Northmarq expands Investment Sales into Minneapolis/St. Paul market

Jeff Budish, Ted Bickel join as Managing Directors

Minneapolis, Minnesota (September 6, 2022) — Northmarq’s expansion into Investment Sales has moved into the company’s corporate headquarters market of Minneapolis/St. Paul following four years of growth that added more than 100 multifamily investment sales experts across the Sunbelt and Midwest. Managing Directors Jeff Budish and Ted Bickel joined Northmarq along with their team, Senior Associate Ryan Spengler, Senior Investment Sales Analyst Lauren Panzer, and Senior Marketing Coordinator Lacey O’Connor. They will collaborate closely with the Minneapolis/St. Paul debt and equity team led by Dan Trebil, managing director – debt & equity.   

Budish, with more than 14 years of industry experience, joins Northmarq after five years at Colliers and nearly nine years with CBRE. Bickel spent 11 years with Colliers, starting in their legal department while in law school before transitioning into multifamily investment sales. Budish and Bickel have worked as a team since 2017, completing $1.62 billion in transaction volume.

“We’re excited to expand to the Midwest, where Jeff and Ted can also collaborate with our teams in Kansas City, St. Louis, and Chicago to provide better support for clients with assets from the Dakotas to Missouri,” said Trevor Koskovich, president – Investment Sales. “They both bring strong client service and deep insights about the Minneapolis-St. Paul market. Finally, they are a great cultural fit, which is an important element in all of our recruiting.”

Northmarq’s Minneapolis debt & equity team is comprised of five producers with a strong track record of arranging debt and equity for all property types. “We are excited to join forces with a team of industry veterans.  With debt/equity capital being so closely linked with acquisitions and dispositions, this will enhance our ability to more fully advise our extensive client base,” said Trebil. Northmarq’s Investment Sales platform sold more than 300 properties in 2021 totaling over $11.7 billion; in the second quarter of 2022, it has a robust pipeline of more than 240 properties valued at $8 billion. See the company’s listings.

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