NorthMarq relocates to Vegas
NorthMarq Capital has relocated its Reno office to Las Vegas.
Thomas J. Powell, the former chief executive officer of ELP Capital who manages the NorthMarq Capital office, said the move reflects the demand for multi-family financing in Las Vegas.
The news comes on the heels of a luxury home report from Nevada State Bank that showed in 2019, Northern Nevada’s high-value real estate market accounted for 418 home sales in 2019, an increase of 4.8 percent over 2018. The average luxury home price was over $1.8 million in 2019.