Newmark Group, Inc. (NASDAQ: NMRK), a leading full-service commercial real estate services business that operates as Newmark (“Newmark”), today announced another milestone in the development of its Valuation & Advisory (V&A) practice, with the acquisition of the assets of two Integra Realty Resources (IRR) offices, located in Boston and Pittsburgh. The acquisitions were led by Barry Gosin, Newmark’s chief executive officer, and John Busi, president of V&A.
This move augments the recent hiring of specialized leaders in Newmark V&A’s service sectors, including: Healthcare / Seniors Housing; Hospitality, Gaming & Leisure; Industrial / Logistics; Mission Critical / Data Centers; Multihousing; Retail / Regional Malls; Self Storage; Financial Reporting and Property Tax. The firm has also recently expanded its coverage throughout the Americas with the recent hiring of V&A leaders in Canada and Mexico. The V&A practice has brought together some of the industry’s most sought-after regional businesses, market and asset class leaders, and recognized professionals in less than 18 months’ time.
“The rapid growth of Newmark’s Valuation & Advisory practice adds substantial value for our clients, making it a key success for the firm,” said Gosin. “As the valuation market continues to evolve in 2018, our strategy will adapt to the shifting landscape and will support the continued upwards trajectory of our platform.”
“We believe what we have accomplished with the V&A team could only have happened at Newmark, which is committed to advancing this business. Our CEO, Barry Gosin, has been completely aligned with our vision and with the strategies that will help us optimize our goals,” said Busi.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark”), is one of the world’s leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, Newmark’s strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.
Our investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting and, under trademarks and names like Berkeley Point and Newmark Capital Markets, government sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Our occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. We enhance these services and products through innovative real estate technology solutions and data analytics designed to enable our clients to increase their efficiency and profits by optimizing their real estate portfolio. We have relationships with many of the world’s largest commercial property owners, real estate developers and investors, as well as Fortune 500 and Forbes Global 2000 companies. For further information, visit www.ngkf.com.
Newmark, which is listed on the NASDAQ Global Select Market under the symbol “NMRK”, is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”), a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol “BGCP”. BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol “BGCA”.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s and BGC’s Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.