When it comes to commercial real estate, the Midwest doesn’t offer the same thrills that brokers can find on the coasts. Commercial brokers always tell me, no matter whether I’m writing about Kansas City or Columbus or Madison that their Midwest markets don’t suffer the same highs or lows that those on the coasts experience.
In tough economic times this stable nature is a blessing.
It’s why so many commercial brokers today are expanding their Midwest presences. That includes the latest national commercial brokerage to announce a big move in the Midwest, New York City-based Newmark Grubb Knight Frank. This company recently announced that it is promoting and adding new professionals in Pittsburgh (close enough to the Midwest), Cleveland and Detroit.
“We are thrilled to have a strong and deeply talented bench of professionals in Pittsburgh, Detroit and Cleveland who have built a stellar corporate reputation and a prominent client base,” said
James Kuhn, Newmark Grubb Knight Frank president, in a written statement accompanying the announcement.
Newmark Grubb Knight Frank’s new executive managing directors include Robert Nosal in Cleveland, Frederick Liesveld in Detroit and Gerard McLaughlin and Louis Oliva in Pittsburgh. Each brings decades of experience in their markets. Collectively, they have completed several billion dollars in real estate transactions.
“These appointments build on the strength and momentum of several hundred market professionals in Detroit, Cleveland and Pittsburgh,” said Kuhn.
Newmark Grubb Knight Frank is certainly no small player in the commercial industry. The company boasts more than 100 offices and 250 million square feet under management in North America.
And, like all savvy real estate firms today, the company is focusing on building a stronger presence in the Midwest. Why not? You can’t beat stable and steady today.
– Dan Rafter