Seth Weinstein, managing principal for the Dallas office of Newmark, announced today that Mark Gorman, MCR, has joined the company as Senior Managing Director. Mr. Gorman is a recognized leader in the corporate real estate profession, having worked nearly 24 years for Nortel Networks, last serving as the director of global real estate and facilities for the international telecommunications equipment provider.
“Mark is one of this country’s true leaders in positioning corporate real estate as a strategic value added partner to the corporation,” said Weinstein. “His talent and background have been recognized by his peers, who elected him to a three term on the CoreNet Global Board of Directors. We are fortunate to have somebody of Mark’s caliber join Newmark, and look forward to his help in furthering the growth of our Global Corporate Services Group.”
“I truly enjoyed my tenure with Nortel Networks, and look forward to applying this experience on behalf of other large corporations seeking to maximize the value of their real estate and workplace assets,” said Gorman. “Newmark, despite the challenging economic environment, continues to build its global presence and I look forward to joining in this growth.”
Michael Ippolito, executive vice president and principal for Newmark, added, “Mark will help our corporate clients align their real estate and facilities strategies with their overall business objectives. His knowledge will be invaluable for our clients during this challenging business environment.”
After five years with Texas Federal Savings & Loan, Gorman joined Nortel Networks in 1985 as a business analyst. He began a rapid progression through the organization’s facilities and real estate operations, the first ten years of which were spent in the company’s U.S. headquarters in Dallas. In 1996, Gorman moved to Raleigh, North Carolina to assume responsibility for Nortel’s regional real estate and facilities management operations, where he chaired the inaugural year of Research Triangle Park’s travel demand management program in partnership with the North Carolina Department of Transportation. He also participated in the governor’s Committee on Smart Growth in 2000.
In 2000, Gorman moved to London to become director of real estate and facilities for Nortel’s Europe, Middle East and African (EMEA) operations. Gorman was responsible for the management of a portfolio that exceeded 7 million square feet across 32 countries, with a budget of approximately $220 million. He also helped create a comprehensive EMEA business strategy that integrated the real estate requirements derived from the strategy.
Gorman was next appointed director of Nortel’s Global Work Environments and Portfolio Strategy. In this role he was directly responsible for strategy development and delivery of global workplace solutions including transactions, mergers, acquisitions and disposals, planning and design, construction and workplace provisioning.
In 2005, Gorman returned to Dallas when he assumed overall responsibility for Nortel’s global real estate activities. Faced with a challenging environment, Gorman led a team that in its first 12 months eliminated more than $100 million in operating costs through portfolio optimization and re-tendering supplier agreements. Ultimately, Gorman directed a global portfolio rationalization that generated $800 million in cash and annual operating savings of more than $750 million.
Among his many professional accomplishments, Gorman holds the Master of Corporate Real Estate designation from CoreNet Global, the world’s leading professional association for corporate real estate and workplace executives. He was also a contributing author for the article, “The Strategic Role of Place,” published in CoreNet Global’s CoRE 2010 research report.
Gorman holds a Bachelor of Science in Business Administration from the University of North Texas.
About Newmark
Newmark is one of the largest independent real estate service firms in the world. Headquartered in New York, Newmark and London-based partner Knight Frank Newmark operate from over 195 offices in established and emerging property markets on six continents. Last year, transactions were valued at more than $47.6 billion with annual revenues of over $962 million. With a combined staff of more than 6,900, this major force in real estate is meeting the local and global needs of owners, tenants, investors and developers worldwide. For further information, visit www.newmarkkf.com.