Newmark: Hires Mike Smith as Northwest Market Leader

October 18, 2021 1:30 PM

Newmark¹ announces that it has hired Mike Smith as Executive Vice President and Market Manager for its Northwestern US region. Smith, who takes office on Nov. 8, will be responsible for Newmark’s presence in the Northwest market, working on the strategic expansion of customer services and overseeing all operations of its 15 regional offices.

“Mike has a proven track record of managing large commercial real estate services teams, with an eye for process improvement and integration of service offerings,” said Kevin mccabe, president of the Western United States of Newmark. “The Northwest is a hotbed of growth in technology, life sciences and overall population migration, and we are delighted to have Mike’s leadership as Newmark expands operations in the region accordingly. . ”

Smith, a 30-year commercial real estate industry veteran, will manage the region’s revenue growth and year-over-year profitability, recruiting and training. In line with Newmark’s mission to continually improve its products and services, it will also support the development of the best workflow processes, focusing on promoting productivity and efficient customer service. Smith will work closely with the President of Newmark, Northwest Region, Chuck Seufferlein, who continues to oversee authorized activities within brokerage operations and to serve as a strategic advisor within regional brokerage management.

“Newmark has established itself at the forefront of the major changes that are shaping our industry, and I am delighted to be a part of this leading organization in America’s premier high-growth market, the Northwest.” said Mike. “I look forward to leveraging our platform and market intelligence to continue our expansion across the region. ”

Prior to joining Newmark, Smith held senior positions at Cushman & Wakefield, both as General Manager of the Northwest region and President of the Western region. Previously, he held similar positions at CBRE as President West Region and President North West, responsible for Business Development, High Level Recruitment and Strategy Implementation.

As Newmark is poised to continue its global growth, Michael sheinkop, who has been leading the region since mid-2020 and has an ever-lingering passion for fueling the company’s brokerage operations, will be leaving the Northwest by year-end to support strategic investment and management to accelerate growth in a post-pandemic economy.

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About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), along with its subsidiaries (“Newmark”), is a global leader in commercial real estate, seamlessly fueling every phase of the property lifecycle. Newmark’s full range of services and products are uniquely tailored to suit every customer, from owners to occupants, investors to founders, and startups to blue chip businesses. Combining the platform’s global reach with market intelligence in established and emerging real estate markets, Newmark provides superior service to clients across the industry. Newmark generated revenues of over $ 2.2 billion for the twelve months ending June 30, 2021. The offices owned by the Newmark company, as well as its business partners, operate from more than 160 offices with approximately 6,200 professionals worldwide. To learn more, visit nmrk.com or follow @newbrand.

Discussion of forward-looking statements regarding Newmark
Statements contained 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 regarding the effects of the COVID-19 pandemic on the business, results, financial condition, liquidity and prospects of the Company, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, perhaps materially, from what is currently expected. Except as required by law, Newmark assumes 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 forward-looking statements, see Newmark’s Securities and Exchange Commission documents, including, but not limited to, risk factors and the special note on Forward-looking information set out in these documents and any updates to such risk factors and the special note on forward-looking information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.


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