Source: Arkansas Business on Mon, Sep 17, 2018
Newmark Moses Tucker Partners and The Lasiter Group, both of Little Rock, announced Monday that they have formed a strategic alliance to practice commercial real estate brokerage, management and development.
Principals in the two firms have collaborated before, according to a news release, most notably with downtown Little Rock development projects.
The Lasiter Group is nearing completion of the Villa Vue apartments at 13th and Scott streets in the SoMa neighborhood of Little Rock and the Rose Building apartments on Main Street. Newmark will lease and manage both projects.
Newmark has offices in Little Rock, Fayetteville and Bentonville. Along with Lasiter, the two manage about 6.7 million SF of commercial space.
"We expect the synergy between the two groups to be significant," Chris Moses, president and CEO of Newmark, said in a news release. "We are delighted to start this new venture with Tommy Lasiter and his team."
Tommy Lasiter, founder, principal and managing partner of The Lasiter Group, said it made sense to affiliate with another market leader as the company establishes its vision for the next decade.
"Our organization's vision is to drive and deliver commercial real estate projects that add value to the markets where they are located — providing benefits to the communities and people that they serve," Lasiter said.
The Lasiter Group has also moved its offices from the Stephens Building to the Arkansas Capital Commerce Center in Little Rock's River Market District, alongside Newmark's office. Lasiter said it will continue to work with its longtime partner, Doyle Rogers Company.
The Lasiter Group, whose leaders also include Principal and Partner Ryan Lasiter, announced two new employees for its subsidiary, Lasiter Real Estate: Virginia James, who will oversee property management for the organization's asset portfolio, and Charles Pugh, who will be involved with leasing and brokerage efforts.