Calabasas, Calif. — Marcus & Millichap has hired Scott Holmes as senior vice president and national director of its retail division.
The industry veteran will be responsible for directing the firm’s retail business strategy nationwide.
Most recently, Holmes served as senior vice president 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.
“We are very pleased to welcome to our team a professional as seasoned and well-regarded in the industry as Scott,” said Alan Pontius, national director of specialty divisions at Marcus & Millichap, in an official statement. “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.”
Holmes has held leadership roles at AEW Capital Management LP and American Realty Advisors. Over the course of his career, he has closed more than $6 billion in commercial real estate transactions.
“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,” said Holmes.