{"id":1004032547,"date":"2011-09-22T05:43:09","date_gmt":"2011-09-22T13:43:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004032547"},"modified":"2022-12-08T20:59:22","modified_gmt":"2022-12-09T04:59:22","slug":"northmarq-cushman-merge-minnesota-operations","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/northmarq-cushman-merge-minnesota-operations\/","title":{"rendered":"NorthMarq, Cushman Merge Minnesota Operations"},"content":{"rendered":"

September 22, 2011<\/strong>
\nBy Nicholas Ziegler, News Editor<\/em><\/p>\n

In a deal announced yesterday, the Minnesota offices of NorthMarq Real Estate Services and Cushman & Wakefield will merge their operations in the state, with the new venture to be called, appropriately, Cushman & Wakefield\/NorthMarq Real Estate Services. The organization will create a regional office of more than 500 employees and NorthMarq will retain a controlling interest in the company. <\/p>\n

\u201cThe key thing is that NorthMarq gains access to Cushman & Wakefield\u2019s global platform,\u201d Clint Miller told Commercial Property Executive<\/em>. Miller, who currently works as executive managing director for Cushman, will be joining the new, combined team as senior vice president. \u201cWe summarize it simply. We put solutions in front of real estate investors and real estate occupiers and, if you look at the combined part of this enterprise, there\u2019s no business we\u2019re not in.\u201d <\/p>\n

That global platform will allow NorthMarq to scale its Minnesota office outside of its regional scope, but the Midwest focus will still remain. One major focus, Miller said, will the Fortune 500 companies in the state. \u201cMinnesota typically has unemployment 2 percent below the national average,\u201d he said. \u201cWe tend not to have a booming economy. Since we\u2019re in the Midwest, we don\u2019t have the boom-and-bust cycles seen on the coasts, and we\u2019re planning to work with the many Fortune 500 companies here in Minnesota.\u201d <\/p>\n

Jeff Eaton, president of NorthMarq, concurs. \u201cWe\u2019ll continue to be focused on the region around the Twin Cities, which has been the strength of our base,\u201d he told CPE<\/em>. \u201cIn the arrangement, we\u2019ll focus on Minnesota-based companies, and if [those companies] need services outside the region, we\u2019ll partner with Cushman to move outside the area.\u201d <\/p>\n

\u201cThe creation of this joint venture supports the long-term strategic plan we launched in 2008,\u201d he said. \u201cWe\u2019ve looked at a number of ways to grow our business, and determined that partnering with a global platform of Cushman & Wakefield\u2019s stature was the ideal strategic fit.\u201d<\/p>\n

NorthMarq Real Estate Services is part of Marquette Real Estate Group, which is owned by the Pohlad family of companies. The deal will affect only NorthMarq Real Estate, and NorthMarq Capital will remain an independently operating company under the umbrella of the Marquette Real Estate Group. Cushman & Wakefield, which was founded in New York in 1917 and operates more than 230 offices worldwide, has had a presence in Minnesota since 2002 under Miller\u2019s leadership.<\/p>\n","protected":false},"excerpt":{"rendered":"

NorthMarq president Jeff Eaton calls it “a great partnership.” Cushman & Wakefield SVP Clint Miller says the same. Both spoke with CPE<\/em> about the two firms’ merger to create the Minnesota-based Cushman & Wakefield\/NorthMarq Real Estate Services.<\/p>\n","protected":false},"author":1201,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13,21742],"tags":[],"class_list":["post-1004032547","post","type-post","status-publish","format-standard","hentry","category-midwest","category-latest"],"acf":[],"yoast_head":"\nNorthMarq, Cushman Merge Minnesota Operations - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/northmarq-cushman-merge-minnesota-operations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NorthMarq, Cushman Merge Minnesota Operations\" \/>\n<meta property=\"og:description\" content=\"NorthMarq president Jeff Eaton calls it "a great partnership." Cushman & Wakefield SVP Clint Miller says the same. Both spoke with CPE about the two firms' merger to create the Minnesota-based Cushman & Wakefield\/NorthMarq Real Estate Services.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/northmarq-cushman-merge-minnesota-operations\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-09-22T13:43:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:59:22+00:00\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/northmarq-cushman-merge-minnesota-operations\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/northmarq-cushman-merge-minnesota-operations\\\/\"},\"author\":{\"name\":\"Nicholas Ziegler\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"headline\":\"NorthMarq, Cushman Merge Minnesota Operations\",\"datePublished\":\"2011-09-22T13:43:09+00:00\",\"dateModified\":\"2022-12-09T04:59:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/northmarq-cushman-merge-minnesota-operations\\\/\"},\"wordCount\":412,\"commentCount\":0,\"articleSection\":[\"Midwest\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/northmarq-cushman-merge-minnesota-operations\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/northmarq-cushman-merge-minnesota-operations\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/northmarq-cushman-merge-minnesota-operations\\\/\",\"name\":\"NorthMarq, Cushman Merge Minnesota Operations - 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