IPA Expands Presence in Northern California Property Market
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), has announced the appointment of Rob LeDoux as Senior Director in their Palo Alto, California office. In this role, LeDoux will focus on brokering multifamily investment property transactions, collaborating with the established IPA Northern California team comprising Philip Saglimbeni, Salvatore Saglimbeni, Stan Jones, and Alex Tartaglia.
Andrew Leahy, National Director of IPA’s multifamily division, emphasized the significance of this addition:
“IPA has built and maintained a decades-long dominant market share position throughout the Bay Area and greater Northern California. Hiring Rob deepens our ability to serve investors pursuing multifamily investment opportunities throughout Northern California and furthers our continued growth and expansion of the IPA platform.”
LeDoux brings 15 years of experience in the commercial real estate industry, particularly in serving institutional investors across Northern California. His career includes involvement in transactions encompassing over 15,000 units and totaling more than $4 billion in sales volume. Prior to joining IPA, he held a director position at Walker & Dunlop.
The IPA Northern California team now boasts over a century of combined experience in multifamily commercial real estate investment. Over the past decade, they have successfully closed more than 221 transactions, amounting to over $15 billion in value.
Philip Saglimbeni highlighted the advantages of this collaboration:
“One of the great benefits IPA provides to institutional and major private clients in Northern California is the ability to deliver advisory, acquisition and disposition services with a focused team of investment professionals. Rob’s work ethic, transactional expertise, and versatile skill set make him a valuable addition. We are very pleased to welcome him on behalf of our clients.”
LeDoux expressed his enthusiasm about joining the team, stating on LinkedIn:
“Couldn’t be more thrilled to partner with this powerhouse team! Excited for what’s ahead and eager to contribute to the team’s continued growth and success.”
Institutional Property Advisors specializes in providing real estate investment and capital markets expertise, offering tailored solutions for the acquisition, disposition, and financing of institutional properties and portfolios.
Marcus & Millichap, IPA’s parent company, is a leading brokerage firm specializing in commercial real estate investment sales, financing, research, and advisory services, with offices throughout the United States and Canada. In 2024, the company closed 7,836 transactions with a sales volume of approximately $49.6 billion.
As of May 7, 2025, Marcus & Millichap’s stock (NYSE: MMI) was trading at $29.80, reflecting a slight decrease of 0.93% from the previous close.
LeDoux’s addition to IPA is anticipated to further strengthen the firm’s capabilities in the Northern California multifamily market, enhancing service delivery to institutional and major private clients in the region.
About Institutional Property Advisors (IPA)
Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), delivers specialized real estate services to institutional and major private investors across North America. Leveraging a powerful combination of investment and capital markets expertise, proprietary technology, and award-winning research, IPA provides tailored strategies for the acquisition, disposition, and financing of institutional-grade properties and portfolios.
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a premier brokerage firm focused on commercial real estate investment sales, financing, research, and advisory services. With a presence across the United States and Canada, the firm closed 7,836 transactions in 2024, representing approximately $49.6 billion in sales volume. As of year-end, Marcus & Millichap employed 1,712 investment sales and financing professionals in over 80 offices, serving a broad range of clients in the commercial real estate market.
