Newmark Knight Frank

Newmark Knight Frank
Public company
Industry Real Estate
Founded 1929
Formed partnership with Knight Frank in 2006
Headquarters 125 Park Avenue
New York, New York, USA
Key people
 Jeffrey Gural, Chairman
Barry M. Gosin, CEO
James D. Kuhn, President
Services Leasing Advisory, Global Corporate Services, Investment Sales and Capital Markets, Consulting, Program and Project Management, Property and Facilities Management, Valuation and Advisory Services
Owner BGC Partners
Website www.ngkf.com

Newmark Knight Frank (NKF) is one of the world's leading commercial real estate advisory firms. NKF is operated by Newmark Group, Inc. ("Newmark"). Newmark is listed on the NASDAQ Global Select Market under the symbol "NMRK".

History

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].</ref>

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.

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]

Newmark Knight Frank will be acquiring Robert K Futterman and associates for a undisclosed amount to form Newmark Knight Frank Robert K Futterman and associates. The deal has officially closed July 28th 2018 |url=https://commercialobserver.com/2018/05/newmark-acquires-rkf-for-undisclosed-price/}}</ref>

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. On January 10th 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. ↑ Loria, Keith. "NKF Tapped for Brooklyn Tech Hub Assignment".

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.