NorthMarq Real Estate Services realigns internal business divisions
MINNEAPOLIS (March 9, 2010) — NorthMarq Real Estate Services announced
today that it has realigned its internal business divisions, organizing
all services into two primary business units – Real Estate Management
and Transaction and Advisory Services. This action does not impact any
client relationships and will result in very few staff reductions.
“This will simplify the way we deliver key services to our two primary
client groups: investors and corporate users,” said Jeff Eaton,
president-NorthMarq Real Estate Services. “We continue to integrate more
closely with our NorthMarq colleagues around the country in the mortgage
banking, investment sales and property management businesses.”
The goal of the realignment is to increase efficiency and streamline
service delivery to clients, specifically to improve internal
collaboration and fully integrate the former Opus Property Services
business acquired in Oct. 2009.
“As a result of our recent growth, we have been working to leverage new
capabilities in locations across the country, especially where we have
multiple services in the same city,” said Eaton.
The most significant change is that the services previously organized
under the Brokerage, Property Management and the Corporate Solutions
business units will be moved into one of two new divisions – Real Estate
Management and Transaction and Advisory Services. NorthMarq will
continue to offer all of the same services, but with a different
internal structure intended to improve the company’s focus on investors/
developers and corporate/user clients.
The NorthMarq acquisition of the Opus Property Services business in Oct.
2009 doubled size of the company's managed portfolio. The company now has nearly
800 employees throughout the country and manages more than 60 million
sq. ft. of commercial space.
About NorthMarq
NorthMarq offers commercial real estate services for investors,
developers and users/occupiers of space from its headquarters in
Minneapolis, Minn. The company manages more than 60 million sq. ft. of
retail, industrial and office assets in 22 markets around the country
and handles more than 7,500 transactions annually. It also provides
mortgage banking and commercial loan servicing in 32 offices
coast-to-coast, with an average of $10 billion in annual production
volume and services a loan portfolio of nearly $39 billion. For more
information, please visit www.northmarq.com.
Contact:
Martha Nevanen
952.893.7539
martha.nevanen@marquettere.com
Gwen Chynoweth
Maccabee Group
612.337.0087