Jay Nugent is a Senior Managing Director with Newmark’s office in Newport Beach, California, where he specializes in representing Landlords and Tenants in Orange County. Over the course of his 20-year career, Mr. Nugent has represented many of the country’s largest institutional owners of real estate exclusively with their lease negotiations and dispositions. His experience includes new lease negotiations and renewals, build-to-suit developments, property dispositions and property valuation consulting.
Mr. Nugent joined Newmark in 2017 from the JLL agency practice in Orange County, which he oversaw and opened in late 2010. During his tenure at JLL, the practice grew throughout the region into one of Orange County’s largest and most accomplished commercial real estate teams. Since moving to Newmark this team now includes nine full-time employees dedicated to advising their institutional clients on their office portfolios.
Mr. Nugent has executed more than 10 million square feet of leases and sales on behalf of Landlords and Tenants over the course of his career, with a total transaction volume of more than $1 billion. He has consistently been recognized as one of CoStar’s National Top Power Brokers, as well as a regular Top Producer within Newmark. He has been invited to speak at the USC School of Real Estate on office development trends and is frequently a panelist at industry events discussing market dynamics.
Prior to working in Southern California, Mr. Nugent was with Spaulding and Slye Investments (now a division of JLL) in Boston where he was born and raised. In addition to real estate, Mr. Nugent has many interests, which include golf, cycling and being very active in his community. He is married with three children and resides in North Tustin, where he serves as a local youth football and Little League baseball coach. He is a supporter of many charities and currently serves on the Board of Directors for CASA Orange County, which helps provide advocacy for foster children who have experienced abuse, neglect and abandonment.