Marcus & Millichap Buys Canadian Real Estate Firm

Marcus & Millichap Inc. has acquired Canadian real estate firm Primecorp Commercial Realty Inc., the Calabasas brokerage announced Monday. Primecorp is based in Ottawa and Gatineau and covers markets from Ontario and Quebec. The deal was closed on Oct. 1. Last month, Marcus & Millichap announced the acquisition of Montreal-based commercial real estate firm McGill Commercial. The two acquisitions give the company a presence in every major metropolitan market in Canada. “The acquisition of Primecorp, our second acquisition in Canada this year, further strengthens our platform while providing entry into a key market,” said Chief Executive Hessam Nadji in a statement. “Primecorp is a well-established company in its respective markets with a similar culture and business model to ours as well as a proven ability to execute transactions across all product types including a major focus in multifamily.”