Newmark is pleased to announce that it has hired Matt Duthie to oversee and direct property management services in the New York Metro Region, which includes business development, operations, integrating service lines and strategic staff recruitment to maximize the value of real estate assets on behalf of clients. Duthie will be partnering with Newmark’s market leaders in leasing and investment sales and capital markets to expand the firm’s suite of investor services in New York.
“Matt is among the most highly respected real estate professionals in New York. With a combination of business, industry and property management expertise, and with his elite education, he executes on every level to exceed client objectives,” said Randy Buddemeyer, co-president of management services.
“As a leader in Manhattan property management, Matt brings a broad base of experience and skills that will drive improved operating performance and enhance asset values while working with our leasing and Newmark Capital Markets professionals to provide our clients with best-in-class investor services,” added Steven Adamczyk, co-president of management services.
A 32-year veteran of commercial real estate, Duthie has a proven and dynamic track record in every aspect of asset management and building operations, comprising property enhancement programs; financial management; capital improvement projects; contract and vendor supervision; and leasing. Prior to joining Newmark, he worked for multiple firms, and led a property management group in New York City overseeing a 15-million-square-foot portfolio. He has also worked in construction and has directed services for more than five million square feet of commercial office space in New York, Washington, DC, and Boston.
“During my career, long-standing relationships have been the very cornerstone of my professional success and they will remain my focus in working with my Newmark colleagues in expanding the firm’s client services, along with growing our best-in-class property management business,” Duthie stated.
Duthie served as the chairman and is still a member of the board of directors for the Real Estate Board of New York, and vice president and a member of the board of directors for the New York Energy Consumer Council, as well as an officer and board member for Building Owners and Managers Association. He has also served as a member of the board of directors for several business improvement districts, including the Times Square Alliance and the East Mid-Manhattan Business Improvement District.
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.