Newmark said Wednesday it had hired multifamily advisors Joseph Smolen, Geoff Boler, Will Purcell, Jonathan Merhaut, Lee Redmond, Eve Loecher and Eugene Chong to join its Capital Markets practice. All seven have joined from Eastdil Secured. Smolen, Purcell and Loecher will be based in Newmark’s San Francisco office, while Boler, Merhaut, Redmond and Chong will be based in Orange County.

Smolen and Boler, joining as executive vice chairmen, are known nationally as leading multifamily advisors. The two join the company to take on leadership roles within Newmark’s multifamily business and serve on its Multifamily Advisory Council. Purcell and Merhaut join as vice chairmen, Redmond joins as a vice chairman focused on multifamily financing, and Loecher and Chong join as senior managing directors.

Smolen, Boler, Purcell and Merhaut bring a formidable track record in both the Western U.S. and on national portfolio sales, with more than $100 billion in closed transactions between them. Over the past seven years, they have been responsible for more than 90% of multifamily sales in the Western U.S. with a transaction size of at least $300 million, according to Newmark.

“Newmark has consistently invested in building the nation’s leading Multifamily Capital Markets provider, and these additions further strengthen our position,” said CEO Barry Gosin. “Multifamily is one of the most dynamic property types, and by continually expanding our expertise and global reach, we enhance our ability to deliver exceptional advisory and results for our clients.”

Connect CRE has also learned that a healthcare capital markets team will be joining Newmark. We’ll provide further information as it becomes available.