LOS ANGELES—Avison Young has hired retail specialist Stephanie Skrbin as a principal to focus on institutional retail leasing and investment. The news is part of the brokerage firm’s ongoing effort to expand its retail leasing and sales practice. Skrbin will be based in the firm’s downtown office and will partner with Avison Young principal Derrick Moore.

“Retail used to be a single stand-alone asset that investors looked at, but today we are seeing a lot of mixed-use projects, both ground-up and in adaptive reuse in Downtown L.A., West L.A. Hollywood and other parts of Southern California,” Chris Cooper, principal and senior managing director at Avison Young, tells GlobeSt.com. “As a result, we are seeing institutions as well as other high net worth individuals making significant investments in this mixed-use arena. We feel that it is very important to have the best and brightest retail talent because retail is what is driving occupancy in the associated or collateral uses of these properties.”

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