NorthMarq expands in Los Angeles
Debt & Equity, Investment Sales Office Opens
MINNEAPOLIS (JAN. 15, 2020) – NorthMarq continues its expansion in the Los Angeles area with the addition of two investment sales brokers and one mortgage banking professional this week, following the December 2019 opening of the Los Angeles office. This is the second LA-area office for NorthMarq, which has operated a Newport Beach office for nearly 20 years.
“The success we’ve seen with the addition of Investment Sales in Newport Beach has been a roadmap for our other Southern California markets. This new office will broaden our support of CRE clients across San Diego, Newport Beach and Los Angeles,” said Jeffrey Weidell, NorthMarq’s CEO.
Bryan Schellinger joins the company as managing director-Investment Sales, bringing nearly 10 years of investment sales with $1 billion in transaction history, most recently with Marcus & Millichap. Steven Goldstein, associate vice president-Investment Sales, also joins NorthMarq from Marcus & Millichap. Over the past 24 months, the duo has collaborated on over $200 million in sales volume throughout Los Angeles.
Ory Schwartz, with NorthMarq since 2001 and Newport Beach managing director since 2013, has spearheaded the Los Angeles office expansion as the new office’s managing director – debt and equity. He has added experience to the debt and equity business with the addition of Zalmi Klyne, who brings more than six years of experience from Continental Partners. Klyne has arranged more than $500 million in debt financing with various sources in the last three years.
“Strategically, the NorthMarq platform is a great fit for our team, and we’re excited to join a growing platform of likeminded professionals who shared our collaborative vision,” said Schellinger. “We know that our clients will benefit from the collaborative approach with the other investment sales offices and we’re equally excited to leverage NorthMarq’s debt and equity platform.”
Shane Shafer, managing director-Investment Sales, Newport Beach, leads the Investment Sales business in Southern California. “We are very excited to have Bryan and Steven join our investment sales team. Their relationships and expertise in the LA market will add to our growing platform in Southern California and will continue to provide our clients with even better access to opportunities in the Southern California multifamily market.
The Los Angeles office is located at 8750 Wilshire Boulevard, Suite 225, Beverly Hills, California.