Marcus & Millichap
| Public (NYSE: MMI) | |
| Industry | Commercial Real Estate Brokerage |
| Founded | 1971 |
| Founder | George M. Marcus, William A. Millichap |
| Headquarters | Calabasas, California, U.S. |
Number of locations | 79 |
Area served | North America |
Key people | Heesam Nadji, President & CEO |
| Services | Investment sales, financing, research, advisory services |
Number of employees | 1,800[1] |
| Website |
www |
Marcus & Millichap is a commercial real estate brokerage firm. The company specializes in selling and arranging financing for large shopping centers, office buildings,[2] apartment buildings,[3] and hotel properties. Its headquarters are in Calabasas, California.[4] 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.[2]
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.[3]
The firm appeared in InformationWeek's annual Elite 100 in 2014, the ninth consecutive appearance the company has made on the InformationWeek rankings.[5]
Marcus & Millichap also publishes research about the commercial real estate market, including an index of apartment building prices known as the National Apartment Index.[3]
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.[6]
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.[7][8][9]
References
- ↑ "Marcus & Millichap 10-K".
- 1 2 "M&M Closes $44M in Strip Center Sales". Retail Traffic Magazine. 11 July 2011. Retrieved 11 July 2011.
- 1 2 3 Steve Berges (2004), The complete guide to buying and selling apartment buildings, John Wiley and Sons, p. 10, ISBN 978-0-471-68405-3
- ↑ "Calabasas, California - Corporate Headquarters." Marcus & Millichap. Retrieved on November 23, 2012. "23975 Park Sorrento Suite 400 Calabasas, CA 91302"
- ↑ "InformationWeek Elite 100".
- ↑ Daniel J. Sernovitz (5 August 2013). "Marcus & Millichap settles suit with Greysteel, says it 'regrets' suing the firm - Washington Business Journal". Washington Business Journal.
- ↑ http://cdn.ca9.uscourts.gov/datastore/opinions/2014/05/07/12-16526.pdf
- ↑ "State investigates Marcus Millichap". The Real Deal New York. 25 February 2009.
- ↑ "Marcus & Millichap - Glen Kunofsky - RICO". The Real Deal New York. 3 April 2012.