Marcus & Millichap Inc Stock Price, News & Analysis

CORE PALMETTO announced the sale of Palmetto Plaza, a 186,095-square-foot retail center in Miami Gardens, Florida, on an 11.9-acre site.

The center was acquired in 2021 for $33 million, is anchored by ALDI and Dollar Tree, and had occupancy >95% with a weighted average lease term >4 years, providing limited near-term rollover exposure and stable cash flow. CORE credited active management and targeted leasing for improving performance; Marcus & Millichap represented CORE and procured the buyer. CORE owns and manages approximately 2 million square feet across Florida.

Marcus & Millichap (NYSE:MMI) division IPA Capital Markets arranged a $48.4 million refinance for Britton Commerce Center, a five‑building, Class A industrial park in Oklahoma City on November 11, 2025. The loan was placed for client Gardner Tanenbaum.

Deal terms: a 5‑year credit union loan with a 5.76% fixed rate, 30‑year amortization and 24 months of interest‑only payments. The 560,000 sq ft park is fully leased to national tenants and sits near I‑35 and I‑44, linking Oklahoma City to Tulsa.

Marcus & Millichap (NYSE: MMI) reported Third Quarter 2025 results: total revenue of $193.9M (+15.1% YoY), brokerage commissions of $162.2M (+14.2% YoY) and financing fees of $26.3M (+27.7% YoY). Net income was $0.2M or $0.01 diluted EPS, which includes a $0.08 per-share litigation accrual. Adjusted EBITDA was $6.9M. Nine-month revenue was $511.2M (+12.1% YoY) with a nine-month net loss of $15.2M. The board declared a semi-annual dividend of $0.25 (paid Oct 6, 2025) and repurchased 264,554 shares for $8.0M YTD with ~$59.0M remaining on the repurchase program.

Management cited expanded client outreach, higher transaction counts, stronger private client activity and a supportive financing environment as drivers of results.

Marcus & Millichap (NYSE: MMI) division Institutional Property Advisors announced the sale of The Quincy at Kierland, a 266-unit multifamily community in Scottsdale, Arizona, for $110.25 million (about $414,474 per unit).

Completed in 2024, the asset averaged 17.5 net leases per month since opening, achieved stabilized occupancy in June 2025, and was >98% leased by early July 2025. IPA represented seller Embrey and procured buyer Stockdale Capital Partners. Units average 857 sq ft and the property sits near Loop 101 and Kierland Commons, close to major employers and retail destinations.

Institutional Property Advisors (NYSE:MMI) announced the sale of 9733 Topanga Canyon, a 119-unit multifamily property in Chatsworth, Los Angeles, for $44.0 million (≈$369,748 per unit) on October 30, 2025. IPA represented the seller and procured buyer Amoroso Companies. IPA Capital Markets arranged $27.4 million in agency financing to provide long-term fixed-rate debt and enable a 1031 exchange within a tight timeline. The asset, built in 2009, averages 1,060 sq ft per unit and sits near major employment and retail centers with multifamily occupancy in Chatsworth over 95%.

Pumphouse Residential Group, WeldenField Development and SPM formed a strategic partnership to acquire a premium student housing portfolio serving University of Georgia and Louisiana State University markets on Oct 21, 2025. The portfolio comprises The Lodge of Athens (240 units, 480 beds) and Wildwood Baton Rouge (204 units, 708 beds) for a total of 444 units and 1,188 beds. SPM will provide property management and oversee planned renovation enhancements via SPM Building Services. The Lodge currently operates at 95% occupancy; Wildwood at 98% occupancy. Institutional Property Advisors, a division of Marcus & Millichap (NYSE:MMI), arranged the sale.

Marcus & Millichap (NYSE: MMI) will report third quarter 2025 financial results for the period ended September 30, 2025 on Friday, November 7, 2025 before the market open.

The company will host a webcast and conference call the same day at 10:30 a.m. Eastern Time, hosted by Hessam Nadji, President & CEO, and Steve DeGennaro, CFO. A live webcast will be available via the company's Investor Relations website and archived after the call.

Dial-in details and a telephonic replay will be available for U.S., Canada and international callers; replay runs from 2:30 p.m. ET on November 7, 2025 through 11:59 p.m. ET on November 21, 2025 (passcode 13755737).

Company facts: 1,712 investment sales and financing professionals in >80 offices; 7,836 transactions and $49.6 billion sales volume in 2024.

Marcus & Millichap (NYSE: MMI) Institutional Property Advisors completed the sale of Scottsdale on Main, a 119-unit luxury midrise multifamily asset in Scottsdale, Arizona, for $66.1 million (≈$555,462 per unit) on October 10, 2025.

The buyer was Goodman Real Estate and the seller was Baron Properties. The property, completed in 2024, averages 872 sq ft per unit and features four-over-one podium construction, amenity spaces including a resort pool and rooftop deck, air-conditioned interior corridors, two elevators, and high-end interior finishes.

The asset is located near Scottsdale Fashion Square, the Waterfront, Old Town Scottsdale dining, and entertainment districts.

Marcus & Millichap's (NYSE:MMI) Institutional Property Advisors division has facilitated the $100 million sale of Cypress Point, a 268-unit multifamily property in Ventura, California. The transaction, valued at $373,134 per unit, represents a significant deal in the Ventura market.

The property, built in 1990 and maintained by the original developer, boasts an impressive 97.6% average occupancy rate over the past five years. Cypress Point is one of only four multifamily communities with 250+ units sold in Ventura during the last decade. The property spans 14 acres and features 28 two-story apartment buildings with amenities including a fitness center, clubhouse, and covered parking.