Newmark Group Unifies Property and Facilities Management Services
New York, April 14, 2025 /PRNewswire/ — Newmark Group, Inc. (Nasdaq: NMRK), a leading commercial real estate advisor, has announced the integration of its Property Management and Facilities Management service lines. This move aims to provide enhanced end-to-end solutions to clients worldwide. Richard Holden has been promoted to President, Property and Facilities Management, while Jason Martindale is now the Global Facilities Management Leader.
The consolidation of these services is expected to create synergies and offer clients access to a broader range of integrated solutions. Luis Alvarado, Chief Operating Officer, emphasized the benefits of aligning these services to optimize operations, promote sustainability, and deliver high-quality solutions on a global scale. Newmark’s recent expansions, including the acquisition of Gerald Eve and new brokerage operations in France and Germany, demonstrate the company’s commitment to global growth in Management Services.
Elizabeth Hart, President of Leasing for North America, commended Richard and Jason for their role in the significant growth of these service lines. Over the past four years, Management Services revenues increased by approximately 78%, with a 74% improvement in square feet managed. Richard Holden, with over 25 years of industry experience, will now oversee both Property and Facilities Management, ensuring consistent service and value creation for clients worldwide. Jason Martindale, an accomplished facilities management leader, will lead Newmark’s Facilities Management services, focusing on operational excellence and innovation across client portfolios.
The unified approach to Property and Facilities Management is designed to provide clients with better visibility, control, and access to Newmark’s expertise. Richard Holden highlighted the strategic oversight that this structure allows, ensuring a unified approach to operations and value creation. Jason Martindale emphasized the importance of offering clients a more connected way to manage their real estate portfolios with global expertise and innovation.
Newmark Group, Inc., a world leader in commercial real estate, offers tailored services to clients across the property life cycle. The company’s global reach and market intelligence provide superior service to clients worldwide. With revenues exceeding $2.7 billion for the twelve months ended December 31, 2024, Newmark operates from approximately 170 offices with over 8,000 professionals across four continents.
In conclusion, the integration of Property and Facilities Management services at Newmark aims to enhance client solutions and drive global growth. By leveraging the expertise of leaders like Richard Holden and Jason Martindale, Newmark is well-positioned to deliver innovative and strategic real estate management services to clients worldwide. For more information, visit nmrk.com or follow @newmark on Twitter.
