Newmark Promotes Steven Golubchik to Executive Vice Chairman and President, Western Region Capital Markets

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Newmark has promoted Steven Golubchik to Executive Vice Chairman and President of Western Region Capital Markets, effective March 30, 2022. Golubchik will enhance the firm's presence in key West Coast markets, building on the rapid growth of its Capital Markets practice, which saw over $5 billion in property sales in Northern California in 2021. Newmark's market share in investment sales transactions increased by over 20%. Golubchik, who has closed more than $40 billion in transactions, aims to solidify Newmark's position in the commercial real estate market.

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• Promotion of Steven Golubchik enhances leadership in Capital Markets.
• Capital Markets practice saw over $5 billion in sales in 2021.
• Market share in Northern California increased over 20%.

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• None.

A key leader in Newmark's ascendant Capital Markets practice, Golubchik will build on the platform's rapid growth in Northern California and guide its continued expansion in key West Coast markets

SAN FRANCISCO, March 30, 2022 /PRNewswire/ -- Newmark announces the promotion of Steven Golubchik to Executive Vice Chairman and President, Western Region Capital Markets. 

Newmark's expansion into new markets is illustrative of the continued excellence and upward trajectory of one of the fastest-growing Capital Markets practices in the world.

Since joining Newmark in 2016, Golubchik has established the firm's Capital Markets practice as one of the most active real estate investment sales platforms in Northern California. Under Golubchik's leadership, the group has expanded to include 32 professionals throughout the region. The firm oversaw the sale of more than $5 billion of institutional-grade office, industrial and life science properties throughout Northern California in 2021 alone.

In his expanded role, Golubchik will work closely with Newmark's Co-Heads of U.S. Capital Markets, Kevin Shannon and Robert Griffin, to further enhance the firm's market presence throughout the West Coast markets as well as nationally.

"As increased cross-border investment continues to proliferate and Newmark's roster of Capital Markets clients has continued to grow internationally, it's become more imperative than ever that the top real estate investment advisors lead our practice in every key market around the world," said Newmark Chief Executive Officer Barry Gosin. "Steve is expertly suited to unlock opportunities for both U.S. and non-domestic investors seeking to deploy capital into the region's flourishing commercial real estate market."

Newmark's expansion into new markets is illustrative of the continued excellence and upward trajectory of one of the fastest-growing Capital Markets practices in the world. Since 2016, Newmark's regional ranking climbed three spots—to second—in investment sales transaction volume in Northern California, with an over 20 percent increase in market share, based on Real Capital Analytics data.

"As we grow closer to our goal of being number one in Capital Markets, Steve is an integral part of our leadership team," said Shannon. "His vast knowledge and deep network of relationships have been invaluable, and we're extremely pleased that he's made a long-term commitment to work with me to expand our practice throughout the western U.S."

"As Newmark continues its momentum in every top-tier, primary investment market—domestically and beyond—we are committed to elevating and promoting extraordinary talent," added Griffin. "Steve's success and his strong client connections in the Capital Markets space are a testament to his subject-matter expertise."

Golubchik, who serves on Newmark's national Capital Markets committee, has closed more than $40 billion in transactions encompassing more than 50 million square feet during the span of his 18-year career. Recognized by Newmark as one of the firm's top investment professionals, his accomplishments have also earned him several prestigious industry awards and recognitions.

"Leading the practice in Northern California over the past six years, at a time when clients have needed innovative strategies to navigate a quickly evolving investment landscape, has been a gratifying experience," said Golubchik. "In this expanded role, I look forward to applying my expertise in a broader context as part of the effort to cement Newmark as the most respected and sought-after Capital Markets platform in the world."

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. Newmark generated revenues in excess of $2.9 billion for the year ending December 31, 2021. Newmark's company-owned offices, together with its business partners, operate from approximately 160 offices with over 6,200 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 effects of the COVID-19 pandemic on 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.

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SOURCE Newmark Group, Inc.

FAQ

What is Steven Golubchik's new role at Newmark?

Steven Golubchik has been promoted to Executive Vice Chairman and President of Western Region Capital Markets.

When was Steven Golubchik's promotion announced?

His promotion was announced on March 30, 2022.

What sales volume did Newmark's Capital Markets practice achieve in 2021?

Newmark's Capital Markets practice oversaw sales exceeding $5 billion in 2021.

How much has Newmark's market share increased in Northern California?

Newmark's market share in Northern California has increased by over 20%.

How much has Steven Golubchik closed in transactions during his career?

Steven Golubchik has closed over $40 billion in transactions throughout his career.