steve Gebing and Cliff David represented the sellers, PB Bell and PCCP, LLC, in the transaction.

Marcus & Millichap's (NYSE:MMI) Institutional Property Advisors (IPA) division has appointed Dags Chen as head of IPA research and strategy. Chen, a chartered financial analyst with nearly two decades of experience and previous roles at Barings, Ares Management, and Clarion Partners, will focus on providing research and analytics for institutional investors. Working alongside John Chang, the firm's chief intelligence and analytics officer, Chen will leverage his experience in guiding strategy for global investment firms to serve multifamily investors and IPA professionals.

In 2024, Marcus & Millichap demonstrated strong market presence with 7,836 transactions totaling approximately $49.6 billion in sales volume. The company maintains a workforce of 1,712 investment sales and financing professionals across more than 80 offices throughout the United States and Canada.