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Newmark Completes $713M of Commercial Mortgages

San Francisco-based Newmark Realty Capital completed $712.7 million of commercial mortgages during 3Q 2018 across 81 unique transactions. Production totals for the first three quarters now exceed $1.8 billion, and volumes remain consistent with the independent commercial mortgage banking firm’s expectation to exceed $2 billion for a seventh year.

Newmark’s Michael Heagerty says, “The health of the commercial real estate markets remains excellent across all asset classes, and not surprisingly production volumes are led by multifamily transactions.”

In terms of capital requirements, the active property types included multifamily, retail and office. The company’s Los Angeles, San Francisco and Seattle production offices continued to show the highest placement volumes during the period.

The company notes forward-looking clients seek to take advantage of historically low rates. Industrial remains the favored asset class for allocations moving into the fourth quarter and 2019. Life companies remain the most active lending source for Newmark’s clients.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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