Orbell Ovaness
First Vice President
Orbell Ovaness is professionally recognized as a leader in his niche of real estate, focusing on high-street retail, grocery-anchored shopping centers, single tenant net lease and complex mixed-use developments. Orbell has built a team of seasoned advisors to navigate clients through the strategic acquisition; disposition; and re-positioning of retail and mixed-use real estate properties throughout Los Angeles, Southern California, and Major MSA’s throughout the U.S. Throughout his successful 20-year career, Orbell has exclusively listed and sold over $1 Billion worth of real estate transactions - a testament of his command in business relationships, financial analysis and underwriting. Working with some of the world’s most visible high net worth families, REIT’s and institutional companies, Orbell offers invaluable insight on current market trends to his national and international clients alike. The evolution of his career has taken him from small brand to prestigious corporate firms, shaping his unique and undoubtedly accomplished take on the make-up of commercial real estate. Following his 8-year tenure as Executive Vice President of BRC Advisors, Inc., Orbell, in 2016, was named First Vice President of CBRE, Inc. Shortly thereafter, in 2017, Orbell became the number one retail investment sales broker for CBRE’s Beverly Hills office, ranking him in the top ten of investment sales advisors for all of CBRE’s Southern California region. Orbell began his real estate career with Marcus & Millichap in 2003 as an Investment Associate; 17-years later he is the First Vice President of the very firm that started it all. Orbell’s graduate studies at California State University, Northridge included Business Management Information Systems with a strong emphasis in Real Estate. A philanthropist and an entrepreneur, Orbell is a leader within his community and an active member of various professional organizations including the International Council of Shopping Centers.
- SpecialtiesInvestment Sales Broker, Tenant Rep
- LanguagesEnglish, Armenian
- MarketsLos Angeles, Bakersfield
- Property TypesIndustrial, Land, Office, Retail, Multifamily
- AwardsChairman's Club - 2022
- Websites
- Company WebsiteVisit Site
- EducationCalifornia State University, Northridge - Bachelor's Degree, Management Information Systems with a Minor in Real Estate
- OrganizationsInternational Council of Shopping Centers (ICSC)
$35,098,873 USD
Retail - For Sale61,181 SF | 5.5% Cap Rate
$4,732,741 USD
Retail - For Sale7,338 SF | 5.5% Cap Rate
$1,539,533 USD
Freestanding - For Sale2,894 SF | 7.5% Cap Rate
$10,157,943 USD
Supermarket - For Sale65,668 SF | 7% Cap Rate
$9,750,000 USD
Retail - For Sale31,410 SF | Request Cap Rate
$1,200,000 USD
Freestanding - For Sale1,975 SF | Request Cap Rate
$4,000,000 USD
Drug Store - For Sale16,708 SF | Request Cap Rate
$5,151,250 USD
Storefront - For Sale15,309 SF | 6.09% Cap Rate
$2,800,000 USD
Storefront - For Sale9,946 SF | 5.47% Cap Rate
$1,400,000 USD
Medical - For Sale3,250 SF | 6.44% Cap Rate
$3,370,000 USD
Restaurant - For Sale8,600 SF | Request Cap Rate
$3,000,000 USD
Storefront - For Sale17,340 SF | Request Cap Rate
$10,875,000 USD
Storefront - For Sale77,299 SF | 6.83% Cap Rate
$3,500,000 USD
Restaurant - For Sale14,240 SF | 9.62% Cap Rate
$3,500,000 USD
Apartments - For Sale6,296 SF | 4.73% Cap Rate
$830,000 USD
Freestanding - For Sale9,100 SF | 7.13% Cap Rate
$6,999,999 USD
Supermarket - For Sale32,000 SF | Request Cap Rate
RENT WITHHELD
Retail - For Rent
RENT WITHHELD
Retail - For Rent