GSEC signs MOU’s with three local real estate firms to expand region’s reach

Greater Sacramento

Dec. 13, 2019

Sacramento, CA – The Greater Sacramento Economic Council (GSEC) has signed Memorandums of Understanding (MOU) with three Sacramento area commercial real estate offices, Colliers Intl., Newmark Knight Frank (NGFK) and CBRE; to enhance their collaboration in building economic growth for the Greater Sacramento region. A panel discussion was held at GSEC’s board meeting today with the Senior Managing director of CBRE, David Brennan; Managing Director at Colliers International, Randy Dixon; and Executive Director of Newmark Knight Frank, Todd Eschelman on the benefits of working with GSEC.

The Greater Sacramento Economic Council (GSEC) spearheads initiatives to retain, expand, and attract businesses throughout six Northern California counties. The board of GSEC includes nearly 70 business, university, city, county and community leaders that are committed to investing in their communities to create an environment where businesses can thrive.

“This is a written handshake that signifies each organization’s commitment to create an inclusive and diverse landscape for businesses ready to grow,” said Barry Broome, President & CEO of Greater Sacramento Economic Council.

Individually, these firms have led the region in real estate deals from companies in California and across the nation. They offer a broad range of services including investment management, appraisal, leasing, property sales, mortgage services and development services. Collaborating with these top tier commercial real estate firms is critical to attracting and retaining companies, jobs and investments in the region.

The MOU with all three real estate firms outlines that GSEC will support their efforts to locate their client in the region by providing auxiliary site selection services including research and data, public relations support and identifying local incentives. In turn, these firms will introduce GSEC to their affiliated offices in other markets to increase visibility of the region and increase opportunities for economic growth.

“I think this is going to be a great marriage. You got such value to us, for our individual clients, we have such value with our individual clients to you. So I think it’s going to be great,” said Randy Dixon, Managing Director at Colliers International.

The GSEC board was listening intently to what the leaders of these real estate firms had to say about working with GSEC, and the top criteria their clients look at when scouting out new locations.

“Quality of life and talent are the top factors I see my clients looking at, and we have that here in Greater Sacramento,” said Todd Eschelman, Executive Director at NGFK.

The memorandum with CBRE comes just months after a previous collaboration with GSEC in producing a comprehensive report highlighting existing and pipeline talent in the region, found online at www.TheTalentIsHere.com.

“The talent report is an incredible tool to help pitch this region to companies looking to move or grow their business,” said David Brennan, Senior Managing Director at CBRE.

GSEC will work with each firm to collaborate on cross promoting events and marketing campaigns to increase the brand and raise the economic profile of the Region.

“These complimentary services give an elevated level of execution for clients locating to the Greater Sacramento region,” said Barry Broome, President & CEO of Greater Sacramento Economic Council.

About the Greater Sacramento Economic Council
The Greater Sacramento Economic Council is the catalyst for innovative growth strategies in the Capital Region of California. The organization spearheads community-led direction to retain, attract, grow and scale new businesses, develop advanced industries and create jobs and investment throughout a six-county region. Greater Sacramento represents a collaboration between local and state governments, market leaders, influencers and stakeholders, with the sole mission of driving economic growth. The Greater Sacramento region was founded on discovery, built on leadership and fueled by innovation.

About Newmark Knight Frank
Newmark Knight Frank (“NKF”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 18,000 professionals operate from approximately 480 offices on six continents. NKF’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management.

About CBRE
CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2018 revenues of $21.3 billion and more than 90,000 employees (excluding affiliate offices). CBRE has been included on the Fortune 500 since 2008, ranking #146 in 2019. It also has been voted the industry’s top brand by the Lipsey Company for 18 consecutive years, and has been named one of Fortune’s “Most Admired Companies” for seven years in a row, including being ranked number one in the real estate sector in 2019. Its shares trade on the New York Stock Exchange under the symbol “CBRE.”
CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.

About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning approximately 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management.

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Key points

GSEC has signed Memorandums of Understanding with three Sacramento area commercial real estate offices, Colliers Intl., Newmark Knight Frank and CBRE.

The memorandum with CBRE comes just months after a previous collaboration with GSEC in producing a comprehensive report highlighting existing and pipeline talent in the region, found online at www.TheTalentIsHere.com.

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