Newmark is pleased to announce the expansion of its Valuation & Advisory (V&A) practice to Southern California. Newmark has developed a team of recognized and accomplished professionals and experts, led by industry veterans and Co-Practice Leaders Jim Myers, MAI, Executive Vice President, and Berick Treidler, Senior Managing Director. The new leaders will oversee a robust team of 36, including nine MAI designated professionals and 18 State Certified General Appraisers.
The Southern California V&A practice includes operations across the region and Hawaii and houses Specialty Practice leaders Executive Vice President Miles Loo, Jr., CRE, FRICS, Data Centers/Mission Critical Global Practice Leader, and Executive Vice President Steven J. Johnson, MAI, Self Storage Practice Leader. The team’s Certified General Appraisers have an average of more than 15 years of experience. In addition to retail, office, industrial and multifamily experience, the team brings local experience in the film industry, master-planned communities and residential subdivisions, hospitality, self-storage, litigation, mission critical, highest and best-use studies and government and institutional practices.
Based in the Downtown Los Angeles office, Mr. Treidler is responsible for regional oversight and is the Southern California Co-Market Leader. His position with Newmark follows a 30-year career at CBRE, where he last served as global director of strategic advisory services, leading the development of the global technology platform and data strategy for CBRE Valuation & Advisory Services. A frequent speaker at industry events, Mr. Treidler most recently was a panelist at the 2016 and 2017 ARGUS Connect conferences and EDR’s 2017 Prism Conference.
Mr. Myers is also a Southern California Co-Market Leader serving in the Downtown Los Angeles office, with a special focus on office properties. His expertise includes highest and best use studies, ground lease valuation and consulting, litigation support, real estate tax appeals, investment sales support and leasing support. He has successfully completed appraisal and consulting assignments for a comprehensive range of property types and has been involved in significant arbitrations relating to resets of ground leases and major leased premises. Prior to Newmark, Mr. Myers was an Executive Managing Director at Cushman & Wakefield, where he served for 31 years.
Mr. Loo is another talented executive in the firm’s Downtown Los Angeles office. He is recognized globally as a leading appraiser of data center properties. His experience includes advising private equity funds, institutional investors, large pension funds, Fortune 500 companies, cloud companies and Global IT conglomerates on investments in the full range of data centers. He is also a member of AFCOM and 7x24 Exchange and is regularly invited as a speaker at major US and international data center conferences. In addition to being a Counselor of Real Estate® and a Fellow of the Royal Institute of Chartered Surveyors, Mr. Loo has also earned the Accredited Tier Specialist (ATS) designation from the Uptime Institute and was recently named by Data Economy to the Americas 50 list, which recognizes the top datacenter influencers in the Americas.
Mr. Johnson is based in the Pasadena office, where he performs valuation and consulting assignments on a wide range of proposed and existing properties, specializing in self-storage facilities on a national level. Other assignments include retail, industrial, vacant land and special purpose properties. Additionally, Mr. Johnson manages the Pasadena office. Prior to Newmark, he worked with Integra Realty Resources for more than 14 years, most recently as a senior managing director.
“The goal of this practice is to provide clients with best-in-class appraisal and consulting reports that utilize the industry knowledge and regional expertise of our second-to-none Southern California team,” said Mr. Treidler. “Strategic growth will be achieved by attracting top professionals and empowering them to identify and develop unique service lines within Newmark’s Valuation & Advisory.”
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
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