PALTO ALTO, CALIF. — After a three-month search, Marcus & Millichap has found its new leader. John Kerin, formerly a senior vice president and the firm's managing director, will now serve as president and CEO. Kerin first joined the firm in 1981, and by 1986 was one of its top producers. In 1987, he was promoted to regional manager of the Los Angeles office and was promoted to first vice president in 1994. He has been managing director since 1996.
In a statement, George Marcus, founder and chairman of Marcus & Millichap, said, “Marcus & Millichap is entering a new and exciting phase of growth, and John is uniquely qualified to lead our efforts to expand market share and improve our agent support and client services. The depth of John's experience and having supervised numerous operations throughout the country for the past several years gives him the knowledge and understanding essential to strengthening our value proposition.”
Kerin replaces Harvey Green, who served as president from 2000 until April of this year, when he announced his retirement. At the time, Green commented that he felt that as the real estate industry emerged from the current economic cycle it was important to have new management in place.
— Coleman Wood