NEWPORT BEACH, CA-Marcus & Millichap Real Estate Investment Services exclusively tells GlobeSt.com that it has hired two new investment specialists—W. Michael Cavner and Matthew LoPiccolo—in Southern California. Prior to joining Marcus & Millichap, Cavner was a principal at Irvine, CA-based Investment Property Group. LoPiccolo was an investment specialist at Capital Real Estate in San Diego.
In his new post as a senior associate in the Newport Beach, CA office of Marcus & Millichap, Cavner specializes in the sale of Orange County multifamily properties. “Michael brings an in-depth understanding of the Orange County multifamily market, as well as a strong track record of closing investment property sales, to his new position,” says Joseph Cesta, regional manager of the Newport Beach office. “Michael has assisted many private investors in building and expanding their real estate portfolios. He will be an asset to our office and clients, especially as the Orange County apartment sector continues to tighten and more investors seek out quality product,” Cesta adds.
Since he began his career with Investment Property Group in 1997, Cavner has overseen the disposition of nearly $300 million in multifamily assets. Cavner received his bachelor’s degree from the University of California, Irvine, and is affiliated with several trade organizations including the National Association of Realtors, California Association of Realtors, and the Apartment Association of Orange County.
Working from the San Diego office as an associate, LoPiccolo will specialize in the sale of retail properties throughout San Diego County. “Matt has strong ties to the San Diego real estate industry,” says John Vorsheck, regional manager of Marcus & Millichap’s San Diego office. “Having been raised in a real estate family, he brings a lifetime of experience to his position as a retail investment specialist. With his impressive list of clients and strong sales experience, Matt will help us capture significant market share in the local retail investment sector.”
After graduating from Michigan State University with a degree in communications and business, LoPiccolo worked as a project manager for his family’s residential development company, where he managed 40 residential projects over a two-year period. In 2007, he was hired as an investment specialist at Capital Real Estate, a local boutique brokerage firm, where he brokered the sale of retail assets. Before leaving Capital Real Estate, LoPiccolo was the firm’s top-producing agent.
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