Newmark Group

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

Newmark Group Inc.
TypePublic company
NASDAQ: NMRK (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
Websitenmrk.com

History

Newmark was founded as a commercial real estate services firm in Manhattan in 1929. NKF's fully integrated platform of services provides clients with a single-source solution for every phase of owning or occupying a property.

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]

In October 2020, Newmark Knight Frank became Newmark.

Services

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.

Newmark Knight Frank's integrated services platform provides clients with a single-source solution for every phase of occupying or owning a property - from strategic planning, site selection, design, construction and initial occupancy to ongoing cost-effective operations and dispositions.

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.[5]

In December 2017, Newmark Knight Frank went public.[6]

See also

References
  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. Loria, Keith. "NKF Tapped for Brooklyn Tech Hub Assignment".
  6. "Newmark Grubb Knight Frank going public". Washington Business Journal. February 10, 2017. Retrieved 2020-03-01.

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

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.