March 31, 2025 11:00 AM
Newmark announces the addition of two new Valuation & Advisory (V&A) Market Co-Leaders, Andrew G. Power, MAI, MRICS and Sean M. Crosby, MAI, who joined Newmark in Southern California in the fourth quarter of 2024. As seasoned professionals with extensive backgrounds in commercial real estate valuation and advisory, the hires are poised to enhance Newmark’s valuation presence and service offerings in the region. Based in Los Angeles, Power and Crosby lead professional teams of experienced appraisers who provide valuation services for some of the most complex assignments in Southern California.
“With the additions of Andrew and Sean, alongside several recent strategic leadership appointments, Newmark’s V&A practice continues to attract top talent globally, which further bolsters our strategic growth initiatives and strengthens client relationships,” said Helene Jacobson, MAI, MRICS, Newmark V&A U.S. Practice Lead. “I am excited to welcome these leaders to Newmark and anticipate the positive impact they will have on our region and practice.”
The responsibilities, oversight and areas of expertise of each leader are:
- Andrew G. Power, MAI, MRICS, Managing Director - Executive Vice President, Market Co-Leader – Southern CA, with over 30 years of experience, specializes in the appraisal of office properties and is regarded as a Los Angeles office expert in both general and high-end medical office facilities. Additionally, Power has extensive valuation experience with industrial, retail, apartments, development land and special-purpose assets.
- Sean M. Crosby, MAI, Managing Director - Executive Vice President, Market Co-Leader – Southern CA, has over 30 years of real estate appraisal and consulting experience in the Southern California real estate market, specializing in the appraisal of retail properties and is regarded as a retail expert for triple net leased retail properties, strip centers, neighborhood / community centers, lifestyle centers and regional malls. Additionally, Crosby has extensive experience valuing industrial, office, apartments, development land and special-purpose properties throughout the Southern California Region.
Newmark’s V&A practice has continued momentum, having announced recent oversight expansions, a new leadership structure, a new Head of UK Valuation, as well as its 2025 North America Market Survey. Further, the Company has also seen significant growth in the Western US, with the recent hiring of Justin Shepherd, market-leading multifamily advisors, the rejoining of Ryan Plummer, additions of David Noblitt and Josh Hayes, Chuck Christenson, Robert Younkin and Garrett Meyers and a leading Pheonix office leasing team in the first quarter alone.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended December 31, 2024, Newmark generated revenues of over $2.7 billion. As of December 31, 2024, Newmark and our business partners together operated from approximately 170 offices with more than 8,000 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.
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