Newmark Expands Reach Across Western US

Newmark is bolstering its presence in five Western U.S. states with an alliance agreement with Mountain West Commercial Real Estate, a CRE brokerage firm active in Utah, Idaho, Wyoming, Montana and Nevada.

Under the agreement, Mountain West will operate as Newmark Mountain West, leveraging Newmark’s global brand and network, but it will be an independently owned and operated member of the Newmark Licensee Group. The service provider has 200 employees, with offices in Salt Lake City, Ogden, Clearfield, Pleasant Grove and St. George in Utah; Idaho Falls, Idaho; and Reno and Las Vegas in Nevada, among other locations.

The alliance creates value by combining Mountain West’s regional expertise with Newmark’s wide-ranging resources and global platform, Newmark COO Lou Alvarado said in prepared remarks.

Since 2022, more than 5,000 transactions throughout five countries and 39 states were completed between the two groups, totaling more than $9.3 billion. The team of broker-advisors has been involved in some of the region’s top 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.

Top team members

Chad Moore is a CRE veteran who started his career in 1995 and now serves as the chairman of Newmark Mountain West. He cofounded Mountain West Commercial in 2009 with a group of other brokers, and served as the company’s CEO until 2022, when he took on the role of chairman.

Mountain West Commercial CEO Nick Wood will maintain the same position at Newmark Mountain West. Active in the commercial real estate space since 1999, Wood was a former managing director at Newmark Grubb ACRES, which had been operating through an alliance agreement with the firm then known as Newmark Knight Frank. He later headed Newmark’s industrial and logistics platform for the Americas.

Another CRE veteran who will be part of the leadership team at Newmark Mountain West is Kyle Roberts, who will serve as vice chairman. Roberts was a co-founding principal of Newmark Grubb ACRES in 1998 and oversaw the firm’s brand realignment from NAI to Newmark in March 2013. Since June 2016, he served as vice chairman of industrial and logistics/capital markets at Newmark.