Newmark Group Inc.

10/28/2024 | Press release | Distributed by Public on 10/28/2024 07:07

Newmark Broadens Land Services Presence in Texas, Adding Industrial Land Expert David Claros

October 28, 2024 9:00 AM

Newmark announces David Claros has joined the firm as an Executive Managing Director in its Houston office, adding to the firm's growing Land Services team in Texas. In his role, Claros will focus on industrial land and investment sales across Texas metropolitan areas including Houston, Austin-San Antonio and Dallas-Fort Worth. He will report to Ran Holman, Executive Vice President and Texas Market Leader.

"We are thrilled to welcome David to our team as he represents another significant addition to our esteemed Land Services division in Texas," said Holman. "David's deep expertise and impressive track record in industrial land transactions will be invaluable as we continue to grow and enhance our offerings in the region."

Claros brings over a decade of experience spearheading industrial land acquisitions, dispositions and development projects for developers, landowners and investors. In the past five years alone, he has been involved in $500 million worth of industrial land transactions, encompassing more than 1,000 acres across Texas for institutional, corporate and private clients. He joins Newmark following the recent addition of land sales expert Meredith Cullen in Houston.

Prior to joining Newmark, Claros served as a Senior Director at Dosch Marshall Real Estate (DMRE), where he was responsible for developing and growing DMRE's Industrial Land Team in Texas. Previously, he was a Senior Associate at Caldwell Companies, where he specialized in land and industrial buyer-tenant representation, and served as a General Manager for Palm Harbor Homes in Bryan-College Station.

"I was drawn to Newmark's robust full-service platform and exceptional cross-functionality, which allow me to meet clients' varied needs seamlessly," said Claros. "I look forward to collaborating with local land sales experts like Meredith and working across diverse teams, particularly Industrial Capital Markets, to leverage the firm's cross-functional capabilities and drive innovation and growth in the Texas market."

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. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of June 30, 2024, Newmark's company-owned offices, together with its business partners, operate from approximately 170 offices with 7,800 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 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.