Newmark Awarded Leasing Assignment for Martin Selig Real Estate’s 2-MSF Seattle Office Portfolio

December 1, 2025 9:00 AM

Martin Selig Real Estate (MSRE) has named Newmark as the exclusive leasing agent for MSRE’s distinguished 2.2 million square foot portfolio of best-in-class office and mixed-use properties across downtown Seattle. This collaboration marks the first time the developer has engaged an external firm to lead leasing across its respective holdings, formally positioning Newmark as an extension of MSRE’s in-house real estate advisory team to drive stabilization, occupancy growth and long-term value creation.

MSRE’s Director of Leasing Michael Brixner will continue to spearhead leasing strategy while partnering closely with Newmark’s Cavan O’Keefe, Jesse Ottele, Tim O’Keefe and Brody O’Keefe on all day-to-day leasing.

“This is a bold, strategic move from Martin Selig at exactly the right moment,” said Cavan O’Keefe. “As Seattle’s most iconic developer, Martin has always been a leader in leasing activity for this market. By bringing in Newmark’s national platform and proven leasing firepower, the developer’s landmark portfolio is well-positioned to lead the recovery and close transactions.”

“Teaming up with Newmark allows us to amplify our internal strengths and bring fresh perspectives to our portfolio at this dynamic time,” said Martin Selig, MSRE Owner & Founder. “This isn’t just an assignment, it’s a true extension of our team, leveraging their expertise to stabilize and elevate our assets while honoring the legacy we’ve built over six decades.”

Founded in 1958, MSRE stands as Seattle’s largest independent developer and the preeminent individual force behind the city’s urban renaissance, having shaped nearly half of downtown’s skyline through visionary projects that have endured multiple economic cycles. With a legacy of resilience and innovation, MSRE’s portfolio encompasses iconic towers and adaptive spaces in neighborhoods like the Waterfront, Belltown, Queen Anne and the Central Business District.

“As the Seattle office market begins to show real momentum, with leasing activity turning the corner and more tech firms eyeing the region, we’re uniquely positioned to support the success of these assets,” said Ottele. “We anticipate accelerated progress in early to mid-2026, capitalizing on improving fundamentals and the influx of innovative tenants seeking premium, flexible spaces.”

The collaboration arrives amid a Seattle office sector poised for resurgence, with employers reclaiming leverage through stronger return-to-office policies and longer-term commitments.

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 twelve months ended September 30, 2025, Newmark generated revenues of over $3.1 billion. As of September 30, 2025, Newmark and its business partners together operated from approximately 170 offices with over 8,500 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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