Marcus & Millichap Promotes Mitchell LaBar to Executive Vice President & COO
- Mar 11, 2016
Calabasas, Calif.—Marcus & Millichap has appointed Mitchell LaBar as executive vice president & COO, effective March 31, 2016.
According to Hessam Nadji, the company’s prospective president & CEO, LaBar, who is returning to Marcus & Millichap, will be responsible for overseeing and growing the firm’s brokerage offices nationally. In his new role, LaBar will also focus on the performance, training and development of the firm’s regional managers.
“Mitch is uniquely qualified for this critical role, helping us execute our strategic initiatives and the evolution of the firm into our next phase of growth,” Nadji said in prepared remarks. “He has a diverse, 25-year history with the firm as an agent, regional manager, division manager and former partner of Marcus & Millichap before its IPO. His key experiences in opening offices that became top performers and relationships with many of our top agents and managers will be extremely valuable as we lead the firm forward,” Nadji added. In his new role, LaBar will report to and work closely with Nadji.
LaBar joined Marcus & Millichap as an agent in the firm’s Newport Beach, Calif., office back in 1984. He became a regional manager in 1989 and opened the firm’s Ontario, Calif., office, which remains one of the firm’s top-producing offices. He became a division manager in 1996, overseeing offices in Southern California and was then chosen to expand the firm in the Northeast. He opened and successfully ran several offices throughout the Northeast region.
Later in 2008, LaBar left the firm to become a successful private real estate investor. He was tapped in 2015 as a consultant to assist with enhancing the firm’s management leadership training and development programs. “Working closely with Mitch over the last year enabled us to develop a productive and collaborative dynamic and helped cement the decision for his selection. We are delighted to have him on board as part of the leadership team,” Nadji continued.
“I am thrilled to return to Marcus & Millichap as its chief operating officer. It is a pleasure to be officially reunited with such a dynamic and successful platform. I look forward to joining my team members in both strengthening and expanding the Marcus & Millichap platform as an engine for the continued delivery of shareholder value,” commented LaBar.
Image courtesy of The Ira A. Fulton College of Engineering and Technology