January 29, 2025 10:00 AM
Newmark announces the firm has hired Senior Managing Directors Chase Deuschle and Christina Cotter, market-leading advisors within the Automotive sector, to launch the company’s automotive advisory group. The two bring more than 20 years of experience working with the nation’s largest publicly-traded and privately-held retail automotive companies on acquisitions, dispositions, valuation services, lease negotiation and sale-leasebacks, touching all property types including retail, industrial, land and office throughout North America. Aaron Lazar also joins as an Associate.
“The auto industry is undergoing transformative change driven by vehicle electrification, advanced manufacturing technology and evolving consumer preferences,” said Liz Hart, President of Leasing for North America. “This rapid evolution impacts nearly every asset class, from manufacturing and logistics facilities to office spaces and dealerships.”
Automotive companies are one of the leading drivers of new manufacturing facility investment throughout North America, according to Newmark Research. The automotive and transportation sector has driven upwards of $142 billion in announced manufacturing facilities across the U.S. since 2020, as companies expand their electric vehicle (EV) and mobility industry supply chains.
The automotive market showed renewed momentum by the end of last year. U.S. vehicle sales are forecasted at 15.9 million for 2024, the highest volume since 2019, according to Cox Automotive. Sales were driven in part by rising demand for EVs, which grew 50% year over year.
“Chase, Christina and Aaron’s deep understanding of the automotive sector enables Newmark to provide clients with the insights and strategies needed to navigate complex real estate decisions and serve the unique needs of this sector at scale,” said Sean Moynihan, Tri-State Market Leader.
“Newmark believes strongly in offering its clients the most skilled and expert professionals in the industry,” added Ran Holman, Southeast Market Leader. “Chase, Christina and Aaron bring exceptional expertise and perspective to the South Florida team, reaffirming our dedication to growing this region and serving the local business community.”
Prior to joining Newmark, Deuschle, Cotter and Lazar worked for CBRE, where they specialized in automotive commercial real estate.
“Top-tier client service is central to our team’s business, and Newmark’s focus on providing customized solutions to the automotive industry made this move a great fit for us,” said Deuschle.
“We provide comprehensive real estate advice that helps our clients anticipate future trends and obstacles, making access to Newmark’s network of collaborative and skilled experts an incredible advantage,” added Cotter.
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 September 30, 2024, Newmark generated revenues of approximately $2.6 billion. As of that same date, Newmark’s company-owned offices, together with its business partners, operated from nearly 170 offices with more than 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
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