Sales volume and tenure earned promotions for John Barker, Chris Deuillet, Jeff Dowdle, Howard Fuerst, Gavin Kam and David Tuttle. "They're all having a very good year," says Tim A. Speck, vice president and regional manager in Dallas.
In the past year, the local team closed $670 million in deals, up 90% from the previous year and raising the bar for the future. This year, the office is on track to close about $900 million. "They're outpacing the market in terms of growth," Speck says. Marketwide, non-Texas investors account for about 30% of the capital for in-state deals. The Marcus & Millichap crew is importing 70% of its capital flow from outside the state, Speck tells GlobeSt.com.
The Dallas office is ranked fifth in the Marcus & Millichap network. But, Speck's plan is to climb the ladder a notch or two as the second consecutive record-breaking year unfolds. "Our guys are excelling and making large gains," he says.
Barker has earned four sales awards since joining the firm three years ago. Earlier this year, he was named associate director of Marcus & Millichap's National Multi-Housing Group and started a special sales team within the hierarchy.
Deuillet, also an award-winning dealmaker, joined the firm in 2000. He's now an associate director in the national multi-housing group. Dowdle, an associate member of the multi-housing group, came on board in 1999, earning an achievement award two years ago.
Fuerst, with three years tenure in the firm, is a 20-year broker with numerous awards for record sales of primarily shopping centers. Kam, also hired in 2002, has carved a niche in single-tenant retail sales. He is a director in the firm's national retail group. Tuttle, another 2002 hire, specializes on investment sales of office and industrial properties in the region.
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