CRE Vet William Hill to Launch Newmark’s Federal Leasing Advisory Practice
By Keith Loria March 8, 2021 1:32 pm
reprints
Newmark (NMRK) has hired William Hill to serve as vice chairman and launch the real estate company’s federal investor services group based in Washington, D.C.
Hill comes to Newmark from CBRE, where he was senior vice president and co-led its Federal Lessor Advisory Group. The real estate vet also had a stint as a broker with Spaulding & Slye in D.C.
In his new role, Hill will partner with Newmark colleagues across the United States, and negotiate for owners and investors to attract and retain the General Services Administration and other federal agencies, according to a Newmark statement.
“The Newmark platform and talented professionals coupled with the near-term window for growth in the General Services Administration space piqued my interest in this position, as well as the opportunity to build a new practice and to partner with the different Newmark practice groups that intersect in this GSA space,” Hill told Commercial Observer.
The federal leasing environment seems primed for significant activity in the coming years, particularly as government agencies re-examine densification strategies to reconfigure their office footprints.
Reflecting on his goals for 2021, Hill said he will start by expanding and building out a best-in-class team.
“We’ve been encouraged by the response to this new specialty practice group by many of our colleagues in this niche,” he said. “Second, to continue working with a wide range of investors and owners looking to maintain or expand their inventory of GSA and federally leased space.”
Additionally, Hill will work with Newmark’s capital markets professionals to advise on property acquisitions and sales with the federal government as the primary or sole occupant, per the company remarks.
“As we navigate through the changes in the national real estate landscape brought about by the pandemic, there is increasing interest in the stability and credit of the federal government tenant,” Ryan Miller, Newmark’s executive vice president and market leader for the Mid-Atlantic region, said. “Bill has long been recognized as a leader in this space, employing his unique understanding of the nuanced federal leasing and procurement processes to create value.”
Update: This story originally misattributed source material. This has been corrected. We apologize for the error.
