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(MMI) - Recap: Marcus & Millichap Q4 Earnings

Shares of Marcus & Millichap (NYSE:MMI) moved higher in after-market trading after the company reported Q4 results.
Quarterly Results
Earnings per . ....

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Marcus & Millichap Inc. Announces Advance In Q4 Bottom Line

BERLIN (dpa-AFX) - Marcus & Millichap Inc. (MMI) reported a profit for its fourth quarter that advanced from last year.The company's bottom line totaled $23.62 million, or $0.59 per share. This ....

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Institutional Property Advisors Negotiates $80.75 Million Apartment Complex Sale in Portland, Oregon

Press release content from Business Wire. The AP news staff was not involved in its creation.
Institutional Property Advisors Negotiates $80.75 Million Apartment Complex Sale in Portland, Oregon
January 27, 2021 GMT
PORTLAND, Ore. (BUSINESS WIRE) Jan 26, 2021
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Sunset Summit, a 261-unit multifamily property in the West Hills neighborhood of Portland, Oregon. The property sold for $80.75 million, which equates to $309,387 per unit.
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“The sale represents the first time the property has traded hands in over 25 years. Sunset Summit is a unique asset, featuring low-density construction with views of the Tualatin Valley from most units,” said Anthony Palladino, IPA vice president. Palladino and IPA’s Giovanni Napoli, Philip Assouad, Ryan Dinius, and Sidney Warsinske represented the seller, BPM Real Estate Group. The buyer is Prime Res ....

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Matthew Luchs Named Chief Operating Officer for Marcus & Millichap's Encino Office | San Fernando Valley Business Journal

Marcus & Millichap s Matthew Luchs.
Calabasas-based real estate brokerage Marcus & Millichap Inc. has announced that Matthew Luchs has joined its Brandon Michaels Group as chief operating officer.
Based out of Marcus & Millichap’s Encino office, Luchs will be responsible for brokerage team management, agent training, team growth, branding and the implementation and oversight of a leasing and management division, according to a company announcement.
“I cannot begin to explain how thrilled we are to have Matthew join our team,” Brandon Michaels said in a statement. “Integrating a top-tier senior-level agent with extensive brokerage and management experience is a game changer.”
Luchs has served as regional manager for one of Marcus & Millichap’s top producing offices. As a regional manager, Luchs saw sales growth in excess of $1 billion annually and managed more than 50 investment professionals. ....

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ADDING MULTIMEDIA Tanenbaum Equity Partners, Gardner Tanenbaum Subsidiary, Acquires CoreCivic National GSA Portfolio

Press release content from Business Wire. The AP news staff was not involved in its creation.
ADDING MULTIMEDIA Tanenbaum Equity Partners, Gardner Tanenbaum Subsidiary, Acquires CoreCivic National GSA Portfolio
January 8, 2021 GMT
TANENBAUM EQUITY PARTNERS, GARDNER TANENBAUM SUBSIDIARY, ACQUIRES CORECIVIC NATIONAL GSA PORTFOLIO (Photo: Business Wire)
OKLAHOMA CITY & DALLAS (BUSINESS WIRE) Jan 7, 2021
Tanenbaum Equity Partners (TEP), a subsidiary of Oklahoma City-based Gardner Tanenbaum, has acquired the CoreCivic National GSA Portfolio. The portfolio consists of 42-federally leased properties located in 11-states and totals more than 573,000 square feet. The total acquisition price has been confirmed as $106,500,000 before closing costs and construction capital reserves. ....

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