CoStar News – ‘We’re Buying Stuff,’ NewMark Merrill CEO Says

In Video Interview, Sandy Sigal Discusses Retail Acquisition Opportunities in the Midwest

As sales of retail centers taper off after a jump from 2021 to 2023, property owner NewMark Merrill is busy with new acquisitions, especially in Chicago, according to its top executive.

Nationwide, retail investment sales volume is on track to total approximately $20 billion in the first half of 2024, down from the $26 billion that traded hands in the same time last year and not keeping pace with the $53 billion total for all of 2023, according to CoStar data. But that’s not deterring NewMark Merrill, which has its headquarters in Calabasas, California, near Los Angeles.

“We’re buying stuff,” said NewMark Merrill founder, CEO and President Sandy Sigal.

Watch the video to hear about the markets the company is focusing on and how Sigal expects technology to shape the industry.

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