Marcus & Millichap Names Kerin President & CEO
- Jul 21, 2010
July 21, 2010
By Allison Landa, News Editor
Real estate investment services firm Marcus & Millichap has named John Kerin president and chief executive officer effective July 1. A senior vice president and managing director, Kerin oversees 18 offices nationwide.
He replaces longtime Marcus & Millichap head Harvey Green, who retired earlier this year. “Exiting stage left is not easy to do,” Green told CPE at the time. “You don’t want to overstay.”
Kerin joined the firm in 1981 and was subsequently promoted to senior investment associate. In 1987 he was promoted to reginal manager of the Los Angeles office. In 1994, he was elected first vice president and then managing director in 1996.
“The recent market dislocation reinvigorated the importance of value-added brokerage, which has always been Marcus & Millichap’s driving force,” Kerin said when the news was announced. “We have demonstrated our unique ability to help investors strategize and have executed more transactions than any other source in one of the most difficult markets. More than any other time, there are significant opportunities to bring more efficiency to the market place and substantially grow our financing, transaction and advisory services.”
Marcus & Millichap has 1,200 employees nationwide and closed more than 3,400 transactions in 2009.