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NorthMarq Capital has expanded its multifamily investment sales business to Southern California. GlobeSt.com has learned exclusively that the firm has added the multifamily practice to its regional Los Angeles office, and has hired Shane Shafer to lead the expansion in the market. This is the fourth multifamily investment sales office opening since April this year. The firm acquired a team in Phoenix, and has expanded to Dallas and Kansas City as well.

“We started by launching the multifamily investment sales practice in Arizona earlier this year,” Jeff Weidell, president of NorthMarq Capital, tells GlobeSt.com. “We bought a team with the goal of expanding, and we wanted to integrate it into our mortgage banking platform to provide the full range of services to our multifamily clients. Then, we made an acquisition in Texas and Kansas City, and we are spreading through the Southwest. We wanted to be in Southern California next.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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