12:00 PM
Global commercial real estate advisory firm Newmark is pleased to announce the expansion of its Valuation & Advisory (V&A) practice with the addition of the Detroit team, led by Michigan Market Leader and Senior Managing Director Tony Roberts. Chris Maharg joins Roberts as senior vice president.
Roberts is responsible for business development, recruitment of top talent throughout the region, the delivery of outstanding client service, and oversight of Newmark’s Michigan appraisal team. While his valuation expertise is focused on office, industrial, retail, and multifamily properties, his experience extends across a wide spectrum of asset types. He brings deep knowledge of valuation for property types as diverse as self storage, funeral homes, seniors living facilities, vacant land, complex mixed-use developments, and religious facilities. Roberts’ valuation experience includes report preparation for financing, estate planning, collateral monitoring, acquisition, disposition and tax assessment appeal. Previously, he worked at CBRE for more than a decade.
Maharg joins Newmark with vast expertise in a multitude of property types and will serve as a team leader in the Detroit office. His focus is primarily on the valuation of income-producing retail, office, and multifamily properties throughout the state of Michigan; with experience ranging from single tenant net lease (STNL) retail and office assets to complex, multi-tenant regional shopping centers, and high-density CBD developments. His practice will also focus on valuations involving restaurants, automobile dealerships, medical office, and HAP/LIHTC properties. Maharg brings to his position more than 10 years of industry experience, including roles at BBG and CBRE that covered all of Michigan and Northwest Ohio.
“Building out this office with top talent is an exciting development for our Michigan team and for our entire practice; we continue to add and retain the most skilled and experienced valuation and advisory specialists across the country,” said V&A Executive Managing Director and U.S. Co-Lead Helene Jacobson. “Tony and Chris are highly regarded by their peers for their dedication to great client service and expertise in this market, and we’re delighted to have them on the team.”
“Newmark has a truly dynamic team of professionals on board and I considered it an exciting opportunity to join them,” added Roberts. “I’m looking forward to continuing to expand the team’s footprint throughout the state of Michigan.”
About Newmark
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 Group
Statements in this document regarding Newmark Group 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 Group 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 Group’s Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.