M&M Rainmaker Joins Capital Pacific

SAN FRANCISCO-Chris Kostanecki left his post as senior director of Marcus & Millichap’s National Retail Group earlier this year to form a partnership with Capital Pacific, a Portland, OR-based company specializing in the sale of investment properties across the US. That partnership is now in full effect, with Kostanecki and his partners at M&M, Zeb Ripple and Chris Peters, heading up Capital Pacific in California from their office at Four Embarcadero Center in San Francisco.Capital Pacific was formed in the late 1990s by Mike Horowitz, another former M&M rainmaker, and Scott Fuller, a one-time investment broker with CB Richard Ellis who went out on his own in the early 1990s. With Kostanecki and his team, Capital Pacific is gaining one of the top producing retail brokerage teams in the M&M organization. Their clientele includes CNL Realty, Kimco and Crow Holdings. Kostanecki tells GlobeSt.com his team will continue to focus on the sale of open air retail centers and single-tenant retail properties throughout the US. “This merger is about collaboration, raising the bar and integrating best practices,” he says. Fuller tells GlobeSt.com that this is Capital Pacific’s first expansion, and further expansion is currently under review. “We’re working with various third parties right now on creating a new business model based on technology and changes in business structures,” he says. “To the extent that we can create a new model–something that is different and adds value–we will (open additional offices).”Bernard Haddigan, the national director for M&M’s National Retail Group, was succinct in commenting on Kostanecki’s departure. “I wish him well,” he tells GlobeSt.com. In a prepared statement, Jeffrey Mishkin, M&M’s San Francisco regional manager, had more to say: “A lot of successful agents reach a point in their careers when they want to try running their own business and we support that. However, a good portion end up coming back when they discover the administrative support and time required to run a business.”