‘An astronomical 9x jump in one year’
MINNEAPOLIS (March 7, 2022) — In the year-end 2021 rankings by Real Estate Alert, Northmarq moved into the top 10 of brokerage firms selling properties greater than $5 million, the first time since the company began its investment sales business in 2018.
Jeffrey Weidell, Northmarq’s chief executive officer, praised the 150-person Investment Sales group for their entrepreneurial spirit and client focus. “It’s been amazing to see the energy that comes from adding Investment Sales into our business – not only the transaction volume but the referral business to our financing experts. Clients appreciate the level of attention they get from us, and that shows in the number of repeat clients.”
According to REA, “The largest percentage increase in the top 10 was by Northmarq, whose sell-side work on $10.61 billion of trades was an astronomical 941% jump that boosted its market share to 2.1% from 0.5%.”
In the Multifamily category, the publication noted that “Northmarq had the largest gain in sales activity among major brokerages, with volume jumping more than sixfold. That moved the brokerage, which has added dozens of property-sales teams over the last two years, into eighth place from 10th in 2020.
Weidell praised Trevor Koskovich, president of Investment Sales, for his ability to build teams across the country and noted that in three markets – Dallas, Phoenix, and San Antonio – Northmarq is already in the top five.
“I’m very proud of my team, and our partners on the debt & equity side of the business. We’ve really focused on showing up as one team to our clients, and the transaction volume indicates clients value that level of service,” said Koskovich. “We also have an amazing group of professionals behind-the-scenes, handling marketing, the financial analysis, and transaction management.”