Minneapolis – Locally based NorthMarq Capital recently purchased Askew / Reese Investment Co., a Dallas-based commercial real estate banking firm, which also has offices in Austin.

NorthMarq arranged loans of $3.6 billion in 2000 and has a loan-servicing portfolio of $9.1 billion. Askew / Reese arranged $630 million in loan transactions in 2000 and has a servicing portfolio of $475 million. This acquisition makes NorthMarq Capital the second largest commercial mortgage firm in Dallas.