Our Team

The Duong Retail Group is a leader in the disposition of investment retail properties throughout the United States. Our team, through its strategic partnership with Marcus & Millichap, is recognized as the premier source for sellers seeking to achieve maximum pricing and optimal execution when disposing of single and multi-tenant retail assets. Our aggressive pricing strategies and creative marking approach has resulted in record-breaking prices and unparalleled results for our clients.

Ron Duong is a highly-regarded top agent in the retail investment real estate industry. Over the years, Ron's reputation for his extensive market knowledge, comprehensive pricing analysis, and strategic execution in the marketing of retail real estate investments has made him a valuable resource to some of the top names in the retail space for commercial real estate. These factors have resulted in record prices for his clients as well as closings on some of the most challenging deals in the marketplace ranging from environmental contamination to substantial deferred maintenance.

Ron ranks amongst the top Marcus & Millichap retail agents nationwide, having personally listed/closed over $1 billion in retail investments since 2004. Ron has been a Top 10 Agent in Marcus & Millichap's Newport Beach office since 2008, and has been the #1 Retail Agent on most occasions.

As one of the most active and knowledgeable retail agents in the field, Ron is frequently interviewed and quoted by the leading publications including Globest.com, CoStar.com, and Real Estate Weekly. Ron's track record of closings represents some of the highest prices and most aggressive cap rates in the marketplace. Most importantly, Ron prides himself on servicing his clients and working with them to achieve their short and long-term goals.


California State University Fullerton
Business Administration, Finance


Anchored Neighborhood Shopping Centers
Unanchored Shopping Strips
Single Tenant NNN Leased Investments
Experience/Professional History
Started with Marcus & Millichap in 2004
Promoted to Associate in 2005
Promoted to Senior Associate in 2008
Promoted to Vice President Investments in 2013
Promoted to Senior Director for the National Retail Group in 2015
Promoted to First Vice President Investments in 2017
Promoted to Senior Vice President Investments in 2017

Sales Achievements/Awards

Sales Recognition Award 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017
Top 10 Newport Beach Agent
#1 Retail Agent in the Newport Beach (Orange County) Office National Achievement Award 2015, 2016, 2017
Chairman's Club Award 2016, 2017
Professional Affiliations
Senior Director, National Retail Group
Member, International Council of Shopping Centers (Since 2004)

Craig Elster joined Marcus & Millichap in 2014 and is associated with the Newport Beach office. Since his introduction into the firm, he has established himself as a recognized expert focused on providing his clients with the highest level of service. He is especially accomplished at aggressively and earnestly marketing properties in order to meet the owner's objectives of price and timing.

Craig specializes in managing the acquisitions and dispositions of retail properties nationwide. Since beginning at the firm, Craig has been recognized for getting clients through very difficult situations, and his creative thinking has resulted in many clients improving their financial positions. His relationships with qualified institutional and private investors enable him to strategically match buyers with sellers to achieve mutually beneficial results for his clients.

Craig's long-term goal is to create a mutually beneficial relationship with clients that will last a lifetime.


California State University Fullerton
BA Business Administration, Finance


Single Tenant NNN Leased Investments
Shopping Strips & Shopping Centers

Professional Affiliations

Net Leased Properties Group
Member, International Council of Shopping Centers (Since 2014)

Record Breaking Accomplishments

Starbucks Sold in Garden Grove, CA at a 3.58% Cap Rate
Popeyes Sold in Anaheim, CA at a 3.75% Cap Rate
Wendy's Sold in Dothan, AL at a 3.79% Cap Rate
Wendy's Sold in Greer, SC at a 5% Cap Rate
Walgreens Sold in Avon, CO at a 5% Cap Rate

Experience/Professional History

Started with Marcus & Millichap in 2014
Promoted to Associate in 2014
Promoted to NNN Team Lead in 2017

Ben is charged with all aspects of business development and day to day team coordination for the Duong Retail Group. He has also been tasked with business expansion and creating visibility in new markets for the team.

Additionally, Ben ensures all transactions run seamlessly by coordinating the due diligence and escrow process for the team. He uses his experience in closing over $350 million in transactions to proactively address details before they become issues.

Ben's prior experience as a marketing manager has allowed the team to overcome any challenges, as well as keep us abreast of industry marketing trends. He has been pivotal to our continued success and is an invaluable member of the team.


Anchored Neighborhood Shopping Centers
Unanchored Shopping Strips
Single Tenant NNN Leased Investments

Bryn specializes in the acquisition and disposition of single-tenant and multi-tenant retail investment properties in South Orange County. Born and raised in South County, Bryn has extensive market knowledge of the region which help her to identify issues before they arise. Alongside her strong problem solving and negotiation skills, Bryn's professional approach proves she is an invaluable asset to her clients. Additionally, Bryn is dedicated to building long lasting relationships and her main goal is to be a resource for her clients to ensure they achieve their personal investment goals


Loyola Marymount University
BA Business Administration Emphasis in Marketing


Anchored Neighborhood Shopping Centers
Unanchored Shopping Strips
Single Tenant NNN Leased Investments

Allison operates as Marketing Coordinator at the Newport Beach Office. She creates and edits all marketing materials for proposals, listings, and email campaigns. Additionally, she is tasked with tracking today's marketing trends and designs, and she is constantly implementing new marketing methods for maximum marketing success.

Allison specializes in the creative work of the team, utilizing her previous experience as a Visual Product Coordinator to assure that our team remains at the pinnacle of today's marketing standards and practices.


California State University Sacramento
Bachelor of Liberal Arts in Photography

Rich Machesney operates as an Agent Assistant and research analyst to Duong Retail Group at the Newport Beach Office. As a team assistant, Rich is responsible for fielding and routing all incoming calls, team event planning, and a number of other day-to-day contributions. Additionally, Rich possesses strong skills in database management, which assures that our network of potential Buyers and Sellers is always growing. With his strong interpersonal and organization skills , ability to multi-task, and financial background, Rich is a valuable asset to the team.



Client Oriented. Results Driven.

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