In its continuing growth in capital markets, Newmark Knight Frank (NKF) has named former Eastdil Secured professionals Evan Layne, Brett Siegel and Jean Celestin vice chairman and co-heads of the New York Capital Markets Investment Sales division.
“New York City is crucial to our capital markets platform, with over a third of the large institutional owners of U.S. real estate based in New York. With the city’s top debt and structured finance practice under the same roof, the opportunities for collaboration are exponential,” said James Kuhn, president and head of investor services at NKF.
Siegel, Layne and Celestin have more than 50 years in combined career experience and have transacted more than $125 billion in combined investment sales throughout their careers. Recent notable New York transactions include the more than $2 billion recapitalization of the 245 Park Avenue skyscraper, the $1.2 billion sale of Disney’s New York City headquarters and the $300 million sale of the Upper West Side Stonehenge Village Apartments. They will work in partnership with Jordan Roeschlaub and Dustin Stolly, vice chairmen and co-heads of capital markets debt and structured finance.
From 2017 through the first half of 2019, NKF has climbed seven spots to ranking fourth in overall investment sales transaction volume in the New York City metro area, based on Real Capital Analytics (“RCA”) data. Over that same time, its regional RCA market share in investment sales has quadrupled to 8%.