April 1, 2024 12:00 PM
Newmark[1]
has hired industry veterans Andrew Jennison as Vice Chairman and Daniel Pickart as Senior Managing Director. Based in the Century City office, the team will contribute to the growth of Newmark’s Private Capital Market platform, focused on private investment advisory in the $10-$100 million range while also specializing in strategic agency leasing and tenant assignments.
Jennison has completed approximately $10 billion in transactional volume throughout his nearly 25-year career in both leasing and capital markets sales in Los Angeles and beyond. With over 12 years in the industry, Pickart has executed in excess of $2 billion in transaction volume, representing notable occupiers, developers and landlords, encompassing private capital to institutional capital.
“Andrew and Daniel’s extensive experience and proven track record make them valuable additions to the team,” said Nick DiPaolo, Executive Vice President, Regional Managing Director, Southwest Market Leader. “We expect their strategic insights and deep industry knowledge to play a crucial role in expanding our Private Capital Group in Los Angeles.”
“We are excited to contribute to the growth of Newmark’s private capital and leasing business and to leverage the firm’s robust platform and resources to enhance our client service capabilities even more,” said Jennison. “We remain confident in the readiness of investors to deploy capital across various asset classes and capitalize on post-pandemic pricing dynamics.”
Pickart added, “We are thrilled to be surrounded by the best talent and support in capital markets. We are eager to apply our skillset and knowledge to further expand the private capital group and provide the best possible client advisory services in the market.”
Jennison joins Newmark from Industry Partners and previously served at Madison Partners and Colliers. Pickart also joined from Industry Partners and prior worked in ground-up commercial development.
[1] Dba Newmark Knight Frank in California
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.