Long-serving Newmark Group CEO Barry Gosin will transition into a full-time role as Chairman of operating company Newmark & Co. Real Estate, Inc. at the end of December 2026. Gosin, who has led the firm since 1979, has signed an agreement to remain Chairman until 2029 to support high-impact initiatives. Newmark’s Board of Directors plans to select a new Chief Executive Officer by year-end.
AREIT, Inc. recorded a 36 per cent increase in first-half net income to P5.8 billion, driven by strong revenues and portfolio expansion. Total revenues rose 30 per cent to P7.7 billion, while assets under management reached P159.4 billion. The firm has proposed a P20 billion asset infusion from Ayala Land, Inc., which will increase its total portfolio value to P179 billion following pending regulatory approvals.
Zillow has announced major changes to its executive leadership team to drive the growth of its residential property super app. Finance chief Jeremy Hofmann steps into an expanded role as Chief Operating Officer and Chief Financial Officer, following Jun Choo's decision to step down for health reasons. Former Google executive Sandi Knight also joins the property technology firm as its first Chief Legal and Policy Officer.
Real asset manager ESR has appointed Reini Otter as Chief Executive Officer for its Australia and New Zealand operations. Based in Sydney, he will oversee regional growth, focusing on fund management, logistics real estate and data centres. He succeeds Phil Pearce, who established the regional branch in 2018 and now steps into the role of corporate President following the company's 2025 privatisation.
Industrial developer Panattoni has named Sharad Gohil as CEO and Managing Director of Panattoni India to drive its regional expansion. Gohil, the former head of IndoSpace Capital Asia, brings over 25 years of global real estate experience. He will lead the firm's growth across Indian logistics hubs, manufacturing corridors and emerging digital infrastructure markets, including data centres.
AvalonBay Communities and Equity Residential have revealed the future executive leadership team for their combined firm. The appointments will take effect after the completion of their multi-billion dollar corporate merger, which is scheduled for the second half of 2026. The new entity will control a substantial residential portfolio containing more than 180,000 rental apartments across the United States.
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