Jay Luchs and Steven Schaefer

Newmark Residential

Jay Luchs may be widely known as a leading commercial real estate broker, but what many may not be aware of is that he is also fast becoming just as prominent in luxury residential real estate. Luchs partnered with Steven Schaefer and co-founded Newmark Residential. Both born and raised in Maryland, Luchs and Schaefer set a simple mission in place: to serve Luchs’ existing client base and provide unmatched strategic planning and negotiation services for residential sale and lease transactions. In just the past month, the duo has been responsible for selling over $30 million in residential; including a $26 million contemporary estate in Pacific Palisades that is currently the highest residential deal recorded on L.A.’s Westside so far in 2020 and a $8 million contemporary home in Malibu.

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