Paul K. Talbot, senior managing director of Newmark, joined the company in 2000 after 12 years as President and Owner of First Capital Corporation. In his 31 years of real estate financing and sales experience, Mr. Talbot has built long-term business relationships with top financial institutions and real estate developers, allowing him to provide the highest possible service to clients.
Mr. Talbot has secured financing and equity for properties throughout the United States amounting to more than 2 billion dollars in transactions. Representative deals from a wide range portfolio include: the office buildings at 101 Park Avenue, 875 Third Avenue, and Bristol and Somerset Apartments in New York City; Tycon Towers and Greensboro Corporate Center in Tysons Corner Virginia; Circle Towers Apartment complex in Fairfax, Virginia; the Hotel Bel-Air in Los Angeles; International Paper Company office building in Memphis, Tennessee; Monmouth Consumer Square Shopping Center, West Long Branch, New Jersey; Home Depot shopping center in Newark, Delaware, Monmouth Mall in Eatontown, New Jersey; West Side Rail Yards, New York City; and the $550,000,000 sale of RF&P Properties, consisting of the 342 acre Potomac Yards and various properties in Crystal City, Fairfax, Richmond and other locations in Northern Virginia.
While continuing to service his outside clients, Mr. Talbot has recently handled the financing for commercial real estate Principals Jeff Gural and Barry Gosin. Properties financed in New York include 520 Eighth Avenue, 200 Varick Street, 230 Fifth Avenue, 171 Madison Avenue, 5-9 Union Square as well the construction and renovation of 150 Bay Street in Jersey City, New Jersey.
Mr. Talbot’s success is based upon longstanding professional relationships with key financial institutions including insurance companies, commercial banks, conduits, pension funds, Mezz and Equity funds and savings banks, in addition to major developers and investors throughout the U.S. and abroad.
Prior to founding First Capital, Mr. Talbot worked from at The Comras Company, Inc. where he began in 1975 and then became President and Partner of the firm before leaving in 1988. Mr. Talbot’s real estate career began in 1974 with Modern East Servicing Company.
Mr. Talbot is a member of the Real Estate Board of New York, International Council of Shopping Centers, Mortgage Bankers Association of America and R.E.N.T. as well as a licensed real estate broker in New York. Mr. Talbot resides in New Jersey and is a graduate of Archbishop Molloy High School in Queens, New York, and Acadia University in Canada. In addition to his passion for real estate, Paul is active in his community as President of the Central Jersey Hawks Basketball Club – an organization he helped to establish that has assisted many student athletes in securing scholarships to college.