Marcus & Millichap Inc Stock Price, News & Analysis

Marcus & Millichap (NYSE: MMI) has facilitated the sale of Palmetto Plaza, a 186,095-square-foot retail center in Miami Gardens, Florida, for $46 million. The property, owned by CORE PALMETTO, an affiliate of Core Investment Management, was sold after being acquired in 2021 for $33 million, representing a significant return on investment.

The retail center, anchored by ALDI and Dollar Tree, boasts a 95% occupancy rate and a weighted average lease term exceeding four years. Located at 15905-16341 N.W. 57th Ave., the property benefits from prime positioning near the Palmetto Expressway and Miami-Opa Locka Executive Airport. Built in 1987 on an 11.9-acre site, the center features prominent tenants including Regions Bank, Dunkin Donuts, and Bright Star Academy.

Marcus & Millichap (NYSE:MMI) subsidiary IPA Capital Markets has secured $76 million in construction financing for The Monroe, a Class A mixed-use development in Monrovia, California. The project, arranged through Affinius Capital, will feature 232 residential apartments and 7,050 square feet of commercial space.

The development includes flexible loan terms with spread decrease at 25% occupancy and earnout advance at stabilization. The Monroe will offer units ranging from studios to three-bedrooms, with 25 units designated as affordable housing. The property will include 302 residential and 85 public parking spaces, along with amenities such as a gym, pool, spa, clubhouse, and rooftop patio.

Marcus & Millichap Capital Corporation (NYSE:MMI) has secured $91.4 million in construction financing for two multifamily projects in Naples, Florida. The financing package includes $78.9 million in senior debt from Kayne Anderson and $12.5 million in mezzanine financing from SteepRock Capital for Roers Companies.

The projects include the 150-unit Vintana at Vanderbilt apartment property and The Karlyn, a 159-unit active adult community. Both developments, scheduled for completion in 2027, will feature high-end finishes and resort-style amenities. The projects are strategically located near the Ritz-Carlton golf course and Naples beaches, in an area recognized as the No. 1 place to live in the United States.

Marcus & Millichap (NYSE:MMI) reported Q2 2025 financial results, showing revenue growth despite market challenges. Total revenue increased 8.8% to $172.3 million compared to Q2 2024. The company reported a net loss of $11.0 million ($0.28 per share), largely due to a $7.3 million tax provision related to a methodology change.

Key highlights include: Private Client Market revenue up 10.3%, financing fees increased 43.5% to $26.3 million, and brokerage commissions rose 4.4% to $141.4 million. The Board declared a semi-annual dividend of $0.25 per share. The company continued its share repurchase program, with $63.6 million remaining available for future buybacks.

Marcus & Millichap's (NYSE:MMI) Institutional Property Advisors division has brokered the $148.4 million sale of The Venue at Orange, a 328-unit multifamily property in Redlands, California. The transaction, representing $452,439 per unit, marks the first high-quality, stabilized multifamily asset sale in the Inland Empire since 2021.

Completed in 2023, the property achieved rapid lease-up with tenants averaging $135,000 in annual household income. The development features seven three-story buildings with premium amenities and is strategically located near major employers and transportation hubs. IPA's team represented seller LuxView Properties and secured buyer Sentinel Real Estate Corporation in the transaction.

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.