Welcome to our dedicated page for MARCUS & MILLICHAP news (Ticker: $MMI), a resource for investors and traders seeking the latest updates and insights on MARCUS & MILLICHAP stock.
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Marcus & Millichap, Inc. reported its first quarter results for 2024, showcasing total revenue of $129.1 million and a net loss of $10.0 million. The company faced a decrease in revenue attributed to a lower number of transactions due to market challenges. Despite this, it remains strategically positioned to navigate the current environment and leverage its talent pool and technology to create long-term value for shareholders.
Marcus & Millichap, a leading commercial real estate brokerage firm, released a research report on cold storage properties. The report highlights the increasing demand for temperature-controlled storage facilities due to the rise in online grocery sales. Cold storage spaces are important for climate-sensitive goods like food and pharmaceuticals, with projected growth in demand driven by online grocery spending and population migration. The report emphasizes the role of cold storage in the exportation of agricultural products internationally. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion.
