Newmark Expands Influence with Key Hires Across the U.S.

California

Newmark has significantly expanded its workforce with key hires across major U.S. cities to enhance its retail and healthcare services divisions. Notable appointments include Jonathan Schley and Andrew Turf as vice chairmen in its Los Angeles office, both coming from CBRE and bringing extensive experience in advising high-profile retailers.

Schley and Turf have a track record of consulting well-known luxury brands such as Audemars Piguet, Byredo, and Baccarat, providing insight into their cross-border expansions and first-to-market projects. Their expertise also includes working with real estate development and investment clients like Anderson Real Estate and Caruso, indicating a strategic enhancement of Newmark’s capabilities in the competitive retail sector.

Key Appointments in San Francisco and Miami

Meanwhile, in San Francisco, Newmark has brought on Ben Lazzareschi as a senior managing director from JLL, further strengthening its market presence. David Kessler has also joined as associate director, bringing experience from his previous role at JLL where he led leasing efforts for major clients, including Williams Sonoma and Shake Shack.

In Miami, the expansion continues with the hiring of Greg Masin and Frank Begrowicz as executive managing directors, both previously with Cushman & Wakefield. Together, they spearheaded the South Florida expansion for brands like Supreme, Fendi, and Zara, serving clients in prominent neighborhoods such as South Beach and Wynwood.

Other Industry Developments

Avision Young has also made notable changes, promoting Sullivan Johnston to senior vice president in its Austin office, while bringing in Stefan Ivanisevic as a vice president to its Chicago office from JLL. Additionally, JLL has appointed Steve Echols as senior vice president on its project development services team in Dallas, augmenting its capabilities with his extensive 35 years of industry experience.

Lincoln Property Company has expanded its operations in Florida’s healthcare real estate sector with the hiring of Brian Wilcox as senior vice president and Matt Poncy as vice president. Wilcox, who has 19 years of industry expertise, will lead healthcare brokerage for the Southeast, enhancing Newmark’s service offerings in the region.

Major Financing Developments

Newmark has also secured a substantial $7.1 billion construction loan for the second phase of an AI-focused data center campus in Abilene, Texas. This development, with a total projected cost of $15 billion, was financed primarily by J.P. Morgan along with a consortium of institutional lenders. Newmark executives played a crucial role in orchestrating this deal, which aims to expand the facility into a 1.2-gigawatt hyperscale operation designed to support AI applications and cloud computing.

Construction for the data center’s first phase, which includes two buildings with over 200 megawatts of capacity, commenced in June 2024. Plans for the second phase are set to begin in March 2025, with an activation goal of mid-2026.

Structural Changes for Enhanced Client Solutions

In a strategic move to improve operational efficiencies, Newmark has unified its Property Management and Facilities Management service lines. Richard Holden has been promoted to President of Property and Facilities Management, while Jason Martindale has taken the role of Global Facilities Management Leader. This restructuring is intended to optimize operations, improve sustainability, and deliver high-quality solutions tailored to meet clients’ business objectives.

These changes reflect Newmark’s commitment to growing its services, enhancing its market presence, and meeting the evolving needs of its clients across various sectors.