Wiesenberg leads Newmark into the new century

Real Estate Weekly, Jan 17, 2001

Managing Director is REBNY's Executive of the Year

Morris Wiesenberg, RPA, Senior Managing Director of Newmark & Company Real Estate is this year's winner of the George M. Brooker Management Executive of the Year Award.

His company, Newmark & Company Real Estate Inc. is one of the leading independent, full-service commercial real estate firms in the United States. The company owns a private portfolio of nine million SF of space, is one of the top-ranked commercial brokerage firms in New York, is one of the largest property management firms in New York, leases and/or manages 46 million SF of space, and continuing to expanding its service lines, geographic coverage, and market penetration.

Managing its own portfolio of Manhattan properties, Newmark & Company Real Estate, Inc. made its debut in commercial real estate in 1929. Building on this foundation, Newmark expanded its portfolio, its client base, and its mastery of the real estate business. At the same time, the firm went on to achieve a level of stability and innovation that ultimately defined the Newmark brand. Decades of accomplishment in New York and nationwide secured Newmark's status as a premier provider of real estate and financial services.

And the momentum continues. In recent years, the firm has experienced explosive growth. Building on its strength in the more traditional brokerage and management disciplines, Newmark added an array of investment and advisory services. The company expanded geographically as well. With market coverage in New York City, Long Island, Westchester county, Connecticut, New Jersey, Washington, D.C., and Southern California, Newmark created a national platform from which to better serve its growing list of corporate clients.

Today, Newmark is one of the leading independent full-service commercial real estate firms in the United States. Newmark's comprehensive services include brokerage, property, and asset management, construction, telecommunications retail, and corporate advisory, investment, and financial services. Leading the firm through market swings and seizing upon new opportunities, Newmark has established its reputation as an innovator and trailblazer in the real estate industry.

Newmark's pioneering efforts throughout the last several decades paved the way for its expansion into new markets. Today, Newmark leverages its expertise to successfully represent both owners and tenants in the sale, acquisition, and leasing of office, retail, and industrial space.

As successful owners of a major portfolio, Newmark's principals are in a unique position to advise clients on commercial property investments. Currently, Newmark represents owners in the leasing of properties totaling 34 million SF in New York alone. Newmark's diverse properties range from downtown skyscrapers to suburban warehouses to telecom hotels.

Newmark's brokerage professionals have distinguished themselves as experts in structuring high-profile, unique, and often complex transactions. Many of Newmark's brokers further specialize in "niche" markets such as law, new media, finance, and the not-for-profit sector. Their record of accomplishments has catapulted Newmark into a national powerhouse of brokerage services.

In 2000, Newmark acquired New Spectrum Realty Services, the highly respected store leasing firm, becoming one of the largest retail brokerages in the New York metropolitan area.

Newmark has owned and managed commercial real estate for more than 70 years, a history that has given the firm a special understanding of the property-owner's point of view. Today, Newmark is the second-largest commercial property manager in the New York metropolitan area, leasing and/or managing 46 million SF of space. Whether evaluating infrastructure, upgrading technology, improving operational efficiency, or supervising renovations and restorations, Newmark's experience and uniquely streamlined purchasing and accounting procedures provide exceptional value for both owners and tenants.

Whether it's restructuring a retail business in financial stress or developing entirely new expansion strategies, Newmark provides its clients with the strategic and business planning expertise necessary to address the complex financial, operational, and real estate issues confronting the retail industry. By merging the three disciplines of retail operations, investment banking, and real estate brokerage into a single entity, Newmark created Newmark Retail Financial Advisors, a fully integrated source for retail financial services, mergers, and acquisitions, business assessment and valuation, e-commerce, financing, inventory dispositions, accounts receivable placements, and real estate acquisition and disposition. Clients included retailers, landlords, creditors, lenders, and other parties-in-interest.

Newmark provides clients with sophisticated consulting and transaction services, including investment advising and due diligence; mortgage brokerage; equity and joint venture financing; and bankruptcy, restructuring, and investment sales services.