Newmark Strengthens U.S. Capital Markets Presence in the Rocky Mountain Region with Strategic Hire Tim Richey
Newmark has hired Tim Richey as executive vice chairman, Capital Markets, to focus on office and multifamily sales throughout Colorado and the surrounding region. Richey, one of the most respected and prolific institutional office capital markets brokers in the Rocky Mountain Region, has closed over $20 billion in transaction value during his career, which includes advising on 70% of high-rise office sales across the Denver skyline. Jack Richey, an industry protégé of, and soon-to-be collaborator with, Tim, is joining Newmark as an associate director to focus on multifamily, to expand and elevate the region’s practice.
“Bringing Tim and Jack into our team enhances our ability to deliver exceptional results to our clients,” said Chad Lavender, president of Capital Markets for North America. “This strategic addition demonstrates our incredible momentum in capital markets and our dedication to cultivating the business’s premier talent, further enhancing our unrivaled expertise in the market.”
“I’m proud to welcome Tim and Jack Richey to our Colorado team,” said Kevin McCabe, Newmark Western Region president. “Leveraging Newmark’s robust platform, designed for fostering dynamic growth and ensuring sustained success, we are strategically positioned to empower Tim and Jack to excel in office and multifamily asset classes. Their integration amplifies our commitment to delivering exceptional value and innovative solutions to our clients.”
With more than 30 years of experience, Tim previously served as a vice chairman with Capital Markets, and Institutional Properties at CBRE. Before that, he served long stints at Cushman & Wakefield and Grubb & Ellis. He’s been repeatedly recognized as a top producer and has served many of the most recognized and successful investment firms in the world, commanding the dominant market share of all investment sales in the Denver and Boulder markets from 2021 through 2023. Tim’s arrival will further strengthen Newmark’s Rocky Mountain capital markets presence, already consisting of Vice Chairman Western Region Capital Markets, John Jugl and team.
Jack is a rising talent in the multifamily real estate sector, having worked previously for CBRE Colorado across multifamily and debt and structured finance sales teams. He joins Newmark Denver Multifamily professionals Courtney Crowder and Jack Kachadurian and Multifamily Debt & Structured Finance experts Charlie Williams, Tim Weldon and team.
“I’m excited to initiate a new phase of my institutional asset sales career with the hottest services platform in the country,” Tim Richey said. “Newmark’s recent momentum in securing top Capital Markets brokers while facilitating high-profile dispositions has been abundant. Add in the upside potential in multifamily, Newmark offers a growing and renewing platform to build and foster careers. Jack and I are thrilled to join the Denver office and collaborate alongside a proven team of industry professionals.”
Commerce Construction Co. Adds 20-year Industry Veteran Chad Headlee as Vice President in Aurora Office
Commerce Construction Co. announced the addition of 20-year industry veteran Chad Headlee as vice president and district manager in the company’s Aurora office. In his role, Headlee will provide leadership and direction for the engineering, design and construction for all infrastructure and vertical developments at the 1,600-acre Majestic Commerce Center located at the intersection of I-70 and Tower Road.
Prior to joining Commerce Construction, Headlee served as vice president for Arch-Con Corp, where he played a key role in opening and developing its Denver office. His expertise spans multi-phased, build-to-suit, and speculative warehouse projects, as well as design-build projects. Additionally, Headlee has experience in diverse asset classes, including high-rise office, aerospace, tenant improvements, and manufacturing.
Founded in 1968 by Majestic Realty Co., Commerce Construction Co., L.P. has designed and constructed more than 118 million square feet of commercial, industrial, warehouse and distribution, retail, institutional, hospitality, casino and recreational facilities.
CBRE Expands Healthcare Advisory Practice in Denver with Senior Vice President Ken Brown
CBRE announced that Ken Brown has joined its Denver office as a senior vice president with CBRE’s Advisory Services Healthcare practice.
Mr. Brown will partner with Stuart Thomas and Chessa Pike. The team focuses exclusively on the healthcare sector with an emphasis on assisting mental and behavioral health companies with their real estate strategies, including leasing, tenant representation and acquisitions and dispositions.
Mr. Brown joins from Cushman & Wakefield’s Healthcare Advisory Practice and has nine years of experience in property leasing and sales, tenant representation, portfolio optimization, national corporate healthcare advisory services and site selection strategy.
“Ken’s impressive track record and specialization within the behavioral health sector will greatly benefit our clients and advisory abilities,” said Jessica Ostermick, CBRE’s senior managing director and Colorado market leader. “His dedication to clients’ needs, healthcare research and business strategies make him a great addition to the team.”
Mr. Brown received a Bachelor of Science from Clemson University in 2010 and a Master of Leadership from Denver Seminary in 2014.
