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February 13, 2020

NBS sells its mortgage banking arm

Norris, Beggs & Simpson announced that it has sold its commercial real estate mortgage banking group to Gantry, of San Francisco. The deal doesn't affect NBS' consulting business or its Morrison Street Capital platform. Those will remain active in Seattle and Portland, where the firm is based. NBS' Michael Wood, from the Seattle office, will join Gantry — as will Blake Hering and Paddy Ryan in Portland. Wood said in a statement, “We have known the Gantry principals for decades. This familiarity and history mean our clients can expect a seamless transition into Gantry with no interruption to service or loan closings particularly with our mortgage banking staff joining Gantry.” Privately held Gantry already has an office in Seattle.

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