PM Realty Group
1000 Main St, Suite 2400
Houston, Texas 77002
MEDIA CONTACT:
Whitney Williams
Marketing & Communications Manager
PMRG
(713) 209-5935

Jun 5, 2018

PMRG AND MADISON MARQUETTE MERGER - MEDIA COVERAGE

 

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

June 4, 2018 |  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 31, 2018 | JON BANISTER

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.]

 

PMRG's CEO Rick Kirk on merger - Houston Business Journal

MAY 29, 2018 | CARA SMITH

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 | 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

MAY 28, 2018 | MARY KATE NELSON 

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

MAY 25, 2018 | KRISTIN HILLER

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

May 25, 2018 | MICHELLE GLADDEN

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, 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 | 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 to merge with PMRG

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.]

 

Madison Marquette and PMRG in Merger Discussions

Combination Creates New Industry Leader in Commercial Real Estate

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.]

About PMRG

Headquartered in Houston, Texas, PMRG is one of the nation’s leading real estate companies focusing on comprehensive property services, development and acquisitions. With a strategic presence in 30 markets, PMRG provides the highest quality services to its clients and investors. PMRG’s clients and investors include large financial institutions, advisors and high net worth individuals. By capitalizing on the team’s experience and expertise, PMRG has the ability to undertake large and challenging management, leasing, development and acquisition projects.

PMRG’s portfolio, including projects managed for third parties, includes commercial office buildings, mixed-use centers, corporate headquarters, industrial buildings, medical facilities, high-rise multifamily buildings and re-appropriated military facilities.

Our goal is to generate exceptional returns for our clients and investors by focusing on real estate fundamentals. For additional information, visit www.pmrg.com.