Business
Newmark Lands Leading U.S. Capital Markets Team
Milestone hires reflect the Company's continued trajectory to become the most sought-after capital markets firm in the world NEW YORK, Feb. 15, 2023
About this update from Newmark Group, Inc.
[{"type":"text","content":"Milestone hires reflect the Company's continued trajectory to become the most sought-after capital markets firm in the world\nNEW YORK, Feb. 15, 2023 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) (\"Newmark\" or \"the Company\"), a leading full-service commercial real estate business, announced that Douglas Harmon and Adam Spies and members of their industry-leading team have joined the Company. Harmon and Spies will serve as Co-Heads of U.S. Capital Markets for Newmark's Capital Markets group. As partners for over 20 years, Harmon and Spies are known nationally as the top capital markets leaders, executing some of the most prominent office and residential sales across the country.\n\n \n \n \n \n \n \n\n \nTop hires reflect the Company's continued trajectory to become the most sought-after capital markets firm in the world\"Doug, Adam and members of their long-tenured team joining is a testament to the growth of our platform,\" said Barry Gosin, Newmark Chief Executive Officer. \"Our Capital Markets advisory business has seen dramatic growth. These hires are expected to amplify Newmark's strength, upwards trajectory and momentum to become the most trusted and sought-after capital markets firm in the world for both producers and clients. Historically, our investment sales and debt businesses have had a multiplier effect, which drives outsized growth across the Company. We aim to attract and retain the most gifted professionals in every vertical and are hyper-focused on empowering those at the top of their game to continue to provide the best services and the delivery of alpha for their clients in every way.\"\nThe hire of this high-profile sales team underscores the success of Newmark's growing foothold in capital markets through organic productivity growth, acquisitions, and hires across our increasingly global footprint. Since Newmark's IPO in 2017, the Company has continued to gain market share in capital markets. We generated $155 billion of overall investment sales and debt transactions over the trailing twelve months ended September 30, 2022, which was up 194% compared with 2017. Comparatively and over the same time period, RCA U.S. investment sales and the MBA Commercial/Multifamily Origination Index were up by 94% and 54%, respectively. i\nHarmon and Spies will serve alongside Newmark's current Co-Heads of U.S. Capi...