Lala--whose first job in commercial real estate was with Marcus& Millichap in 1997 for about two years--tells GlobeSt.com thathe first left the firm because he was wanted to experience asmaller one so he joined Queens-based WRA Properties Inc. for a fewyears. He then left to participate in Massey Knakal Realty'sexpansion into the outer boroughs. As a partner at Massey Knakal,Lala spearheaded the company's expansion effort in the outerboroughs and under his leadership, Lala and his partners grew theoffice from 20 staff members to nearly 200 brokers and supportstaff. A Massey Knakal spokesperson tells GlobeSt.com that it has"no comment on Marco's departure," except to say that "we wish himthe best."

Lala, who graduated from Manhattan College, tells GlobeSt.comthat his local sales experience, which he called his "corebusiness," has always been in the Bronx, Manhattan and Westchester,and is something he brings to the table at Marcus & Millichap.In his new position, he hopes to not only strengthen that corebusiness, but further it along with expansion into multi-statetransactions as well. Lala explains to GlobeSt.com that now, in hisnew post, he has completely eliminated any management/businessresponsibilities and says he is able to spread his elbows a bit andwork on other areas. "I have more latitude to work on other areasand can focus more on brokerage."

The Bronx, Northern Manhattan and Westchester are all "finalfrontiers of double digit returns," Lala tells GlobeSt.com. He saysthat with the market correction, we are going to start seeing thatagain and although they have been attractive to the easy money thatwas available, "in those areas, this correction is going to bringback a little more sanity in the underwriting process there."