Marcus & Millichap’s Nadji Previews Connect Los Angeles

By Dennis Kaiser

Connect Los Angeles is set for March 21st at the Hotel Indigo Downtown Los Angeles. The planned line-up includes five deep dives into the opportunities and challenges across asset classes, the future of work, financing today’s deals, legislation and the economy.Leading up to the conference, we asked Marcus & Millichap CEO Hessam Nadji to share his thoughts about the commercial real estate market in our latest 3 CRE Q&A.

Q: How is Marcus & Millichap approaching commercial real estate investments today, compared to the last few years?
A: The commercial real estate investment market remains very active, with transaction activity growing at a relatively stable pace over the last few years. Our firm’s underlying philosophies and business practices have been consistent, with a focus on helping investors to create and preserve wealth by offering the best investment sales, financing, research and advisory services available.

We continue to grow our market presence across North America by opening additional offices, adding to our team of nearly 2,000 investment sales and financing professionals throughout the U.S. and Canada, and actively growing our participation in industry-related conferences and events internationally and in the U.S. on a regular basis. Our firm continues to build our market research capabilities, provide the most comprehensive insights to investors to empower better-informed investment decisions, and invest in new technology to enable our clients to leverage the most powerful platform available in the investment real estate sector.

Q: In 2019, what is one Los Angeles-related trend that Marcus & Millichap is tracking and how is it shaping the firm’s strategy?
A: One prominent trend our firm is actively tracking is public policy – specifically tax reform and legislation – as they directly affect our clients, including those who invest in Los Angeles real estate. Policy changes have been key considerations over the last year, as legislators and voters in California tackle issues such as rent control and commercial real estate property taxes. Policies involving these issues can have significant ramifications for commercial real estate, housing, business growth and the broader California economy, and they will continue to influence investment decisions in 2019. As a firm, we carefully monitor public policy and provide our clients with timely and insightful information to help them navigate the risks and opportunities that lie ahead.

Q: How is Marcus & Millichap building a company that is aligned with market realities, client demand and future talent needs?
A: Our investment specialization and market-area focus results in relationships with more private and institutional investors than any other firm.We focus on supporting our clients’ ability to make well-informed decisions by providing them with the best commercial real estate investment services available. We leverage our exclusive industry training, comprehensive research, collaborative platform, and state-of-the-art technology to support these efforts. Staying true to our core fundamentals has been our key to 48 successful years.

For comments, questions or concerns, please contact Dennis Kaiser