• Home
  • About Us
  • Subscribe
  • Advertise
  • Newsroom
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • Current Issue
    • Latest News
    • Special Report
    • Up Close
    • Opinion
  • News by Sector
    • Real Estate & Construction
    • Banking & Finance
    • Health Care
    • Education & Talent
    • North Idaho
    • Technology
    • Manufacturing
    • Retail
    • Government
  • Roundups & Features
    • Calendar
    • People
    • Business Licenses
    • Q&A Profiles
    • Cranes & Elevators
    • Retrospective
    • Insights
    • Restaurants & Retail
  • Supplements & Magazines
    • Book of Lists
    • Building the INW
    • Market Fact Book
    • Economic Forecast
    • Best Places to Work
    • Partner Publications
  • E-Edition
  • Journal Events
    • Elevating the Conversation
    • Workforce Summit
    • Icons
    • Women in Leadership
    • Rising Stars
    • Best Places to Work
    • People of Influence
    • Business of the Year Awards
  • Podcasts
  • Sponsored
Home » Marcus & Millichap real estate investment company plans office here

Marcus & Millichap real estate investment company plans office here

Lone broker will oversee Inland Northwest initially

January 19, 2017
Kim Crompton

Marcus & Millichap Inc., a large commercial real estate investment services company with offices throughout the United States and Canada, plans to open a Spokane office shortly, says Joel Deis, the firm’s Seattle-based regional manager for Washington state.

Max McDonald, who joined Marcus & Millichap several years ago and won the Rising Star award in its 40-broker Seattle office last year, will relocate to Spokane by February and will operate the office by himself for now, Deis says. A location for the office hasn’t been selected yet, he says.

Brokers from Marcus & Millichap, which is publicly traded and based in Baltimore, have been handling real estate investment sales in the Spokane area from the company’s Seattle office, and the company has wanted to open an office here “for a long time,” Deis says. He says McDonald wanted to relocate here, partly because his wife’s parents live here, “so that just sped the clock up.”

Deis says, “We’ve been doing well over there without a physical presence,” but he adds, “We need an evangelist” who can help expand the firm’s business opportunities throughout Eastern Washington and North Idaho, and McDonald is well suited to fill that role.

McDonald, a Seattle native, says, “I’m excited to—first of all—live over there. I spend a lot of time in Spokane and North Idaho and am looking forward to especially the summers.”

He adds, “I do some business over there already, just remotely. I feel it will just open a lot more opportunity for me just being in Spokane. The commute is going to be a lot nicer … (it will offer) a lot of benefits.”

McDonald says he and his wife, Laura, who met while both attending the University of Washington and have a baby girl born in October, already have bought a South Hill home, and his wife’s parents are eager to be able to spend time with the grandchild.

He says his wife attended Mead High School and her parents formerly lived on Spokane’s North Side, but now live near downtown.

McDonald says he will be solely a broker here, with Deis serving as managing broker for both the Seattle and Spokane offices. He says he will continue to sell retail and office properties exclusively, which are the areas in which he specializes. He also says he will work closely with the Seattle office and can bring in specialists, as needed, to work with clients or prospective clients on the sale of other types of properties.

Of the potential for the office here to grow, he says, “I’d love to have more guys join me. I don’t know what the number is, but we’d like to have a bigger presence here.”

The office here will be Marcus & Millichap’s only other office in Washington state, although the company also has offices in Portland and Boise.

Founded in 1971 and traded on the New York Stock Exchange under the symbol MMI, the brokerage says on its website that it has more than 1,600 investment sales and financing professionals in more than 80 offices in North America.

It says it closed more than 8,700 investment transactions for private and institutional investors in 2015, involving a range of retail and commercial, apartment, hospitality, health care, industrial, self-storage, recreational, and other properties.

Marcus & Millichap reported net income of $15.14 million, or 39 cents a diluted share, for the 2016 third quarter, roughly on par with earnings of $15.17 million, also equating to 39 cents a share, in the 2015 third quarter. For the first nine months of last year, it reported net income of $47.5 million, or $1.22 a diluted share, up from $46.4 million, or $1.19 a share, in the year-earlier period.

The brokerage hasn’t released 2016 full-year financial performance data yet. It reported record sales volume, revenue, and net income in 2015, including earnings of $66.35 million, up from $49.53 million in 2014.

    Latest News Special Report Real Estate & Construction
    • Related Articles

      Real estate company here prevails in profiteering suit

      Investment company here buys River Ridge complex

      Scout Real Estate adds second downtown office

    • Related Products

      Book of Lists - Digital Version - Commercial Real Estate Firms

      Book of Lists Digital Version - Real Estate Appraisal Firms

      Book of Lists Digital Version - Public Company Stock Performance

    Kim Crompton

    2024 Icons: Haase Landscape Inc.'s Clyde Haase

    More from this author
    Daily News Updates

    Subscribe today to our free E-Newsletters!

    SUBSCRIBE

    Popular Articles

    • Baker leadership
      By Journal of Business Staff

      Baker Construction announces leadership changes

    • Logo influencers25 web
      By Linn Parish

      Journal names its 25 People of Influence in 2025

    • Eats16 web
      By Dylan Harris

      Work begins at Post Falls food truck court

    • By Dylan Harris

      Providence to sell 10 senior living centers

    • Garland7 web
      By Dylan Harris

      Garland Growth: Housing projects in historic district bring anticipation, anxiety over parking

    • News Content
      • News
      • Special Report
      • Up Close
      • Roundups & Features
      • Opinion
    • More Content
      • E-Edition
      • E-Mail Newsletters
      • Newsroom
      • Special Publications
      • Partner Publications
    • Customer Service
      • Editorial Calendar
      • Our Readers
      • Advertising
      • Subscriptions
      • Media Kit
    • Other Links
      • About Us
      • Contact Us
      • Journal Events
      • Privacy Policy
      • Tri-Cities Publications

    Journal of Business BBB Business Review allianceLogo.jpg CVC_Logo-1_small.jpg

    All content copyright ©  2025 by the Journal of Business and Northwest Business Press Inc. All rights reserved.

    Design, CMS, Hosting & Web Development :: ePublishing