Marcus & Millichap Taps Retail Veteran to Lead Strategic Expansion
Event summary
- Michael Puline joins Marcus & Millichap as senior managing director and national director of retail division.
- Puline brings 25+ years of experience, including $8.5B in leasing and sale transactions.
- Previously led national retailer strategy for a $9B retail portfolio at a Blackstone portfolio company.
- Marcus & Millichap closed 3,400 retail transactions in 2025, more than its next three competitors combined.
The big picture
Marcus & Millichap's appointment of Michael Puline underscores the firm's push to solidify its dominance in the retail real estate sector. With Puline's extensive experience in navigating complex investment environments and his established relationships, the move signals a strategic play to deepen industry connections and enhance service delivery. The firm's 2025 performance—closing 3,400 retail transactions—positions it as a market leader, but sustaining this momentum will depend on Puline's ability to leverage his network and expertise.
What we're watching
- Strategic Expansion
- How Puline's deep relationships with institutional investors and major retailers will drive growth in Marcus & Millichap's retail division.
- Market Positioning
- Whether Marcus & Millichap can sustain its lead in retail transactions against competitors, given Puline's strategic leadership.
- Execution Risk
- The pace at which Puline integrates his expertise into Marcus & Millichap's existing retail platform and advisory teams.