Tuesday, April 13, 2010

Harvey E. Green of Marcus & Millichap Retires

PALO ALTO, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, announced today that president and chief executive officer, Harvey E. Green, (top right photo)  has retired from the firm. A formal search is being initiated with Green’s input and participation.

“Harvey’s tireless energy, dedication and passion have been driving forces behind the firm’s tremendous expansion and emergence as the leader in real estate investment brokerage,” says George M. Marcus, (top left photo)  founder and chairman. “The firm would not be where it is today without his leadership,” he adds.

Green joined Marcus & Millichap in 1981 and quickly rose through the ranks having opened the firm’s Encino office, which became a flagship operation. He was named chief operating officer in 1996 and then president and CEO in 2000, at which time he accelerated the firm’s aggressive national expansion. Green led the company’s growth from 22 offices and 424 agents in 1996 to 76 offices and over 1,200 agents currently.

During this period, the volume of transactions arranged by the firm grew from just over 1,000 in 1996 to more than 3,400 in 2009, the highest of any real estate brokerage company.

 Green is widely recognized as a leading real estate expert by the national media and is a frequent contributor to such leading media outlets as CNBC, Fox Business News, Wall Street Journal, New York Times and Los Angeles Times.

Throughout his 29 years with the firm, Harvey has set an exceptionally high standard of performance and professionalism and led by example in every way,” says William A. Millichap (middle right photo)  the firm’s co-founder and co-chairman.

“He has contributed greatly to the development of the firm’s management team and its top investment specialists, and his input in the selection and orientation of his successor will be vital,” he notes.

“I am very proud of our accomplishments as a team,” says Green. “We have always been a forward-looking firm and collectively believe this is the best time to establish new leadership to take the company to its next phase of growth.”

WCI Communities Hires Marcus & Millichap to Sell Sun city Golf Course Portfolio in Florida  

SUN CITY CENTER, Fla., April 12, 2009 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services, has been retained by WCI Communities to exclusively market seven of its golf courses in Sun City Center, Fla.

WCI Communities, a builder of upscale, lifestyle communities, is listing the properties with Steve Ekovich (bottom left photo); a vice president investments and director of the National Golf and Resort Properties Group of Marcus & Millichap; and the group’s co-founder, PGA Professional, Chris Karamitsos, (bottom right photo)  according to Bryn D. Merrey, regional manager of Marcus & Millichap’s Tampa office.

The seven-course portfolio consists of the two premier 18-hole courses, Scepter Golf Club and Club Renaissance, two 27-hole championship courses Falcon Watch and Sandpiper, two executive courses, Kings Point and Caloosa Greens and the 18-hole North Lakes Golf Club.

The portfolio includes all of the golf courses, golf club amenities and all maintenance equipment and facilities.

Built in the 1960s, Sun City Center is located less than 20 miles from the heart of downtown Tampa. It began as an active retirement community with such recreational activities as tennis, swimming, shuffleboard, lawn bowling and golf.

Since that time, WCI has grown Sun City Center into a 12,000-plus household development, providing residents with state-of-the-art amenities that include recreation centers, baseball fields, fitness and spa centers and some of the Tampa Bay area’s finest golf courses, designed by architects such as Chip Powell and Ron Garl.

Since successfully reorganizing in 2009, WCI’s strategic direction has included disposing of certain non-core assets. The courses may be purchased individually; however, priority is being given to portfolio offers first, followed by multi-course offers and then by individual course offers.

“Even before the portfolio hit the market on April 2, there was significant interest due to the quality of assets, reasonable pricing and the potential for an instant golf footprint in this golf-centric market,” according to Ekovich.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

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