11/20/2024 | Press release | Distributed by Public on 11/20/2024 15:50
November 20, 2024 9:00 AM
Newmark[1] announces the firm has hired Vince Punzi and Lowell Takahashi as Executive Managing Directors in the Irvine office. With nearly 40 years of experience as commercial real estate debt financing professionals, the two will focus on multifamily debt placement and structured finance, further expanding Newmark's leading debt advisory services in Southern California.
"Newmark remains committed to assembling the industry's most talented and expert multifamily debt origination team," said Sharon Karaffa, President, Multifamily Debt & Structured Finance. "Their proven track record and deep market knowledge will significantly benefit our clients and strengthen our position in the region."
Punzi and Takahashi join Newmark from Berkadia, where since late 2019 they originated financing opportunities across Fannie Mae, Freddie Mac, FHA, debt funds, banks and life insurance company transactions. Punzi and Takahashi both previously worked at Capital One, and Takahashi also spent nearly five years at Fannie Mae, where he led the Western Region Credit Team.
"Newmark's exceptional performance in multifamily lending is further enhanced by the firm's successful partnership with its national investment sales platform," said Punzi. "We're proud to be part of the Newmark team as it continues to build the nation's premier debt and investment sales platform."
For Takahashi, the move is a return to the organization he once called home. He worked for Berkeley Point Capital for more than a decade before departing in 2014. Newmark purchased Berkeley Point in 2018.
"Starting my career at Newmark provided me the skill set to work with the best multifamily owners in the business," Takahashi said. "I'm excited to return to the firm and build tailored solutions that exceed our clients' expectations."
[1] Dba 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. For the twelve months ended September 30, 2024, Newmark generated revenues of approximately $2.6 billion. As of that same date, Newmark's company-owned offices, together with its business partners, operated from nearly 170 offices with more than 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.