One of North America’s Largest Regional Commercial Real Estate Firms To become listed on the NGKF Family As Newmark Cornish & Carey
Nyc (January 21, 2014) – Newmark Grubb Knight Frank (“NGKF” or “Newmark”), among the biggest commercial estate that is real organizations within the U.S., and element of BGC Partners, Inc. (NASDAQ BGCP) (“BGC Partners” or “BGC”), announced today BGC’s agreement to acquire Cornish & Carey Commercial (“Cornish & Carey”). With approximately $135 million in profits in 2012 and over 275 agents, Cornish & Carey is Northern California’s preeminent full-service commercial real estate business. Economic details regarding the deal are not disclosed. BGC expects the deal is going to be accretive upon closing immediately. The transaction is expected become completed by the middle of 2014.
Cornish & Carey was the principal force in Northern California and Silicon Valley real estate since 1935, and somewhat bolstered its place on the market when it partnered with NGKF this year
NGKF CEO Barry M. Gosin said, “Our partnership with Cornish & Carey happens to be tremendously effective. We’ve got an https://datingmentor.org/peruvian-dating even greater capacity to provide consumers into the important Northern California market the complete array of NGKF’s services site that is including, leasing advisory, facilities administration, property management, task management, investment sales, international corporate solutions, and valuation amongst others. a main motorist of NGKF’s growth is acquiring dazzling talent in key areas. Cornish & Carey’s commitment to serving consumers, as well as its culture and gratification, align completely with NGKF’s client-centric service and growth model.”
Cornish & Carey Commercial President and CEO Chuck Seufferlein, one of the most respected figures in California’s commercial realtor industry, has been known as President of NGKF’s Western Region. Continue reading “BGC’s Newmark Grubb Knight Frank (NGKF) To Get Cornish & Carey Commercial, Northern California’s Premier Commercial Real Estate Company”