10/12/2021 | Press release | Distributed by Public on 10/12/2021 14:13
Established market leader to oversee operations and performance in the western half of the U.S. in elevated role
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October 12, 2021 4:00 PM
Newmark Group, Inc. announces the promotion of Kevin McCabe, a 35-year commercial real estate veteran, to President, Western Region. Kevin, who previously served in the role of Executive Vice President and Regional Managing Director for Newmark, will oversee all facets of the platform's operations and performance in the western half of the United States.
"Kevin has proved himself a creative, decisive and forward-thinking leader, both on behalf of our clients and within our organization," said Newmark Chief Revenue Officer Lou Alvarado. "He has played an instrumental role in guiding Newmark's growth in the U.S. and throughout Latin America, and we are excited that he will be bringing his expertise to this expanded role."
Kevin previously led performance for the platform's Central Region, where he successfully broadened client services in the areas of capital markets, tenant and landlord representation, global corporate services, site selection and single-tenant net lease. He also provided oversight to 15 international offices spanning Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico, Panama, Peru and Puerto Rico. With a proven eye for operational excellence, Kevin will drive staff development, training, recruiting and collaboration throughout the Western region; Newmark Chief Revenue Officer Luis Alvarado manages the platform's Eastern Region.
"It has been incredibly gratifying to grow the Newmark platform domestically and internationally, and to simultaneously grow as a professional through my 10 years with the company," said McCabe. "I'm eagerly looking forward to the next chapter of growth for Newmark, particularly as we invest in new technologies, service offerings and the recruitment of leading experts to our platform."
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.