Description

At NewMark Merrill, our unwavering commitment to "Doing Retail Better" has been the cornerstone of our success over the past 40 years. Through shifting landscapes, economic fluctuations, and industry disruptions, we remain steadfast in our dedication to connecting with communities, cultivating authentic environments, and empowering our tenants to thrive. With offices in Denver, Los Angeles, Sacramento, San Diego, and Chicago, NewMark Merrill proudly owns and manages over 12 million square feet of retail assets, comprised of over 2,000 tenants across 95 communities.

As a boutique-sized firm, we offer the best of both worlds: the efficiency of large portfolio economies of scale combined with the agility of swift decision-making and personalized attention from senior leadership. We are more than just landlords; we are partners in success. By fostering close relationships with communities, engaging directly with our merchants and shoppers, and investing in innovative technology and data collection, we provide invaluable insights that empower our tenants to thrive in our centers.

By deeply understanding the communities we serve and leveraging world-class technology, we maximize value and curate exceptional experiences that transform visitors into loyal customers. Our commitment to excellence extends beyond transactions; it's about creating lasting impact and fostering sustainable growth.

Above all, it's our people who propel NewMark Merrill to new heights of success and innovation. They are ambitious and talented individuals that bring their passion and expertise to our daily endeavors. We promote a welcoming team-oriented environment where we lead with innovation, address challenges head-on, encourage out-of-the-box thinking and celebrate our successes.

At NewMark Merrill we strive to elevate the retail experience, one community at a time. We invite you to join us on this journey as we continue to redefine the possibilities of retail.

Go to www.newmarkmerrill.com to learn more about the company and its culture.

Position Summary

At NewMark Merrill Companies, the Property Manager is responsible for the day-to-day operational performance of the centers in their portfolio, ensuring their properties are well-maintained, operate with strong control over expenses, and deliver a high-quality tenant and customer experience.

This role focuses on operational execution, vendor management, and property standards, with limited involvement in rent collection and accounting responsibilities. Property Managers are expected to be highly visible and engaged on-site—building relationships, understanding the surrounding community, and identifying opportunities to enhance how each center serves its customers.

Working closely with Regional Property Managers and cross-functional teams, the Property Manager supports leasing efforts, strengthens tenant performance, and helps ensure each center remains a relevant and valued part of its neighborhood. Success in this role requires strong operational discipline, sound judgment, and a proactive, hands-on approach to managing both property performance and community experience.

Essential Job Functions

Oversee day-to-day property operations, ensuring properties consistently meet company standards for physical condition, performance, and tenant experience
Maintain a strong on-site presence, regularly walking properties to identify opportunities, address issues proactively, and ensure a high-quality customer experience
Develop and manage operating and capital budgets, monitoring performance and addressing variances through cost control and operational adjustments
Participate in capital planning and oversee execution of approved projects, ensuring scope, budget, and timelines are effectively managed
Build and maintain strong relationships with tenants, vendors, and community stakeholders to support property performance and long-term engagement
Support leasing efforts by providing insights on tenant performance, merchandising opportunities, and overall center dynamics
Evaluate service needs, oversee vendor contracts, and manage third-party service providers to ensure quality performance and cost effectiveness
Partner cross-functionally with accounting, marketing, leasing, and other internal teams to support property initiatives and overall portfolio performance
Identify opportunities to enhance the customer experience and strengthen each center’s connection to the surrounding community
Ensure compliance with all legal, regulatory, and environmental requirements
Respond to after-hours issues and emergencies as needed

Requirements

Bachelor’s Degree or equivalent experience, with 5+ years in retail property management
Demonstrated ability to manage property operations with accountability for performance and execution
Strong financial acumen, including experience managing budgets and controlling expenses
Experience overseeing capital projects from planning through execution
Ability to make sound, timely decisions and exercise good judgment on when to escalate
Strong interpersonal skills with the ability to build effective relationships with tenants, vendors, and internal partners
Proven ability to collaborate cross-functionally and support broader property objectives
Highly organized with strong time management skills and the ability to manage multiple priorities
Effective written and verbal communication skills
Proficient in Microsoft Office (Excel, Word, Outlook); familiarity with property technology systems a plus
California Real Estate Salesperson license required

About the company

NewMark Merrill manages and owns more than 12 million square feet of retail space across 95 communities, hosting over 2,000 tenants. It operates by cultivating authentic community environments and using technology and data collection to gain insights that help tenants thrive and convert visitors into loyal customers. The company differentiates itself through its boutique size that combines the efficiency of large portfolios with the agility and personalized attention from senior leadership, close relationships with communities, direct engagement with merchants and shoppers, and a focus on applying data-driven strategies. Its goal is to elevate the retail experience and foster sustainable growth by empowering tenants and creating lasting impact in the communities it serves.

Company Size

51-200

Company Stage

N/A

Total Funding

N/A

Headquarters

Los Angeles, California

Founded

1997

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Simplify's Take

What believers are saying

May 2026 Otay Mesa deal locked Wendy's, Dutch Bros, and Quick Quack.
Chicago expansion continued with Lake Meadows acquisition and $36 million Winston Plaza refinance.
Sigal says traffic exceeds pre-COVID levels, while rents keep rising across centers.

What critics are saying

Retail capital markets tighten fast if rates stay high and lender spreads widen.
NewMark Merrill's leasing engine depends on Sandy Sigal and a small leadership bench.
A failed Chicago or San Diego repositioning would pressure $3 billion portfolio valuation.

What makes NewMark Merrill unique

Sandy Sigal combines retail ownership with BrightStreet Ventures, launched in 2013.
NewMark Merrill spans 110 centers, 13 million square feet, across three states.
The company executes entitlement-to-opening builds, like Otay Mesa's fully leased 2027 project.

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Company News

Citybiz

Sep 29th, 2026

NewMark Merrill Companies hires Amanda Brown as Senior Executive Assistant to President and CEO Sandy Sigal.

NewMark Merrill Companies hires Amanda Brown as Senior Executive Assistant to President and CEO Sandy Sigal. September 29, 2026 Brown brings a background supporting company presidents across executive, operational, and personal matters to the Calabasas-based retail owner and developer. Amanda Brown NewMark Merrill Companies, Inc., a retail shopping center owner, operator, and developer, has hired Amanda Brown as Senior Executive Assistant to President and Chief Executive Officer Sandy Sigal. In the role, Brown will serve as the primary point of coordination across Sigal's business and personal operations, supporting a company whose portfolio spans California, Colorado, and Illinois. "Hiring Amanda is about more than adding another member of our support staff," said Sandy Sigal, President and Chief Executive Officer of NewMark Merrill Companies. "We are investing in someone who helps us operate with clarity, purpose, and heart. This is a business built on attention to detail and on staying close to our families, our colleagues, our centers, and our communities. Amanda's talent and drive will help us stay focused on what matters most: serving our tenants, supporting our team, and continuing to grow in ways that make a real difference." In her role, Brown will support both the business and personal sides of Sigal's day-to-day operations, including travel coordination, vendor management, events, household projects, and a range of special initiatives. "What drew me to NewMark Merrill was how clearly the culture came through in every conversation - this is a company that still knows the people in its centers and the communities around them," said Brown. "I have built my career on anticipating what is needed before it is asked for and keeping small details from becoming distractions. My job is to protect Sandy's time and attention so that his focus stays where it belongs." Prior to joining NewMark Merrill, Brown served as Executive Assistant to the presidents of Starrett City Associates and Malin Assets Group, where she managed executive and personal support spanning travel, meetings, events, expense reporting, correspondence, and vendor relationships. About NewMark Merrill Companies NewMark Merrill Companies, Inc. owns and/or manages a portfolio of over 110 shopping centers valued at more than $3 billion. Since 1987, President and Chief Executive Officer Sandy Sigal has led the company of shopping centers representing over 2,000 tenants and 13 million square feet in California, Colorado, and Illinois. The Company has founded and invested heavily in BrightStreet Ventures, its technology company, which is working on leading edge solutions for landlords and tenants to succeed in today's retail environment. For more information, please visit NewMarkMerrill.com.

Shopping Center Business

May 14th, 2026

NewMark Merrill purchases 2.5-acres to develop three retail buildings in San Diego.

NewMark Merrill purchases 2.5-acres to develop three retail buildings in San Diego. May 14, 2026 San Diego - NewMark Merrill has acquired a 2.5-acre land parcel to develop three retail buildings in the Otay Mesa neighborhood of San Diego. The fully leased project will feature new locations for Wendy's, Dutch Bros Coffee and Quick Quack Car Wash. All tenants are scheduled to open in early 2027. NewMark Merrill executed the full scope of the project, including entitlement, permitting, leasing, financing and site development. Andrew Peterson and Chris Kehl of SRS Real Estate Partners represented NewMark Merrill in the leasing and procurement of all three tenants. In addition, SRS Real Estate Partners represented Dutch Bros Coffee and Quick Quack Car Wash in the lease negotiations, while Brian Pyke and Jack Avarello of Retail Insite represented Wendy's.

Newmark Merrill Companies

May 5th, 2026

NewMark Merrill CEO and PropTech pioneer Sandy Sigal to speak at ICSC Las Vegas conference.

NewMark Merrill CEO and PropTech pioneer Sandy Sigal to speak at ICSC Las Vegas conference. Los Angeles, CA (May 5th, 2026) - NewMark Merrill Companies, Inc., a Calabasas, California-based retail shopping center owner and development company, announced that the firm's CEO, President and PropTech pioneer Sandy Sigal will be delivering a candid presentation about investing in technology at ICSC+PROPTECH, a new event connecting commercial real estate decisionmakers and technology founders at ICSC Las Vegas on Tuesday, March 19 at 10 a.m. at the Las Vegas Convention Center in Las Vegas, Nevada. Sigal will be speaking about evaluating, prioritizing, and funding technology investments. From balancing risk and ROI to scaling solutions across a portfolio, his presentation will offer a practical framework for making smarter capital decisions that enhance performance, efficiency and long-term growth. He will also be addressing AI, how his company is using it and what the future holds for AI in retail real estate and retail in general. Sigal began working as a computer programmer at age 12. He started computerizing accounting departments by the time he was 14 and used that skillset to start his real estate career at 20. He integrated technology into his business almost immediately following the launch of NewMark Merrill Companies in 1997. Additionally, in 2013, together with his brother Mark, he launched Bright Street Ventures, a firm focused on developing new technology platforms for the retail real estate industry. Sigal is also currently an investor in over 50 PropTech companies and funds including DatexData.com, Placer.ai, and Merchant Centric. "Technology in retail is changing every hour, every day, every week," said Sigal. "Retail environments generate large amounts of data which if properly collected and evaluated, can lead to meaningful outcomes for our merchants, the customers they serve, and our communities. We as an industry need to embrace, incorporate and invest in technology for our business as it is truly a difference maker with how we work and the decisions we make." About NewMark Merrill Companies NewMark Merrill Companies, Inc. owns and/or manages a portfolio of over 110 shopping centers valued at more than $3 billion. Since 1987, President and Chief Executive Officer Sandy Sigal has led the company of shopping centers representing over 2,000 tenants and 13 million square feet in California, Colorado, and Illinois. The Company has founded and invested heavily in BrightStreet Ventures, its technology company, which is working on leading edge solutions for landlords and tenants to succeed in today's retail environment. For more information, please visit NewMarkMerrill.com.

Citybiz

Feb 10th, 2026

NewMark Merrill Companies Promotes Josh Ginsborg To Vice President of Capital Markets

NewMark Merrill Companies promotes Josh Ginsborg to Vice President of Capital Markets. February 10, 2026 NewMark Merrill Companies, Inc., a Calabasas, California-based retail shopping center owner and development company, announced that it has promoted Josh Ginsborg to Vice President of Capital Markets. He will work closely with the firm's acquisitions, development, and operations teams. NewMark Merrill recently acquired Lake Meadows Shopping Center in Chicago which brings the company's portfolio to 110 retail centers owned and/or operated in California, Colorado and Illinois. Ginsborg is tasked with overseeing investor reporting, underwriting developments and acquisitions, portfolio analytics, and capital markets functions. He is also working alongside Sandy Sigal, President and Chief Executive Officer of NewMark Merrill Companies, to explore new capital partnerships and enhance the institutional capabilities of the company's platform. "Josh has been instrumental in our analysis, reporting, and modeling for our investment and development decisions in our portfolio," stated Sigal. "As he continues to grow, NewMark Merrill Companies will continue to rely heavily on his support so we can make the best decisions for our firm and our investors." Prior to joining NewMark Merrill in 2022, Ginsborg held roles with RSF Partners and Goldman Sachs. He is a graduate of Yale University with a bachelor's degree in economics. About NewMark Merrill Companies NewMark Merrill Companies, Inc. owns or manages a portfolio of more than 110 shopping centers valued at over $3 billion. Since 1987, President and Chief Executive Officer Sandy Sigal has led the company's operations spanning California, Colorado, and Illinois, representing over 2,000 tenants and 13 million square feet of retail space. The company has also founded BrightStreet Ventures, a technology subsidiary focused on innovative digital tools for landlords and tenants. For more information, visit www.NewMarkMerrill.com.

Newmark Merrill Companies

Jan 6th, 2026

NewMark Merrill Acquires Chicago-Area Shopping Center

NewMark Merrill acquires chicago-area Shopping Center. NewMark Merrill Companies, Inc. has acquired Lake Meadows Shopping Center, a 179,106-square-foot grocery-anchored retail center located on 16 acres on the corner of South Martin Luther King Drive and East 35th Street in Chicago, from Draper and Kramer. The center is anchored by Jewel-Osco, LA Fitness, Foot Locker, CVS Pharmacy, Citi Trends, and many other national, regional, and local merchants. The refinance was facilitated by Kostas Kavayiotidis of Pacific Southwest Realty and Bryan Gortikov of Gortikov Enterprises. Sandra Kist, Chief Financial Officer, and Josh Ginsborg, Vice President of Capital Markets, negotiated on behalf of NewMark Merrill. NewMark Merrill plans to invest in Lake Meadows to upgrade the center, including improvements to signage, lighting, and gathering spaces. The California-based company also refinanced Winston Plaza in Melrose Park, securing a new loan with Wells Fargo for long-term debt from Mutual of Omaha for $36 million. The company acquired the center in 2008 and completed an extensive remodeling. NewMark Merrill now owns eight retail properties in the Chicago area totaling 1.6 million square feet. Read the original article here: https://www.connectcre.com/stories/newmark-merrill-acquires-chicago-area-shopping-center/

NewMark Merrill

Property Manager

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