Newmark Announces Alliance Agreement with Mountain West, Leading Intermountain West Commercial Real Estate Brokerage Group

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Newmark Group (Nasdaq: NMRK) has announced a strategic alliance agreement with Mountain West Commercial Real Estate, forming Newmark Mountain West. The alliance strengthens Newmark's presence across five states in the Intermountain West region: Utah, Idaho, Wyoming, Montana, and Nevada.

The newly formed entity will operate as an independently owned member of the Newmark Licensee Group, combining Mountain West's regional expertise with Newmark's global platform. Since 2022, the combined teams have completed over 5,000 transactions across five countries and 39 states, totaling more than $9.3 billion in value. Newmark Mountain West employs nearly 200 people across multiple offices, including locations in Salt Lake City, Ogden, Idaho Falls, Reno, and Las Vegas.

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Commercial Real Estate Strategist

Newmark's Mountain West alliance expands regional footprint, creating synergistic capabilities that enhance service delivery across five intermountain states.

Newmark's alliance with Mountain West Commercial Real Estate represents a strategic geographic expansion that significantly strengthens the firm's presence across the Intermountain West region. The deal creates an independently operated entity under the Newmark Licensee Group that will leverage Newmark's global platform while maintaining Mountain West's established regional expertise. This expansion fills an important gap in Newmark's national coverage map.

The combined operation brings impressive scale, having completed over 5,000 transactions totaling $9.3 billion since 2022 across five countries and 39 states. With nearly 200 employees and offices across multiple locations in Utah, Idaho, and Nevada, Newmark Mountain West immediately becomes a dominant player in the region.

The alliance follows the industry-wide trend of national brokerages seeking to enhance their competitive position through strategic local partnerships rather than ground-up expansion. For Newmark specifically, this approach allows rapid market penetration while leveraging Mountain West's existing client relationships and local market knowledge – particularly valuable in secondary and tertiary markets where local expertise is paramount.

The transaction highlights include Mountain West's impressive transaction resume, including a $370 million Amazon industrial portfolio sale, a 270,000-square-foot industrial lease in Layton, Utah, and a $91.5 million hotel transaction in downtown Salt Lake City. These high-profile deals demonstrate the quality of the platform Newmark is integrating and suggest potential cross-selling opportunities across Newmark's broader client base.

Newmark Mountain West Will Operate Across Five States, Forming Region's Leading Service Provider

NEW YORK, Aug. 12, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the strengthening of its presence in Utah, Idaho, Wyoming, Montana and Nevada through the execution of an alliance agreement with Mountain West Commercial Real Estate ("Mountain West"), the leading commercial real estate brokerage firm in those markets. Mountain West will operate as Newmark Mountain West, an independently owned and operated member of the Newmark Licensee Group, and leverage Newmark's internationally recognized brand and network.

Combining local expertise with the global platform of talent and resources of the fastest-growing publicly traded commercial real estate company in the world¹, Newmark Mountain West will build on the collective team's reputation for completing some of the local market's most complex and impactful transactions. Between the two groups, Newmark Mountain West has completed more than 5,000 transactions throughout five countries and 39 states, totaling more than $9.3 billion in total value since the start of 2022.

"By combining Mountain West's regional expertise with Newmark's expansive resources and global platform, we're creating even greater value for our clients—today and into the future," said Lou Alvarado, Chief Operating Officer of Newmark. "Newmark Mountain West's services complement Newmark's suite of Investor and Occupier Solutions."

Newmark Mountain West has nearly 200 employees and offices in, among other locations, Salt Lake City, Ogden, Clearfield, Pleasant Grove, St. George in Utah; Idaho Falls in Idaho; and Reno and Las Vegas in Nevada.

"Together, we're building a next-generation commercial real estate business—one that's agile, data-driven and designed to meet the evolving needs of our clients across the Intermountain West and beyond," said Chad Moore, Chairman of Newmark Mountain West. "We're eager to see where this relationship takes our companies."

"We've been proud to serve clients across the Intermountain West for the past 25 years, and we're now positioned to take that service to the next level," said Kyle Roberts, Vice Chairman at Newmark Mountain West. "Bringing together the talent, relationships and market knowledge of both organizations under one banner allows us to deliver broader capabilities and deeper insights to our clients across the region."

Newmark Mountain West's team of broker-advisors have been involved in some of the region's most industry-shaping transactions in recent history, including a $370 million Amazon industrial portfolio sale across the western U.S., a 270,000-square-foot industrial lease in Layton, Utah and the $91.5 million sale of the Marriott Courtyard hotel in downtown Salt Lake City. The combined team includes Utah CCIM's Retail, Specialty, Investment and Industrial brokers of the Year as well as the Broker Team of the Year. 

"Newmark's resources and global reach are a powerful value-add for our business, enhancing everything from market intelligence to client execution," said Nick Wood, Chief Executive Officer of Newmark Mountain West. "By integrating these strengths with Mountain West's deep regional knowledge, we're delivering more strategic, far-reaching solutions for our clients."

About Newmark Mountain West
Newmark Mountain West, an independently owned and operated member of the Newmark Licensee Group, delivers a comprehensive suite of commercial real estate services tailored to Newmark clients across the US Intermountain region. With nearly 200 professionals operating across Utah, Idaho, Nevada, Wyoming and Montana, it is the region's dominant commercial real estate firm. The operation is led by Chief Executive Officer at Newmark Mountain West Commercial Nick Wood, who oversees an integrated team of experts serving occupiers, investors and developers.

The team leverages Newmark's (Nasdaq: NMRK) global platform to deliver a full suite of services that power every stage of the property life cycle—from strategy to execution—through offices worldwide.

To learn more about Newmark Mountain West, visit www.nmrk.com.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

¹Newmark's 2011 revenues are based on unaudited full year 2011 revenues for Newmark & Company Real Estate, Inc. The peers included in the 2011- 2024 2023 average are U.S. tickers CBRE, CIGI, JLL, MMI, and WD, (in USD) and U.K. ticker symbol SVS (in GBP). These companies generated total revenue CAGRs of between approximately 7% and 17%, or a simple mean of 13%, from 2011 through 2024 compared with Newmark's 21% CAGR. In addition, U.S. ticker CWK did not report revenues for periods before 2015 and is therefore excluded.

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SOURCE Newmark Group, Inc.

FAQ

What is the strategic alliance between Newmark and Mountain West Commercial Real Estate?

Newmark and Mountain West formed Newmark Mountain West, an independently owned member of the Newmark Licensee Group, operating across Utah, Idaho, Wyoming, Montana and Nevada.

How many transactions has Newmark Mountain West completed since 2022?

The combined teams have completed over 5,000 transactions across five countries and 39 states, with a total value exceeding $9.3 billion since 2022.

What are some notable transactions by Newmark Mountain West?

Notable transactions include a $370 million Amazon industrial portfolio sale, a 270,000-square-foot industrial lease in Layton, Utah, and the $91.5 million sale of the Marriott Courtyard hotel in downtown Salt Lake City.

How many employees does Newmark Mountain West have and where are they located?

Newmark Mountain West has nearly 200 employees with offices in Salt Lake City, Ogden, Clearfield, Pleasant Grove, St. George (Utah), Idaho Falls (Idaho), and Reno and Las Vegas (Nevada).

What is the significance of this alliance for NMRK's market position?

The alliance strengthens Newmark's presence in the Intermountain West region by combining Mountain West's regional expertise with Newmark's global platform and resources, enhancing their service capabilities for institutional investors and corporate clients.