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Eduardo Padilla to Retire from NorthMarq

Eduardo Padilla, executive chair of NorthMarq, is retiring May 14 after nearly 30 years with the company. He served as CEO from 1999 to 2019, guiding the company’s growth from $3.5 billion in transaction volume to $16 billion at year-end 2020, and loan servicing volume from $10 billion to $65 billion. Padilla became executive chair in January 2020 when Jeffrey Weidell was promoted to CEO.

“As I think of all the key moments in our company history, nothing compares to the date in 1999 when we sold Northland Financial to the Pohlad family,” said Padilla. “One year later, I was given the business opportunity of a lifetime when the Pohlad family promoted me to CEO of the newly formed NorthMarq.”

Under Padilla’s leadership, the company completed 15 acquisitions starting with the largest, Legg Mason, in 2003. The company grew to nearly 600 employees in 40 locations.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types as well as delving into broader subject matter. He produces 15-20 daily news stories per day and also works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.

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