Madison Marquette and PMRG in Merger Discussions

Combination Creates New Industry Leader in Commercial Real Estate 

Washington, DC — Madison Marquette, one of the nation’s leading privately held commercial real estate investment and operating companies, and PMRG, one of the nation’s premier privately held commercial real estate firms specializing in project leasing,  property management, investment management and development services, confirmed today that they are in discussions to merge operations.  Closing is anticipated in the next 30 days.

“We anticipate a highly-complimentary combination that significantly expands the capabilities of both firms,” states Amer Hammour, Chairman, Madison Marquette.  “Madison Marquette’s investment management as well as retail and mixed-use development, marketing and management expertise would join PMRG’s office, medical, industrial and multi-family capabilities to provide leadership across all asset classes to our clients and investment partners.”  PMRG’s dominance in the southern US is a perfect match for Madison’s presence in primary gateway markets on both coasts.  The companies’ shared clients include many of the top institutional owners and investors in the industry.

“The merger is an excellent match of culture and expertise — a tremendous win-win for our people, clients and investment partners,” states Rick Kirk, Chairman and CEO, PMRG.  The leadership of both firms will remain intact, and the combined company will maintain their primary office locations in Washington, DC and Houston, TX. [Read more.]

CRE Firms Merge to Compete with Global Players — GlobeSt.com

June 19, 2018 | By Lisa Brown

The PMRG merger with Madison Marquette immediately doubles its size, and expands the asset focus and capabilities in all primary gateway markets, GlobeSt.com learns in this EXCLUSIVE. [Read more.]

Madison Marquette, PMRG finalize merger. The new company is based in D.C. — Washington Business Journal

By  – Associate Editor, Washington Business Journal

Madison Marquette and PMRG are now one.

D.C.-based Madison Marquette, a co-developer of The Wharf, and Houston-based PMRG finalized their merger on Wednesday, the pair announced, forming a single new, full-integrated commercial real estate firm with 600 professionals and a major presence from the south to both coasts. [Read more.]

Madison Marquette, PMRG Complete Merger — GlobeSt.com

June 14, 2018 | By Erika Morphy

WASHINGTON, DC–Madison Marquette and PMRG have closed their previously-announced merger.

Madison Marquette is a commercial real estate investment and operating company, and PMRG is a real estate firm specializing in project leasing, property management, investment management and development services. As two privately held companies, they did not disclose the terms of the transaction. [Read more.]

Madison Marquette, PMRG Finalize Previously Announced Merger — REBUSINESS Online

Posted on by in Company News, District of Columbia, Southeast

WASHINGTON, D.C. — Retail developer Madison Marquette and Houston-based developer PMRG have closed on their previously announced merger. News of merger discussions was originally announced at the end of May. [Read more.]

PMRG’s merger with D.C. real estate developer closes — Houston Business Journal

By  – Associate Editor, Washington Business Journal

Madison Marquette and PMRG are now one.

Washington, D.C.-based Madison Marquette and Houston-based PM Realty Group finalized their merger on June 13, the pair announced in a press release, forming a single, fully integrated commercial real estate firm with 600 professionals and a major presence from the South to both coasts. [Read more.]

How the PMRG/Madison Marquette Merger Could Affect OC — SoCal Real Estate

Carrie Rossenfeld

As SoCal Real Estate recently reported, commercial real estate firms Madison Marquette and PMRG, which has a divisional office in Irvine, California, are in discussions to merge operations. Closing is anticipated by June 24. We spoke with Rick Kirk, chairman and CEO of PMRG, about what this merger might do for his firm’s Orange County office and other business trends in the market. [Read more.]

Inside The Madison Marquette-PMRG Merger That Will Create A $7B National Powerhouse — Bisnow

May 30, 2018 Jon Banister, Bisnow Washington, D.C.

Two multibillion-dollar real estate companies are preparing to close a major merger, announced last week, that will create a $7B powerhouse with hundreds of properties around the country. Madison Marquette and PMRG’s executives, in interviews with Bisnow, shed light on how the deal came together and what to expect going forward. [Read more.]

Madison Marquette, PMRG to merge — ICSC News & Views

By Edmund Mander
Director, Editor-In-Chief/SCT

Real estate investment and operating firm Madison Marquette announced that it will merge with PMRG, a commercial property services company, and that the postmerger entity will operate under the latter’s name. [Read more.]

PMRG’s CEO Rick Kirk on merger: ‘I couldn’t shoot any holes in it’ — Houston Business Journal

By  – Reporter, Houston Business Journal

Houston-based PM Realty Group, one of the city’s largest commercial real estate brokerages, will soon merge with Washington, D.C.-based real estate developer Madison Marquette. Among other things, the merger will increase PMRG’s Houston headcount and expand PMRG’s capabilities in retail and mixed-use developments and commercial investments. [Read more.]

Madison Marquette, PMRG to Merge in June — Commercial Property Executive

The two companies, both part of Capital Guidance, reportedly have complementary geographic areas of operation, and each has been involved in high-profile projects in recent years.

May 29, 2018 by Scott Baltic

Madison Marquette, a privately held CRE investment and operating company, and PMRG, a privately held firm specializing in project leasing, property management, investment management and development services, are in discussions to merge their operations. Closing is anticipated in June.

Both companies are under the umbrella of Capital Guidance, which was founded more than 50 years ago by a small group of families with roots in the Middle East. Besides CRE, Capital Guidance has interests in financial services, specialty chemicals and luxury home products, among other sectors. [Read more.]

Transactions & Financings: Blue Moon’s JV, PMRG to Merge with Madison Marquette — Senior Housing News

by

Texas-based PMRG, a privately held commercial real estate firm specializing in property management, project leasing investment management and development services, and Washington, D.C.-based Madison Marquette, a privately held commercial real estate investment and operating company, are in talks to merge. Closing is expected in the next 30 days. [Read more.]

Madison Marquette, PMRG Confirm Merger Discussions — REBUSINESS Online

by  

HOUSTON AND WASHINGTON, D.C. — Retail developer Madison Marquette and Houston-based developer PMRG have confirmed that they plan to combine operations. The terms of the merger were not disclosed, but PMRG will become part of the family of companies owned by Capital Guidance, a global investment firm that owns Washington, D.C.-based Madison Marquette. [Read more.]

DC-Based Madison Marquette To Merge W/PMRG Of Houston — Asbury Park Sun

Asbury Park Boardwalk Redeveloper’s Merger Will Result In Combined $7.5 billion AUM, 600 Employees, 350 properties, & 12 offices

By Michelle Gladden

May 25, 2018

Asbury Park boardwalk redeveloper Madison Marquette, headquartered in Washington, D.C.,  are in talks to merge with Houston based PMRG, according to news statements released Thursday.

The real estate development firms, two of the largest in the nation, expect to close a deal in the next 30 days. The merger, being done to expand Madison Marquette’s reach in the south, would result in a combined 600 employees in 12 offices, and an estimated 20 job cuts.

“Our real goal here is to build a fully integrated real estate investment company,” Madison Marquette Chairman Amer Hammour told CoStar.  “Investors prefer investment managers who have full on-the-ground capabilities.” [Read more.]

Madison Marquette Talks Merger With PMRG — SoCal Real Estate

Carrie Rossenfeld

Commercial real estate firms Madison Marquette and PMRG, which has a divisional office in Irvine, California, are in discussions to merge operations. Closing is anticipated in the next 30 days.

Madison Marquette is a privately held commercial real estate investment and operating company, and PMRG is a privately held commercial real estate firm specializing in project leasing, property management, investment management, and development services. PMRG’s dominance in the southern U.S. could be seen as a perfect match for Madison’s presence in primary gateway markets on both coasts. The companies’ shared clients include many of the top institutional owners and investors in the industry. [Read more.]

Madison Marquette to merge with PMRG — Washington Business Journal

Combination Creates New Industry Leader in Commercial Real Estate

By  – Staff Reporter, Washington Business Journal

Key story highlights:

  • Madison Marquette pursued the deal largely to expand its presence in the South.
  • The deal will result in about 20 job cuts due to some overlapping roles.
  • The combined firm will maintain its main offices in D.C. and Houston.

[Read more.]

Exclusive: Madison Marquette, PMRG Merging — CoStar

Washington, D.C. Investment Manager to Hook Up with Houston Services Firm

MAY 24, 2018 TONY WILBERT

Madison Marquette, a top real estate investment management firm, and PM Realty Group, a powerhouse in property management and landlord representation, are in talks to merge their firms.

The merger will create a new company that blends Madison Marquette’s experience in helping oversee landmark mixed-use projects such as The Wharf in Washington, D.C., and PMRG’s long history of property management and development services. The two companies already have been pitching new business together, touting their combined strengths.

Ultimately, PMRG will be owned by Capital Guidance, an international investment company. Capital Guidance also owns Madison Marquette.

“Our real goal here is to build a fully integrated real estate investment company,” Madison Chairman Amer Hammour told CoStar News. “Investors prefer investment managers who have full on-the-ground capabilities.” Hammour also is a managing director of Capital Guidance.

PMRG will provide just that and more for the new company that will have 600 employees in 12 offices, he added.

For PMRG Chairman and CEO Rick Kirk, the transaction brings to end years of discussions with potential partners. [Read more.]

Madison Marquette In Talks To Merge With Houston-Based PMRG — Bisnow

May 24, 2018 Jon Banister, Bisnow Washington, D.C.

One of the developers behind D.C.’s The Wharf megaproject is merging with a Houston-based real estate company. D.C.-based Madison Marquette is in discussions to merge with PMRG and expects the deal to close in the next 30 days, the companies announced Thursday. The terms of the merger, first reported by CoStar, were not disclosed. The deal would create a commercial real estate giant with major investments in dozens of markets across the country and massive development, leasing and management portfolios. [Read more.]

Madison Marquette and PMRG to Merge — GlobeSt.com

The two commercial real estate firms will have a combined AUM of approximately $7.5 billion.

May 24, 2018 | By Betsy Kim

NEW YORK CITY—Madison Marquette, a commercial real estate investment and operating company, and PMRG, a real estate firm specializing in project leasing, property management, investment management and development services plan to merge. Closing is anticipated in the next 30 days. As two privately held companies, they did not disclose the terms of the transaction. [Read more.]

Madison Marquette and PMRG in Merger Discussions — PR Newswire

Combination Creates New Industry Leader in Commercial Real Estate

News provided by Madison Marquette Realty

13:19 ET

WASHINGTON, May 24, 2018 /PRNewswire/ — Madison Marquette, one of the nation’s leading privately held commercial real estate investment and operating companies, and PMRG, one of the nation’s premier privately held commercial real estate firms specializing in project leasing, property management, investment management and development services, confirmed today that they are in discussions to merge operations.  Closing is anticipated in the next 30 days. [Read more.]

 


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