Marcus & Millichap, Inc., was incorporated in Delaware on August 26, 1976. The Company was formed as a G. M. Marcus & Company, and was renamed as Marcus & Millichap, Inc in August 1978. In June 2013, in preparation for the spin-off of its real estate investment services business (the "Spin-Off"), MMC formed a holding company called Marcus & Millichap, Inc. in Delaware. The Company is a national brokerage firm engaged in commercial real estate investment sales, financing, research and advisory services. The Company offers market research, consulting and advisory services to developers, lenders, owners and investors. It also services to its clients: commercial real estate investment brokerage and financing. Its advisory services include opinions of value, operating and financial performance benchmarking analysis, specific asset buy-sell strategies, market and submarket analysis and ranking, portfolio strategies by property type, market and development and redevelopment feasibility studies. The Company competes in real estate brokerage and financing within the commercial real estate industry on national, regional and local basis. The Company is subject to governmental laws and regulations.