For Newmark, the shopping spree isn’t over yet.
The global brokerage has hired away two top-producing managers from Savills Studley’s Downtown and West Los Angeles offices, The Real Deal has learned. The move comes as the Newmark continues to expand, as it nears a deal to acquire commercial brokerage RKF.
Bill Bauman was co-head of Studley’s National Retail Services Group. He joined in the mid-2000s, and was promoted to vice chairman of the local offices in December.
Kyle Miller joined Studley in 2009. He was named senior managing director in 2015.
The two have worked on numerous deals together, including the $144.5 million sale of the 460,000-square-foot Chino Spectrum Towne Center and the $122.8 million sale of the North Ranch Shopping Center in Westlake Village. They also brokered the $229 million sale of the Mira Mesa Marketplace in San Diego, to San Francisco-based Stockbridge Capital Group.
Bauman and Miller did not immediately respond to requests for comment. Representatives from Studley and Newmark also did not return calls.
Newmark has been making waves in recent months.
In December, its big IPO was a big disappointment.
Just a few weeks later, the firm was nearing a deal to acquire RKF, although Newmark has not confirmed that. RKF is a retail leasing and investment sales brokerage led by Robert Futterman.