Commercial and Multifamily People in the News May 1, 2025

(Luis Alvarado, courtesy of Newmark)

Newmark Makes Multiple Promotions

Newmark Group, Washington, D.C., announced it has promoted Luis Alvarado to the position of Chief Operating Officer, a newly created role.

Alvarado has been with Newmark since 2015, when he joined as Executive Vice President and Boston Market Leader. He became Chief Revenue Officer and East Region Market Leader in 2018.

He has also worked for companies including Cushman & Wakefield and The Travelers Insurance Co. and was a Founding Partner of Insight Partners Inc.

Newmark also announced it has promoted Lisa DeNight to Managing Director, Head of North American Industrial Research. She will lead all industrial research across the U.S., Canada and Latin America.

She was previously Managing Director, National Industrial Research. She has 15 years of experience in the industry and also previously worked at CBRE.

JLL Makes Personnel Announcements

JLL, Chicago announced that Raul Esparza has rejoined the company as Solutions Development Principal for the Financial Services Division. He has more than two decades of experience in financial services and commercial real estate.

Esparza began his career at JLL where he spent 13 years in various leadership roles.

JLL also has hired Scott Little as a Senior Director for its global consulting business, focusing on the future of work in industrial settings.

Little has more than 20 years of manufacturing and commercial real estate experience.

Lument Hires Jason Stevens

Lument, New York, announced Jason Stevens has joined the firm as a Managing Director in the real estate investment sales team.

Stevens will focus on providing clients with investment services throughout the Midwest.

Before joining Lument he represented RPM Living in a client services capacity. He has also worked for Walker & Dunlop and Cushman & Wakefield.