February 23, 2023 9:00 AM
Newmark announces the addition of four capital markets experts in Texas—Vice Chairmen and Co-Heads of Texas Industrial Capital Markets Dustin Volz and Stephen Bailey, Senior Managing Director Dom Espinosa and Managing Director Zach Riebe. Volz, Bailey, Espinosa and Riebe specialize in industrial investment sales, portfolio aggregation, financing and equity placement, including joint venture equity and property/portfolio recapitalizations across Texas and throughout the Southwestern U.S. Together, they have completed transactions comprising over $7 billion in industrial transactions on behalf of institutional, corporate and private clients over the last two years.
“We continue to attract top talent to Newmark and are thrilled to welcome these energetic industrial capital markets experts to our growing platform. Though these hiring successes, in and of themselves, are incredible, a key benefit is the lift and connection created across Newmark’s business lines,” said Ran Holman, Executive Vice President and Texas Market Leader. “Hiring high-character people with strong capabilities, relationships and the desire to collaborate punctuates everything we’re building in Texas and at Newmark.”
“Beginning to end—from vacant land through financing and sale—we pride ourselves in holistically covering the scope of capital markets on behalf of our clients. We look forward to leveraging our regional relationships and market knowledge to contribute to the strength of Newmark’s national Capital Markets practice,” said Volz. Bailey added, “In addition to being drawn to Newmark’s collaborative culture, roster of capital markets talent and winning attitude, joining the Company provides us the opportunity to expand our reach and tailor client solutions through a robust platform.”
Volz, Bailey, Espinosa and Riebe joined Newmark from JLL, where they served as Senior Managing Directors and Directors, respectively. Volz previously headed up the platform’s South Central Region for industrial investment sales.
“Having worked together in the past, I have long known and respected this group as capital market heavyweights in Dallas and Texas. Welcoming Dustin, Stephen, Dom and Zach to the Newmark platform, I look forward to working together again as we continue to expand the Newmark capital markets platform in Texas and beyond,” said Chad Lavender, Newmark Vice Chairman and Co-Head of Healthcare and Alternative Real Estate Assets.
According to Newmark Research, Texas is the second largest destination for industrial investors, with $15.6 billion flowing into the state in 2022. The state is experiencing highly favorable industrial demand drivers, and its markets will continue to flourish in 2023 and beyond. During 2022, Dallas, Houston, Austin and San Antonio all charted within the top 10 markets for industrial demand in total volume or demand growth as a share of inventory. Remarkably, in 2022, Dallas’ industrial inventory grew to over 1 billion square feet, putting it in a rarefied mega-market category that includes only Chicago and Los Angeles.
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. Newmark generated revenues of approximately $2.7 billion for the year ending December 31, 2022. Newmark’s company-owned offices, together with its business partners, operate from approximately 180 offices with nearly 6,700 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
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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 effects of the COVID-19 pandemic on 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.