Marcus & Millichap Hires Top Auction Brokers to Lead Property Auction Services
April 07 2022 - 5:40PM
Business Wire
Marcus & Millichap (NYSE: MMI), a leading commercial real
estate brokerage firm specializing in investment sales, financing,
research and advisory services, announced today Adam Sklaver and
Phil Kates joined the firm as senior vice presidents specializing
in property auction services. Sklaver and Kates will be responsible
for commercial real estate (CRE) auction sales and securing the
best possible prices for sellers in an accelerated time frame.
Sklaver and Kates most recently ran CBRE’s auction team.
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Adam Sklaver (Photo: Business Wire)
“Online auction capabilities have emerged as an additional
marketing channel for the right assets and situations. As we
continually expand on our tradition of maximizing value for our
clients, we are excited to add property auctions to our platform,”
said J.D. Parker, executive vice president and chief operating
officer of Marcus & Millichap’s Eastern Division and leader of
the initiative.
Sklaver and Kates have 19 years of combined CRE auction
experience and have assisted institutional and private clients in
the sale of over 600 CRE properties spanning all asset classes via
online auctions. Their 95% trade rate is among the highest in the
CRE auction industry.
“Marcus & Millichap’s commitment to client results through
expertise and specialization aligns perfectly with how Phil and I
have built our careers. Our experience with commercial real estate
auctions will seamlessly complement the firm’s deep network of
talented brokers and substantial resources,” said Sklaver. “We’re
thrilled to continue to deliver first-rate auction services to
clients. By joining forces with the firm, we will collaborate with
their extensive network to achieve the investment goals of clients
throughout North America,” stated Kates.
“Our vision is to supplement Marcus & Millichap’s
industry-leading property marketing system with the expertise of
Adam and Phil as our in-house property auction experts, helping us
offer more expansive services to our clients,” added Parker.
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm
specializing in commercial real estate investment sales, financing,
research and advisory services with offices throughout the United
States and Canada. As of December 31, 2021, the company had 1,994
investment sales and financing professionals in 82 offices who
provide investment brokerage and financing services to sellers and
buyers of commercial real estate. The company also offers market
research, consulting and advisory services to clients. Marcus &
Millichap closed 13,255 transactions in 2021, with a sales volume
of approximately $84.4 billion. For additional information, please
visit www.MarcusMillichap.com.
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Gina Relva, VP of Public Relations
Gina.Relva@marcusmillichap.com 510-999-1284
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