04:35 PM EDT, 04/08/2025 (MT Newswires) -- Newmark Group ( NMRK ) said late Tuesday it has promoted Lou Alvarado to be the new chief operating officer, starting immediately.

Alvarado has worked at Newmark ( NMRK ) since 2015 and has been chief revenue officer for the commercial real estate broker since 2018. Prior to joining Newmark ( NMRK ), he was a regional president at Cushman & Wakefield (CWK) and a vice president for Travelers' (TVR) insurance subsidiary.

Chief operating officer is a new position at Newmark ( NMRK ), the company said.