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Senior Director Witt Westbrook relocates to Dallas to strengthen DFW presence, while Rob Ellwood joins the Austin team as Director
JLL Capital Markets announced today the expansion of its Texas Industrial Investment Sales and Advisory team with the strategic relocation of Senior Director Witt Westbrook to Dallas and the addition of Rob Ellwood as Director in the Austin office.
Both Ellwood and Westbrook will be part of JLL’s National Capital Markets Industrial group, led by Senior Managing Directors Trent Agnew and John Huguenard.
Senior Director Witt Westbrook will relocate from Austin to Dallas by year-end to strengthen JLL’s presence in the Dallas-Fort Worth industrial market. He will continue to provide support to Central Texas, where Rob Ellwood and Kyle Mueller will cover the region. Westbrook joined the firm’s Austin office in May 2024, where he has been advising industrial clients on dispositions, acquisitions and equity raises while remaining active on land transactions. He brings eight years of combined real estate experience, having closed over $1.5 billion in transactional volume.
Westbrook was recognized as the Austin Business Journal’s “Heavy Hitter” for building sales in 2024, leading the market with four deals totaling 2.3 million square feet of property sold. Working alongside Senior Managing Director Trent Agnew and the broader Central Texas team, his notable transactions included the sale of the 1.4-million-square-foot Kyle 35 Logistics Park, one of the largest Class A industrial trades in Central Texas market history.
Rob Ellwood joins JLL as Director, bringing specialized knowledge and experience in the industrial real estate sector along the Central Texas trade corridor. Prior to JLL, Ellwood worked at Transwestern, focusing on industrial leasing across the Austin, San Antonio and Laredo markets, with additional buyer representation experience.
A native Spanish speaker born in Monterrey, Mexico, and raised in San Antonio, Ellwood brings valuable bilingual capabilities alongside previous experience on the principalside of business in Mexico. This background positions him as an immediate asset in helping cover the growing border market regions of Laredo, El Paso and the Rio Grande Valley. He holds a bachelor’s degree in Spanish International Trade and Economics from Auburn University.
“These strategic additions demonstrate our commitment to building a best-in-class team across Texas,” said Robert Wooten, Senior Managing Director and Austin & San Antonio Office Co-Head. “With boots on the ground in all four major Texas markets, we’re positioned to better serve our clients’ real estate needs throughout the state.”
Agnew added, “Texas continues to be one of the most dynamic industrial markets in the country, driven by unprecedented population growth, strategic logistics positioning andmajor corporate relocations. Having seasoned professionals like Rob and Witt positioned across our key Texas markets ensures we can capitalize on the tremendous opportunities this state presents for our industrial clients.”
Since 2021, the Texas Industrial team has completed $13.6 billion in industrial sales, totaling over 120 million square feet. The expanded team now includes Senior ManagingDirector Trent Agnew (Houston), Managing Director Charles Strauss (Houston), Senior Directors Tom Weber (Dallas), Kyle Mueller (San Antonio) and Witt Westbrook (Dallas), along with Directors Rob Ellwood (Austin), Pauli Kerr (Dallas) and Lance Young (Houston).
Together, this comprehensive team provides full-service industrial capital markets expertise across all major Texas markets, advising clients on dispositions, acquisitions, equity raises and land transactions throughout the state.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledgedelivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
Newmark announces the appointment of Carla Malone as Vice President of Property Management in Dallas, providing strategic management guidance to the business line in the region.
“Carla brings an exceptional combination of market knowledge, operational expertise and leadership to Newmark’s Dallas Property Management team,” said President, Property and Facilities Management, Richard Holden. “Her appointment underscores our commitment to ensuring clients receive best-in-class management that maximizes asset value and elevates tenant experience.”
With more than 20 years of
experience representing institutional and private clients, Malone has directed operations for tens of
millions of square feet of office, industrial, retail and medical office
assets, leading teams of more than 300 property management and engineering
professionals. Most recently, she served as Managing Director at Lincoln
Property Company in the Dallas–Fort Worth Metroplex where she drove portfolio
performance and spearheaded new business initiatives to expand market share.
Her deep experience in property management is complemented by senior leadership
roles at Cushman & Wakefield, where she oversaw 36 million square feet of
office, industrial, retail and medical office assets across Florida.
Malone added: “Dallas is one of the most dynamic
commercial real estate markets in the country, and I am excited to lead
Newmark’s Property Management business line. I look forward to delivering clients
consistent operational excellence while growing Newmark’s presence across the
region.”
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not
historical facts are “forward-looking statements” that involve risks
and uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements. These include statements about the
Company’s business, results, financial position, liquidity, and outlook, which
may constitute forward-looking statements and are subject to the risk that the
actual impact may differ, possibly materially, from what is currently expected.
Except as required by law, Newmark undertakes no obligation to update any
forward-looking statements. For a discussion of additional risks and
uncertainties, which could cause actual results to differ from those contained
in the forward-looking statements, see Newmark’s Securities and Exchange
Commission filings, including, but not limited to, the risk factors and Special
Note on Forward-Looking Information set forth in these filings and any updates
to such risk factors and Special Note on Forward-Looking Information contained
in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Shepley Bulfinch is excited to welcome Jeremiah Fairbank as Director and Senior Architect. With over 15 years of experience, Jeremiah brings deep expertise in designing nursing and healthcare education facilities, and close engagement with advances in healthcare education and patient care. His unique position to design learning environments that inspire and support future professionals reflects the firm’s commitment to design excellence, innovation, and the future of healthcare education.
Hanley Investment Group Real Estate Advisors closed the sale of three newly constructed single-tenant drive-thru properties in the Dallas-Fort Worth metro area. All three properties were developed and sold by Tradecor, a private developer with offices in Dallas, Phoenix and Tampa.
Hanley Investment Group’s Executive Vice Presidents Bill Asher and Jeff Lefko, in association with ParaSell Inc., represented the seller in the sale of a Son of a Butcher Drive-Thru and an adjacent Portillo’s Drive-Thru in Grapevine, Texas. Vice President Garrett Wood of Hanley Investment Group represented the buyer in the off-market acquisition of a Son of a Butcher drive-thru in Fort Worth, Texas.
Son of a Butcher Drive-Thru in Grapevine, Texas Located at 480 W. State Highway 114, the 2,389-square-foot fast-casual restaurant features a new 15-year absolute triple-net ground lease. The property is part of a newly developed retail development that includes Portillo’s Drive-Thru, Firebirds Wood Fired Grill, Rock & Brews and Velvet Taco.
Portillo’s Drive-Thru in Grapevine, Texas Located directly adjacent at 460 W. State Highway 114, the 6,250-square-foot restaurant features a new 10.5-year absolute triple-net ground lease. Both the Portillo’s and Son of a Butcher properties are positioned within Grapevine’s primary retail corridor, surrounded by high-performing national and regional tenants.
Son of a Butcher Drive-Thru in Fort Worth, Texas Located at 9649 Sage Meadow Trail, the 2,247-square-foot fast-casual restaurant features a new 15-year absolute triple-net ground lease. The site is a hard-corner outparcel to Alliance Town Center, a 900-acre mixed-use destination anchored by corporate offices, hotels and national and regional retailers Chipotle, Firebirds Wood Fired Grill, First Watch, Original ChopShop, Panera Bread, P.F. Chang’s, and Whiskey Cake Kitchen & Bar.
Colliers earlier this month acquired Greystone Sales Group, LLC (GREA Dallas). Details of the transaction were not disclosed.
GREA Dallas is a multifamily investment sales firm in Texas. The firm’s 25 professionals serve private and institutional investors nationwide.
“Dallas continues to be one of the most dynamic multifamily markets in the country,” said Gil Borok, President and CEO, U.S. & LATAM at Colliers. “Its strong economic fundamentals, population growth, and investment activity make it a key focus of our national multifamily capital markets strategy. The GREA Dallas team brings deep expertise and a proven track record, and allows us to further elevate our presence nationally and deliver best-in-class service.”
“We are thrilled to become part of a firm that has an exceptional record as one of the world’s most respected real estate service businesses,” said Todd Franks, Chairman and Founding Partner of GREA Dallas. “Joining Colliers enhances our ability to deliver unparalleled service across the multifamily real estate sector in Texas and nationally. We look forward to leveraging Colliers’ established platform and collaborating with their talented specialists to continue driving exceptional outcomes for our clients in sales and financing of this important asset class.”
A new study says that employees have for the most part accepted back-to-the-office policies, especially hybrid schedules. That doesn’t mean, though, that all employees are complying when their companies mandate that they return to the office, whether that mandate is one to two days a week or four to five.
That’s one of the main takeaways from JLL‘s Workforce Preference Barometer 2025, a report studying the state of the global workforce.
Another key finding? Most employees told JLL that they are more interested in maintaining a solid work-life balance than they are in a higher salary. This means flexibility: Workers want the flexibility to work remotely when it makes sense and to work non-traditional hours if it results in benefits such as a shorter commute to work.
Others who are caring for children or elderly parents want a schedule that allows them to tackle these caregiving duties even if they arise during normal working hours, as long as they can complete their duties during non-traditional working hours.
Researchers compiling this year’s JLL’s Workforce Preference Barometer surveyed 8,700 office workers in 31 countries. These respondents worked at companies that each employed more than 1,000 staffers in sectors including finance, technology, manufacturing and public services.
JLL’s survey found that 65% of respondents listed work-life balance as their top priority, ahead of salary. This is evidence of how important it is for companies to provide their workers with a work schedule that does give them the chance to spend time with their families or enjoy downtime away from the office.
“We have been publishing this barometer for several years, and the statistic that stood out to me this time was the importance that employees place on flexibility and work-life balance,” said Peter Miscovich, executive managing director, global future of work director for JLL. “What we are seeing is that with the accelerated pace of change, accelerated rate of tech adoption, the post-pandemic stressors in the marketplace and uncertainty about the economy, is that people are really looking for greater time flexibility and work-life integration if not full balance.”
Peter Miscovich (Photo courtesy of JLL.)
Miscovich said that survey respondents said that they want a greater level of autonomy when it comes to their work schedule. They want time to disconnect from their work.
“There is still that always-on workplace mentality that is prevalent today,” Miscovich said. “The high levels of stress and the burnout of multiple cohorts is pervasive. That finding in the barometer supports what we are seeing in the marketplace today. People are feeling stress. We will see if this changes, but it does seem to be part of our new normal.”
Some employers, though, are taking steps to improve the work-life balance of their workers.
Miscovich said that it is important for companies to consider the needs of different workers and to ask them what they need from their work schedules. As Miscovich says, the most successful hybrid work schedules consider input from employees on when they need and don’t need to be in the office.
A manager, for instance, might need to be in the office four days a week while a programmer might only need to be on-site one day a week. Maybe both types of employees need to be in the office when on-site meetings or brainstorming sessions are scheduled.
Other employees might be taking care of both young children and elderly parents. These workers might need to take time off during the day, something that employers can allow if these workers can complete their tasks during non-traditional hours.
Other employees might face long commute times if they must work a traditional 9-to-5 schedule. Companies might allow these workers to come into the office earlier and level earlier or get to their desks later in the day and work past 5 p.m.
“Employers should look at the individual cohorts within an organization and ask them what they need in terms of autonomy,” Miscovich said. “If the output is there and the company’s objectives are being met, providing this flexibility can be a win-win for everyone. We companies can execute this, that is where we see the greatest success.”
Accepting the hybrid model
The study reported that 66% of global office workers say that their company sets clear expectations for the number of days that they are expected to work on-site. The survey found, too, that 72% of respondents viewed these back-to-office policies positively.
Of those employees with this positive view, 50% said that being in the office at least on a hybrid basis supports better teamwork. A total of 43% of these respondents said that they prefer working in the office to working remotely and 35% said they view hybrid policies as being fairer to all employees.
Miscovich said that those in favor of hybrid policies said that they appreciate the chance to be both visible in an organization and the opportunity to work off-site.
“People are looking for workplace variety and balance,” Miscovich said. “Working seven days a week nonstop is not healthy. If you create the conditions that allow enough flexibility for workers, those are the work arrangements that earn the most positive acceptance.”
As Miscovich says, workers want a positive experience when they go to the office. They want to be able to use a conference room if they need one. They want the technology that makes it easier for them to complete their work. They want the opportunity to grab a quick cup of coffee if they need a break from work.
“They are looking for a higher-quality experience in the office,” Miscovich said. “If companies can provide that, it’s a nice win-win-win opportunity.”
The challenges
But what about those workers who don’t view their companies’ back-to-office policies favorably? JLL said that 40% of them said that they believe they will be less productive on the job if they are not able to choose their preferred work setting.
Those employees who don’t have a positive view of their companies’ hybrid policies told JLL that they are less concerned about having to return to the office than they are about a lack of company support that would otherwise make in-office work a comfortable and worthwhile experience.
The JLL survey found that 55% of respondents who had have negative views on hybrid policies are concerned about their quality of life. A total of 42% said they had feelings of being stuck in their job and 41% said that they felt let down by their companies’ return-to-office plans.
Not all workers follow their companies’ hybrid plans, of course. JLL found that compliance ranges from 74% in the United States to 85% in Europe, with compliance rates above 90% in Italy and France.
Consider companies that mandate that employees work one to two days in the office every week. JLL found that 68% of respondents at such companies did work the required one to two days. A total of 19% routinely worked three to four days in the office and 7% regularly worked all five weekdays in the office. However, 5% of respondents continued to work fully remote despite their companies’ back-to-office mandates.
For companies that mandated employees to work three to four days a week in the office, JLL found that 70% of survey respondents did follow that mandate. A total of 12% worked full-time in the office. But JLL found that 17% routinely worked only one to two days in the office while 1% remained fully remote.
And for respondents whose employers have mandated that they work full-time in the office? According to the study, 82% of these respondents said that they followed this mandate. A total of 10% of respondents said that they routinely worked three to four days in the office, 5% said that they routinely worked one to two days in the office and 2% said that they remained fully remote.
In its study, JLL said that companies can take steps to increase in-office compliance from workers. Companies should personalize the work experience, recognizing that older employees with more experience might not need to come into the office as frequently as their younger peers. Some employees, depending on the work that they do, can perform more of their tasks remotely.
JLL said that companies should reserve much of employees’ in-office time for tasks such as meetings, brainstorming sessions and other work that can only be done on-site.
Also important? Taking a more holistic approach to creating an inviting workspace. This means not only providing an office space with amenities such as onsite fitness centers, healthy food options and quiet spaces for creative work, but also providing employees with the option to work non-traditional hours, take time off to care for children or elderly parents or even take a mental break if they face possible burnout.
Employees with a positive view of their work schedules tend to work in environments in which the business’ needs are balanced with employee wellbeing.
A total of 50% of employees who are in favor of their companies’ hybrid policies say that being in the office at least part time supports better teamwork. A total of 71% of survey respondents who viewed their companies’ hybrid policies favorably said that their companies are a great place to work.
Miscovich said that companies that want to persuade their employees to come into the office a greater number of days need to provide an office space that is enticing.
“If employers want to be competitive in attracting great talent, and they want that talent to come into the office three days a week, they need a great workplace environment,” Miscovich said. “Employees are looking for that high-quality building, that high-quality workplace design. They want a building with sustainable practices and energy management. This trend will continue.”