NorthMarq is recognized as the nation's largest independentlyowned commercial real estate banking firms. With the Askew/Reesebuy comes an Austin office and one that is due for a significantexpansion, William Jackson, NorthMarq's managing director and headof the Dallas office, tells GlobeSt.com.

The takeover also means a consolidation of both firms' Dallasoffices into one location for the combined 30-member staff. It isuncertain at this point if the firms will take more space atNorthMarq's 3 Forest Plaza office building in the Park Centralsection or Askew/Reese's 4890 Alpha Rd. office structure near theGalleria. What is known is that Michael Hooks, NorthMarq's vicepresident and senior director in Houston, is heading to Austin tolead Askew/Reese's four-member staff under the NorthMarq banner.More employees are coming on board and more space will be neededthan is presently available at its 1717 W. Sixth St. location. Thespace scouts are out in Austin, trying to decide whether more roomcan be had at the existing address or if a relocation is in theoffing.

Askew/Reese has been around the Texas financial world since the1960s, evolving from the former Nowlin Mortgage Co. Through theyears, the business has changed hands several times, but going backsolely into the names of Phillip Askew and Ron Reese about eightmonths ago.

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