November 26, 2024 9:00 AM

Newmark[1] is pleased to announce that Alex Lassar has joined the firm as a Senior Managing Director in San Francisco. With over 20 years of experience representing a variety of occupiers across the technology sector, Lassar strengthens Newmark's commitment to providing custom, scalable solutions for high-growth clients and further enhances the firm's Technology and Innovation Practice Group.

"Hiring Alex aligns with Newmark's strategy to attract top talent to our platform," said Elizabeth Hart, Newmark President of Leasing for North America. "As we see office tenants again starting to grow and demanding more office space around the country, particularly in the technology sector, experts like Alex are crucial to providing the best and most innovative client service possible."

"Newmark's Bay Area occupier team has a strong track record of creating value for notable technology companies as they scale their real estate strategy globally," said Jon Mackey, Executive Managing Director, Market Leader. "Adding Alex's combination of entrepreneurial spirit, industry insight and global market knowledge will further elevate the solutions we deliver as artificial intelligence and utilizing technology in our day-to-day becomes increasingly important to our internal team and clients."

Lassar has facilitated millions of square feet of transactions in U.S. and international markets, advising occupiers with strategic, flexible solutions across asset types. San Francisco office leasing in 2024 has reached a post-pandemic annual high, largely due to leasing by technology companies, according to Newmark Research. AI companies, specifically, have bolstered 2024 leasing thanks to large leases. Leasing from the technology sector is expected to increase nationally in coming quarters due to renewed investor interest in technology VC funding, primarily driven by innovations in the AI space.

"I'm excited to join Newmark and leverage the firm's vast resources and network to deliver tailored services to clients," said Lassar. "The platform at Newmark is highly entrepreneurial yet perfectly balanced with structure and scale through amazingly talented partners. Newmark is positioned to develop and deliver cutting-edge solutions, unlock further value and offer an even better client experience going forward."

[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.