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Marcus & Millichap CEO To Retire March 31


Marcus & Millichap CEO and president John Kerin will be stepping down March 31 and hand the reins to senior executive VP Hessam Nadji, continuing a series of corporate replacements. John joined the brokerage firm as a sales agent in 1981, working his way up to CEO by 2010.


The next CEO currently oversees several of the broker’s divisions that closed $15B in sales during a nine-month period ending last September, Commercial Property Executive reports. 

Hessam joined the firm in 1996 as VP of research and is a member of the National Multifamily Housing Council executive committee, the Urban Land Institute, the International Council of Shopping Centers and NAIOP. [CPE]