Luis Alvarado serves as Newmark’s chief revenue officer and east region market leader, working from the firm’s Boston office. As chief revenue officer, Mr. Alvarado is responsible for oversight of front office operations including all business lines and client facing IT. Serving as the east region market leader, Mr. Alvarado focuses on driving growth throughout the East Coast and overseeing all facets of operations and performance for the region.
Mr. Alvarado joined Newmark in 2015 from Cushman & Wakefield, where he was president of the company’s East Region and a member of its Global Management Committee. In this capacity, he concentrated on development throughout the New England, Philadelphia and Mid-Atlantic offices and oversaw all aspects of processes for the region.
In his 30 years in the real estate business, Mr. Alvarado has been involved in well over $10 billion in acquisitions, dispositions, joint ventures and leasing transactions. Prior to joining Cushman & Wakefield, he was a founding partner of Insight Partners, Inc., which developed and managed more than 2 million square feet of commercial, retail, residential and industrial property. During his tenure there, Mr. Alvarado was a general partner in the acquisition and redevelopment of Cross Point, formerly the Wang Towers, in Lowell, Massachusetts. The 1.2 million-square-foot former world headquarters of Wang Laboratories was purchased for $525,000 and converted from a vacant single-tenant building into an award-winning mixed-use development.
Prior to founding Insight Partners, Mr. Alvarado was employed at The Travelers Insurance Company for 10 years. As vice president in the Eastern Region Asset Management Group, he was responsible for the management, leasing and sale of more than 6 million square feet of commercial property valued in excess of $1.2 billion. He previously served as the controller of Travelers’ development subsidiary, The Prospect Company, with responsibility for the financial structuring and reporting for a $1 billion development portfolio. In this role, he led the structuring of several joint ventures, including 125 High Street in Boston, a 1.5 million-square-foot complex. Mr. Alvarado was responsible for overseeing the development, management, leasing and financing of this venture.
Mr. Alvarado is a board member of NAIOP and active in several charity organizations. He is also a graduate of Central Connecticut State University, where he received a Bachelor of Science degree in accounting. A native of Santiago, Chile, he speaks Spanish fluently.
Mr. Alvarado resides in Marshfield with his wife, Andrea.