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As part of an effort to beef up its loan-brokerage business, Marcus & Millichap has hired veteran real estate executive Jerry Wise to head a new office in West Los Angeles.
The Encino, Calif., firm, will transfer about 25 employees from other locations to the new office and also hire two dozen additional producers. The office will focus on placing loans of $5 million to $50 million.
Marcus & Millichap...