Building on its commitment to flexible real estate, Newmark has hired former WeWork executive Matt Himmelsbach as managing director in its technology and innovation practice group. Himmelsbach, an expert in the negotiation of flexible workplace solutions for landlords and tenants, will work with practice group leaders, Vice Chairman Elizabeth Hart and Vice Chairman Ben Shapiro. The hire builds upon the recent growth of Newmark’s flex office platform, including the acquisitions of international agile workspace providers Knotel and Deskeo, and the launch of portfolio optimization solution Optality.
“Few professionals are as deeply immersed as Matt in the market for flexible office leases, which has experienced a wholesale rebirth since the start of the pandemic,” Hart said.
“As we work with global corporate real estate occupiers, we are focused on servicing shifting market demands, such as hybrid or flexible office solutions,” Shapiro said. “Over the past two years, it has become clear that flexibility for a portion of a corporate real estate portfolio is not a wish, but a requirement. Matt’s well-established market intelligence and strong relationships across the industry will help us cultivate a variety of best practices to strengthen our service to our clients.”
Newmark’s Technology & Innovation Practice Group serves technology, advertising, media and information (TAMI) and technology, media and telecom (TMT) clients, ranging from start-ups to Fortune 500 companies, with strategic planning and advisory in site selection, distributed office mapping, growth planning and workplace strategy, execution–acquisition, disposition, leasing, subleasing, financial analysis, project management and portfolio management.
