Professional Background

Paul Esterer is a founding member and serves as Executive Managing Director of Newmark Grubb Arkansas and is one of the leading economic development leaders in the South, particularly in urban/downtown renovations. With his combined 24 years experience in commercial real estate and financial analysis, he has risen to the top as a respected developer and broker in the real estate market.

Esterer uses his significant track record in project development involving urban living, retail dining, office space, and family entertainment to help clients bring to life large-scale economic development efforts. He is also active in local, state and federal legislative and governmental affairs in Arkansas to promote more effective economic development tools — as evidenced by his co-founding Downtown Arkansas, a statewide economic development group promoting these endeavors. As part of the well-rounded services Newmark Grubb Arkansas offers, Esterer manages tax credit funds for investors and clients, including historic tax credits, affordable housing credits and new market tax credits. Esterer is a frequent speaker at urban redevelopment and financial conferences across the United States.  

Esterer’s experience and knowledge in all phases of real estate investment, operations and development make him a valuable asset to clients who are seeking a true consultant on projects that will go beyond a single building to impact entire communities.