Marcus & Millichap Promotes Spencer Yablon and Joseph Cesta to Vice President Positions

Spencer Yablon Will Continue as Regional Manager of Philadelphia Office

PHILADELPHIA, PA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted Spencer Yablon (top right photo)  to vice president, according to Harvey E. Green, (top left photo)  president and chief executive officer of Marcus & Millichap.

Yablon currently serves as the regional manager of the Philadelphia office, a position he will continue to hold.

“Spencer’s excellent management skills, brokerage expertise and superior knowledge of the investment sales market make him a great asset to our clients and investment specialists in Philadelphia and throughout the Mid-Atlantic region,” says Green.

Yablon joined the Philadelphia office in March of 2004 and listed more than $180 million in investment properties. He was promoted to associate in September 2005. Yablon became a member of the management team in September 2006 as a sales manager of the Philadelphia office. In April 2007, he was promoted to regional manager and in 2009 he earned the firm’s Regional Manager of the Year designation.

Prior to joining the firm, Yablon worked as a wealth management consultant for a New York investment bank and was the top rookie in his training class. Prior to leaving that firm, he managed nearly $250 million for high net-worth individuals with his partners.

Yablon graduated from Lehigh University with a Bachelor of Arts in Psychology.

Joseph Cesta Remains Regional Manager of Newport Beach, CA Office

NEWPORT BEACH, CA May 21, 2009 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted Joseph Cesta  (middle left photo) to vice president, according to Harvey E. Green, president and chief executive officer of Marcus & Millichap.

 Cesta currently serves as the regional manager of the Newport Beach office, a position he will continue to hold.

“Joe’s excellent management skills, brokerage expertise and superior knowledge of the investment sales market make him a tremendous asset to our clients and investment specialists in Orange County and throughout Southern California,” says Green.

Cesta joined Marcus & Millichap in 2001 as a sales intern. He became an agent in 2002, specializing in retail investments.

 Cesta earned several sales awards and reached senior associate status in 2004. In May 2005, he joined the management team as sales manager of the Ontario office.

 Cesta then became a sales manager of the Newport Beach office in December 2007. In July 2008, he was promoted to regional manager of the Newport Beach office.

Cesta attended Arizona State University on a football scholarship and graduated with a Bachelor of Science degree in Business Marketing and a Minor in Communications.

Marco Lala of Marcus & Millichap Lists More than $30M in New York Real Estate

NEW YORK, N.Y., May 21, 2010 – Since January, Marco Lala (bottom left photo) , an associate vice president investments in the Manhattan office of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has listed and closed more than $30 million in commercial real estate assets and has been asked to perform more than 70 Broker Opinion of Values (BOVs) for banks, large institutional groups and private owners, according to J.D. Parker, (bottom right photo)  regional manager of the firm’s Manhattan office.


“Since joining Marcus & Millichap in 2008, I have been able to better serve my clients,” says Lala. “I’ve not only continued to focus on my core business in The Bronx, Manhattan and Westchester but more importantly, cover the entire metro area working with Marcus & Millichap brokers in other offices, including Brooklyn, New Haven and New Jersey.”

In 2008 and 2009, Lala brokered the sale of 62 properties.

As the investment sales market becomes even more challenging and lending sources continue to tighten, Lala’s consultative approach to brokerage has earned him the respect of some of the city’s biggest property owners, explains Parker.

“Many of the city’s local owners seek Lala’s advice or ask him to provide with a ‘back of the envelope’ analysis on their next deal,” says Parker.

Lala’s most recent closing was a 28-unit apartment building that closed for $2 million at 34 Putnam Ave. in Brewster, N.Y.

His listings include:

39-43 Garfield St., Yonkers: a seven-family residential building with 30 parking spaces for $750,000;
641 President St. and 682 Union St., Brooklyn: a mixed-use for $5,995,000;
2543-67 Decatur Ave., The Bronx: a 94-unit apartment building for $6,995,000;
2608 Creston Ave., The Bronx: a 54-unit apartment building for $4,395,000;
3128 Villa Ave., The Bronx: a 30-unit apartment building for $2,395,000;
647 Bryant Ave., The Bronx: a mixed-use building for $1,375,000;

1302 Rev. James Polite, The Bronx: an 8-unit building for $695,000
1306 Fteley Ave., The Bronx: a 63-unit and five-store mixed use asset for $5,995,000;
307 E. Tremont Ave., The Bronx: a 62-unit and a four-store mixed use building for $5,999,000;
1251-1255 Webster Ave.; The Bronx, a 55-unit asset for $4,199,000;
42 Buena Vista Ave., Yonkers, a development site for $300,000;
7 Terrace View, New York, N.Y.,: a development site for $375,000.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716