Nearly two months after Newmark lost David Fasano and Ross Sanders to Berkadia, the firm is building its team with the hire of capital markets debt and structured finance veteran Bill Fishel as executive vice chairman. Fishel will specialize in raising debt and equity capital for institutional-grade assets and developments across North America, with a focus on structured finance. He will report to Chad Lavender, president of capital markets for North America at Newmark.

In his 14-year career, Fishel has executed over $15 billion in financing for a wide range of asset classes, including retail, office, multifamily, industrial, hospitality, single tenant, land and data center properties. He has closed permanent, bridge, construction, mezzanine and joint venture equity financings in his career. Fishel will be based in Los Angeles at the firm’s Century City office. Prior to joining Newmark, Fishel served as a senior managing director and co-head of the Los Angeles office of JLL, where he was a member of the firm’s Expanded Executive Committee for Capital Markets.