August 13, 2025 9:00 AM
Newmark announces that highly regarded appraisers Michael Garcia, MAI, Robert E. Porto, MAI, and John Feeney have joined the firm’s Valuation & Advisory (V&A) practice as Executive Vice Presidents, based in the company’s New York headquarters. Together, the trio deepens Newmark’s bench of senior talent focused on multifamily and mixed‑use assets across the NYC Metro area and nationally.
“These appointments are some of the most significant we’ve made to our multifamily valuation roster to date and clearly demonstrate the momentum of Newmark V&A,” said Helene Jacobson, MAI, MRICS, Executive Managing Director and U.S. Practice Lead, Valuation & Advisory. “Following other recent high‑impact hires, Michael, Robert and John further elevate the depth, reach and technical rigor that our clients have come to expect.”
Michael Garcia, MAI – A 20‑year veteran, Garcia will serve as Multifamily Specialty Practice Co‑Lead for the NYC Metro Area. He brings experience advising on rental, condominium, affordable, student‑housing and office-to-residential conversion assignments across the five boroughs and Long Island.
Robert E. Porto, MAI – Also joining as Multifamily Specialty Practice Co‑Lead, Porto brings more than two decades of valuation and consulting experience covering New York City, Long Island and the Hudson Valley, with deep expertise in existing and proposed rental and condominium developments, cooperatives, development sites, air‑rights analyses and portfolio valuations.
John Feeney – Bringing more than 40 years of experience, Feeney will focus on complex, large‑scale projects and strategic client assignments. He has consulted on marquee developments such as One57, Yankee Stadium, the High Line and Hudson Yards, and has conducted market and demand studies in support of bonds issued by New York City. Feeney is qualified as an expert witness and has participated in numerous litigation assignments.
The trio will lead a team of 22 professionals that will focus on all forms of housing in New York City, Long Island and the Hudson Valley Region. The team, which currently includes eight professionals with Certified General licenses, will comprise the largest housing focused specialty practice group in the nation.
Newmark has added more than 25 senior multifamily valuation professionals in the past 18 months, including Mark Lodmill, MAI in the Rocky Mountain & Seattle regions and Bryan Beel as National Multifamily Specialty Practice Leader, as well as expanding coverage in high‑growth markets such as Texas, California and the Southeast. The continued momentum furthers Newmark’s robust national team, reinforcing its ability to support lenders, developers and institutional owners across every multifamily asset type—ranging from garden-style and high-rise properties to student housing, LIHTC and complex mixed-use developments.
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 June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.
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