CALABASAS, CA—Marcus & Millichap said Monday that SVP William E. Hughes, who heads the company's Marcus & Millichap Capital Corp. financing division, is transitioning into retirement. The company veteran will continue to oversee MMCC until his successor is chosen.
“For more than 20 years Bill has worked tirelessly to build our financing services, support our professionals and contribute to the firm's overall growth,” says Hessam Nadji, president and CEO of Marcus & Millichap. “As a longstanding member of the senior management team, Bill has played a significant role in shaping the direction of MMCC and the firm in general.”
Once his replacement is selected and oriented, Hughes will remain an active advisor for some time to ensure a seamless leadership transition. “Financing represents a critical and exciting growth opportunity for MMI,” notes Nadji. “We expect Bill's successor to accelerate MMCC's growth and its capital markets capabilities.”
Hughes joined Marcus & Millichap in 1996. Under his leadership, MMCC has grown into a national platform that in 2016 sourced and closed $5.1 billion in commercial real estate debt and equity structures.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
