Marcus & Millichap reports developments tied to its commercial real estate services business, including investment sales, financing, research and advisory work for sellers and buyers of income-producing property. Company updates commonly cover brokerage commissions, financing fees, Private Client activity, Middle Market and Larger Transaction Market activity, and transaction volume across changing lending and pricing conditions.
News also includes property-level sale and financing announcements from Institutional Property Advisors and IPA Capital Markets, with recurring coverage of multifamily, student housing, retail, industrial and other commercial assets in U.S. and Canadian markets.
Marcus & Millichap (NYSE: MMI) will report third-quarter 2026 financial results on November 6, 2026, before the market opens.
The quarter ended September 30, 2026. CEO Hessam Nadji and CFO Steve DeGennaro will host a results webcast and conference call that day at 10:30 a.m. Eastern Time. The webcast will be archived on the company's investor relations website.
Marcus & Millichap (MMI) has named Defease With Ease | Thirty Capital a preferred partner for debt management services.
The relationship gives clients and investment professionals access to specialized resources for evaluating debt options, interest rate risk and prepayment costs in property sales and refinancing. It complements the financing capabilities of Marcus & Millichap Capital Corporation and IPA Capital Markets. The Preferred Partner Program connects clients with third-party services that complement the firm's existing capabilities.
Marcus & Millichap (MMI), through its Institutional Property Advisors division, brokered the $204.75 million sale of The Grad San Jose student housing property.
The asset comprises 260 units and 1,035 beds near San Jose State University in San Jose, California. IPA represented sellers AMCAL, Swenson and Tikehau Capital and procured the buyer, a joint venture between Coastal Ridge Real Estate and Brookfield. Completed in 2020, the 19-story property stands one block from the university, where enrollment reached nearly 41,000 students in fall 2026.
Marcus & Millichap (NYSE: MMI), through its IPA Capital Markets division, arranged $50 million in financing for an industrial portfolio.
The portfolio comprises 18 properties across Texas, Oklahoma and Georgia. The non-recourse loan has a five-year term, a 70% loan-to-value ratio, meaning the loan equals that share of the property's value, and a 6.75% interest rate. Payments are interest-only throughout the loan term. Frank Montalto, managing director, and Ethan Splan, director, both based in the firm's Chicago office, arranged the financing.
Marcus & Millichap (MMI) has expanded its Preferred Partner relationship with Brown & Brown (BRO) into Canada for commercial real estate investors. Marcus & Millichap clients and investment professionals in Canada will gain streamlined access to Brown & Brown’s insurance and risk services, including insurance placement, specialty risk consulting, portfolio analysis and due diligence.
The expansion is part of Marcus & Millichap’s Preferred Partner Program, which connects clients and investment professionals with specialized service providers. Marcus & Millichap has operated in Canada since 2013; Brown & Brown’s Canadian operations support customers nationwide.
Marcus & Millichap (NYSE: MMI), through its Institutional Property Advisors division, brokered the $72 million sale of The Groves Apartments in Kent, Washington. The 366-unit multifamily property's sales price equates to $196,721 per unit. IPA represented seller RISE Properties and procured buyer FPA Multifamily.
Built in 1980 on over 20 acres, the property comprises 30 residential buildings. Since acquiring the asset in 2019, the seller modernized approximately 68% of the apartments and upgraded community amenities and common areas.
Marcus & Millichap (MMI) brokered the $58.7 million sale of a 260-unit Phoenix apartment property through its Institutional Property Advisors division.
Ascend at Black Canyon sold for $225,769 per unit. D.R. Horton was the seller, and Millburn & Company was the buyer. IPA's Steve Gebing and Cliff David represented the seller and procured the buyer.
The property was completed in 2024 on more than 10 acres in Phoenix's Deer Valley area. It has one-, two- and three-bedroom apartments and is near Interstate 17/Black Canyon Freeway.
Marcus & Millichap (MMI), through Institutional Property Advisors, brokered the sale of the 524-unit Griffis North Creek property in Bothell, Washington. IPA represented seller Griffis Residential and procured buyer GID.
The property spans nearly 50 acres and comprises 23 three-story buildings built in 1999. Griffis Residential completed renovations to 43% of the units and common areas. IPA said GID intends to continue renovations at the property. The apartments have one, two or three bedrooms and average 835 square feet.
Marcus & Millichap (MMI), through its IPA Capital Markets division, arranged $43 million in construction financing for Lyra Palmetto Bay, an eight-story, 192-unit multifamily project in Palmetto Bay, Florida. The development targets renters earning 80%-120% of area median income under Florida’s Live Local Act and is sponsored by a joint venture between Ora Development Group and Conconcreto. The 274,063-square-foot property at 17210 Homestead Avenue will offer one- to three-bedroom units, extensive amenities, and a 224-space parking garage. Construction began in July 2026 and is expected to complete in December 2027, with direct access to the South Dade TransitWay and connections to Metrorail.
Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap (MMI), arranged a $53 million, three-year, nonrecourse refinancing for The Grove, a build-to-rent multifamily property in Rogers, Arkansas.
The financing, secured for a joint venture between Brittenum Group and Realty Capital Partners, repays the borrower’s construction loan ahead of maturity and, in the company’s words, gives time to season the rent roll and prepare the asset for a potential sale. Built in 2024, The Grove is a 235-unit Class A community that is 94.5% occupied, with 123 detached single-family-style cottages and 112 attached townhome-style residences, and offers amenities such as a resort-style pool, 24-hour fitness center, golf simulator, clubhouse with co-working space, community kitchen, package lockers and a pickleball court.
In 2025, MMCC closed 1,659 financing transactions totaling $11.9 billion, while Marcus & Millichap handled 8,818 transactions with a sales volume of $50.8 billion.