Newmark is pleased to announce the addition of leading capital markets brokers to its Chicago office. Executive Managing Director James Postweiler and Senior Managing Directors Peter Harwood and Derek Fohl join Newmark with over 60 years of combined commercial real estate experience. Each specializes in office investment transactions for institutional, corporate, and private real estate owners in Chicago and throughout the Midwest.
“Our pace in building out a full-service Capital Markets platform accelerated throughout 2019, underscoring our unwavering commitment to elevate Newmark’s comprehensive suite of services by bringing on superior and specialized talent,” explains Chief Executive Officer of Newmark Group, Inc. Barry M. Gosin. “The arrival of these Chicago-based experts is consistent with our growth plan and fortifies the firm’s footprint in the institutional capital markets landscape in the Chicagoland area and throughout the Midwest.”
Postweiler, Harwood, and Fohl are joining Newmark from JLL, where they focused on office investments. They have successfully executed combined transactions totaling nearly $30 billion in volume throughout their careers.
One of the most practiced suburban office investment experts in Chicago, Postweiler has more than 30 years of experience in investment sales, mortgage financing, and asset management. Formerly co-head of JLL’s office capital markets group in Chicago, Postweiler specialized in dispositions and recapitalization of office assets and has completed transactions with total value exceeding $14 billion throughout his career. Well-versed in all components of office and industrial capital markets -disposition, financing, sale-leaseback, recapitalization, and strategically value engineering an asset - Harwood has more than 22 years of commercial real estate experience and has completed more than $12 billion of transactions. Fohl’s decade of diverse commercial real estate experience includes asset services, agency leasing, institutional investment properties, debt and equity financing, insurance brokerage, and risk management. Fohl has completed $3 billion in transactions.
“The collaborative culture at Newmark as well as the opportunity to be a part of a company experiencing such impressive growth in capital markets leadership in all disciplines is extremely attractive at Newmark. The growth trajectory of the Capital Markets platform alongside agency experts provides a runway to offer exceptional client service and resources to augment our capabilities for discerning clients,” concluded Postweiler. “This next chapter with Newmark is exciting.”
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
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. 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.