CBRE’s Bill Hill Joins Newmark to Launch Federal Investor Group
Hill says the federal leasing environment is primed for significant activity as government agencies reconfigure their office footprints.
William L. Hill has left his executive position at CBRE to join Newmark where he will be tasked to launch the company’s Federal Investor Services group. The group will represent property owners and investors that seek to lease to the federal government. His title is vice chairman.
Newmark is hiring several professionals for this new group as well as recruiting from within the company. It will be a dedicated practice group.
Hill will also collaborate with Newmark’s Capital Markets professionals to advise on the sale or purchase of properties with the federal government as the primary or sole occupant.
The timing is right for the group’s launch, Hill says. “The federal leasing environment is primed for significant activity in the coming years, particularly as government agencies re-examine densification strategies to reconfigure their office footprints,” he said in prepared remarks.
Investors, too , are showing greater interest in these investments given the stability and credit of having a federal government tenant, said Ryan Miller, Newmark Executive Vice President and Market Leader for the Mid-Atlantic region. “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.”
At CBRE, Hill was senior vice president and co-led its Federal Lessor Advisory Group. Prior to that, Hill began his career as a broker in Washington, D.C. with Spaulding and Slye, which JLL later acquired.