NEW
YORK, March 28, 2024 /PRNewswire/ -- Newmark
Group, Inc. (Nasdaq: NMRK) ("Newmark"), a leading commercial real
estate advisor and service provider to large institutional
investors, global corporations, and other owners and occupiers,
announces industry veteran Conor
Lalor has joined the firm as President, Head of Retail
Capital Markets for North America.
In tandem with his appointment, Newmark has also hired Kyle Minter as Senior Managing Director, working
closely with Lalor to focus on retail investment sales,
recapitalizations and financings across North America. Lalor will be based in
Atlanta and Minter in Dallas.
Lalor will work closely with Newmark's retail capital
markets leadership team, including Pete
Bethea in San Diego,
Bill Bauman in Los Angeles, Nick Bicardo in San Francisco, Matt
Adler in Washington
DC, and Tom Dobrowski in
New York, among others. Together,
they will focus on the sale, financing and recapitalization of
retail/mixed-use assets and portfolios, expanding Newmark's capital
markets business in the United
States and beyond. Lalor's team will also collaborate
closely with Chairman of Global Retail, Newmark Retail Services
Mark Masinter and the broader Retail
services team to advise clients on the latest retail trends.
Masinter commented, "As Newmark's retail business continues to
experience meaningful growth, and with our commitment to building a
high-performing team, this strategic expansion enhances our ability
to meet evolving market demands and deliver exceptional results. We
are excited to partner with Conor, among the best in the industry,
and leverage our combined expertise to further drive our clients'
success."
The expansion of Retail Capital Markets further strengthens
Newmark's cohesive retail services platform and the firm's Capital
Markets business offerings. Newmark has grown its retail platform
in recent years as part of its larger expansion strategy to scale
service offerings in key markets globally, including the
acquisitions of RKF in 2018, Harper Dennis
Hobbs in 2019, and Open Realty in 2022, the industry-leading
North American retail real estate advisory firm with an extensive
national and global top-tier client roster.
"This is an exciting time in the retail sector, with strong
fundamentals and investor interest rapidly expanding," said Lalor.
"Newmark has built a world-class retail leasing and capital markets
business, and the opportunity to lead and team up with some of the
industry's most renowned and respected professionals creates
immeasurable value-creation opportunities for our clients,
combining expert insight into retail trends with capital markets
advisory. I look forward to collaborating with the firm's debt and
equity partners, many of whom I've worked with in the past, to
identify and unlock value for our clients and continue to build
North America's premier retail
capital markets practice."
Before joining Newmark, Lalor spent more than 12 years at
Eastdil Secured, where he was a Managing Director and led the
firm's retail business across the Sunbelt and Eastern United States. His teams have led many
of the highest-profile retail and mixed-use transactions over the
past decade and transacted over $25
billion in sales, financings and recapitalizations. Lalor is
active in many industry organizations, including as a member of
Urban Land Institute's CRC - Gold Product Council, ICSC's Next
Generation Leadership Network, and the Real Estate Investment
Advisory Council (REIAC).
"Conor's extensive experience and track record of success make
him an invaluable addition to our firm," said Chad Lavender, President of Capital Markets for
North America. "His arrival marks
an exciting milestone for Newmark as we bolster our presence in the
retail sector, reinforcing our unwavering focus on delivering
top-tier services to our clients. Conor's collaborative mentality,
thought leadership and approach will further amplify the synergies
with our exceptional investment sales advisors, and we are thrilled
to welcome him to the firm."
About Newmark:
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries
("Newmark"), is a world leader in commercial real estate,
seamlessly powering every phase of the property life cycle.
Newmark's comprehensive suite of services and products is uniquely
tailored to each client, from owners to occupiers, investors to
founders, and startups to blue-chip companies. Combining the
platform's global reach with market intelligence in both
established and emerging property markets, Newmark provides
superior service to clients across the industry spectrum. For the
year ending December 31, 2023,
Newmark generated revenues of approximately $2.5 billion. Newmark's company-owned offices,
together with its business partners, operated from approximately
170 offices with 7,400 professionals around the world. To learn
more, visit nmrk.com or follow @newmark.
Discussion of Forward-Looking Statements about
Newmark
Statements in this document regarding Newmark that
are not historical facts are "forward-looking statements" that
involve risks and uncertainties, which could cause actual results
to differ from those contained in the forward-looking statements.
These include statements about the Company's business, results,
financial position, liquidity and outlook, which may constitute
forward-looking statements and are subject to the risk that the
actual impact may differ, possibly materially, from what is
currently expected. Except as required by law, Newmark undertakes
no obligation to update any forward-looking statements. For a
discussion of additional risks and uncertainties, which could cause
actual results to differ from those contained in the
forward-looking statements, see Newmark's Securities and Exchange
Commission filings, including, but not limited to, the risk factors
and Special Note on Forward-Looking Information set forth in these
filings and any updates to such risk factors and Special Note on
Forward-Looking Information contained in subsequent reports on Form
10-K, Form 10-Q or Form 8-K.
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SOURCE Newmark Group, Inc.