Newmark Group Inc. (NASDAQ: NMRK) announced an alliance agreement with Mountain West Commercial Real Estate, a brokerage focused on the Idaho, Montana, Nevada, Utah and Wyoming markets.
Under the terms of this alliance, Mountain West will operate as Newmark Mountain West, an independently owned and operated member of the Newmark Licensee Group, and leverage Newmark’s brand and network. Newmark Mountain West has nearly 200 employees and offices in multiple locations across its five-state territory.
“Together, we’re building a next-generation commercial real estate business—one that’s agile, data-driven and designed to meet the evolving needs of our clients across the Intermountain West and beyond,” said Chad Moore, chairman of Newmark Mountain West. “We’re eager to see where this relationship takes our companies.”
“By combining Mountain West’s regional expertise with Newmark’s expansive resources and global platform, we’re creating even greater value for our clients—today and into the future,” said Lou Alvarado, chief operating officer of Newmark. “Newmark Mountain West’s services complement Newmark’s suite of Investor and Occupier Solutions.”
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