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Institutional Property Advisors Expands in Southern California with Retail Brokerage Team

March 04, 2020
Tom Lagos and Patrick Toomey

LOS ANGELES – March 4, 2020 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today that veteran retail property investment sales brokers Tom Lagos and Patrick Toomey have joined the firm in Los Angeles and El Segundo, California respectively. Previously executive vice presidents with JLL, Lagos and Toomey join as executive directors with IPA.


“Tom and Patrick’s tremendous amount of experience and track record of success will help expand the IPA Retail team’s West Coast presence,” said Scott Holmes, senior vice president and national director of IPA Retail. “Their combined 55-plus years of experience and substantial network of investor relationships will be of great value to IPA’s client base of institutional and large private investors in California, Hawaii and throughout North America.”


Lagos has been dedicated to selling retail investment assets for over 25 years and has completed more than $5 billion in retail transactions. Prior to JLL, where he was hired to help lead the capital markets retail group in the western U.S. and Hawaii, Lagos was executive vice president and director of retail services for Greater Los Angeles with Colliers International. Previously, he was senior vice president with Grubb & Ellis. Toomey’s 30-plus-year career has spanned many cycles in the real estate industry during which he has served in various roles, including ownership, finance and brokerage. In his current brokerage capacity, Toomey has completed retail transactions valued at more than $5 billion. He has also founded and grown several retail brokerage teams and served in various principal roles, including acquisitions and portfolio management for two REITs. Toomey is one of the founding members of Matthews Retail Advisors and was instrumental in growing CBRE’s National Retail Investment Group West.


“I am looking forward to extending the benefits of IPA’s cooperative, data-driven approach to brokerage to my clients,” stated Lagos. “Working within such a highly focused entrepreneurial culture is a natural fit for me.” Toomey added: “IPA has established itself as an industry leader with an enviable platform that I’m pleased to be part of.”


“Bringing Tom and Patrick on board is a tremendous gain for our West Coast clients,” said Adam Christofferson, senior vice president and division manager. “They will be excellent resources for our Southern California investment sales and financing teams and add even more strength to IPA’s leading national network of senior-level advisors.”

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About Institutional Property Advisors (IPA)

Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit

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