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Marcus & Millichap Inc - MMI STOCK NEWS

Welcome to our dedicated news page for Marcus & Millichap (Ticker: MMI), a resource for investors and traders seeking the latest updates and insights on Marcus & Millichap.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Marcus & Millichap's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Marcus & Millichap's position in the market.

Rhea-AI Summary
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), announced the sale of Atrium on James, a 300-unit multifamily asset in Kent, Washington, for $60.5 million. The property was sold for $201,667 per unit. The buyer, FPA Multifamily LLC, purchased the asset on behalf of its Opportunity Fund VIII, which has acquired $1.5 billion of assets. Atrium on James was built in 1989 on 21.5 acres and offers various amenities, including a large clubhouse, outdoor swimming pool, leasing office, resident lounge, business center, fitness center, playground, and sports court. The property is strategically located near suburban amenities and employment hubs, making it an attractive investment opportunity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.29%
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Rhea-AI Summary
Marcus & Millichap (NYSE:MMI) announced the sale of Alta Cooley Station, a 248-unit, mid-rise multifamily property in Cooley Station, Gilbert, Arizona, for $80 million, averaging $322,581 per unit. The property achieved one of the strongest multifamily lease-ups in Gilbert's history, with strong demographic profiles and proximity to major employment areas. The seller was Wood Partners, and the buyer was a private California-based individual.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.44%
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Rhea-AI Summary
Institutional Property Advisors (IPA), a division of Marcus & Millichap (MMI), facilitated the $171.25 million sale of a 399-unit multifamily portfolio in Thousand Oaks, California. The properties, Los Robles Apartments and The Retreat at Thousand Oaks, represent 11% of the total market-rate housing stock in Thousand Oaks. FPA Multifamily acquired the assets on behalf of their Core Plus Fund V, which has acquired $1.9 billion of assets. The properties received $19 million in capital improvements over the last eight years to become premier luxury multifamily communities in the submarket.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.81%
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Rhea-AI Summary
Marcus & Millichap (NYSE:MMI) has made an equity investment in EquityMultiple, a New York-based real estate financing and investment technology platform. The partnership aims to provide sponsors and operators with supplemental private capital financing sources and offer accredited investors streamlined access to unique real estate equity and credit opportunities. This investment expands MMI's array of capital sources and solutions, creating synergies to facilitate the acquisition, recapitalization, and restructuring needs of any commercial real estate transaction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.34%
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partnership
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Rhea-AI Summary
Institutional Property Advisors (IPA), a division of Marcus & Millichap (MMI), has published a special new report on the Bay Area Multifamily market. The report highlights the investment appeal and performance potential of the San Francisco Bay Area's multifamily sector, emphasizing strong employment, exorbitant single-family home prices, and limited supply of new apartments. Key indicators include a national premium to buy a median-priced single-family home versus rent, 17,400 units under construction, and a strong concentration of high-paying jobs in Northern California.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.43%
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Rhea-AI Summary
Institutional Property Advisors (IPA), a division of Marcus & Millichap (MMI), announced the sale of Parc Broadway, a 324-unit multifamily property in Tempe, Arizona, for $100.25 million. The asset traded for $309,414 per unit. IPA Capital Markets arranged $65.16 million in acquisition financing. The property is located in North Tempe’s Maker District, an Opportunity Zone and has 95% average physical occupancy over the last five years. The seller, Evergreen Devco, Inc., was represented by IPA executive managing directors Steve Gebing and Cliff David, while the buyer, MG Properties, was procured by the same team. The property was built in 2023 on nine acres and offers open-concept apartment homes with various amenities, including a fitness center, swimming pool, and electric vehicle charging stations.
Rhea-AI Impact
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Rhea-AI Summary
Marcus & Millichap (NYSE: MMI) announces a strategic partnership with Archer, a real estate technology company, including an equity investment. Archer's software platform accelerates market analysis and underwriting processes, leveraging machine-learning algorithms for property financials. The partnership aims to make real estate transactions more efficient through better data, technology, and local expertise.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.79%
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partnership
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Rhea-AI Summary
Marcus & Millichap, a leading national brokerage firm specializing in commercial real estate investment sales, reported its third quarter results. Total revenue for Q3 2023 was $162.0 million, compared to $323.8 million in Q3 2022. Net loss for Q3 2023 was $9.2 million, compared to net income of $21.4 million in Q3 2022. The company's earnings were impacted by lower revenue and expenses related to growth initiatives. Despite the challenges, Marcus & Millichap remains focused on client relationships and building for the long term.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.01%
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earnings
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Rhea-AI Summary
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Summerset Village, a 280-unit multifamily property in Chatsworth, California. The sale price was $106.65 million, equating to $380,893 per unit. The submarket has experienced 25% rent growth over the last 24 months while maintaining occupancy over 96%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.31%
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Rhea-AI Summary
Marcus & Millichap has successfully helped expedite the real estate license process for military service members participating in the SkillBridge program. The legislation, Assembly Bill 883, was signed into law by Governor Newsom on October 7. The company's Military Bridge to Brokerage Program aims to integrate veterans into the civilian workforce and provide them with rewarding post-military careers in commercial real estate.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.33%
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Marcus & Millichap Inc

NYSE:MMI

MMI Rankings

MMI Stock Data

1.32B
23.91M
3.28%
101.11%
2.69%
Offices of Real Estate Agents and Brokers
Real Estate and Rental and Leasing
Link
US
Calabasas

About MMI

since 1971, marcus & millichap (nyse: mmi) has been the premier provider of investment real estate brokerage services, including investment sales, financing, research and advisory services. the foundation of our investment sales is the depth of our local market knowledge. our history of maintaining investor relationships in local markets enables us to be the best information source and transaction service provider throughout the united states and canada.