California People and Company News, Week of June 5, 2026
Why this matters
The reappointment of Aaron Fierstein as senior director of investments at Marcus & Millichap's Los Angeles office underscores a strategic pivot within the multifamily sector, particularly in a market characterized by evolving demand dynamics. Fierstein's extensive experience in multifamily sales and acquisitions signals a renewed focus on this asset class, which has historically been a cornerstone of institutional investment portfolios. This development is noteworthy as it reflects broader capital flows favoring multifamily properties amid ongoing uncertainties in the office sector. As remote work trends persist and corporate occupancy rates fluctuate, institutional investors may be recalibrating their strategies to prioritize residential assets that offer more stable cash flows. The emphasis on multifamily investments suggests a potential shift in risk appetite, as allocators seek to hedge against volatility in traditional office spaces. Moreover, the appointment may indicate a tightening of lending conditions for office properties, prompting firms like Marcus & Millichap to bolster their multifamily capabilities. This strategic positioning could enhance their competitive edge in a market where institutional capital is increasingly discerning, favoring sectors with resilient fundamentals and growth potential.
Editorial analysis · AI-assisted
On the RET wire
- The 14th Los Angeles story tracked on the wire in June 2026. All Los Angeles coverage →
- Disclosed office deal value tracked in June 2026: $9.2B across 60 reported transactions. All Office coverage →
Computed from Real Estate Trail’s own tracked coverage
Marcus & Millichap announced that Aaron Fierstein has rejoined the firm’s Los Angeles office as senior director investments. With more than 28 years of experience specializing in multifamily sales, acquisitions and 10…
External link. Real Estate Trail does not republish source content.
Related coverage — Los Angeles · Office
Ross Stores Takes 115K SF for West Coast Merchandising Hub
Discount retailer Ross Stores has signed a 115,000-square-foot lease in one of the largest recent office commitments in Downtown Los Angeles, Commercial Observer can first report. The company will relocate its West Co…
RMR Lines Up $272M Mortgage Financing for Cedars-Sinai MOBs
The RMR Group Inc. has facilitated a $272.1-million interest-only mortgage financing secured by 8631 and 8635 W. Third St., two medical office buildings anchored by Cedars-Sinai Medical Center in Los Angeles. Morgan S…
Anderson Family Properties Lands $550M Refi for Century City Office Campus
Anderson Family Properties is set to close one of the largest U.S. office financing deals of the year in Los Angeles’ premier office submarket. The firm has secured a $550 million refinancing for its 940,000-square-fo…
L.A. Industrial Vacancy Falls for First Time in Two Years
Los Angeles County’s industrial real estate market extended its recovery over the summer with its fourth quarter in a row of positive net absorption and its first annual decline in vacancy in at least two years.…
Sierra Ridge Capital Buys 123,032 SF Industrial Building in Phoenix for $31M
PHOENIX — Los Angeles-based Sierra Ridge Capital has acquired 3137 East Elwood Street, an industrial property in Phoenix, from Arizona-based 3137 East Elwood LLC for $31 million. Gary Cornish, Nico Burgarello, Barry G…
CrownGuard Capital Provides $15.5M in Financing for Multifamily Repositioning Project in Rochester
ROCHESTER, N.Y. — CrownGuard Capital, a Los Angeles-based commercial lender, has provided $15.5 million in bridge and construction financing for a 95-unit multifamily repositioning project in Rochester. The address of…