Newmark Group announced on March 5, 2025, the hiring of seven market-leading multifamily advisors to its Capital Markets practice, primarily in the Western U.S. This landmark addition includes Joseph Smolen and Geoff Boler, who join as Executive Vice Chairmen and will take on leadership roles within Newmark's multifamily business.
Smolen, Boler, and their team bring a track record of over $100 billion in closed transactions, having been responsible for more than 90% of multifamily sales in the Western U.S. with transaction sizes of at least $300 million over the last seven years. Notable sales include Westlake Village Apartments and Kiara in Seattle.
This strategic investment in Capital Markets and Multifamily talent aims to further strengthen Newmark's position as a leading multifamily capital markets provider. The firm ranked third in Multifamily sales volume in 2024, and these additions are expected to enhance its ability to deliver exceptional advisory and results for clients in this dynamic property type.
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