Business
Newmark Promotes Steven Golubchik to Executive Vice Chairman and President, Western Region Capital Markets
A key leader in Newmark's ascendant Capital Markets practice, Golubchik will build on the platform's rapid growth in Northern California and guide its
About this update from Newmark Group, Inc.
[{"type":"text","content":"A key leader in Newmark's ascendant Capital Markets practice, Golubchik will build on the platform's rapid growth in Northern California and guide its continued expansion in key West Coast markets\nSAN FRANCISCO, March 30, 2022 /PRNewswire/ -- Newmark announces the promotion of Steven Golubchik to Executive Vice Chairman and President, Western Region Capital Markets. \n\n \n \n \n \n \n \n\n \nNewmark's expansion into new markets is illustrative of the continued excellence and upward trajectory of one of the fastest-growing Capital Markets practices in the world.\nSince joining Newmark in 2016, Golubchik has established the firm's Capital Markets practice as one of the most active real estate investment sales platforms in Northern California. Under Golubchik's leadership, the group has expanded to include 32 professionals throughout the region. The firm oversaw the sale of more than $5 billion of institutional-grade office, industrial and life science properties throughout Northern California in 2021 alone.\nIn his expanded role, Golubchik will work closely with Newmark's Co-Heads of U.S. Capital Markets, Kevin Shannon and Robert Griffin, to further enhance the firm's market presence throughout the West Coast markets as well as nationally.\n\"As increased cross-border investment continues to proliferate and Newmark's roster of Capital Markets clients has continued to grow internationally, it's become more imperative than ever that the top real estate investment advisors lead our practice in every key market around the world,\" said Newmark Chief Executive Officer Barry Gosin. \"Steve is expertly suited to unlock opportunities for both U.S. and non-domestic investors seeking to deploy capital into the region's flourishing commercial real estate market.\"\nNewmark's expansion into new markets is illustrative of the continued excellence and upward trajectory of one of the fastest-growing Capital Markets practices in the world. Since 2016, Newmark's regional ranking climbed three spots—to second—in investment sales transaction volume in Northern California, with an over 20 percent increase in market share, based on Real Capital Analytics data.\n\"As we grow closer to our goal of being number one in Capital Markets, Steve is an integral part of our leadership team,\" said Shannon. \"His vast knowledge and deep network of relationship...