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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.

News
Institutional Property Advisors Closes $106.65 Million Multifamily Asset Sale in California’s San Fernando Valley
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%
Tags
none
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News
Marcus & Millichap’s Military Bridge to Brokerage Spearheads Legislation to Help Veterans
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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none
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News
Marcus & Millichap, Inc. to Report Third Quarter 2023 Financial Results on Friday, November 3, 2023
Rhea-AI Summary
Marcus & Millichap to report Q3 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.52%
Tags
conferences earnings
News
Institutional Property Advisors Brokers $80 Million Puget Sound Multifamily Asset Sale
Rhea-AI Summary
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Waters Edge, a 304-unit multifamily asset in Kent, Washington for $80 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.14%
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none
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News
Institutional Property Advisors Releases Special Florida Renter Report
Rhea-AI Summary
Florida's Apartment Renter Evolution report highlights strong demand for apartments in the state, with average household annual income of new move-ins at $123,400, 27% above the US mean. Base of apartment renter households in Florida is growing rapidly, up 7.7% from early 2020. Job growth in high-paying industries has doubled the historical norm, aided by affluent households from the Northeast region. North and Central Florida offer value perception compared to expensive markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.62%
Tags
none
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News
Marcus & Millichap Brokers $84.75 Million Multifamily Asset Sale in Raleigh-Durham
Rhea-AI Summary
Marcus & Millichap announces sale of Kelby Farms for $84.75 million in Durham, NC
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
Tags
none
News
$112 Million Multifamily Asset Sale and Financing Brokered by Institutional Property Advisors
Rhea-AI Summary
IPA division of Marcus & Millichap sells Aiya multifamily asset in Gilbert, Arizona for $112 million
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
Tags
none
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News
Institutional Property Advisors Leads Multifamily Brokerage Sales in Dallas-Fort Worth
Rhea-AI Summary
IPA closes 15 multifamily asset sales worth $860M in DFW, with $1.6B under contract or in escrow. Market remains active due to investor confidence in Texas multifamily properties. Bid lists stronger but buyers more selective due to market volatility. Construction volume down 72% in Q2 2023. Building in DFW challenging, but demand for apartments remains high. Potential for strong operational run in 2025-2027.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.22%
Tags
none
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News
Institutional Property Advisors Releases National Multifamily Construction Report
Rhea-AI Summary
Multifamily construction starts are cooling as access to development capital diminishes and rent growth slows, according to a report by Institutional Property Advisors. In the second quarter of 2023, building starts in the 15 major markets accounted for less than half the average volume of the previous two years. The largest declines are seen in Texas, with project initiations in Houston, Austin, and Dallas-Fort Worth at less than one-third of earlier volume. Slowdowns are also pronounced in Philadelphia, Denver, and Washington, D.C. However, markets in Florida and the Carolinas are experiencing a slower pullback in construction. Apartment delivery volumes are expected to decrease notably in the last half of 2025. Rent growth is projected to regain momentum in spring 2024, and price increases should be robust in 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.77%
Tags
none
News
Institutional Property Advisors Releases Texas Multifamily Construction Report
Rhea-AI Summary
Apartment construction starts in Dallas-Fort Worth, Houston, Austin, and San Antonio plunged to 6,500 units during Q2 2023, compared to an average of 22,800 units over the previous nine quarters. However, ongoing construction is still near all-time highs, with 174,700 units under construction in the primary markets. Renter demand rebounded, with over 17,000 apartments absorbed in the first half of 2023. Dallas-Fort Worth has the most apartments under construction in the U.S., with 72,900 units.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.76%
Tags
none
Stock MMI logo
Marcus & Millichap Inc

NYSE:MMI

MMI Rankings

#2257 Ranked by Market Cap
#3559 Ranked by Stock Gains
#1587 Ranked by Dividends

MMI Stock Data

1.25B
23.91M
3.28%
101.16%
2.01%
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.