Newmark Grubb Knight Frank has hired Noah D. Shlaes, senior managing director, and Michael McDermott, director, to join its Global Corporate Services (GCS) consulting group.
“We are extremely pleased to be working shoulder to shoulder with Noah and Michael,” said Michael Ippolito, chairman of GCS. “Both of these individuals have stood out in the field of strategic planning and tremendously augment the strong diversity of talent in our group.”
Shlaes and McDermott joined GCS, which is a recognized Leader in the 2012 Global Outsourcing 100® by The International Association of Outsourcing Professionals® (IAOP®), from Grubb & Ellis.
Shlaes was managing director of the Strategic Consulting group at Grubb & Ellis. Previously, he worked at Arthur Andersen, culminating in his role as director of corporate real estate services, and at FPL Associates Consulting.
Over 25 years in the real estate field, Shlaes has advised international banks, utilities, manufacturing companies, railroads, universities and state governments on various real estate matters. With a focus on corporate real estate strategy, Shlaes has served a diverse array of clients including the City of San Diego, Intuit, ABN Amro, the State of Maryland, Roosevelt University, and the Kamehameha Schools.
Shlaes has published articles on portfolio planning, real estate strategy, software selection, and the valuation of brownfield properties. He has also taught real estate appraisal at the graduate level and overseas, and has extensive background in real estate-related computer applications.
McDermott, who becomes director, strategic consulting with Newmark Grubb Knight Frank, had worked with Grubb & Ellis to help expand its client base by strategically aligning real estate and operational needs of corporate owners and tenants. His skills include client location analysis, incentives research and negotiation, and portfolio analysis across multiple industry sectors. He is a frequent author of articles and white papers on topics ranging from global logistics trends to tax considerations.
McDermott previously was employed with the Village of Tinley Park, Ill. He conducted research on downtown redevelopment and economic impact. McDermott has his Master of Urban Planning and Policy from the University of Illinois at Chicago. Past clients include Ingersoll Rand, Automotive Resources International, Inside Track, Argon ST, AJ Gallagher, and the United States Postal Service.
About Newmark Grubb Knight Frank
A part of BGC Partners, Inc. (NASDAQ:BGCP), Newmark Grubb Knight Frank is one of the largest commercial real estate service firms in the U.S. It brings together the strategic consultative approach to creating value for clients and leading position in the New York market that are hallmarks of Newmark; the complementary strengths of Grubb & Ellis in leasing and management, investment sales, valuation and capital markets services; and BGC’s financial strength, proprietary technology, expertise in global capital markets and deep relationships with many of the world’s leading financial institutions.
Newmark Grubb Knight Frank and its London-based partner Knight Frank together operate from more than 300 offices in established and emerging property markets on five continents. This major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide.