The Investment Brokerage Intern participates in Marcus & Millichap’s paid, eight-week summer internship program, working directly with established brokers to gain hands-on experience in commercial real estate. This role combines day-to-day exposure to the real estate investment sales business with structured education, training, and mentorship, including workshops and networking opportunities. Interns work in-office as part of a brokerage team.

Background

Marcus & Millichap is the industry’s largest firm specializing in real estate investment sales and financing, as well as a leading source of research and advisory services. The Investment Brokerage Internship is designed to provide current college students with meaningful exposure to the commercial real estate industry and a foundation for pursuing a career in investment sales.

The anticipated compensation is $20 - $25/hr. The final compensation offered to a successful candidate will be dependent on several factors that may include but are not limited to the type of experience within the industry, education, etc. Marcus & Millichap is a multi-state employer, and this hourly range may not reflect positions that work in other states.

Benefits: EAP (Employee Assistance Program) and Paid Time Off.

During the course of the 8-week program, Investment Brokerage Interns will:

Garner real-life commercial real estate experience through in-office participation in team projects, sales meetings and the creation of contracts, Broker Opinion of Values (BOVs), and Offering Memorandums (OMs).
Gain access to outstanding training and education, including workshops and exclusive Marcus & Millichap University classes covering financing, business development, underwriting, and more.
Make career-changing connections through your Marcus & Millichap mentor and networking opportunities with senior agents and management.
Attend informative conversations with top Marcus & Millichap agents and learn how to forge profitable relationships, develop winning proposals, build key selling skills and more.
Earn a competitive salary while confirming your interest in the CRE profession and bolstering your industry skill set.

Application Requirements:

Rising college juniors or seniors
Enrolled at an accredited university
Pursuing a real estate minor or major or participating in a real estate club or boot camp

No Visa sponsorship is available at this time

Applications will be reviewed on a rolling basis. Candidates are encouraged to apply early, as opportunities may fill before the deadline.

Marcus & Millichap is an Equal Opportunity Employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status, or any other protected characteristic under federal, state, or local law.

About the company

Marcus & Millichap provides commercial real estate brokerage services across the United States and Canada. It focuses on investment sales, financing, research, and advisory services for property owners, developers, and investors. The company earns commissions and fees from property sales and loan financings, and also monetizes its market research and advisory services. Its product works by connecting buyers and sellers, arranging financing, and offering market insights to guide decisions, supported by a large network of offices and professionals and the use of research and technology. It differentiates itself through deep specialization in commercial real estate, a results-driven culture, and a broad nationwide footprint that supports comprehensive service. The overall goal is to help clients achieve strong investment outcomes by delivering expert brokerage, financing, and strategic guidance.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Calabasas, California

Founded

1971

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Simplify's Take

What believers are saying

Q2 2026 revenue rose 18% to $202.9 million, and EPS reached $0.10.
On April 30, 2026, the board authorized another $70 million share repurchase.
In May 2026, Marcus & Millichap expanded its Manhattan office to 41,000 square feet.

What critics are saying

Analysts still rated MMI Sell on August 18, 2026, with a $28 target.
The Missouri TwinRock appeal carries a $24.1 million possible loss after February 14, 2026.
Q1 2026 management said two-to-three-year agents left for missing development metrics.

What makes Marcus & Millichap unique

Marcus & Millichap ran 80-plus offices and 1,575 investment sales professionals in Q2 2026.
Its June 2026 Preferred Partner Program bundled brokerage with Brown & Brown insurance insights.
MMCC financing, research, and advisory services keep clients inside one transaction platform.

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Benefits

Medical
Dental
Vision
Flexible Spending Plans (Medical, Dependent Care, Commuter)
401(k) Plan with Company Match
Company Sponsored Long-Term Disability Coverage
Additional Voluntary Long-Term Disability Coverage
Company Sponsored Group Life/AD&D
Additional Voluntary Life/AD&D
Employee Assistance Program (EAP)
Paid Time Off (paid vacation time, paid sick time, and paid Company holidays)
Educational Assistance

Growth & Insights and Company News

Headcount

6 month growth

1 year growth

2 year growth

MarketBeat

Aug 18th, 2026

Pzena Investment Management LLC purchases new shares in Marcus & Millichap, Inc. $MMI.

Pzena Investment Management LLC purchases new shares in Marcus & Millichap, Inc. $MMI. August 18, 2026 Key points. * Pzena Investment Management acquired 2.14 million Marcus & Millichap shares worth approximately $66.7 million, giving it a 5.66% stake. Institutional investors collectively own 62.78% of the company. * Marcus & Millichap exceeded quarterly expectations, reporting EPS of $0.10 versus the $0.03 consensus estimate and revenue of $202.91 million versus $194.30 million expected. * Despite the earnings beat, analysts maintain a consensus "Sell" rating with an average price target of $28, below the reported share price of $31. The company also declared a $0.25 dividend, with a payout ratio of 135.14%. * MarketBeat previews the top five stocks to own by September 1st. Pzena Investment Management LLC acquired a new stake in shares of Marcus & Millichap, Inc. (NYSE:MMI - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,141,001 shares of the real estate investment trust's stock, valued at approximately $66,735,000. Pzena Investment Management LLC owned 5.66% of Marcus & Millichap at the end of the most recent quarter. Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Marcus & Millichap by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 3,816,951 shares of the real estate investment trust's stock valued at $104,165,000 after purchasing an additional 86,609 shares in the last quarter. BlackRock Inc. purchased a new stake in Marcus & Millichap in the second quarter worth about $112,801,000. Dimensional Fund Advisors LP lifted its holdings in Marcus & Millichap by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,481,772 shares of the real estate investment trust's stock worth $39,400,000 after buying an additional 43,196 shares during the period. State Street Corp lifted its holdings in Marcus & Millichap by 3.0% in the fourth quarter. State Street Corp now owns 951,032 shares of the real estate investment trust's stock worth $25,954,000 after buying an additional 27,275 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Marcus & Millichap by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 385,116 shares of the real estate investment trust's stock valued at $10,510,000 after acquiring an additional 3,547 shares in the last quarter. 62.78% of the stock is currently owned by institutional investors. Marcus & Millichap price performance. Shares of Marcus & Millichap stock opened at $31.00 on Tuesday. The company has a 50-day moving average of $30.77 and a 200 day moving average of $28.46. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 83.78 and a beta of 1.23. Marcus & Millichap, Inc. has a 1 year low of $24.43 and a 1 year high of $33.62. Marcus & Millichap (NYSE:MMI - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.10 EPS for the quarter, topping the consensus estimate of $0.03 by $0.07. Marcus & Millichap had a net margin of 1.77% and a return on equity of 2.97%. The business had revenue of $202.91 million for the quarter, compared to analyst estimates of $194.30 million. Marcus & Millichap dividend announcement. The business also recently declared a dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th will be given a $0.25 dividend. This represents a dividend yield of 163.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Marcus & Millichap's payout ratio is currently 135.14%. Wall Street analysts forecast growth. MMI has been the topic of a number of research analyst reports. Wall Street Zen upgraded Marcus & Millichap from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 8th. Weiss Ratings restated a "sell (d)" rating on shares of Marcus & Millichap in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, Marcus & Millichap has a consensus rating of "Sell" and an average price target of $28.00. Discover more Stock market news Stock market holidays Stock research tools Marcus & Millichap profile. Marcus & Millichap NYSE: MMI is a leading commercial real estate brokerage firm focused on investment sales, financing, research and advisory services. Founded in 1971 by George M. Marcus and William A. Millichap, the company has grown to specialize in the marketing of multifamily, retail, office, industrial, hospitality and other commercial property types. Through an extensive network of investment specialists, Marcus & Millichap connects property owners and investors with tailored transactions across a range of asset classes. The firm offers comprehensive capital markets solutions, including debt and equity placement, structured finance, and customized financing programs. Want to see what other hedge funds are holding MMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marcus & Millichap, Inc. (NYSE:MMI - Free Report). This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Marcus & Millichap, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Marcus & Millichap wasn't on the list. While Marcus & Millichap currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys. Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead. This report highlights seven nuclear energy stocks positioned across the value chain - combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.

ApartmentBuildings.com

Aug 12th, 2026

Levin Johnston Completes 1031 Exchange with Mountain View Apartment Deal

Levin Johnston completes 1031 exchange with Mountain View Apartment deal. News | August 12, 2026 | Paul Bubny California & West + Apartment Buildings The Levin Johnston team at Marcus & Millichap directed the $12.1-million acquisition of Alamo Park Apartments, a 33-unit multifamily community in Mountain View, on behalf of a private investor. The acquisition completes a 1031 exchange that began with July's $5.6-million sale of The Colony House Apartments in Sacramento. Located at 620 Alamo Ct., the original 25-unit community was built in 1974. The previous ownership recently expanded the property from 25 units to 33, converting tuck-under parking and adding a newly constructed duplex with eight accessory dwelling units (ADUs). This gave the buyer a rare opportunity to acquire new, market-rate inventory within an established community in one of Silicon Valley's tightest submarkets, said Adam Levin, Executive Managing Director of Levin Johnston. "The additional units command new-construction rents and carry no deferred maintenance," Levin said. "Vintage Silicon Valley product typically cannot offer that positioning. We were able to negotiate a basis below recent comparable sales, which made the investment particularly compelling for our client and aligned with the long-term objectives of the exchange."

France Media

Aug 5th, 2026

MMCC secures $4.8M acquisition loan for Minnesota industrial property.

MMCC secures $4.8M acquisition loan for Minnesota industrial property. August 5, 2026 ALBERT LEA, MINN. - Marcus & Millichap Capital Corp. (MMCC) has secured a $4.8 million loan for the acquisition of a 127,869-square-foot industrial property located at 1851 Margaretha Ave. in southern Minnesota's Albert Lea. Michael Hughes of MMCC arranged the five-year loan with a national bank on behalf of the buyer. The nonrecourse loan features a 5.3 percent interest rate and 25-year amortization period. The property is currently leased to Green Bay Packaging, a sustainable packaging manufacturer with over 40 locations throughout the United States.

Citybiz

Jul 16th, 2026

Greysteel appoints Steve Swenholt as Senior Director, National Hospitality Investment Sales.

Greysteel appoints Steve Swenholt as Senior Director, National Hospitality Investment Sales. July 16, 2026 Denver-based advisor to build dedicated regional platform to include Mountain West, Great Plains, Texas and Surrounding States. Steve Swenholt Greysteel, a national commercial real estate advisory firm specializing in investment sales, debt, and structured finance, today announced the appointment of Steve Swenholt as Senior Director, National Hospitality Investment Sales. Based in Denver, Swenholt will lead the development of Greysteel's dedicated hospitality investment sales platform across Mountain West and Great Plains, as well as Texas and its surrounding states. Swenholt joins Greysteel from Marcus & Millichap, where he specialized in hospitality investment sales. He will play a primary role in building a dedicated national hospitality platform at Greysteel, supported by the firm's national investor relationships and operational resources. He will work closely with Greysteel's strong national Hospitality Debt and Structured Finance team to provide clients with integrated investment sales and capital markets solutions. "Steve brings meaningful experience in hospitality investment sales and a clear vision for growing a dedicated national platform," said Lacey Willard, Executive Vice President, Greysteel. "By combining his market expertise with Greysteel's national reach and strong Hospitality Debt and Structured Finance capabilities, we can deliver greater value to clients from border to border. We're pleased to support him as he scales his practice." "I could not be more thrilled to join Greysteel and contribute to growing this hospitality investment sales platform and team. With over a decade focused on providing value to clients in this sector, the opportunity to join Greysteel, with the shared vision of growth and support, was an obvious choice," said Swenholt. "Along with this shared vision, there is a mutual understanding of the importance of providing clients with a first-class experience based around partnership, especially in close collaboration with an experienced Hospitality Debt and Structured Finance team. I'm excited to deliver a meaningful experience to our clients." Swenholt's appointment reflects Greysteel's ongoing strategy of expanding specialized investment sales capabilities by attracting experienced advisors who want to build high-performing platforms with institutional-grade support. About Greysteel Greysteel is a premier commercial real estate investment sales and debt and structured finance advisory firm. Serving private and institutional investors across geographies and asset types, Greysteel provides a full spectrum of services, including investment sales, debt placement, equity placement, and distressed asset solutions. Founded on the principles of innovation, collaboration, and excellence, Greysteel is strategically positioned across the nation to deliver exceptional results through a seamless and comprehensive advisory platform.

World Business Outlook

Jun 19th, 2026

Marcus & Millichap chooses Brown & Brown as Preferred insurance partner.

Marcus & Millichap chooses Brown & Brown as Preferred insurance partner. Marcus & Millichap, one of the leading commercial real estate brokerage firms specialising in investment sales, financing, research and advisory services, announced on June 18th a strategic partnership with Brown & Brown, Inc., one of the world's largest insurance brokerage firms. This addition is part of Marcus & Millichap's recently launched Preferred Partner Program. Insurance costs have become an increasingly important factor in commercial real estate underwriting. Marcus & Millichap clients will gain access to data-driven insurance indications, portfolio analysis and risk management resources designed to help investors better evaluate acquisition opportunities and operating risks. Brown & Brown's National Real Estate Practice also provides access to major insurance carriers and speciality markets serving commercial real estate investors. "Insurance has become a critical component of investment analysis and transaction execution," said Richard Matricaria, chief growth officer of Marcus & Millichap. "Brown & Brown provides our clients with valuable insurance and risk insights earlier in the investment process, helping them evaluate opportunities and execute transactions with greater confidence." In addition to acquisition-focused insurance indications, Brown & Brown provides consultative services including portfolio reviews, catastrophe modelling, due diligence support and broader risk management solutions. Through the relationship, Marcus & Millichap clients and investment professionals will gain streamlined access to risk, underwriting and portfolio insights that support acquisition, underwriting and asset management decisions, along with educational content, webinars and resources focused on insurance trends and portfolio risk management. "As insurance costs continue to play a larger role in valuation and execution, commercial real estate investors are seeking greater clarity early in the transaction process," said Dan Cioci, executive vice president and director of Brown & Brown's National Real Estate Practice. "Marcus & Millichap's scale, long-standing investor relationships and national platform make them an ideal partner for Brown & Brown. Together, we are helping investors refine acquisition pricing assumptions, better evaluate risk and move through deals with greater confidence."

Marcus & Millichap

Commercial Real Estate Investment Sales Intern

About the job