News Summary
Newmark is making significant strides in its expansion plans across the U.S. with several key hires in Los Angeles, San Francisco, and Miami. The additions of high-profile executives promise to enhance their retail and healthcare services while a monumental $7.1 billion construction loan for an AI-focused data center marks a pivotal moment for the firm’s growth. Additionally, Newmark is integrating its Property Management and Facilities Management services for better client solutions. This series of developments underscores Texas’s booming business landscape and Newmark’s commitment to leading the way across various sectors.
Texas Real Estate Firms Expand with New Talent and Major Projects
Texas’s real estate scene is experiencing significant transformations as major firms like Newmark and Avison Young ramp up operations and bring in new talent. Newmark, in particular, is expanding its footprint across key U.S. cities, while also achieving a notable financial milestone with a $7.1 billion construction loan for an advanced data center in Abilene, Texas.
Newmark Welcomes Industry Veterans
Newmark has made strategic hires to enhance its retail and healthcare services. In Los Angeles, Jonathan Schley and Andrew Turf have joined as vice chairmen after their tenure at CBRE, bringing extensive experience with luxury brands such as Audemars Piguet and Baccarat. Their expertise includes managing first-to-market projects and advising real estate development firms.
In the San Francisco office, Ben Lazzareschi has been appointed as a senior managing director while David Kessler takes on the role of associate director. Both come from JLL and have previously worked with renowned companies including Williams Sonoma and Shake Shack, positioning San Francisco for notable growth.
Expansion in Miami
Miami is also set to benefit from Newmark’s expansion. The firm has recruited Greg Masin and Frank Begrowicz as executive managing directors, who have strong backgrounds from Cushman & Wakefield. They have significant experience in brand expansion for companies like Supreme and Fendi throughout South Florida, indicating a growing retail environment in the region.
Developments in Texas
Avison Young is making strides in Texas by promoting Sullivan Johnston to senior vice president in Austin and recruiting Stefan Ivanisevic as vice president in Chicago. Additionally, JLL has bolstered its Dallas operations by hiring Steve Echols as a senior vice president to enhance its project development services team.
Further, Lincoln Property Co. is expanding its healthcare real estate presence in Florida, welcoming Brian Wilcox, Matt Poncy, and Jonah Puttbach. Wilcox will lead the healthcare brokerage for the Southeast, leveraging nearly two decades of industry experience.
Major Construction Loan in Abilene
Newmark has successfully secured a $7.1 billion construction loan for the second phase of an AI-focused data center campus in Abilene, Texas. This project is expected to total $15 billion and will serve crucial applications for AI and cloud computing. Financial backing for this project comes from J.P. Morgan and other institutional lenders, signifying a substantial investment in technological infrastructure.
Streamlined Operations for Clients
Newmark is also optimizing its internal operations by unifying its Property Management and Facilities Management services. With Richard Holden as the President and Jason Martindale in charge of Global Facilities Management, the firm aims to provide integrated solutions that enhance operational efficiency and sustainability for clients worldwide.
As Texas continues to emerge as a hub for real estate innovation and growth, companies like Newmark and Avison Young are pushing the boundaries of possibility. With ample investments and strategic hires, the future looks promising for the Lone Star State in the business realm.
Deeper Dive: News & Info About This Topic
- CoStar: Newmark Expands Retail Team Across US
- Wikipedia: Newmark Group
- Chain Store Age: Newmark Global Retail Goes Free Agent
- Google Search: Newmark real estate
- Boston Real Estate Times: Newmark Arranges $7.1 Billion Loan
- Encyclopedia Britannica: Real Estate
- PR Newswire: Newmark Announces Enhanced Management Structure
- Google News: Newmark
Author: STAFF HERE AUSTIN WRITER
The AUSTIN STAFF WRITER represents the experienced team at HEREAustinTX.com, your go-to source for actionable local news and information in Austin, Travis County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as SXSW, Austin City Limits Music Festival, Formula 1 United States Grand Prix, and the Austin Film Festival. Our coverage extends to key organizations like the Greater Austin Chamber of Commerce and Visit Austin, plus leading businesses in technology, automotive, and retail that power the local economy such as Dell Technologies, Tesla, and Apple. As part of the broader HERE network, including HERECollegeStation.com, HEREDallas.com, HEREHouston.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
