CALABASAS, CA—Marcus & Millichap has hired Scott M. Holmes to lead its national retail division. Holmes, who has joined the firm as SVP and national director, has closed more than $6 billion of commercial real estate transactions over a 25-year period.
“I look forward to hitting the ground running at Marcus & Millichap,” says Holmes. “This is an exciting time to be in the retail industry and a perfect opportunity for me personally to take the helm of this uniquely positioned division at one of the leading retail investment advisory firms in the country.”
Most recently, Holmes was an SVP at Cole Real Estate Investments Inc. where he was responsible for leading the company's shopping center acquisitions team, overseeing national investment activities, and sourcing acquisitions nationally. Before that, he held leadership roles at AEW Capital Management LP and American Realty Advisors.
“Given his experience and deep institutional background, we are excited for him to take the reins in leading what will become the next iteration of both Marcus & Millichap and Institutional Property Advisors' retail divisions,” says Alan Pontius, national director of Marcus & Millichap's specialty divisions. In the 12 months that ended Sept. 30, the firm's retail division—among the industry's leading brokers of single-tenant net lease assets and shopping centers—closed $11.62 billion in sales volume; IPA is a specialized division of Marcus & Millichap that provides brokerage and advisory services to major clients.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
