March 5, 2025 3:30 PM
Newmark is introducing a new regional leadership role within its Valuation & Advisory (V&A) service line, designed to drive operational excellence. As part of this enhanced national structure, Jay F. Booth, MAI, CRE, Norm W. LeZotte, MAI and Rob Vodinelic, MAI, MRICS, have been promoted to Regional Managing Directors of West, South and Midwest/Northeast, respectively, where they will oversee local V&A Market Leaders, implement business growth strategies and optimize operations with an emphasis on client service. The trio will report directly to Helene Jacobson, MAI, MRICS, Newmark Valuation & Advisory’s U.S. Practice Lead.
“Our commitment to innovation and excellence in our Valuation & Advisory services is further cemented by the leadership appointments of Jay, Norm and Rob,” said Jacobson. “This new strategic format reflects our dedication to expanding our capabilities and maintaining our position at the forefront of the industry, steering growth, fostering innovation and further strengthening client relationships tailored to meet and exceed the unique needs of each region. The newly appointed Regional Managing Directors will enable us to swiftly respond to market demands, ensuring high-quality, consistent results across our U.S. offices.”
The V&A U.S. regional oversight and responsibilities are as follows and outlined in the linked map:
- Jay F. Booth, MAI, CRE, Regional Managing Director – West, also serves as the Specialty Practice Co-Leader for the national Retail & Regional Malls Specialty Practice. Booth is based in Portland, Oregon.
- Norm W. LeZotte, MAI, based in Tampa, Florida, brings over 30 years of experience and assumes responsibility as the Regional Managing Director – South.
- Rob Vodinelic, MAI, MRICS, based in Columbus, Ohio, has been appointed Regional Managing Director – Midwest/Northeast. He will continue his role as the Specialty Practice Leader for the national Industrial & Logistics Practice.
Newmark Valuation & Advisory is a globally recognized industry leader with over 100+ locations and continues to pioneer new standards of service and solutions to meet diverse client needs. With these key U.S. regional leadership appointments, the firm’s V&A business is poised to drive substantial growth in its operations.
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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