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Latest Marcus & Millichap (MMI) Headlines

Marcus & Millichap Arranges $23.2 Million Multifamily Portfolio Sale
Business Wire - Thu Mar 13, 8:01AM CDT
Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Redwood City Portfolio I, a five-property 112-unit multifamily portfolio on the San Francisco Peninsula in Redwood City, Calif. The $23.2 million sales price equates to $207,142 per unit.

Marcus & Millichap reports greatly reduced net income for FY 2013 compared to FY 2012
M2 - Wed Mar 12, 3:44AM CDT
Marcus & Millichap Inc (NYSE:MMI), a national brokerage firm, on Tuesday reported for its full-year ended 31 December 2013 a net income of USD8.2m, declined from the net income of USD27.9m in 2012.

Marcus & Millichap, Inc. Reports Fourth Quarter and Full Year 2013 Financial Results
Business Wire - Tue Mar 11, 3:02PM CDT
Marcus & Millichap, Inc. (the "Company", "Marcus and Millichap") (NYSE: MMI), a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services, today reported financial results for its fourth quarter and full-year ended December 31, 2013. Highlights include:

Marcus & Millichap, Inc. to Report Fourth Quarter and Full Year 2013 Financial Results on Tuesday, March 11, 2014
Business Wire - Tue Feb 25, 3:01PM CST
Marcus & Millichap, Inc. (NYSE: MMI), a leading national brokerage firm specializing in commercial real estate investment sales, financing and research and advisory services, announced today it will report its financial results for the fourth quarter and full year ended December 31, 2013 on Tuesday, March 11, 2014, after the close of market.


Phone makers look to emerging markets for growth
By ANICK JESDANUN - AP - Tue Feb 25, 3:03PM CST
BARCELONA, Spain (AP) — Here's the rub for companies: A good part of the key markets they serve already own smartphones and use them to connect various Internet services. How do you grow from there?


Several new phones coming, but all eyes on Samsung
By ANICK JESDANUN - AP - Mon Feb 24, 2:19PM CST
BARCELONA, Spain (AP) — Sony unveiled a new waterproof phone that can take ultra-high-definition video. Nokia introduced three Android smartphones aimed at emerging markets. And Lenovo announced one with an all-glass exterior.

Google gets more guarded about acquisition numbers
By MICHAEL LIEDTKE - AP - Thu Feb 13, 4:55PM CST
SAN FRANCISCO (AP) — Google is becoming more secretive about its acquisitions as the Internet company hunts for promising innovations and engineering talent to help shape the future of technology.

Marcus & Millichap, Inc. Announces Date for Annual Meeting of Stockholders
Business Wire - Wed Feb 12, 8:00AM CST
Marcus & Millichap, Inc. (NYSE:MMI)(the "Company") today announced that its 2014 Annual Meeting of Stockholders will be held on Tuesday, May 6, 2014 at 2:00 p.m. Pacific Time. The meeting will be held at the Stanford Park Hotel, located at 100 El Camino Real, Menlo Park, CA 94025. Stockholders of record as of the close of business on March 10, 2014 will be eligible to vote at the meeting.


Google's 4Q positions stock to reach new high
AP - Thu Jan 30, 7:23PM CST
SAN FRANCISCO (AP) — Google's earnings are still rising at an impressive clip even as a long-running slump in its ad prices deepens and management gambles on risky ventures such as its unprofitable purchase of smartphone maker Motorola Mobility.

News Summary: Google's 4Q impresses Wall Street
By The Associated Press - AP - Thu Jan 30, 6:57PM CST
MONEYMAKING MACHINE: Google's fourth-quarter earnings climbed 17 percent, even though a two-year slump in the Internet company's average ad prices deepened and its Motorola Mobility smartphone operations suffered another big loss.


Google's Motorola misstep could be Lenovo's boon
By MICHAEL LIEDTKE - AP - Thu Jan 30, 11:19AM CST
SAN FRANCISCO (AP) — An expensive mistake by Google could turn into a golden opportunity for China's Lenovo Group as it expands beyond its success in the personal computer industry.


Google cuts losses on Motorola, sells to Lenovo
By MICHAEL LIEDTKE - AP - Wed Jan 29, 7:51PM CST
SAN FRANCISCO (AP) — Google is selling Motorola's smartphone business to Lenovo for $2.9 billion, a price that leaves little doubt that Google's biggest acquisition turned out to be an expensive mistake.

Samsung, Google sign patent agreement
By YOUKYUNG LEE - AP - Mon Jan 27, 4:16PM CST
SEOUL, South Korea (AP) — Samsung Electronics Co. has signed an agreement with Google Inc. to cross-license their patents, reducing the risk of costly legal disputes over intellectual property and likely fostering greater collaborate between the two tech giants.

NYSE stocks posting largest percentage decreases
AP - Mon Dec 30, 5:00PM CST
NEW YORK (AP) — A look at the 10 biggest percentage decliners on New York Stock Exchange at the close of trading:

Goodfellow Reports its Results for the First Quarter Ended November 30, 2013
Marketwire - Thu Dec 19, 9:04AM CST
Goodfellow Inc. (TSX: GDL) announced today its financial results for the first quarter ended November 30, 2013. The Company generated net earnings of $1.2 million or $0.14 per share compared to net earnings of $0.7 million or $0.09 per share a year ago. Consolidated sales for the first quarter were $110.4 million compared to $112.0 million for the same period a year ago. Sales in the US and export activities were strong throughout the first quarter while the economy and housing starts in Canada faced some headwind. Sales grew in most regions except Quebec and the Atlantic provinces where demand from retailers and manufacturers declined rapidly in the latter part of the quarter. Ontario, Western Canada, the US and exports posted a good performance to offset this decline. On the operating side, many measures were taken to reduce our cost structure. As a result, direct, selling and administrative expenses decreased 2.5% or $0.5 million.


Motorola CEO talks to AP about global vision
By ANICK JESDANUN - AP - Fri Dec 13, 2:18PM CST
NEW YORK (AP) — Google's $12.4 billion purchase of Motorola Mobility was widely seen as a way for Google to acquire patents to defend its Android operating system from intellectual property lawsuits.


Can smartphones snap out of technological stupor?
By MICHAEL LIEDTKE and YOUKYUNG LEE - AP - Fri Dec 13, 10:56AM CST
SAN FRANCISCO (AP) — This may be remembered as the year smartphones became boring.

Marcus & Millichap, Inc. Reports Third Quarter 2013 Financial Results
Business Wire - Wed Nov 13, 3:01PM CST
Marcus & Millichap, Inc., (the "Company") (NYSE: MMI), a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services, today reported financial results for its third quarter ended September 30, 2013. Highlights for the quarter include:

Marcus & Millichap closes IPO and underwriters' fully exercise option for additional shares
M2 - Wed Nov 06, 4:47AM CST
A brokerage company, Marcus & Millichap Inc (NYSE:MMI) closed its initial public offering (IPO) in which a total of 6,900,000 shares were sold at USD12.00 per share, comprising 2,726,587 shares sold by selling stockholders and 4,173,413 shares sold by the company, together with 900,000 shares sold under the underwriters' full exercise of their option for additional shares, it said on Tuesday.

Marcus & Millichap, Inc. Announces Closing of Initial Public Offering and Full Exercise of Option to Purchase Additional Shares by Underwriters
Business Wire - Tue Nov 05, 3:01PM CST
Marcus & Millichap, Inc. (NYSE: MMI) (the "Company") announced today the closing of its previously announced initial public offering. A total of 6,900,000 shares were sold, composed of 2,726,587 shares sold by selling stockholders and 4,173,413 shares sold by the Company, including 900,000 shares sold pursuant to the underwriters' full exercise of their option to purchase additional shares, in each case at a public offering price of $12.00 per share. As a result, Marcus & Millichap, Inc. has received aggregate net proceeds, after deducting underwriting discounts and estimated offering expenses, of approximately $42.7 million.

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