CALABASAS, CA-Marcus & Millichap Real Estate Investment Services has promoted six Southern California-based agents to VP investments. According to M&M, this designation exemplifies superior performance achieved by an associate during his or her sales care at the firm and in the investment real estate brokerage profession.
Martin Agnew will be based in the Encino office and will focus on the office and industrial sectors. Mark Bridge and Ron Duong will be based in Newport Beach, with Bridge focusing on multifamily and Duong focusing on retail. Jim Kordell and Richard Longobardo will be based in Ontario, Kordell focusing on multifamily and Longobardo on retail. Lastly, Mark Thiel will be based in San Diego and focus on the retail/net-leased sector.
Before being promoted, all of the agents except for Agnew held the title associate VP investments. Agnew had been a senior associate.
“With this promotion, these commercial real estate investment specialists have earned a prestigious designation within the firm and solidified their reputations as knowledgeable and successful investment professionals,” says Kent Williams, SVP and managing director of M&MREIS. “Their focus on providing superior client services has earned them a high degree of loyalty and respect form investors as well as from their peers.”
Williams tells GlobeSt.com, “The title vice president investments at Marcus & Millichap is an important recognition for years of achievement and excellence in investment brokerage. It is a reflection of the talent pool that exists in our Southern California offices. Marcus & Millichap does not hand out vice president titles quickly; our titles take years of accomplishment to earn. These agents represent the best of the best.”
As GlobeSt.com reported last week, M&M is more optimistic than Chris Muoio of Auction.com Research about the recent Bureau of Labor Statistics report that showed June’s employment gain was revised slightly lower, and July’s gain measured just 162,000. M&M reports that when viewed alongside the steady decline in initial unemployment claims, the trends point to a resilient and steadily improving employment market.