RUTHERFORD, NJ—A team of capital markets specialists from CBRE has moved its practice to Newmark Knight Frank Capital Markets' Rutherford-based Northern New Jersey office.

Executive managing director Kevin Welsh, managing director Brian Schulz, associate Chuck Kohaut, financial analyst Jason Emrani, and transaction manager Maria Betancourt from CBRE, had established a reputation as comprehensive advisors, delivering excellence in investment sales throughout the state and region. The group will be headquartered in New Jersey and will service the entire suburban Tri-State area.

“NKF presented the rare opportunity for Brian and me to build a Tri-State Capital Markets business in the suburban markets by leveraging a rapidly emerging premier National Capital Markets platform led by Rob Griffin and Kevin Shannon,” Welsh tells GlobeSt.com exclusively. “Further, David Simson's leadership of the New Jersey operation was also integral, as he has developed a collaborative and entrepreneurial environment that focuses on integrating all services lines through the lifecycle of the asset which is ideal for the growth of the capital markets platform.”