Marcus & Millichap Names New Chief Human Resources Officer

Rhea-AI Summary

Marcus & Millichap (NYSE: MMI) announced the appointment of Mira Wolff as senior vice president and chief human resources officer. With over 25 years of HR management experience, she will lead HR strategies focusing on talent retention, employee engagement, and productivity. President & CEO Hessam Nadji emphasized that her expertise will support MMI's long-term growth and innovation initiatives. The firm, a leader in commercial real estate, closed 8,954 transactions worth approximately $43 billion in 2020, demonstrating its market expertise.

Positive

• Appointment of Mira Wolff as CHRO adds significant HR expertise.
• Wolff's experience in talent retention and employee engagement aligns with MMI's growth strategy.
• Focus on enhancing sales force productivity may lead to improved operational efficiency.

Negative

• None.

CALABASAS, Calif.--(BUSINESS WIRE)-- Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced today that Mira Wolff has joined the firm as senior vice president and chief human resources officer (CHRO). Wolff has over 25 years of experience in human resources management, advising numerous organizations on recruiting and retention of top talent, employee engagement, strategic planning, and technology-based training. Her experience includes all aspects of sourcing, onboarding, and integration involved in over 80 acquisitions.

Mira Wolff (Photo: Business Wire)

Hessam Nadji, president and CEO of Marcus & Millichap, stated: “MMI's long-term growth plan relies heavily on innovations related to training, employee and sales force productivity, engagement, and diversity. Mira's experience in these areas within the insurance industry, which has many similarities to real estate services, in addition to her background in the mortgage and technology industries, is invaluable.”

As CHRO, Wolff will be responsible for all aspects of human resources for the firm and provide leadership and innovation to the company’s sales force, management team, and support staff. She will work closely with the executive team to develop and execute a human resources strategy. “I am very excited for the opportunity to join the Marcus & Millichap team with its distinguished history of maximizing value for its clients,” said Wolff. “I look forward to utilizing my expertise to enhance the firm’s current sales force and management development programs, productivity, and educational tools. My primary focus will be to further engage our sales force and employees at every level, while continuing to foster the world-class work environment that makes Marcus & Millichap an industry leader.”

About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211221005770/en/

Gina Relva, VP of Public Relations

Gina.Relva@marcusmillichap.com

510-999-1284

Source: Marcus & Millichap

FAQ

Who is Mira Wolff in relation to Marcus & Millichap (MMI)?

Mira Wolff has been appointed as the senior vice president and chief human resources officer (CHRO) at Marcus & Millichap.

What is the significance of MMI's appointment of a new CHRO?

The new CHRO, Mira Wolff, is expected to enhance employee engagement and productivity, crucial for MMI's long-term growth.

What was Marcus & Millichap's transaction volume in 2020?

Marcus & Millichap closed 8,954 transactions valued at approximately $43 billion in 2020.

How will Mira Wolff contribute to Marcus & Millichap's growth strategy?

She will focus on talent retention, employee engagement, and enhancing management development programs.