Purpura Returns to Brokerage; Newmark Taps Industry Veteran as Executive Vice Chair

Boston — Newmark Boston has hired Steve Purpura, a leading force in Boston’s rise to nationwide Life Sciences prominence, as Executive Vice Chairman. Purpura brings more than 30 years of experience advising owners, developers and occupiers across office and life sciences real estate, with deep expertise in the market and across major U.S. gateway cities. In his new role, Purpura will partner with the firm’s top teams on complex leasing and strategic real estate initiatives, with an emphasis on the region and other key innovation-driven markets, collaborating locally and nationwide.

“In leading markets, life science and innovation hubs have long aligned talent and capital, shaping where cities grow and how real estate strategies evolve,” said Barry Gosin, Chief Executive Officer of Newmark, “and standards for flexibility, power and infrastructure readiness in these hubs continue to influence decisions across the commercial real estate landscape, reinforcing the role of our specialized advisory.”

“Steve is one of the most respected professionals in the Boston region, with a proven track record advising premier clients at the intersection of office, life sciences and long-term growth strategy,” said Lou Alvarado, Chief Operating Officer of Newmark. “His arrival reinforces our ability to deliver top-tier talent in key gateways, while continuing to expand our advisory expertise in sectors that remain central to our strategy.”

Purpura most recently served as President of Beacon Capital Partners’ Life Science platform, where he helped lead the firm’s life sciences strategy and portfolio growth. Previously, he was a Vice Chairman at CBRE with leadership responsibilities across the Northeast and was closely associated with the region’s expanding life sciences ecosystem. Earlier in his career, he served at Transwestern and as a Partner at Richards Barry Joyce & Partners.

“Newmark has built one of the most dynamic advisory businesses in the industry, and I’m excited to join a firm that continues to invest in its platform to deliver client results at the highest level,” said Purpura. “Boston continues to stand out as one of the most compelling real estate markets in the world—driven by world-class life science research institutions, a dynamic innovation ecosystem and the presence of global capital—and I look forward to partnering with the Newmark team and clients to capture what’s next.”

Lou Alvarado

Barry Gosin

Steve Purpura