NewMark Merrill Expands Focus on Development

WOODLAND HILLS, CA-Graham Allchorn, has joined NewMark Merrill Cos. as managing director and principal of NewMark Merrill Development Partners as the Woodland Hills-based company launches a program to expand its development activities. The addition of Allchorn, who most recently was president and co-founder of GRAE Ventures, will enable NewMark to expand its activities in pursuing ground-up development deals, according to Sandy Sigal, CEO and founder of NewMark Merrill Cos. Sigal says that NMC development partners will be looking for opportunities for such development from small single tenants to large anchored centers of 500,000 square feet or more.

Sigal says that NMC Development partners will focus on repairing failing development deals for lenders or investors, opportunities in cities needing an experienced developer with access to capital, tenant-generated opportunities for tenants looking to expand their store base, underutilized shopping centers with redevelopment opportunities, advisory work for institutions, tenants, and cities looking for strategic vision, liquidity, and/or development experience.