Newmark is pleased to announce the continued and rapid growth of its Valuation & Advisory (V&A) practice at its Pittsburgh, Pennsylvania and Morgantown, West Virginia offices. With deep roots and a history of industry-leading client service in the Western Pennsylvania and West Virginia market, the team’s growth is being driven by a seasoned regional leadership team and a highly experienced group of appraisers.
At the helm is Senior Managing Director and Western Pennsylvania and West Virginia Market Leader Paul Griffith, MAI, CRE, FRICS, an industry veteran with a long track record of providing expert analysis and positioning area clients to realize maximum value on their assets and businesses. Assisting Mr. Griffith in the leadership effort is a team of prominent appraisers, including Senior Vice President Douglas A. Herold, MAI, and Senior Vice President Michele L. Allerton, MAI.
The team oversees a practice group that provides valuation and consulting services for a vast range of property types across the region. Ms. Allerton brings a wealth of knowledge and experience to Newmark’s V&A Healthcare and Senior Housing practice and has completed more than 800 assignments to date. Overall, the appraisers in the Pittsburgh and Morgantown offices bring an average of more than 20 years of experience to their practice.
“As we continue to grow our advisory business, it’s of utmost importance to have the right people with experience and knowledge of the region and its unique business opportunities,” said Mr. Griffith. “That is exactly what we have here at Newmark’s Western Pennsylvania and West Virginia practice. Our team has decades of combined experience in a comprehensive variety of properties, services, and situations. We are excited to have now the global resources that Newmark brings to our clients here.”
The Pittsburgh and Morgantown offices provide clients with on-the-ground market intelligence. The V&A practice leverages this regional expertise and experience to provide services that include property valuation, financial reporting, property tax, consulting, expert testimony, and market studies across a full range of real estate specializations.
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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