Marcus & Millichap Adds Investment Sales Hire

NEW YORK CITY-Marcus & Millichap Real Estate Investment Services has hired Marco Lala as an associate vice president of investments in the Manhattan office. In his new post, Lala will handle a variety of property types, including multifamily, commercial, retail, industrial and vacant land investment sales.

Lala–whose first job in commercial real estate was with Marcus & Millichap in 1997 for about two years–tells GlobeSt.com that he first left the firm because he was wanted to experience a smaller one so he joined Queens-based WRA Properties Inc. for a few years. He then left to participate in Massey Knakal Realty’s expansion into the outer boroughs. As a partner at Massey Knakal, Lala spearheaded the company’s expansion effort in the outer boroughs and under his leadership, Lala and his partners grew the office from 20 staff members to nearly 200 brokers and support staff. A Massey Knakal spokesperson tells GlobeSt.com that it has “no comment on Marco’s departure,” except to say that “we wish him the best.”

Lala, who graduated from Manhattan College, tells GlobeSt.com that his local sales experience, which he called his “core business,” has always been in the Bronx, Manhattan and Westchester, and is something he brings to the table at Marcus & Millichap. In his new position, he hopes to not only strengthen that core business, but further it along with expansion into multi-state transactions as well. Lala explains to GlobeSt.com that now, in his new post, he has completely eliminated any management/business responsibilities and says he is able to spread his elbows a bit and work on other areas. “I have more latitude to work on other areas and can focus more on brokerage.”