Chicago, Illinois (September 6, 2022) — Alex Malzone has been promoted to associate vice president – investment sales in Northmarq’s Chicago office. Malzone joined Northmarq in January of 2021 as a senior associate – investment sales, where he has assisted the team in multifamily assets focused on the Midwest region.
In his new role, Malzone will continue working with Parker Stewart, managing director – investment sales, and Dominic Martinez, vice president – investment sales, along with Northmarq’s Midwest debt/equity teams. Between the three investment advisors, the team sold 3,600 units totaling ~$500 million in sales and loan production in 2021 across the Midwest. Malzone’s competitive nature has helped bolster the team’s deal volume throughout secondary and tertiary markets across the Midwest.
Prior to Northmarq, Malzone started his career in commercial real estate as an associate director in Berkadia’s Chicago office. Before Berkadia, he was a member of the Miami University Real Estate Club in Oxford Ohio.
Malzone earned a B.A. from the University of Michigan in Economics and Political Science, and has a Master of Economics from Miami University.
Recently, Malzone secured the following sales:
- Terra Creek Apartments – $42.8 million; 278-unit multifamily property in Rockford, Illinois. Read the full story.
- Prairie Vista – $45 million; 304-unit multifamily property in Peoria, Illinois.
- The Maples – $24.83 million; 325-unit multifamily property in Racine, Wisconsin.