By Joshua Burd
Newmark Associates has announced two key promotions as part of an expansion of its business development team and ongoing growth in lease and sales transactions.
The Cedar Knolls-based firm has promoted Helene Elbaum, a third-generation real estate professional, to executive vice president after she received its Leadership Award in 2019 and 2020, along with top rankings in retail leases and sales. A graduate of Drew University, she oversaw the operations and property management at the firm’s office when she joined the company in 2002 before moving to the sales team.
Elbaum subsequently earned promotions to senior sales associate and then vice president, according to a news release. In addition to her role at Newmark, she serves as vice chair of the Randolph Township Economic Development Committee, assisting businesses in establishing successful enterprises within the community.
“Helene brings years of in-depth real estate knowledge and of the commercial real estate market to every transaction she pursues,” said Susanne Newmark, the firm’s CEO and president. “Her business acumen and ability to creatively solve problems has been an asset to our organization and the key to success in representing our clients.”
Newmark has also promoted Nancy Tuckman to executive vice president, citing her 12-year tenure with the firm. The University of Maryland graduate boasts a strong sales history in the information technology sector, where she was a director of global accounts for large, multinational corporations for more than 16 years, priming her for an additional role as a mentor to new sales associates at Newmark.
Tuckman received this year’s Professional Development Award from the firm and its Unreasonableness and Velocity Awards in 2019, the news release said. As a community volunteer, she formed a committee at her synagogue to support people through difficult life transitions.
Chief Operating Officer Nancy Glick cited Tuckman’s “tenacity, velocity and problem-solving and closing skills” as paramount to her advancement with the firm. Newmark, meantime, added that “Nancy’s ability to assess and solve potential issues — part of her expertise and dedication to each client she represents — have resulted in extraordinary results for our clients.”