Marcus & Millichap’s appointed a new CEO as of March 31.
Hessam Nadji, the company's new leader, draws on a background from research and information to team-building for his new post. The 20-year company veteran was hired by Bill Millichap in 1996 as the company’s first head of research. Nadji worked at Grubb & Ellis for 11 years, where he ultimately rose to head of research and information services, working with Hal Ellis.
Nadji joined Marcus & Millichap, then a Western US brokerage company, to augment the firm’s real estate investment sales platform with an advisory orientation as the company set out to open offices nationally. In a few years, he helped establish Marcus & Millichap as one of the top sources of economic and real estate investment trends.
Over the years, Nadji's role expanded to head of marketing, where he helped to solidify the firm’s national brand, developed the firm’s growth strategy and played a key role on the leadership team that took the company public in 2013. Under former Marcus & Millichap CEO John Kerin, who recently retired after a successful 35-year career with the company, Nadji was tasked with overseeing and growing the firm’s specialty brokerage divisions which entailed leading some of the firm’s top brokers. Under Nadji’s leadership, the company’s 16 specialty divisions registered sales growth, closing over $21 billion in 2015.