12:00 PM
Newmark has announced the addition of Adam Geiger and Brad “Hoss” Holstrom as directors in its Ontario office.
Holstrom joins Newmark from Lee & Associates where he served as an associate. He specializes in the sales and leasing of industrial land and properties. In addition to his role at Lee & Associates, Holstrom worked at Colliers and White Commercial Real Estate and is a graduate of San Diego State University. Over the course of Holstrom’s career he has completed transactions totaling in excess of 10.8 million square feet of space.
Geiger was formerly a senior associate with Voit Real Estate Services before joining Newmark. He is an expert in industrial tenant representation, sales and leasing. A graduate of Arizona State University’s W.P. Carey School of Business, Geiger comes to Newmark having completed more than $300 million of industrial transactions in the Inland Empire.
“At the end of the third quarter, market wide vacancy for Inland Empire industrial remained under five percent for the 26th consecutive quarter, while rent climbed to another high. Because the Inland Empire ranks number one in the country for industrial, it is imperative for Newmark to continue to build its bench of talent in this sector in order to continue to provide top-level client service and representation,” said Newmark Executive Vice President, Head of Industrial Services Paul Klink.
“Brad and Adam are great additions to our Inland Empire team as they have each amassed a strong track record of industrial transactions. I look forward to working with them as we continue to increase our Southern California market share,” said Newmark Regional Managing Director Greg May.
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. Newmark Group is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”) (NASDAQ: BGCP), a leading global brokerage company servicing the financial and real estate markets.
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