Experienced Retail-Focused Investment Team Joins Marcus & Millichap in Los Angeles
LOS ANGELES, March 9, 2020 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today that a veteran real estate team focused on retail property investments has joined the firm in Los Angeles. Led by Orbell Ovaness, formerly a first vice president with CBRE, and Ara Rostamian, previously a vice president with SRS Real Estate Partners, the roster includes Aren Ohanian, MBA, Jason Anguiano and Peter Girr.
“Adding this team is a big gain for our clients,” said Enrique Wong, first vice president and regional manager of the firm’s Los Angeles office. “The depth of knowledge and experience with every type of retail real estate that Orbell, Ara and their team bring to our Los Angeles office is of tremendous value to investors in Los Angeles and throughout Southern California.”
An 18-year veteran in his field, Ovaness is first vice president investments with Marcus & Millichap. He is a high-street retail, grocery-anchored shopping center and mixed-use property specialist who has exclusively listed and sold commercial real estate valued at over $750 million.
A vice president with Marcus & Millichap, Rostamian has focused on single-tenant net-leased assets and ground-up development and redevelopment of retail throughout Southern California and the western United States during his 13-year career. At SRS, Rostamian listed and sold single-tenant and strip retail valued at over $64 million. Prior to SRS, he worked with Strategic Development Advisors where he was directly involved in more than $115 million in retail investment transactions and over $30 million in retail development sites. Rostamian holds a Master of Real Estate Development degree from the University of Southern California (USC) and a bachelor’s degree in business administration with an emphasis in real estate from California State University, Northridge. He is a member of ICSC, the Urban Land Institute, USC Price Real Estate Affiliates and the USC Alumni Real Estate Network.
# # #
About Marcus & Millichap (NYSE: MMI)
With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.