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Marcus & Millichap Posts Loss As 'Prolonged Market Disruption' Slows Property Sales, Lending

California-Based Brokerage's Commissions Fall More Than 52%
Marcus &amp; Millichap CEO Hessam Nadji<b>&nbsp;</b>said higher interest rates and financing constraints contributed to a loss in the third quarter. (Getty Images)
Marcus & Millichap CEO Hessam Nadji said higher interest rates and financing constraints contributed to a loss in the third quarter. (Getty Images)
CoStar News
November 3, 2023 | 11:56 P.M.

Marcus & Millichap, the last of the major publicly traded brokerages to post results, reported a third-quarter loss and a sharp decline in sales as property and financing deals declined.

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