Marcus & Millichap closes USD 58 million sale: what it means for Marcus & Millichap stock
Marcus & Millichap (MMI) recently closed a $58 million multifamily asset sale in North Phoenix, signaling activity in the real estate market. This transaction, alongside strong Q2 2026 revenues of $202.91 million which beat expectations, provides a positive indicator for investors. The company's market capitalization stands at $1.1 billion, and it declared a $0.25 per share dividend.
Marcus & Millichap Arranges Sale of DC Multifamily Property
Marcus & Millichap successfully arranged the sale of a multifamily property located at 6145-6149 Kansas Ave. NE in Washington, D.C.'s Riggs Park neighborhood for $1.3 million. The asset, consisting of three contiguous two-story buildings with a total of 12 one-bedroom units, was marketed by John Slowinski, Ryan Murray, and Marty Zupancic, and the sale was finalized through a Chapter 11 bankruptcy process. This transaction highlights the scarcity of rental properties in the Manor Park and Brightwood submarket, making it a notable investment opportunity.
Marcus & Millichap Arranges $5.89M Sale of 41-Unit Multifamily Property in North Hollywood California
Marcus & Millichap announced the sale of a 41-unit multifamily property at 13103 Barbara Ann Street in North Hollywood, California, for nearly $5.89 million. The property, which had been under the same ownership for over 30 years, was acquired by a San Fernando Valley-based LLC with plans for significant upgrades. The transaction closed at a 5.70 percent cap rate based on in-place income.
Marcus & Millichap Arranges Sale of Multifamily Property in Washington D.C.
Marcus & Millichap has announced the sale of a multifamily property located at 6145-6149 Kansas Ave. NE in Washington, D.C.'s Riggs Park neighborhood for $1.3 million. The sale, completed through a Chapter 11 bankruptcy process, involved 12 one-bedroom units across three buildings. The property was marketed as a rare investment opportunity due to the short supply of multifamily rental properties in the area.
Marcus & Millichap Brokers $9.1M Silicon Valley Trade
Marcus & Millichap's Levin Johnston brokerage team has facilitated the sale of First Street Manor, a 39-unit multifamily community in San Jose, California, for $9.1 million. The transaction involved an undisclosed seller and buyer, with Adam Levin, Robert Johnston, and Cole Simpson representing both parties. The property, built in 1948, offers studio, one-, and two-bedroom units and is conveniently located near the Japantown/Ayer light rail station.
Marcus & Millichap Arranges $7 Million Sale of Retail Center in San Jose, California
Marcus & Millichap has facilitated the $7 million sale of Capital Commercial Center, a 14,479-square-foot retail property in San Jose, California. The fully leased center, built in 1988, is occupied by nine tenants under triple-net leases. Steve Sauter represented the seller, while Bryan DiMesio and Scott Ferguson represented the buyer in the transaction.
Marcus & Millichap Brokers $6 Million Sale of Retail Strip Center in Charlotte, North Carolina
Marcus & Millichap has brokered the $6 million sale of Eastland Promenade, a 26,615-square-foot retail strip center in Charlotte, North Carolina. Built in 1988, the property was fully occupied at the time of sale with 10 retail suites. The buyer was a fund-based private equity group, while the seller was a local family ownership group.
Marcus & Millichap Arranges $14.2M Sale of 71-Unit Multifamily Property in Los Angeles
Marcus & Millichap has announced the $14.2 million sale of Park West Terrace Apartments, a 71-unit multifamily property in Los Angeles. The property, located in the Westwood submarket, sold for $200,000 per unit despite a high concentration of studio units, due to its desirable West Los Angeles location and proximity to major employment and educational centers. Michael Sterman of Marcus & Millichap's Encino office brokered the deal.
Marcus & Millichap arranges sale of 100-unit Meadow East
Marcus & Millichap has successfully brokered the sale of Meadow East, a 100-unit multifamily property in Potsdam, NY. The property, which was 30% vacant at the time of sale, was marketed by Matthew Gault, Seth Glasser, and Mike Fusco on behalf of Meadow East Associates LP and acquired by Stonehaven Residences. This transaction highlights a significant value-add opportunity in a tertiary upstate New York market.
Marcus & Millichap Arranges $7M Sale of Retail Center in San Jose, California
Marcus & Millichap has brokered the $7 million sale of Capital Commercial Center, a 14,479-square-foot retail property in San Jose, California. The fully leased center, built in 1988, was acquired by a California-based limited liability company. The buyer intends to maintain the property and capitalize on contractual rent increases.
Marcus & Millichap Arranges Sale of 206-Unit Indiana MF Property
Marcus & Millichap facilitated the sale of Shoaff Park Villas, a 206-unit multifamily property in Fort Wayne, Indiana. The property, which had been family-owned for 50 years, was purchased by an Illinois-based investor. The new owner plans significant interior renovations to capitalize on rental growth in the market.
Marcus & Millichap closes $6.1m sale of Queens redevelopment site
Marcus & Millichap has successfully brokered the sale of a $6.1 million redevelopment site located at 49-03 Fifth St. in Long Island City, Queens. The property, featuring 10,000 square feet of unused air rights, was sold to a local developer by a private family seller. This transaction highlights the strong demand and increasing land prices in Long Island City's condo and rental markets.
Marcus & Millichap Brokers Sale of 214-Unit Apartment Complex in Killeen, Texas
Marcus & Millichap has brokered the sale of Copper Mountain, a 214-unit apartment complex in Killeen, Texas. The New York-based family office buyer, who acquired the property via a 1031 exchange, plans to invest approximately $1 million in capital improvements. These improvements will include exterior upgrades, new roofs, enhanced lighting and security, and amenity enhancements.
Marcus & Millichap Arranges Sale of 206-Unit Multifamily Property in Fort Wayne Indianan
Marcus & Millichap has facilitated the sale of Shoaff Park Villas, a 206-unit multifamily property in Fort Wayne, Indiana. The property, owned by the same family for 50 years, was acquired by an Illinois-based investor who plans extensive renovations to capitalize on future rental growth. The sale was handled by Jack Friskney, Aaron Kuroiwa, and Austin Meeker from Marcus & Millichap's Indianapolis office.
Marcus & Millichap Arranges Sale of 24-Unit Multifamily Property The Marq Apartments in Los Angeles California
Marcus & Millichap announced the sale of The Marq Apartments, a 24-unit multifamily property in Los Angeles's Highland Park neighborhood, for $6.2 million. The transaction was handled by Neema Ahadian and Jeffrey Estrada of The Neema Group, who successfully navigated a competitive process to secure a qualified 1031 exchange buyer, Capstone Equities LLC, for the seller, Marq Apartments LLC. The property, featuring 16 one-bedroom and eight two-bedroom units with gated parking, attracted strong investor demand due to its newer vintage and non-rent-controlled status in a desirable area.
Marcus & Millichap Arranges $13.25M Sale of 59-Unit Multifamily Property in El Cajon California
Marcus & Millichap has successfully arranged the sale of Villa Capri, a 59-unit multifamily property in El Cajon, California, for $13.25 million. The property, built in 1969, attracted investor interest due to strong renter demand and opportunities for operational improvements. The buyer, TFT Capital I, plans to renovate the property to enhance its long-term value.
$58 Million Multifamily Asset Sale Closed by Institutional Property Advisors in North Phoenix
Institutional Property Advisors (IPA) has announced the sale of Ascend at Black Canyon, a 260-unit multifamily property in Phoenix, Arizona, for $58.7 million. The property is located in North Phoenix, an area expected to generate numerous high-earning jobs from advanced chip production companies. The deal highlights strong demand for multifamily assets in strategically located, high-growth markets.
Marcus & Millichap Arranges $9.44M Sale of 24-Unit Multifamily Property in Costa Mesa California
Marcus & Millichap has successfully arranged the sale of a 24-unit multifamily property at 291 Avocado St. in Costa Mesa, California, for $9.44 million. The property, built in 1965, was sold in an all-cash transaction to the Rigas Family, who acquired it through a 1031 exchange. This sale highlights the demand for well-maintained assets with value-add potential in the Orange County market.
Marcus & Millichap Brokers $6.25M Russian Hill Multifamily Portfolio Sale in San Francisco
Marcus & Millichap has brokered the sale of two multifamily properties on Union Street in San Francisco's Russian Hill neighborhood for a combined $6.25 million. The properties, located at 1159-1169 and 1067-1071 Union St., were under the same family ownership for over 50 years and were acquired by Ballast. The buyer plans to hold the portfolio long-term and gradually reposition units as they become available.
Marcus & Millichap Brokers Sale of Two-Property Self-Storage Portfolio Near Phoenix
Marcus & Millichap facilitated the sale of a two-property CubeSmart self-storage portfolio in Apache Junction, Arizona. MyPlace Self Storage and Nuveen acquired the 523-unit portfolio from Palatine Capital. The facilities, located near Phoenix, encompass 84,192 net rentable square feet across two properties.
Marcus & Millichap (MMI) Arranges $75.1M Monroe Hotel Recapitalization. Can IPA Win More Complex Deals?
Institutional Property Advisors (IPA), a division of Marcus & Millichap (MMI), recently arranged a complex $75.1 million mid-construction recapitalization for The Monroe Hotel in Miami Beach, showcasing its expertise in multisource financing. This deal involved four capital sources, including C-PACE funding, and positions IPA for more high-end projects despite inherent risks like construction delays and market sensitivity. Institutional sentiment towards MMI remains stable, with major investors like BlackRock holding significant stakes.
Marcus & Millichap (MMI) Arranges $75.1M Monroe Hotel Recapitalization. Can IPA Win More Complex Deals?
Institutional Property Advisors (IPA), a division of Marcus & Millichap (MMI), recently arranged a $75.1 million mid-construction recapitalization for The Monroe Hotel in Miami Beach, demonstrating its capability in complex, multisource financing. This project, which involves four capital sources including C-PACE funding, construction debt, bridge financing, and historic tax credit equity, is part of an ongoing redevelopment expected to open in 2027. While successful, the project carries risks related to construction timelines, coordination of capital sources, and market sensitivity for ultra-luxury hospitality.
Marcus & Millichap Arranges $4.56 Million Financing for A Place in the Sun Hotel Boutique Hotel Acquisition in Palm Springs, California
Marcus & Millichap Capital Corporation (MMCC) has secured $4.56 million in financing for the acquisition of A Place in the Sun, a boutique hotel in Palm Springs, California. The SBA 504 loan, arranged by Ash Patel, features a 30-year amortization and an 80% loan-to-value ratio. This transaction highlights ongoing lender interest in unique hospitality assets within strong leisure markets.
Marcus & Millichap Arranges $11.2M Sale of Molokai Apartments in San Diego
Marcus & Millichap has facilitated the sale of Molokai Apartments, a 39-unit property in San Diego, for $11.2 million. Vista International Inc. sold the property to a private investor. The apartments, built in 1971, are located in the College East neighborhood and feature one and two-bedroom units, gated entry, storage, off-street parking, and a pool.
Marcus & Millichap Arranges $8.6M Sale of Tremont Street Apartments on California’s Santa Catalina Island
Marcus & Millichap has facilitated the $8.6 million sale of Tremont Street Apartments, a 62-unit affordable housing complex in Avalon, Santa Catalina Island. Tailwind Investment Group acquired the property from Black Rose Catalina, with the sale extending the property's affordable rents through 2053. The apartments, built in 1983, operate under a Section 8 Housing Assistance Payments contract and a ground lease with the Santa Catalina Island Co.
Marcus & Millichap (NYSE:MMI) Stock Crosses Above Two Hundred Day Moving Average - What's Next?
Marcus & Millichap (NYSE:MMI) shares have surpassed their 200-day moving average, trading at $30.89 with a 200-day average of $29.41. Despite this, analyst consensus remains a "Reduce" with an average price target of $28.00. The company recently reported better-than-expected quarterly earnings and revenue, and announced a dividend of $0.25 per share.
Marcus & Millichap Arranges $6.2M Sale of Multifamily Property in the Highland Park Neighborhood of Los Angeles
Marcus & Millichap has successfully arranged the $6.2 million sale of a 24-unit multifamily property located at 117 S. Avenue 64 in the Highland Park neighborhood of Los Angeles. The transaction was a competitive process, securing a qualified 1031 exchange buyer for the seller, Marq Apartments LLC, and was procured by Capstone Equities LLC. The property drew strong investor demand due to its newer vintage and non-rent-controlled status, resulting in seven competitive offers.
MMI - Renewed Investor Activity And Technology Investments Will Advance Real Estate
Marcus & Millichap (MMI) analysts maintain a $28.00 price target, noting slight adjustments to valuation metrics. The company recently announced a partnership with Brown & Brown for risk management resources and arranged significant construction financing. MMI has also been active in share repurchases, increasing its buyback authorization.
Marcus & Millichap Arranges Sale of Multifamily Portfolio in Irvington New Jersey
Marcus & Millichap has successfully arranged the sale of a four-property multifamily portfolio located in Newark and Irvington, New Jersey. The portfolio, consisting of bank-owned properties, generated nearly 50 offers through a targeted marketing process. All properties were sold to well-capitalized, all-cash buyers, with plans for significant renovations to bring rents to market value.
Marcus & Millichap Closes Multifamily Sale in San Diego’s College East
Marcus & Millichap has successfully brokered the sale of The Molokai Apartments, a 39-unit multifamily property in San Diego's College East neighborhood, for $11.2 million. The property, built in 1971, attracted significant investor interest due to its spacious floor plans and tenant amenities. Austin Ray Huffman and Chris Zorbas of Marcus & Millichap represented the seller, Vista International, Inc., while Michael Wolf of Coldwell Banker West represented the private buyer.
A 235-unit Arkansas rental community gets $53 million in refinancing
Marcus & Millichap Capital Corporation arranged $53 million in refinancing for The Grove, a 235-unit build-to-rent multifamily property in Rogers, Arkansas. This nonrecourse loan replaced the construction financing, allowing the borrower time to stabilize the rent roll before a future sale. The Class A community, built in 2024, is 94.5% occupied and features detached cottages and attached townhomes with various amenities.
Marcus & Millichap’s IPA Capital Markets Arranges $43 Million Construction Financing for Multifamily Property in Greater Miami
IPA Capital Markets, a division of Marcus & Millichap, has secured $43 million in construction financing for Lyra Palmetto Bay, a 192-unit multifamily development in Palmetto Bay, Florida. This project, developed under Florida’s Live Local Act, aims to provide attainable housing for renters earning 80% to 120% of the area median income. The development will feature various amenities and is strategically located adjacent to the South Dade TransitWay, offering residents convenient access to public transportation.
Marcus & Millichap Arranges Sale of Four-Property Multifamily Portfolio in Newark Metropolitan Area
Marcus & Millichap has announced the sale of a four-property multifamily portfolio in Newark and Irvington, New Jersey. The Zamora team exclusively listed the bank-owned properties, generating nearly 50 offers and securing all-cash buyers for each value-add opportunity. Buyers plan renovations and unit upgrades to bring rents to market.
Marcus & Millichap Brokers Sale of Industrial Property in Lake Forest
Marcus & Millichap successfully brokered the sale of a 32,003-square-foot industrial property in Lake Forest, Illinois, for $3.46 million. The property, located at 28101 Ballard Drive, generated significant interest with 12 offers and sold above the asking price, involving 1031 exchanges for both parties. The fully occupied asset offers stable occupancy with future mark-to-market opportunities, making it an attractive investment for the buyer, R & R Developers.
Marcus & Millichap arranges $53M refinancing in Arkansas By Investing.com
Marcus & Millichap Capital Corporation has secured a $53 million refinancing deal for The Grove, a 235-unit build-to-rent multifamily property in Rogers, Arkansas. The financing, arranged by John Brickson, repaid the borrower's construction loan ahead of maturity, providing time to stabilize the rent roll for a future sale. The Grove, built in 2024, is 94.5% occupied and features detached cottages and townhome-style residences.
Marcus & Millichap arranges $53M refinancing in Arkansas By Investing.com
Marcus & Millichap Capital Corporation has secured $53 million in refinancing for The Grove, a 235-unit build-to-rent multifamily property in Rogers, Arkansas. This three-year, nonrecourse financing allowed a joint venture between Brittenum Group and Realty Capital Partners to repay their construction loan ahead of maturity. The property, built in 2024, is 94.5% occupied and consists of detached cottages and townhome-style residences.
Marcus & Millichap arranges $53M refinancing in Arkansas By Investing.com
Marcus & Millichap Capital Corporation has secured $53 million in refinancing for The Grove, a 235-unit build-to-rent multifamily property in Rogers, Arkansas. This three-year, nonrecourse financing allowed the borrower, a joint venture between Brittenum Group and Realty Capital Partners, to repay its construction loan early. The Grove, built in 2024, is 94.5% occupied and consists of detached cottages and townhome-style residences.
Marcus & Millichap Arranges $8.64M Sale of 62-Unit Multifamily Property in Santa Catalina Island California
Marcus & Millichap announced the $8.64 million sale of Tremont Street Apartments, a 62-unit affordable multifamily property in Avalon on Santa Catalina Island. The transaction, facilitated by Arteen Zahiri and Tony Azzi, involved complex coordination due to a ground lease, HUD approval, HAP contract assignment, and Freddie Mac loan assumption. The property will continue to operate as affordable housing under its existing HAP contract and long-term ground lease, preserving crucial housing for the Avalon community.
Marcus & Millichap (MMI) Swings Back To Profit As Deals Return
Marcus & Millichap (MMI) has returned to profitability in Q2, with revenue up 17.8% year-over-year and net income of $3.9 million, signaling a recovery in the commercial real estate market. Deal flow increased across both private client and institutional segments, leading to improved financial metrics and the reinstatement of dividends and share buybacks. Despite the positive results, management remains cautious due to persistent wide bid-ask spreads and geopolitical uncertainties that could impact future performance.
Marcus & Millichap Capital Corporation Arranges $53M Build-to-Rent Refinance in Northwest Arkansas
Marcus & Millichap Capital Corporation (MMCC) has secured $53 million in refinancing for The Grove, a 235-unit build-to-rent property in Rogers, Arkansas. This nonrecourse financing allowed the joint venture between Brittenum Group and Realty Capital Partners to repay its construction loan, providing time to season the rent roll for a future sale. The Class A community, built in 2024 and 94.5% occupied, is noted for its exceptional resident demographics and is one of the largest BTR communities in the Northwest Arkansas region offering single-family-style homes.
WINTON GROUP Ltd Acquires 33,983 Shares of Marcus & Millichap, Inc. $MMI
WINTON GROUP Ltd significantly increased its stake in Marcus & Millichap, Inc. (NYSE:MMI) by 74.3% in the second quarter, purchasing 33,983 additional shares to bring its total holdings to 79,750 shares valued at $2.49 million. This move is part of broader institutional interest, with overall institutional ownership at 62.78%. Marcus & Millichap also reported strong Q2 earnings, surpassing analyst estimates for both EPS and revenue, though analysts maintain a "Reduce" consensus rating with a target price of $28.
Marcus & Millichap brokers $3.9 million sale of 36,800 s/f industrial building
Marcus & Millichap has brokered the sale of a 36,800 s/f industrial property at 32 Executive Dr. in Hudson, N.H., for $3.9 million. The Lessa Edenkrans Group marketed the property on behalf of the seller, Dan Lang, and procured the buyer, V12 Investments. The facility, currently occupied by Granite Forge, is a high-bay industrial warehouse suitable for multi-tenant use.
Griffith and Pepdjonovic of Marcus & Millichap handle $13.5 million sale
Marcus & Millichap completed the sale of The Willard, a 30-unit luxury multifamily property in Quincy, MA, for $13.5 million. The property, built in 2025, features modern amenities and was 100% occupied at the time of sale. Evan Griffith and Tony Pepdjonovic of Marcus & Millichap exclusively marketed the property for the seller.
Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn
Marcus & Millichap successfully brokered the sale of 733 Dekalb Ave. in Brooklyn's Bed-Stuy neighborhood for $2.8 million. The property is a fully free-market mixed-use building featuring five residential units and a ground-floor commercial space. This marks the second time the team has sold the property in five years, highlighting strong demand for such assets in the area.
Marcus & Millichap Brokers Sale of Free-Market Mixed-Use Property in Brooklyn
Marcus & Millichap has brokered the sale of 733 Dekalb Ave. in Brooklyn, a fully free-market multifamily and retail property, for $2.8 million. The property, located in the Bed-Stuy neighborhood, includes five residential units and a ground-floor commercial space. This marks the second time the team has sold the property in five years, highlighting strong demand for such assets in the area.
Marcus & Millichap Arranges $5.4M Sale and $3.8M Financing of 20-Unit Multifamily Property in Los Angeles
Marcus & Millichap announced the sale and financing of a 20-unit multifamily property in Los Angeles for $5.4 million, with $3.8 million in acquisition financing secured by Marcus & Millichap Capital Corporation. The property, located at 1534 S Shenandoah St., was enhanced by the sellers through the addition of ADUs and renovations, attracting a buyer keen on completing further upgrades. This transaction highlights continued investor interest in well-priced assets despite higher interest rates.
Marcus & Millichap Closes 247-Unit Multifamily Asset Sale in North Texas
Marcus & Millichap announced the sale of The Watson, a 247-unit multifamily property in Grand Prairie, Texas. Despite market challenges, Brazos Residential acquired the complex transaction, highlighting a positive trend in rent growth and occupancy in the DFW Class A multifamily sector. The property's strategic location and amenities are expected to capitalize on this market momentum.
Marcus & Millichap Closes Sale of Multifamily Mixed-Use Property in South Brooklyn
Marcus & Millichap has announced the sale of a multifamily and retail property at 179 Avenue U in the Gravesend neighborhood of South Brooklyn for $1,536,000. The New York Multifamily team facilitated the sale, sourcing an end-user and securing a favorable price for the seller, G4 Development Group, while providing the buyer, GD Capital, with office space. The 3,800-square-foot building includes one residential unit and two ground-floor commercial spaces.
Marcus & Millichap Arranges Sale of Multifamily Asset in Upstate New York
Marcus & Millichap announced the sale of Meadow East, a 100-unit multifamily property in Potsdam, New York, which was approximately 30% vacant at the time of sale. The property was marketed by Matthew Gault, Seth Glasser, and Mike Fusco on behalf of Meadow East Associates LP, and was acquired by Stonehaven Residences. This acquisition presents a significant value-add opportunity for the buyer in an upstate New York market.
Marcus & Millichap Brokers Two Santa Monica Multifamily Portfolio Sales
Marcus & Millichap has brokered the sale of two multifamily properties in Santa Monica, California, located at 947 4th St. and 914 5th St., for a combined price of $10.25 million. Each property sold for over $1 million per unit, highlighting the strong market for newer, well-located multifamily assets in the area. The Ezralow Company acquired both properties, with the 914 5th St. sale reaching the highest price per unit for a multifamily sale in Santa Monica in 2026.
