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Marcus & Millichap announces exec promotions
Encino, Calif. -- Marcus & Millichap Real Estate Investment Services said it has promoted Brian S. Munn to the position of VP investments in the company’s Atlanta office. Most recently, Munn held the position of senior associate.
The company also announced that it has promoted Kyle B. Matthews to the position of VP investments in its Encino, Calif., office. Most recently, Matthews held the position of associate VP investments.
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U.S. consumer confidence plunges in August
Washington, D.C. -- A report released Tuesday by the Conference Board said that confidence among U.S. consumers sunk to a two-year low in August, as Americans faced continued unemployment woes and worsening business and economic conditions.
The Conference Board’s index plunged to 44.5, the weakest since April 2009 and the biggest point drop since October 2008. Economists predicted the August gauge would fall to 52, according to the median forecast in a Bloomberg News survey.