Calabasas-based real estate brokerage Marcus & Millichap has expanded its reach into Los Angeles with the opening of a new office in Century City.
The office will have approximately 180 commercial real estate brokers and capital markets financing professionals.
Tony Solomon, senior vice president and district manager of Marcus & Millichap, and George Azzi, associate regional manager, will oversee the new office.
“Located in a leading Los Angeles business center, our new office integrates the firm’s former Downtown and West Los Angeles offices into one coordinated flagship office that supports our unique collaborative approach to commercial property investment sales and financing,” Solomon said in a statement. “It’s very exciting for clients and our advisors to benefit from the consolidation of our team’s vast brokerage and capital markets financing expertise and experience under one roof. The synergies are fantastic.”
“The new Los Angeles office provides a powerful base of operations for the implementation of our Southern California-based strategic growth initiatives,” added Adam Christofferson, senior vice president and division manager of Marcus & Millichap. “We have some of the firm’s most talented senior-level investment and financing advisors in Los Angeles, with decades of proficiency assisting clients through economic cycles.”
The Century City office is located at 1900 Avenue of the Stars.
Marcus & Millichap has 82 offices throughout the United States and Canada.
Marcus & Millichap remains active, having transacted the Feb. 7 sale of a 138,445-square-foot grocery-anchored retail property in Vineland, N.J., for $19.3 million. The firm also arranged the Feb. 6 sale of a 40,448-square-foot multitenant retail property in Greeneville, Tenn., representing the seller in the $2.4 million transaction. Also on Feb. 6, it was announced that Marcus & Millichap brokered the sale of the View at Marlton, a 91,000-square-foot shopping center in Marlton, N.J., which is located roughly 18 miles east of downtown Philadelphia. That property sold for $36.5 million.
