CHICAGO-Encino, CA-based Marcus & Millichap Real Estate Investment Services has elected Yitzie Sommer as vice president, according to John J. Kerin, president and chief executive officer. Sommer works in the firm’s Chicago Downtown office.
“Research is an integral part of our client services and Yitzie's contributions to the firm's research division have been invaluable to our agents and clients,” says Kerin. “As vice president, Yitzie will continue to work closely with our investment specialists to support property valuation and advise clients on the latest market trends and developments.”
Sommer began his career with Marcus & Millichap in 1999 as a part-time research intern in the Chicago office. He joined the firm full time in 2001 as the research manager for the Chicago, Indianapolis and Milwaukee offices.
In 2002, Sommer became the research manager for the National Office and Industrial Properties Group. He was promoted to senior director of research for NOIPG in 2004. Since May 2010, Sommer's responsibilities have expanded to include all commercial property groups, including retail.
As GlobeSt.com previously reported, the firm also recently promoted Mondana Hamzavi as vice president. Hamzavi began her career with Marcus & Millichap in 2007 as a controller. The company also recently promoted Michael A. Mele to first vice president investments. Mele joined the firm in May 1999 and was promoted to senior associate in May 2002. He was named vice president investments in January 2008.
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