Newmark announces the addition of 20-year industry expert Richard Holden as Vice President of Property Management for the firm’s West Coast, to drive the service line’s efforts throughout the region. Mr. Holden is responsible for leading and growing property management operations for the region’s portfolio totaling more than 11.5 million square feet - implementing strategic programs to ensure properties’ success along with support staff recruitment, training and performance management.
“Bringing on well-respected industry veterans like Richard continues to successfully augment Newmark’s ability to serve new markets and clients with customized, local property management,” said Randy J. Buddemeyer, Newmark President of Management Services. “Richard’s decades of experience in the property management space and his aptitude for recognizing market expansion opportunities are exceptional benefits to Newmark and our clients, both existing and future.”
Mr. Holden has a proven track record of growing management portfolios; most recently, at Davis Partners, he expanded the company’s footprint into the Bay Area, Sacramento and Washington markets.
“The addition of Richard underscores the significant value that property management provides for all other Newmark service lines and professionals. As the daily touchpoint for many local and institutional clients, our property managers are the face of client service and we are excited to have Richard spearhead such a key role, working alongside Newmark’s West Coast leadership,” stated Executive Vice President Greg May, Executive Vice President, West Region Market Leader.
“Richard’s expertise in the complexities and changing landscape of the property management business will also be an outstanding benefit to our company, professionals and clients,” added Executive Vice President and Regional Managing Director Bryan Courson, based in Newmark’s San Francisco office.
Mr. Holden will work closely with May and Courson to accomplish their West Coast client strategies. Mr. Holden joins Newmark from Davis Partners, where he was an Executive Vice President. Previously, Mr. Holden held positions as Vice President of Woodmont Real Estate Services; Senior Leasing and Property Manager for the East Bay and San Francisco markets at RREEF; and as a leasing agent at Bay Area-based BT Commercial.
“In step with Newmark’s expanding local and national platform of services and entrepreneurial culture, this is the right move in my career. I look forward to collaborating with Greg, Bryan and the many respected leaders within Newmark to identify new opportunities and areas for growth on behalf of the company and our clients,” concluded Holden.
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 18,000 professionals operate from approximately 480 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.
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