Newmark Group

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Newmark Group Inc.
Public company
Traded asNASDAQNMRK (Class A)
Russell 2000 Index component
ISINUS65158N1028
IndustryReal Estate
Founded1929
Formed partnership with Knight Frank in 2006
Headquarters125 Park Avenue
New York, New York, USA
Key people
Jeffrey Gural, Chairman
Barry M. Gosin, CEO
James D. Kuhn, President
ServicesLeasing Advisory, Global Corporate Services, Investment Sales and Capital Markets, Consulting, Program and Project Management, Property and Facilities Management, Valuation and Advisory Services
OwnerBGC Partners
Websitengkf.com

Newmark Group Inc. is an American company that is a leading commercial real estate advisory firms. It operates by Newmark Knight Frank and is listed on the NASDAQ Global Select Market under the symbol "NMRK".

History[edit]

Newmark was founded as a commercial real estate services firm in Manhattan in 1929.

In 2000, Newmark embarked upon a national expansion. In 2001, they invested in family-owned national appraiser Koeppel Tener Real Estate Services, founded by Alfred J. Koeppel[1] and in 2006 formed a partnership with London-headquartered Knight Frank, creating an international commercial real estate company, Newmark Knight Frank.[2]

In October 2011, Newmark Knight Frank became a part of BGC Partners, Inc (NASDAQ:BGCP), a brokerage company primarily servicing the wholesale financial markets.[3]

In April 2012, BGC Partners bought commercial real estate firm, Grubb & Ellis, founded in 1958 by Donald Sr. & John Grubb & Harold Ellis, to form Newmark Grubb Knight Frank.[4]

On January 10, 2018, Newmark Knight Frank is in deep negotiations to purchase Robert K Futterman and Associates for $60,000,000 in cash and stock to form "Newmark Knight Frank Grubb Ellis Robert K Futterman and Associates". The deal is set to close in May 2018 prior to the International Conference of Shopping Centers in Las Vegas. [5]

Services[edit]

Newmark Knight Frank offers a range of real estate development and management services including: Leasing Advisory, Global Corporate Services, Investment Sales and Capital Markets, Consulting, Program and Project Management, Property and Facilities Management, Valuation and Advisory Services.

In August 2017, NKF was retained as exclusive leasing agent for the remaining 90,000 square feet of office space at the 1.2-million-square-foot office and retail complex at the Jared Kushner connected development Brooklyn Tech Triangle.[6]

In 2018, Newmark Knight Frank acquired Robert K. Futterman and associates for an undisclosed amount to form Newmark Knight Frank Robert K Futterman and associates. The deal has officially closed July 28, 2018 [7]

References[edit]

  1. ^ New York Post: "NEWMARK EYES BUY; REALTOR PLANS TO PUT $$ IN NATIONAL APPRAISER" By Lois Weiss July 3, 2001
  2. ^ Newmark To Change Name Following Merger. The Real Deal.
  3. ^ BGC Partners Announces Closing of Acquisition of Newmark Knight Frank.
  4. ^ BGC Forms Newmark Grubb Knight Frank Upon Completing Acquisition of Assets of Grubb & Ellis Company.
  5. ^ Newmark nearing deal to buy RKF: sources.
  6. ^ Loria, Keith. "NKF Tapped for Brooklyn Tech Hub Assignment".
  7. ^ "Newmark Acquiring RKF for Undisclosed Price". commercialobserver.com. 29 May 2018.

https://commercialobserver.com/2018/05/newmark-acquires-rkf-for-undisclosed-price/

External links[edit]