January 17, 2025 9:00 AM
Newmark announces the firm has hired Andrew Asbill as Managing Director in its Washington, D.C. office. In his new role, Asbill will partner with the Debt & Structured Finance team led by Vice Chairman Joe Donato.
A respected veteran of the industry, Asbill has been involved in more than $10 billion in transactions including a number of high-profile projects in the Washington market. Notably, he arranged the $220 million joint-venture equity placement and construction financing for the trophy office building Tysons Central; the $98 million refinancing of the grocery-anchored, mixed-use project The Collection; the $218 million in preferred equity and construction financing for 1301 Pennsylvania Avenue; and the $506 million sale of America’s Square, among other closings.
“Andrew is a well-respected member of the Greater Washington real estate community, and he’ll make an excellent addition to our team,” said Allison DiGiovanni, Executive Vice President and Market Leader of the Mid-Atlantic Region. “Newmark’s market-leading platform will empower him to continue expanding his influence.”
Asbill brings 25 years of experience structuring capital stacks across property types. His specialties include senior loans, construction loans, preferred equity, mezzanine debt and investment sales. He joins from Transwestern, and previously worked for JLL.
“Bringing on Andrew reinforces Newmark’s commitment to recruiting top talent and our broader capital markets services,” said Donato. “Andrew’s experience and dynamic background perfectly complement our team and we look forward to working together, growing our business and achieving new milestones.”
“I’m excited to join a platform such as Newmark, that is defined by its unrivaled expertise, innovation and commitment to excellence,” said Asbill. “Newmark’s deep investment in tier-one talent, resources and client partnerships sets the firm apart and I feel honored to be part of it.”
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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