NorthMarq relocates Nevada office to Las Vegas
MINNEAPOLIS (July 5, 2012) —NorthMarq Capital, one of America’s largest
commercial real estate investment banking companies, is relocating its Reno
office to Las Vegas. The office will be located at 3960 Howard Hughes
Parkway, Suite 500, and continue to be managed by
Thomas J. Powell.
“Las Vegas is a great fit for our business, especially given the increase
in demand for multi-family loans. Since multifamily financing is a
significant part of our platform, we want to be more available to clients in
Las Vegas,” said
Jeff Weidell, president-NorthMarq Capital. Weidell oversees the western
half of the United States from his office in San Francisco. “Our Nevada
office enhances our strong presence in the western US and we are seeing
significant activity in the Las Vegas area.”
Before Powell joined NorthMarq in January 2012, he was chief executive
officer of ELP Capital, a private money management firm and Registered
Investment Advisor since 1999. His background includes experience in
banking, equity and debt and portfolio management. He holds a BS in Finance
and an MBA in Real Estate and is a member of Harvard University’s Advanced
Management Development Program in Real Estate.
He is a public speaker in the subject of economics and global trade and
is the author of a weekly economic newsletter, “The Powell Perspective” and
of “Standing in the Rain,” a business guide to understanding, surviving and
thriving in the current financial environment. He has also served as a
national trustee for the Boys and Girls Clubs of America.
Marcy Olson joins Powell in the Las Vegas office as a producer. Marcy
was previously with Resolute Capital Partners where she managed a $50
million distressed asset portfolio, and with ELP Capital, where she
originated and completed underwriting on real estate investments. She has
more than 20 years of experience in financing, portfolio management and risk
management in commercial and residential real estate. She has an MBA from
the University of San Diego and is a licensed broker in California and
Nevada, and also holds her Series 65 Securities - Investment Advisor
Representative.
About NorthMarq
NorthMarq Capital, the largest privately held commercial real estate
financial intermediary in the U.S, provides mortgage banking and commercial
loan servicing in 33 offices across the U.S. With an average of $9 billion
in annual production volume and servicing a loan portfolio in excess of
nearly $40 billion, the company offers expertise to borrowers of all size.
The company has a long track record of multi-family financing as a Freddie
Mac Program Plus™ Seller-Servicer, and through its affiliation with Fannie
Mae DUS lender AmeriSphere Multifamily Finance. In addition, NorthMarq has
long relationships with over 50 life companies, many CMBS platforms and
hundreds of local, regional and national banks. For more information, please
visit www.northmarq.com.
Contact:
Martha Nevanen
952.893.7539
martha.nevanen@marquettere.com
David Dozier
The Dozier Company
214.744.2800