Los Angeles, Calif. – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, is pleased to announce the promotions of two of its team members. Mark Witsken is now Senior Vice President and Travis Traweek is now Vice President.
“Mark and Travis have gone above and beyond expectations throughout their time with Stepp Commercial,” said Robert Stepp, Principal at Stepp Commercial. “They have consistently provided expert advisement and service to our clients, helping them realize their investment and financial goals which has resulted in strong transactional activity and solid reputations in the multifamily investment community.”
In addition to executing transactions in the greater Los Angeles area, Witsken has become one of the most in-demand experts for California multifamily property owners seeking out-of-state 1031 exchanges. Over the past three years at Stepp Commercial, Witsken’s rigorous methodology and hands-on approach have resulted in an average cash flow increase of 43% for his clients. He has developed strong relationships with brokers, lenders, attorneys, property managers and other third parties in key markets such as Austin, Nashville, Tampa, and Phoenix, ensuring a level of on-the-ground responsiveness required to complete out-of-state transactions smoothly.
Traweek joined Stepp Commercial as an Investment Analyst in 2017 and proved to be an invaluable resource in providing detailed analytics and underwriting, as well as insightful information on the market and economic trends affecting property owners. In 2019 Travis was promoted to Senior Investment Associate and is currently ranked by Costar in the top five Long Beach multifamily brokers. Traweek is well-versed in the intricacies of opportunity zones, DSTs and 1031 exchanges (both in and out-of-state) and provides his clients with incisive knowledge and insight to help them understand the nuances of prospective investments.