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 (MMI), through its Institutional Property Advisors (IPA) division, brokered the sale of two Oregon multifamily properties, Oak Vale in Corvallis and Anjou Club in Talent, for a combined $83 million.
Oak Vale is a 257-unit, 31-building community on more than 16 acres near Oregon State University, while Anjou Club comprises 181 units across 22 buildings on nearly 14 acres near Southern Oregon University. IPA represented the seller, Bender Equities, and procured the buyer, Verdant Development Inc. The company highlights strong investor demand for well-located multifamily assets in established Pacific Northwest markets and notes limited new supply as a supportive factor.
Marcus & Millichap (MMI), through its IPA Capital Markets division, arranged a $75.1 million mid-construction recapitalization for The Monroe Hotel, an 89-key luxury boutique hotel under redevelopment at 3010 Collins Ave. in Miami Beach’s Faena District.
The capital stack combines four sources: $44 million in C-PACE financing from Nuveen Green Capital, $24.8 million in construction debt from City National Bank, $6.3 million in bridge financing from Midland States Bank, and historic tax credit equity financing from PNC Bank. The Monroe has a total project cost of $125.5 million and is scheduled to open in 2027 with 15 suites, multiple dining and bar venues, a rooftop event space, recording studio, pool and deck, private beach service, and a full-service spa and fitness center.
Marcus & Millichap (MMI), through its IPA Capital Markets division, arranged $40.3 million in non-recourse bridge financing for Birwood Heights, a 312-unit apartment community in San Antonio, Texas.
The loan, secured on behalf of a private client, has a three-year initial term, proceeds sized to 80% stabilized loan-to-value, and a 6.45% stabilized debt yield. Lenders provided nine floating-rate and six fixed-rate quotes, which the company said reflects strong lender interest in newer-vintage Sunbelt multifamily assets.
Birwood Heights, delivered in March 2019, offers one- to three-bedroom units with modern finishes and extensive amenities, and is located near major employment, education, medical, and retail hubs in Northwest San Antonio.
Marcus & Millichap (NYSE: MMI) reported second quarter 2026 revenue of $202.9 million, up 17.8% year over year, driven by an 18.1% increase in brokerage commissions to $167.0 million and a 15.3% rise in financing fees to $30.3 million.
Pre-tax income improved by $10.0 million to $6.3 million, with net income of $3.9 million or $0.10 per diluted share versus a prior-year loss. Adjusted EBITDA climbed to $12.1 million. For the first six months of 2026, revenue grew 18.0% to $374.4 million and net income was $0.8 million.
The board declared a $0.25 semi-annual dividend, and the company repurchased 912,957 shares for $23.9 million year-to-date, with approximately $90.1 million remaining under its buyback program. Management cites improving CRE transaction activity but notes ongoing macro and market volatility.
Marcus & Millichap (NYSE: MMI), through its Institutional Property Advisors (IPA) division, brokered the $90.5 million sale of Ponte Verde at Palm Beach Lakes, a 400-unit condominium community in West Palm Beach, Florida, to New Jersey-based Kamson Corp. The transaction is described as one of the largest condominium-to-multifamily rental conversions in Florida and involved a complex condominium termination and deconversion process managed with the Ponte Verde condominium association and the Condominium Advisory Group. The gated, 24-building, garden-style property averages 901 square feet per unit and features amenities including two pools, racquetball courts and a clubhouse. Marcus & Millichap reports closing 8,818 transactions totaling $50.8 billion in 2025.
Marcus & Millichap (NYSE: MMI) announced that its Board of Directors has declared a regular semi-annual cash dividend of $0.25 per share, totaling approximately $10.0 million. The dividend is payable on October 6, 2026 to shareholders of record as of September 15, 2026. According to the company, any future dividends will remain subject to Board review and approval.
Marcus & Millichap (NYSE: MMI) announced that Deferred, a technology-powered qualified intermediary, has joined its Preferred Partner Program to provide 1031 exchange solutions for commercial real estate investors. The relationship is intended to give clients streamlined access to Deferred’s exchange platform, educational resources, and experienced professionals to help preserve capital, defer taxes, and execute reinvestment strategies more efficiently.
According to Marcus & Millichap, the firm closed 8,818 transactions with $50.8 billion in sales volume in 2025 and had 1,808 investment sales and financing professionals across more than 80 offices in the United States and Canada at year-end.
Marcus & Millichap (NYSE: MMI) will report its financial results for the second quarter ended June 30, 2026 on Thursday, August 6, 2026, before the market open. A webcast and conference call to discuss the results will be held at 10:30 a.m. Eastern Time, led by President and CEO Hessam Nadji and CFO Steve DeGennaro.
The live webcast will be available via the Investor Relations section of the company’s website and archived afterward. Dial-in and replay options are provided for U.S., Canadian, and international participants, with the replay accessible through August 20, 2026.
Marcus & Millichap (NYSE: MMI) announced that its IPA Capital Markets division has hired Ryan Demadis as managing director in the Boston office, reporting to Eastern region head of production, Marc Sznajderman. Demadis has closed over $1 billion in debt and equity financings across industrial and multifamily properties, with expertise in ground-up construction and structured transactions.
He joins from Northmarq, where he served as senior vice president for more than a decade, and earlier worked in office leasing and investment sales at RM Bradley. Marcus & Millichap reported 8,818 transactions and $50.8 billion in 2025 sales volume, supported by 1,808 professionals in over 80 offices across the U.S. and Canada.
Marcus & Millichap (NYSE: MMI) announced the brokerage of the sale of Palm Court Apartments, a 132‑unit multifamily property in Los Angeles’ Miracle Mile, for $51.25 million, or $388,258 per unit. Marcus & Millichap’s Jeff Louks, Gayle Factor, and Elliot Sabag represented the private seller, while Matt Ziegler, Louks, Factor, and Sabag procured the buyer, Prime Residential.
Built in 1988, Palm Court offers one‑, two‑, and three‑bedroom units with upgraded interiors and amenities including gated parking, a heated pool and spa, fitness center, saunas, rooftop sundeck, and floor‑by‑floor laundry. According to Marcus & Millichap, the deal reflects ongoing demand for core Los Angeles multifamily assets.