March 1, 2016
Marcus & Millichap’s top executive, John Kerin, will retire at the end of the month after 35 years at the firm. Hessam Nadji was selected to fill the position as President and Chief Executive Officer of the Calabasas-based brokerage firm.
Nadji joined the firm in 1996 and has held several roles since then, His current position was Senior Executive Vice President, and he previously served as Chief Strategy Officer. Mr. Kerin will continue to serve as a senior advisor and provide consulting services.
George M. Marcus, founder and co-chairman said, “This transition comes at a time of strength for our company, given the growth of our highly respected brand, deep management team and strong balance sheet. John and Hessam have worked very closely over the years. John’s retirement and Hessam’s promotion are a natural and positive transition.”