News: Brokerage

NorthMarq Capital hires Murray as senior vice president/senior director

New York, NY According to NorthMarq Capital, Andy Murray, a structured finance expert with more than 30 years of experience placing institutional and private equity in commercial real estate projects, has joined NorthMarq as senior vice president/senior director.

“Andy’s extensive equity background adds yet another dimension to the already diverse mix in our office. Our team has closed billions in debt deals up and down the capital stack. He’ll make us better...and hopefully we’ll do the same for him,” said Craig Bjornsund, senior vice president/managing director. Bjornsund co-manages the local office with Ernest DesRochers, senior vice president/managing director.  

Murray’s diverse equity experience ranges from Summer Street Advisors where he was managing director with responsibility for CRE principal investment in debt and equity, CRE capital markets, structured finance, and equity capital raising with institutional and private investors to TH Henderson (Nuveen) where he supported the $15 billion of CRE managed accounts business, overseeing client investments in private CRE debt and equity. He also spent 12 years with Lehman Brothers, where he focused on CRE structured finance deal originations of more than $4 billion with some of the firm’s most important clients.

Murray has been an active member of PREA, CREFC, ICSC and ULI, as well as a guest lecturer for students at NYU, Georgetown, Cornell and Notre Dame.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account