News Release 5/ 23/ 2022

Northmarq’s Los Angeles office expands with two long-time multifamily IS brokers

MINNEAPOLIS, MINNESOTA (May 23, 2022) — Northmarq’s Investment Sales platform continues to grow, with two experienced brokers joining five multifamily brokers in the Los Angeles office. Senior Vice President Mike Hanassab and Senior Vice President Elliot Hassan come to Northmarq from James Capital Advisors along with Associate Broker Sam Krutonog. Northmarq now has five offices in the Southern California area: Los Angeles, Westlake, El Segundo, Newport, and San Diego.

Hanassab and Hassan, who both started in the industry in 2004, advise clients in the disposition and acquisition of multifamily properties in Southern California and have extensive knowledge of mid-market and institutional-quality multifamily assets. Having closed more than $3 billion in multifamily sales, the team has represented many different investors ranging from private parties to publicly traded REITs.

“With the total number of brokers now at seven in our Los Angeles office, we continue to improve our capacity to serve clients within our region,” said Trevor Koskovich, president – Investment Sales. “Mike and Elliot exemplify the things we prioritize on our team: long-standing quality relationships with a variety of investors and proven experience in the Greater Los Angeles and Southern California markets.”

Hanassab, who has specialized in the San Fernando Valley, advises clients on their real estate investment goals through aggressive underwriting, strategic marketing, and navigation of the 1031 exchange process. Hassan has focused on mid to large apartment properties throughout Los Angeles County and works with clients to create strategies that maximize value during the transaction process. Both are native Southern California residents.

Northmarq’s Investment Sales platform sold more than 300 properties in 2021 totaling over $11.7 billion and has with a robust pipeline of more than 270 properties valued at $9 billion. See the company’s listings: https://listings.northmarq.com/