Business
Newmark Hires Accomplished Industrial Expert Jack Fraker, Fortifying Global Capital Markets Practice
NEW YORK, March 8, 2023 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading full-service commercial real estate
About this update from Newmark Group, Inc.
[{"type":"text","content":"NEW YORK, March 8, 2023 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) (\"Newmark\" or \"the Company\"), a leading full-service commercial real estate business, announces the addition of institutional capital markets expert Jack Fraker as President and Global Head of Industrial and Logistics. Throughout his 35-year career, Fraker has been a consistent top national producer in industrial investment sales, r0Fepresenting some of the country's largest corporations, global investors, pension fund advisors and REITs. Not including his participation in a larger team, Fraker has personally completed industrial capital markets transactions totaling 1.5 billion square feet and $85 billion in more than 60 U.S. cities, Mexico, Europe, Japan and South America, as well as approximately 12,000 acres of development site transactions.\n\n \n \n \n \n \n \n\n \n\"Newmark's Capital Markets advisory group, which has seen dramatic growth, is a key component of our platform's acceleration, nationally and globally,\" said Newmark's Chief Executive Officer Barry Gosin. \"We expect to continue this momentum, striving to attract top industry talent across verticals and aligning our advisors' capabilities to meet client needs. Jack, a household name in the industrial investment sector, will be an incredible value-add and help to drive forward Newmark's client offerings.\"\nThe hiring of Fraker further emphasizes Newmark's commitment to its Capital Markets business across verticals and the growth of its global foothold through organic productivity growth, acquisitions and hires. Newmark has a proven record of gaining market share in capital markets. While U.S. investment sales volumes have increased 27% and U.S. debt originations have grown 42% between 2015 and 2022, Newmark has increased its respective volumes ten times faster than the overall market, by 273% and 426% over the same period.2Fi\n\"Newmark is known in the industry for having a deep bench of talent and prioritizing client needs through an entrepreneurial culture and the strength of its Capital Markets practice. The palpable spirit of collaboration and vision among Newmark professionals led to my decision to join the firm,\" said Fraker. \"I look forward to forging a path to even greater success alongside the company's best-in-class industrial and capital markets advisors.\"\nFraker's car...