LOS ANGELES—Kevin Shannon has joined Newmark Grubb Knight Frank as West Coast president of the firm’s capital markets group. Shannon is one of the premier investment sales brokers on the West Coast, and was formerly the vice chairman in the capital markets group at CBRE. He joins NGKF with his team of 14 other capital markets executives.

“I moved to NGKF because they made it clear that they will continue to aggressively build a best-in-class capital markets platform nationally. Rob Griffin was a huge addition on the East Coast but their progress in Southern California in the last two months has been remarkable,” Shannon tells GlobeSt.com. “They hired Curtis Palmer who was one of CBRE’s top two multifamily sales producers in Los Angeles. They also hired Pete Bethea, a top retail investment producer, formerly with Cushman & Wakefield, and they got 15 of the 16 team members from my Orange County and Los Angeles investment sales teams. These key hires drive strong capital markets growth across the country, not just in Southern California. NGKF had 202% year over year growth in property sales in Real Estate Alert’s mid-year 2015 rankings, which was by far the top growth rate among the top six brokerages. NGKF has quickly become the number-two multifamily sales brokerage firm nationally. The ability to participate and lead this type of growth, and the fact that NGKF is much more nimble and entrepreneurial is really exciting.”

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