Newmark acquires Boston firm McCall & Almy

Bill McCall

BOSTON & NEW YORK CITY – Newmark Group, Inc. announced the acquisition of McCall & Almy, Inc., a leading tenant representation and real estate advisory firm in Boston, renowned for its expertise in advising businesses and occupiers multi-markets, strategic consulting, administrative leasing and project management.

“As Newmark continues to grow, it is critical to strengthen services in key hub cities across the United States. Acquiring companies with the best talent and unparalleled expertise strengthens our client offerings in these markets,” said Barry Gosin, President and CEO of Newmark. “The professionals at McCall & Almy embody these values, with incredible stature and an impeccable reputation for entrepreneurial client service in the Boston commercial real estate market.”

McCall & Almy has built its legacy with a focused consultative approach and remarkable expertise in the office, medical, academic, life sciences, industrial and retail sectors. The organization is led by President and Founder Bill McCall, who is considered by most to be the dean of Boston’s commercial real estate industry and is the namesake of the Commercial Broker Association’s “McCall Leadership Award” ( “CBA”) – the highest honor for local brokers. Over the past 32 years, the firm’s professionals have completed more than 5,000 transactions valued at over $50 billion. McCall & Almy has been named one of the Business Journal’s “Best Places to Work” for seven of the past eight years.

Newmark’s acquisition of McCall & Almy, whose 20 expert professionals serve a roster of many notable long-time clients, expands tenant representation and strategic real estate consulting in the Boston area.

“After decades as an independent company, joining the Newmark platform gives us the ability to continue to provide best-in-class service while having access to top-notch, far-reaching resources on behalf of our clients. , in Boston and beyond,” McCall said. “Newmark is the right fit – our decision was to be in the right place with the right people – in tune with our culture.”

“A Boston commercial real estate influencer, Bill McCall has built and leads an organization with deep expertise in tenant representation and an esteemed reputation, operating first and foremost with a client-focused approach,” said Newmark’s East Region Market and Revenue Director. Chief Luis Alvarado. “We are thrilled to invite McCall & Almy to our offices and further expand our already strong service lineup in Boston.”

McCall joins partners David Richardson, Garrett Larivee, Lenny Owens and Neil Schneider, who lead the firm’s tenant representation practice, and Jim Canfield, Julie Gray and Sandy Tierney, who lead the firm’s real estate advisory practice. Richardson, with over 40 years of industry experience, is focused on high-rise downtown office rentals. Larivee joined the company in 2007 with expertise in the Boston urban market. Owens and Schneider, 35-year veterans – with over 950 and 300 successful transactions, respectively – bring deep industry knowledge and experience to Newmark’s tenant representation practice. Medical, educational and institutional experts Canfield, Gray and Tierney bring a century of combined expertise to the company.

Newmark’s Boston office is anchored by expert, world-class professionals specializing in capital markets, debt and structured finance, landlord and tenant representation, and property management in the office, life sciences, and property management sectors. life, industry and retail. According to Real Estate Alert, Newmark ranked #1 in office sales in the Boston area – which saw the highest dollar volume of office capital activity of any market in the United States – in 2021.

The acquisition of McCall & Almy, completed on April 1, 2022, marks the next US step in Newmark’s strategic expansion into key markets. Additionally, recent global announcements from Newmark include acquisitions, hires and deals in France, Germany, Poland, Hungary, Hong Kong, Dubai and London, where Newmark has just acquired BH2, a leading real estate advisory firm in capital markets and leasing.

McCall & Almy was advised on the transaction by investment banking firm BellMark Partners, LLC; and Morgan, Lewis & Bockius LLP acted as legal counsel to McCall & Almy.

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