Greg May, West Region market leader for Newmark, has been let go from the company, Connect CRE has learned. Succeeding him will be Nick DiPaolo, market leader for Newmark’s Los Angeles region.
The news was confirmed to Connect CRE. The move occurred as part of a cutback announced Friday evening.
The four-decade veteran of commercial real estate had been with Newmark since 2005. As West Region head, May oversaw 12 offices for the company in Southern California, Las Vegas and Phoenix. He is credited with expanding the SoCal professional brokerage personnel by 250% over five years, and among his recruits to Newmark were Kevin Shannon and his capital markets team, Jay Nugent and Matt Berres. He has also mentored dozens of brokers while with Newmark.
His previous roles included VP at Transwestern, leasing director of the Western region for USAA Real Estate and VP of CBRE’s Newport Beach office. He’s immediate past president of NAIOP SoCal. May began his CRE career with CBRE three decades ago in the late 1980s.
Connect CRE will report additional information as it becomes available.
