Newmark Group Inc.

10/18/2021 | Press release | Distributed by Public on 10/18/2021 12:08

Newmark Hires Mike Smith as Northwest Market Leader

Newmark Hires Mike Smith as Northwest Market Leader

October 18th, 2021 1:24pm
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October 18, 2021 1:30 PM

Newmark¹ announces it has hired Mike Smith as Executive Vice President and Market Leader of its U.S. Northwest region. Smith, who takes his post November 8, will be responsible for driving Newmark's presence in the Northwest market, working to strategically expand client services and oversee all operations for its 15 regional offices.

"Mike has a proven track record in managing large commercial real estate services teams, with an eye on improving processes and integrating service offerings," said Kevin McCabe, President of Newmark's U.S. West Region. "The Northwest is a hotbed for growth when it comes to technology, life sciences and overall population migration, and we're pleased to have Mike's leadership as Newmark expands its operations in the region commensurately."

Smith, a 30-year commercial real estate industry veteran, will manage the region's year-over-year revenue growth and profitability, recruiting, and training. In line with Newmark's mission to continually enhance its products and services, he will also support the development of best-in-class workflow processes, focusing on promoting productivity and efficient client service. Smith will work closely with Newmark's President, Northwestern Region, Chuck Seufferlein, who continues to supervise licensed activity within brokerage operations and serve as a strategic advisor within regional brokerage management.

"Newmark has established itself at the forefront of the major shifts that are shaping our industry, and I'm excited to become part of this leading organization within the high-growth core U.S. market that is the Northwest," said Mike. "I look forward to leveraging our platform and market intelligence to further our expansion throughout the region."

Prior to joining Newmark, Smith served in leadership roles with Cushman & Wakefield, both as Northwest Regional Managing Principal and President, West Region. He previously held similar roles with CBRE as President, West Region and President, North West, responsible for business development, high-level recruiting and strategy implementation.

As Newmark is poised for continued global growth, Michael Sheinkop, who has led the region since mid-2020 and has an ever-persistent passion for fueling the company's brokerage operations, will be transitioning out of the Northwest by year-end in order to support corporate strategic investment and management to accelerate growth in a post-pandemic economy.

¹dba Newmark Knight Frank in California

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues in excess of $2.2 billion for the trailing twelve months ending June 30, 2021. Newmark's company-owned offices, together with its business partners, operate from over 160 offices with approximately 6,200 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark 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. These include statements about the effects of the COVID-19 pandemic on the Company's business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark 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's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.