Minneapolis-based commercial real estate mortgage banking firm NorthMarq Capital Inc. has launched an investment sales component in order to broaden its financial services to clients. Chip Ryan, a 28-year specialist in investment sales, will head the new division, which will be based in Washington, D.C.
According to Edward Padilla, CEO of NorthMarq, the new division "addresses an industry trend toward providing sales with finance and capital markets." The firm plans to create additional positions in investment sales in other markets across the U.S.