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m Updated the number of office locations to the correct number and number of employees to reflect the correct numbers. Also, I would added more accurate and present information about the company with the proper citation.
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| industry = Commercial [[Real Estate]] Brokerage
| industry = Commercial [[Real Estate]] Brokerage
| services = Investment sales, financing, research, advisory services
| services = Investment sales, financing, research, advisory services
| num_employees = 1,600
| num_employees = 1,800<ref>{{cite web | url=http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001193125%2D14%2D110596%2Etxt&FilePath=%5C2014%5C03%5C21%5C&CoName=MARCUS+%26+MILLICHAP%2C+INC%2E&FormType=10%2DK&RcvdDate=3%2F21%2F2014&pdf= | title=Marcus & Millichap 10-K}}</ref>
| homepage = {{URL|http://www.MarcusMillichap.com/}}
| homepage = {{URL|http://www.MarcusMillichap.com/}}
| foundation = 1971
| foundation = 1971
| location_city = [[Calabasas, California|Calabasas]], [[California]]
| location_city = [[Calabasas, California|Calabasas]], [[California]]
| location_country = [[United States|U.S.]]
| location_country = [[United States|U.S.]]
| locations = 79
| locations = 81
}}
}}
'''Marcus & Millichap (NYSE: MMI)''' is a commercial real estate investment firm specializing in investment sales, financing, research and advisory services. The company has over 1600 investment sales and financing professionals located throughout the United States and Canada. Its headquarters are in Calabasas, California. The firm closed over 8,700 transactions in 2015 with a value of approximately $37.8 billion.<ref>{{Cite web|url=http://www.tampabaynewswire.com/2016/08/24/marcus-millichap-arranges-the-sale-of-a-27-unit-apartment-community-48386|title=Marcus & Millichap Arranges the Sale of a 27-Unit Apartment Community|date=2016-08-24|website=Tampa Bay News Wire|access-date=2016-09-26}}</ref>
'''Marcus & Millichap''' is a commercial real estate brokerage firm. The company specializes in selling and arranging financing for large shopping centers, office buildings,<ref name=rtm/> apartment buildings,<ref name=berg/> and hotel properties. Its headquarters are in [[Calabasas, California]].<ref>"[http://www.marcusmillichap.com/offices/Calabasas Calabasas, California - Corporate Headquarters]." Marcus & Millichap. Retrieved on November 23, 2012. "23975 Park Sorrento Suite 400 Calabasas, CA 91302"</ref> It is one of the largest real estate investment services companies in the United States and has over 70 offices across the U.S. and Canada.<ref name=rtm>{{cite news|title=M&M Closes $44M in Strip Center Sales|url=http://retailtrafficmag.com/deals/federal_closes_credit_facility_07112011/|accessdate=11 July 2011|newspaper=Retail Traffic Magazine|date=11 July 2011}}</ref>


Marcus & Millichap has 16 product specialty divisions: apartment, retail multitenant, retail single tenant, office, industrial, affordable housing, student housing, seniors housing, manufactured housing, medical office, self-storage, hospitality, golf & resorts, land, Marcus & Millichap Capital Corp. (MMCC), and Institutional Property Advisors (IPA).<ref>{{Cite web|url=http://www.marcusmillichap.com/properties/product-speciality-divisions|title=Marcus & Millichap - National Specialty Divisions|website=www.marcusmillichap.com|access-date=2016-09-26}}</ref>
Marcus & Millichap also publishes research about the commercial real estate market. It has devised an index of apartment building prices known as the National Apartment Index.<ref name=berg>{{citation|author=Steve Berges|title=The complete guide to buying and selling apartment buildings|url=http://books.google.com/books?id=E8tP8SoBbKQC&pg=PA10|year=2004|publisher=John Wiley and Sons|isbn=978-0-471-68405-3|page=10}}</ref>


== Institutional Property Advisors (IPA)<nowiki/> ==
The firm appeared in ''InformationWeek''<nowiki/>'s annual Elite 100 in 2014, the ninth consecutive appearance the company has made on the InformationWeek rankings.<ref>{{cite web | url=http://www.informationweek.com/2014-informationweek-elite-100-winners/d/d-id/1127899| title=InformationWeek Elite 100}}</ref>
IPA, a division of Marcus & Millichap, was created in 2010 to support institutional and major private investors.<ref>{{Cite web|url=http://www.bizjournals.com/sanjose/news/2015/12/03/marcus-millichap-aims-for-bigger-piece-of-property.html|title=Marcus & Millichap expanding Institutional Property Advisors into office/industrial - Silicon Valley Business Journal|access-date=2016-09-26}}</ref> It is centered on a national network of institutionally qualified professionals and supported by a technology platform and research.

== Marcus & Millichap Research Services ==
Marcus & Millichap’s Research Services division provides market research and real-time market intelligence to clients. The division produces about 900 research products<ref>{{Cite web|url=http://markets.on.nytimes.com/research/stocks/news/press_release.asp?docTag=201607141624BIZWIRE_USPRX____BW6345&feedID=600&press_symbol=68736945|title=Marcus & Millichap Hires Jay Lybik as Vice President, Research Services - New York Times|website=markets.on.nytimes.com|access-date=2016-09-26}}</ref> annually by property type and local markets. Research service products include market studies, forecasts, and presentations that focus on trends relevant to the real estate investment market.

== Marcus & Millichap Capital Corporation (MMCC) ==
Marcus & Millichap Capital Corporation (MMCC) is a financing subsidiary of Marcus & Millichap. MMCC provides capital markets products for a variety of investment properties, including apartments, shopping centers, office buildings, industrial facilities, single tenant net-lease properties, seniors housing, hotels/motels, manufactured home communities and self-storage facilities<ref>{{Cite web|url=http://citybizlist.com/article/366431/45-million-retail-portfolio-loan-arranged-by-marcus-millichap-capital-corp|title=citybizlist : Citybizlist : $4.5 Million Retail Portfolio Loan Arranged By Marcus & Millichap Capital Corp.|website=citybizlist.com|access-date=2016-09-26}}</ref>. In 2015, MMCC closed approximately 1,600 commercial real estate financing transactions valued at $4.9 billion<ref>{{Cite web|url=https://finance.yahoo.com/news/marcus-millichap-inc-reports-results-210500799.html|title=Marcus & Millichap, Inc. Reports Results for Full-Year and Fourth-Quarter 2015|access-date=2016-09-26}}</ref>.


==Lawsuits==
==Lawsuits==
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{{Portal|Greater Los Angeles|Companies}}
{{Portal|Greater Los Angeles|Companies}}
* [http://www.marcusmillichap.com Marcus & Millichap]
* [http://www.marcusmillichap.com Marcus & Millichap]
* [http://www.institutionalpropertyadvisors.com/ Institutional Property Advisors (IPA)]
* Marcus & Millichap Capital Corp. (MMCC)<ref>{{Cite web|url=http://www.marcusmillichap.com/financing|title=Marcus & Millichap - Financing|website=www.marcusmillichap.com|access-date=2016-09-26}}</ref>


{{DEFAULTSORT:Marcus and Millichap}}
{{DEFAULTSORT:Marcus and Millichap}}
[[Category:Calabasas, California]]
[[Category:Calabasas, California]]
[[Category:Companies based in California]]
[[Category:Companies based in California]]
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Revision as of 18:06, 26 September 2016

Marcus & Millichap
Company typePublic (NYSE: MMI)
IndustryCommercial Real Estate Brokerage
Founded1971
FounderGeorge M. Marcus, William A. Millichap
Headquarters
Calabasas, California
,
U.S.
Number of locations
81
Area served
North America
Key people
Hessam Nadji, President & CEO
ServicesInvestment sales, financing, research, advisory services
Number of employees
1,600
Websitewww.marcusmillichap.com

Marcus & Millichap (NYSE: MMI) is a commercial real estate investment firm specializing in investment sales, financing, research and advisory services. The company has over 1600 investment sales and financing professionals located throughout the United States and Canada. Its headquarters are in Calabasas, California. The firm closed over 8,700 transactions in 2015 with a value of approximately $37.8 billion.[1]

Marcus & Millichap has 16 product specialty divisions: apartment, retail multitenant, retail single tenant, office, industrial, affordable housing, student housing, seniors housing, manufactured housing, medical office, self-storage, hospitality, golf & resorts, land, Marcus & Millichap Capital Corp. (MMCC), and Institutional Property Advisors (IPA).[2]

Institutional Property Advisors (IPA)

IPA, a division of Marcus & Millichap, was created in 2010 to support institutional and major private investors.[3] It is centered on a national network of institutionally qualified professionals and supported by a technology platform and research.

Marcus & Millichap Research Services

Marcus & Millichap’s Research Services division provides market research and real-time market intelligence to clients. The division produces about 900 research products[4] annually by property type and local markets. Research service products include market studies, forecasts, and presentations that focus on trends relevant to the real estate investment market.

Marcus & Millichap Capital Corporation (MMCC)

Marcus & Millichap Capital Corporation (MMCC) is a financing subsidiary of Marcus & Millichap. MMCC provides capital markets products for a variety of investment properties, including apartments, shopping centers, office buildings, industrial facilities, single tenant net-lease properties, seniors housing, hotels/motels, manufactured home communities and self-storage facilities[5]. In 2015, MMCC closed approximately 1,600 commercial real estate financing transactions valued at $4.9 billion[6].

Lawsuits

In July 2012, a lawsuit filed by Marcus & Millichap in Washington, D.C. against Greysteel Co. LLC, a firm started by a former broker, Ari Firoozabadi, was thrown out, with the judge noting that the firm sought to cause economic harm and ruin their opponents. Marcus & Millichap settled the lawsuit and said they “regret” the lawsuit.[7]

In another lawsuit, New York State investigators investigated the company following charges that Glen Kunofsky, senior vice president of investments, and nine other Marcus & Millichap brokers were accused of acting fraudulently and violations of the Racketeer Influenced and Corrupt Organizations Act (RICO). The federal charges were dismissed in 2014 following a 3-year investigation.[8][9][10]

References

  1. ^ "Marcus & Millichap Arranges the Sale of a 27-Unit Apartment Community". Tampa Bay News Wire. 2016-08-24. Retrieved 2016-09-26.
  2. ^ "Marcus & Millichap - National Specialty Divisions". www.marcusmillichap.com. Retrieved 2016-09-26.
  3. ^ "Marcus & Millichap expanding Institutional Property Advisors into office/industrial - Silicon Valley Business Journal". Retrieved 2016-09-26.
  4. ^ "Marcus & Millichap Hires Jay Lybik as Vice President, Research Services - New York Times". markets.on.nytimes.com. Retrieved 2016-09-26.
  5. ^ "citybizlist : Citybizlist : $4.5 Million Retail Portfolio Loan Arranged By Marcus & Millichap Capital Corp". citybizlist.com. Retrieved 2016-09-26.
  6. ^ "Marcus & Millichap, Inc. Reports Results for Full-Year and Fourth-Quarter 2015". Retrieved 2016-09-26.
  7. ^ Daniel J. Sernovitz (5 August 2013). "Marcus & Millichap settles suit with Greysteel, says it 'regrets' suing the firm - Washington Business Journal". Washington Business Journal.
  8. ^ http://cdn.ca9.uscourts.gov/datastore/opinions/2014/05/07/12-16526.pdf
  9. ^ "State investigates Marcus Millichap". The Real Deal New York. 25 February 2009.
  10. ^ "Marcus & Millichap - Glen Kunofsky - RICO". The Real Deal New York. 3 April 2012.
  1. ^ "Marcus & Millichap - Financing". www.marcusmillichap.com. Retrieved 2016-09-26.
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