Marcus & Millichap Hires National Director of Commercial Property Auction Services
January 20 2023 - 3:49PM
Business Wire
Marcus & Millichap (NYSE:MMI), a leading commercial real
estate brokerage firm specializing in investment sales, financing,
research and advisory services, announced today that Jim Palmer was
hired as senior vice president and national director responsible
for overseeing the firm’s Commercial Property Auction Services
division of its brokerage business. Formed in 2022, the division
offers clients an accelerated way to buy and sell commercial
property as a complement to the firm’s traditional property
marketing channels.
“As part of our ongoing mission to provide our clients with the
best possible range of investment opportunities in the industry, we
launched Commercial Property Auction Services last spring. The
response from clients has been tremendous,” said J.D. Parker,
executive vice president and chief operating officer of Marcus
& Millichap’s Eastern Division. “The addition of Jim further
expands our auction capabilities and aligns with our firm’s history
of maximizing value for clients through every aspect of
service.”
Palmer brings over 25 years of real estate and technology
experience to Marcus & Millichap. Most recently he served eight
years on Ten-X Co.’s leadership team where he managed the broker
channel, as well as many of the firm's largest institutional
clients.
“Joining Marcus & Millichap to lead its highly talented and
experienced team of commercial real estate auction experts and work
closely with its best-of-class investment sales brokers is an
exciting opportunity. I look forward to growing the auction
platform to serve more investors throughout North America,” said
Palmer.
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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version on businesswire.com: https://www.businesswire.com/news/home/20230120005476/en/
Gina Relva, VP of Public Relations
Gina.Relva@marcusmillichap.com 510-999-1284
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