December 15, 2025 9:00 AM
Newmark announces that Keri Scott has joined the Company’s Phoenix office as Senior Managing Director, bringing more than 20 years of combined industrial real estate expertise to the firm’s growing Southwest business.
Scott joins alongside Senior Associate Alex Kas-Marogi, Associates Jack Kerkorian, Adam Pinard and Warren Kelly and Broker Services Specialist Lindsay Davi. The group specializes in agency representation, occupier strategy, investment advisory and development consulting for a diverse client base ranging from institutional owners to local and national occupiers. Over the past 17 years, Scott has transacted more than 1,200 leases across both Greater Phoenix and national markets.
“We are thrilled to welcome Keri to Newmark,” said Nick DiPaolo, Executive Vice President, Regional Managing Director, Southwest Market Leader. “Her standout leadership, deep market insight and unwavering commitment to client success make her one of the top industrial brokers in the region. This move strengthens our Southwest industrial business and enhances Newmark’s ability to deliver best-in-class service to owners, investors and occupiers across Arizona and beyond.”
Mike Garlick, Executive Managing Director and Market Leader of Newmark’s Phoenix office, added, “With Keri and her team now on board, we have elevated our position in one of the fastest-growing industrial markets in the country. Keri’s experience in small-bay and mid-bay leasing, combined with the office’s data-driven approach, gives us the firepower to advise on Phoenix’s industrial landscape, from Sky Harbor infill to the booming West Valley corridors.”
Phoenix’s industrial market is exhibiting signs of stabilization as total vacancy decreased for the second consecutive quarter, settling at 12.8% during the third quarter of 2025, according to Newmark Research. Speculative construction deliveries are fewer than one year ago, while net absorption in the first three quarters of 2025 was an impressive 15.6 million square feet, securing the second-highest ranking in the U.S. behind Dallas. As sublease space diminishes and tenant interest in modern facilities persists, the market is poised for continued stabilization into 2026.
“I am excited to join Newmark and lead our talented group into this next chapter,” said Scott. “Newmark’s entrepreneurial culture, cutting-edge technology and global capital markets reach align well with our client-first philosophy. Together, we will continue delivering innovative, high-impact solutions for industrial owners and occupiers.”
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.
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.