Business
Newmark Hires Top Multifamily Advisors, Western U.S., Bolstering Investment Sales
Landmark Addition of Advisors with $100B in Closed Transactions Furthers Company Trajectory Toward Top Multifamily Capital Markets Provider in the Country NEW
About this update from Newmark Group, Inc.
[{"type":"text","content":"Landmark Addition of Advisors with $100B in Closed Transactions Furthers Company Trajectory Toward Top Multifamily Capital Markets Provider in the Country \nNEW YORK, March 5, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) (\"Newmark\" or \"the Company\"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the hiring of market-leading multifamily advisors Joseph Smolen, Geoff Boler, Will Purcell, Jonathan Merhaut, Lee Redmond, Eve Loecher and Eugene Chong to join its Capital Markets practice. Smolen and Boler, joining as Executive Vice Chairmen, are known nationally as leading multifamily advisors attached to some of the most significant sales in the country. The two join the Company to take on leadership roles within Newmark's multifamily business and serve on its Multifamily Advisory Council. Purcell and Merhaut join as Vice Chairmen, Lee Redmond joins as a Vice Chairman focused on multifamily financing and Eve Loecher and Eugene Chong join as Senior Managing Directors.\n\n \n \n \n \n \n \n\n \nSmolen, Boler, Purcell and Merhaut bring a track record of dominance in both the Western U.S. and on national portfolio sales, with more than $100 billion in closed transactions between them. Over the last seven years, they have been responsible for more than 90% of multifamily sales in the Western U.S. with a transaction size of at least $300 million, including market-moving sales such as the $925 million sale of Westlake Village Apartments in the Bay Area, Kiara in Seattle, Kapilina Apartments on Oahu, and the Park 12 in San Diego. They have also helped lead many of the most important portfolio sales and recapitalizations across the country.\n\"Newmark has consistently invested in building the nation's leading Multifamily Capital Markets provider, and these additions further strengthen our position,\" said Barry Gosin, Chief Executive Officer. \"Multifamily is one of the most dynamic property types, and by continually expanding our expertise and global reach, we enhance our ability to deliver exceptional advisory and results for our clients.\"\nThe seven veterans join from Eastdil Secured. Smolen, Purcell and Loecher will be based in Newmark's San Francisco office, while Boler, Merhaut, Redmond and Chong will be based ...