Newmark Expands Intermountain West Presence Through Alliance with Mountain West Commercial Real Estate

Newmark Group has announced an alliance agreement with Mountain West, a leading commercial real estate brokerage firm in Utah, Idaho, Wyoming, Montana, and Nevada. The combined entity, Newmark Mountain West, will operate under the Newmark Licensee Group and leverage the globally recognized brand and network. The alliance brings together nearly 200 employees and offices in several locations, offering a next-generation commercial real estate business designed to meet the evolving needs of clients across the Intermountain West and beyond.

Newmark Group, Inc. (Nasdaq: NMRK) has announced an alliance agreement with Mountain West Commercial Real Estate (Mountain West), a leading commercial real estate brokerage firm in Utah, Idaho, Wyoming, Montana, and Nevada. The combined entity, Newmark Mountain West, will operate under the Newmark Licensee Group and leverage the globally recognized brand and network of Newmark Group. This strategic partnership aims to enhance the company's presence in the Intermountain West region and offer a next-generation commercial real estate business designed to meet the evolving needs of clients.

The alliance brings together nearly 200 employees and offices in several locations, including Salt Lake City, Ogden, Clearfield, Pleasant Grove, St. George in Utah; Idaho Falls in Idaho; and Reno and Las Vegas in Nevada. Newmark Mountain West will build on the collective team's reputation for completing complex and impactful transactions. Between the two groups, Newmark Mountain West has completed more than 5,000 transactions throughout five countries and 39 states, totaling more than $9.3 billion in total value since the start of 2022 [1].

Lou Alvarado, Chief Operating Officer of Newmark, stated, "By combining Mountain West's regional expertise with Newmark's expansive resources and global platform, we're creating even greater value for our clients—today and into the future." Newmark Mountain West's services complement Newmark's suite of Investor and Occupier Solutions [1].

Chad Moore, Chairman of Newmark Mountain West, expressed his enthusiasm for the collaboration, stating, "Together, we're building a next-generation commercial real estate business—one that's agile, data-driven and designed to meet the evolving needs of our clients across the Intermountain West and beyond." Kyle Roberts, Vice Chairman at Newmark Mountain West, added, "Bringing together the talent, relationships and market knowledge of both organizations under one banner allows us to deliver broader capabilities and deeper insights to our clients across the region" [1].

The combined team includes Utah CCIM's Retail, Specialty, Investment and Industrial brokers of the Year as well as the Broker Team of the Year. Newmark's resources and global reach are a powerful value-add for the business, enhancing everything from market intelligence to client execution [1].

Newmark Mountain West will deliver a comprehensive suite of commercial real estate services tailored to Newmark clients across the US Intermountain region. The operation is led by Nick Wood, Chief Executive Officer of Newmark Mountain West Commercial, who oversees an integrated team of experts serving occupiers, investors, and developers [1].

This strategic alliance is part of Newmark Group's ongoing efforts to expand its global footprint and strengthen its market position. With a focus on delivering superior service to clients across the industry spectrum, Newmark Group continues to demonstrate its commitment to innovation and excellence in the commercial real estate sector.

References:
[1] https://www.prnewswire.com/news-releases/newmark-announces-alliance-agreement-with-mountain-west-leading-intermountain-west-commercial-real-estate-brokerage-group-302527823.html