Newmark Launches Data Center and Digital Infrastructure Capital Markets Business, Attracts Top Talent

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[{"type":"text","content":"Industry Veteran Brent Mayo is Latest to Join the Industry-Leading Capital Markets Group\nNEW YORK, Aug. 16, 2023 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) (\"Newmark\" or \"the Company\"), a leading commercial real estate adviser and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the expansion of its Capital Markets services with the launch of the Data Center and Digital Infrastructure practice group, further expanding its expertise in alternative assets. In tandem, Newmark has hired Brent Mayo as Executive Managing Director to anchor the practice group.\n\n \n \n \n \n \n \n\n \nThe Data Center and Digital Infrastructure Capital Markets practice group, which is additive to Newmark's global Data Center Consulting Group, further solidifies the Company's already dominant position in alternative assets, in which Newmark has ranked #1 in total investment sales representation for the last four and a half years1.\nNewmark has been dedicated to growing and strengthening its Capital Markets platform and is strategically focused on emerging and alternative asset classes. The data center market has experienced remarkable growth and insatiable demand, and with advancements in generative AI and ML, this growth is expected to surpass the current estimated projection of a 10% compound annual growth rate (CAGR) through 20302, propelling the sector even further.\n\"Newmark is committed to adding best-in-class personnel, with a focus on the areas where clients need guidance and where there is an opportunity to hire experts in those spaces, underpinning our growth trajectory and the talent we've amassed,\" said President of Capital Markets for North America Chad Lavender.\nMayo, based in the New York City headquarters, specializes in capital formation, financings, asset sales and platform advisory. In his role, Mayo will work with Newmark's Capital Markets advisors on capital formation, financing and asset and portfolio sales, and alongside the firm's Data Center Consulting Group advisors, leading the market in data center strategies, valuation and advisory, management, evaluation and performance.\n\"As digital infrastructure and data centers have become increasingly relevant in today's global digital economy, we are excited to broaden Newmark's reach with an industry le...

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