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NorthMarq Acquires New England Realty Resources

BOSTON-NERR, a 30-year-old mortgage firm specializing in the origination and servicing of commercial mortgage investments, will be integrated into NorthMarq’s existing Boston office, GlobeSt.com has learned.

By Jacqueline Hlavenka | Updated on January 09, 2012

BOSTON-Minneapolis-based NorthMarq Capital LLC, a national commercial real estate mortgage banking firm, has acquired New England Realty Resources in Boston, GlobeSt.com has learned exclusively. NERR, a 30-year-old mortgage firm specializing in the origination and servicing of commercial mortgage investments, will be integrated into NorthMarq’s existing Boston office.

Joining NorthMarq from NERR are four industry veterans, including the firm’s founder Jim Murphy, who will be the Boston office’s managing director. The acquisition is expected to significantly increase production in the Massachusetts and Northern New England-area, the company tells GlobeSt.com.

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