NEW YORK CITY-Taking the business to a national level, Helios Capital Advisors, a New Jersey-based boutique capital market advisory firm headed by industry veteran Steven Schultz, has merged with Newmark Grubb Knight Frank’s rapidly expanding capital markets advisory platform in New York City and Rutherford, NJ, GlobeSt.com has learned. Schultz, Helios’ founding member and CEO, will lead the expansion of NGKF Capital Group in New Jersey, working with David Simson, vice chairman/COO of the New Jersey operations. He brings with him a team of professionals specializing in the disposition of commercial mortgage loans, banks’ real estate owned and privately-owned investment properties throughout the Northeast.

During a career that spans more than two decades, Schultz has completed negotiations and transactions involving more than eight million square feet of real estate, with an aggregate trade value of $8 billion. He joins NGKF as executive managing director, and will continue to lead the six-person team he assembled at Helios.

“The company [Helios] was founded in 2009 during the distressed times in real estate and we created this platform to help banks, institutions and investors dispose and work out some of their distressed assets,” Schultz tells GlobeSt.com. “We built a capital markets group, which turned into over a three-year period, doing $1 billion of transactions of all sizes and shapes, and we created a nice boutique firm in the Tri-State northeast market.”