Personnel News from Marcus & Millichap, NorthMarq, Eastern Union
Marcus & Millichap Names Ruble Executive Managing Director
Marcus & Millichap named Mark Ruble Executive Managing Director, the highest designation a Marcus & Millichap investment professional can attain.
Previously a Senior Managing Director, Ruble specializes in retail and net lease property investment sales.
Ruble began his career with Marcus & Millichap in 2004. He and his team have closed over 1,100 investment property transactions across 46 states valued at more than $3.5 billion.
NorthMarq Expands Investment Sales platform into Mid-Atlantic region
NorthMarq, Minneapolis, hired Wink Ewing and Michael Marshall as Managing Directors with Ryan Rilee as Associate Vice President to form a new multifamily investment sales team in the Mid-Atlantic. They will partner with NorthMarq’s existing debt and equity team led by Managing Director Keith Wells.
Marshall has more than 30 years of experience in the real estate industry with 20 years in the multifamily investment sales business. He has completed the sale of over 50,000 apartment units, valued in excess of $7.0 billion. Ewing has more than 16 years of experience and more than $3 billion in transactions. They both joined NorthMarq after working for Newmark Knight Frank in the DC Metro and Richmond area.
Rilee brings more than 10 years of CRE experience to NorthMarq, including advising clients on everything from local sub-markets to national capital markets. He previously worked for One South Commercial in investments sales and with CBRE in asset services.
Eastern Union Promotes Steinhardt to Lead New Small Loans Division
Eastern Union, New York, launched a Small Loans Division and named Sarah Steinhardt its Director.
The firm’s new Small Loans Division, which will primarily focus on multifamily deals valued at less than $1.5 million, with a minimum loan size of $150,000. The division will also arrange financing for portfolios of single-family rental or smaller multifamily properties whose combined value can reach tens of millions of dollars.
In addition to the residential category, transactions handled under the Small Loans Division will encompass asset categories including office, retail, healthcare, hospitality, industrial and self-storage.
Steinhardt, who has served as a processor and underwriter with Eastern Union since September 2019, recently closed 75 deals valued at a total of more than $60 million over a six-month period. Most of her closings consisted of small-scale transactions.
Ben Schwartz will serve as lead broker for the new unit.
