June 15, 2015
While most brokerage firms deal in commercial real estate’s multifamily sector, Marcus & Millichap has strong success in the area. Part of the reason is that the company has about 1,500 brokers in the United States and Canada.
In addition, the company, based in Calabasas, does research reports on a slew of local markets in North America.
This has led to transactions such as the $45.8 million sale of Rockwood at the Cascades in Sylmar, which Marcus & Millichap brokered earlier this month.
It’s also not hurting the firm’s stock price. Shares are expected to go up 30 percent this year and another 16 percent in 2016, according to analysts.