{{short description|American real estate services firm}} {{Infobox company | name = Newmark Group Inc. | logo = Newmark Group Logo.svg | logo_class = skin-invert | type = Public | traded_as = {{nasdaq|NMRK}} (Class A)<br>Russell 2000 Index component | ISIN = US65158N1028 | founded = {{start date and age|1929}} | location = 125 Park Avenue<br>New York City, U.S. | num_locations = 170 (2024) | key_people = Barry M. Gosin (CEO)<br>Michael Rispoli (CFO)<br>Luis Alvarado (COO)<br>Stephen Merkel (Chairman) | industry = Real estate | services = Capital Markets<br>Industrial and Logistics Services<br>Landlord Representation<br>Multifamily Capital Markets<br>Property Management<br>Retail Services<br>Tenant Representation<br>Valuation & Advisory | revenue = {{increase}} $2.7 billion (2024) | num_employees = 8,000+ (2024) | website = {{URL|nmrk.com}} }}
'''Newmark Group Inc.''' is a global commercial real estate advisory and services firm headquartered in New York City. It operates as ''Newmark'', and is listed on the NASDAQ Global Select Market under the symbol "NMRK".<ref>{{cite web |last=Bockmann |first=Rich |date=2017-11-01 |title=A wide open lane for commercial brokerage IPOs |url=https://therealdeal.com/issues_articles/a-wide-open-lane-for-commercial-brokerage-ipos/ |access-date=2022-02-09 |website=The Real Deal}}</ref>
According to MSCI, Newmark was the third-largest investment broker in the Americas in 2023.<ref>{{cite web |date=2021-03-16 |title=RCA Names Top Global Commercial Property Brokers for 2020 |url=https://www.rcanalytics.com/2020-global-broker-rankings |access-date=2022-02-11 |website=Real Capital Analytics, Inc. |language=en-US}}</ref> In its ‘Top CRE Brokerage Firms of 2023, Commercial Property Executive ranked Newmark 3rd.<ref>{{cite web |date=2021-06-03 |title=2021 Top Commercial Real Estate Brokerage Firms |url=https://www.commercialsearch.com/news/2021-most-powerful-brokerage-firms/ |access-date=2022-02-09 |website=Commercial Property Executive |language=en-US}}</ref>
In 2011, the company was acquired by Cantor Fitzgerald, headed by Howard Lutnick. In 2025, Lutnick became commerce secretary in the second Donald Trump administration.
==History== === Early years === Newmark was founded in 1929<ref>{{cite web |date=2019-03-19 |title=Newmark {{!}} TRD Research |url=https://therealdeal.com/new-research/topics/company/newmark-knight-frank/ |access-date=February 4, 2022 |website=TRD Research {{!}} Published by The Real Deal}}</ref><ref>{{cite web |title=Newmark |url=https://commercialobserver.com/tag/newmark/ |access-date=2022-03-07 |website=Commercial Observer |language=en-US}}</ref> in Manhattan by Dave Newmark.<ref>{{cite web |last=REW |date=2020-10-19 |title=Newmark drops the Knight Frank |url=https://rew-online.com/newmark-drops-the-knight-frank/ |access-date=2022-03-07 |website=Real Estate Weekly |language=en-US}}</ref><ref>{{cite news |last=Gregor |first=Alison |date=2006-04-23 |title=Trained in Manhattan, Graduating to the World |language=en-US |work=The New York Times |url=https://www.nytimes.com/2006/04/23/business/yourmoney/trained-in-manhattan-graduating-to-the-world.html |access-date=2022-03-07 |issn=0362-4331}}</ref>
In 1953, Aaron Gural joined Newmark & Company as a real estate broker, later purchasing the company in 1956 with partners.<ref>{{cite news |last=Hevesi |first=Dennis |date=2009-03-14 |title=Aaron Gural, Real Estate Executive, Dies at 91 |language=en-US |work=The New York Times |url=https://www.nytimes.com/2009/03/14/business/14gural.html |access-date=2022-03-07 |issn=0362-4331}}</ref><ref>{{cite web |last=REW |date=2020-10-19 |title=Newmark drops the Knight Frank |url=https://rew-online.com/newmark-drops-the-knight-frank/ |access-date=2022-03-07 |website=Real Estate Weekly |language=en-US}}</ref> Gural served as Chairman of Newmark & Company from 1957 to 1998.
Under Gural's leadership, Newmark began acquiring properties throughout Manhattan starting with 230 Fifth Avenue.<ref>{{cite web |title=Newmark |url=https://commercialobserver.com/tag/newmark/ |access-date=February 3, 2022 |website=Commercial Observer}}</ref> Other notable property acquisitions during this time included the Film Center Building at 630 Ninth Avenue and the historic DuMont building at 515 Madison Avenue.<ref>{{cite web |last=Athavaley |first=Anjali |date=June 23, 2013 |title=Gural Scion on Fast Track |url=https://www.wsj.com/articles/SB10001424127887323998604578563481645225910 |access-date=February 3, 2022 |website=The Wall Street Journal}}</ref> Gural became known as one of the first real estate executives to see the potential for restoring West Side industrial sites and abandoned lofts in the Garment District.<ref>{{cite news |last=Hevesi |first=Dennis |date=2009-03-14 |title=Aaron Gural, Real Estate Executive, Dies at 91 |language=en-US |work=The New York Times |url=https://www.nytimes.com/2009/03/14/business/14gural.html |access-date=2022-03-07 |issn=0362-4331}}</ref>
In 1978, Aaron Gural's son, Jeffrey Gural, and Barry Gosin took ownership of the company.<ref>{{cite news |last=Gregor |first=Alison |date=2006-04-23 |title=Trained in Manhattan, Graduating to the World |language=en-US |work=The New York Times |url=https://www.nytimes.com/2006/04/23/business/yourmoney/trained-in-manhattan-graduating-to-the-world.html |access-date=2022-03-07 |issn=0362-4331}}</ref>
Throughout the late 1980s, in response to a lull in New York City's real estate market, Gosin began building Newmark’s brokerage and advisory division.<ref>{{cite web |last=Gregor |first=Alison |date=April 23, 2006 |title=Trained in Manhattan, Graduating to the World |url=https://www.nytimes.com/2006/04/23/business/yourmoney/trained-in-manhattan-graduating-to-the-world.html |access-date=March 7, 2022 |website=The New York Times}}</ref> Gosin would later tell ''The New York Times'' that it was Newmark's unique combination of being a brokerage firm and having a significant investment portfolio that set the firm apart in the industry.
In 1992, James Kuhn joined Newmark as President after serving as the owner/manager of the Mendik Company, where he oversaw the acquisition of 11 million square feet of office space and 6,000 apartments.<ref>{{cite web |title=James Kuhn Newmark {{!}} Newmark Grubb Knight Frank |url=https://therealdeal.com/issues_articles/the-closing-4/ |access-date=2022-03-07 |website=The Real Deal New York |language=en-US}}</ref>
Throughout the 1990s, Newmark continued to expand its property holdings, including through the purchase of New York's Flatiron Building beginning in 1997.<ref>{{cite web |last=Garbarine |first=Rachel |date=June 30, 2004 |title=COMMERCIAL REAL ESTATE: REGIONAL MARKET -- Manhattan; Publisher Expands to Take Most of the Flatiron Building |url=https://www.nytimes.com/2004/06/30/business/commercial-real-estate-regional-market-manhattan-publisher-expands-take-most.html |access-date=March 3, 2022 |website=The New York Times}}</ref> In the late 1990s, the firm grew beyond its basic leasing and management operation by expanding its corporate services division.<ref>{{Cite web |last=Pincus |first=Adam |date=November 1, 2010 |title=Newmark's Class A play |url=https://therealdeal.com/issues_articles/newmarks-class-a-play/ |access-date=March 3, 2022 |website=The New York Times }}</ref>
=== Since 2001 === In 2001, Newmark invested in national appraiser Koeppel Tener Real Estate Services, founded by Alfred J. Koeppel.<ref>[https://nypost.com/2001/07/03/newmark-eyes-buy-realtor-plans-to-put-in-national-appraiser/ New York Post: "NEWMARK EYES BUY; REALTOR PLANS TO PUT $$ IN NATIONAL APPRAISER" By Lois Weiss] July 3, 2001</ref> In 2006, Newmark formed a partnership with London-based real estate firm Knight Frank becoming Newmark Knight Frank.
In October 2011, BGC Partners, Inc., an American global financial services company based in New York City, acquired Newmark.<ref>{{cite web |last=Rusli |first=Evelyn M. |date=April 28, 2011 |title=BGC Partners Buys Newmark |url=https://dealbook.nytimes.com/2011/04/28/bgc-partners-buys-newmark/ |access-date=February 27, 2022 |website=The New York Times |department=DealBook}}</ref> With the acquisition, Howard W. Lutnick, Chairman and Chief Executive Officer of BGC, became Chairman of Newmark, with Gosin, who had previously served on BGC's Board of Directors, remaining as Newmark's CEO and Jeff Gural as Chairman Emeritus.
In April 2012, BGC Partners acquired assets of commercial real estate brokerage Grubb & Ellis, founded in 1958 by Donald Sr. & John Grubb & Harold Ellis, to form Newmark Grubb Knight Frank (NGKF).<ref>[http://ir.bgcpartners.com/news-releases/news-releases/News-Release-Details/2012/BGC-Forms-Newmark-Grubb-Knight-Frank-Upon-Completing-the-Acquisition-of-Assets-of-Grubb--Ellis-Company/default.aspx BGC Forms Newmark Grubb Knight Frank Upon Completing Acquisition of Assets of Grubb & Ellis Company].</ref><ref>{{Cite web |last=Vincent |first=Roger |date=February 22, 2012 |title=Grubb & Ellis agrees to sale |url=https://www.latimes.com/archives/la-xpm-2012-feb-22-la-fi-grubb-ellis-bankruptcy-20120222-story.html |access-date=February 23, 2022 |website=Los Angeles Times}}</ref>
Newmark announced an expansion in South America in 2014 through partnerships in Argentina, Brazil, Colombia, Chile and Peru.<ref>{{cite web |last=Melouney |first=Carmel |date=June 2, 2014 |title=Newmark Grubb Frank Knight Teams Up With Firms in South America |url=https://www.wsj.com/articles/newmark-grubb-frank-knight-teams-up-with-firms-in-south-america-1401679937 |access-date=February 24, 2022 |website=The Wall Street Journal}}</ref> According to Newmark, the firm currently operates in Argentina, Brazil, Colombia, Costa Rica, Mexico, Panama, and Puerto Rico.<ref>{{cite web |title=Latin America |url=https://www.nmrk.com/region/latin-america |access-date=March 3, 2022 |website=Newmark website}}</ref>
On December 15, 2017, Newmark listed on the Nasdaq stock exchange.<ref>{{cite web |last=Bockman |first=Rich |date=December 15, 2017 |title=Newmark Lists on the Nasdaq |url=https://therealdeal.com/2017/12/15/newmark-lists-on-the-nasdaq/ |access-date=February 27, 2022 |website=The Real Deal}}</ref>
In October 2020, Newmark Knight Frank formally rebranded to Newmark.<ref>{{cite web |date=October 19, 2020 |title=Newmark Drops the Knight Frank |url=https://rew-online.com/newmark-drops-the-knight-frank/ |access-date=February 14, 2022 |website=Real Estate Weekly}}</ref>
On June 2, 2021, ''The Washington Post'' reported that The Trump Organization had hired Newmark to sell its lease to the Trump International Hotel in Washington, DC. "A representative of Newmark Group declined to comment", the ''Post'' said.
In February 2025, Barry Gosin assumed the additional role of Chairman of its operating company, Newmark & Company Real Estate, Inc, following Howard Lutnick’s confirmation as 41st United States Secretary of Commerce. Stephen Merkel was named Newmark’s Chairman of the Board of Directors. Kyle Lutnick also joined as a member of the Board.
In April 2025, Luis Alvarado assumed the role of Chief Operating Officer.
== Acquisitions History == Over the past decade, Newmark and its parent company BGC Partners, Inc. have expanded real estate services and geographic reach through the acquisition of companies in the United States and internationally. Newmark has acquired more than 55 companies since 2011.<ref>{{Cite web |title=Newmark - Newmark Group, Inc. Reports Second Quarter 2022 Financial Results |url=https://ir.nmrk.com/investors/events-and-presentations/event-details/2022/Newmark-Group-Inc-Reports-Second-Quarter-2022-Financial-Results/default.aspx |access-date=2022-08-08 |website=ir.nmrk.com}}</ref>
'''2012''' * BGC Partners acquired the assets of commercial real estate brokerage Grubb & Ellis Company, merging it with Newmark to create Newmark Grubb Knight Frank (NGKF).<ref>{{cite web |last=Vincent |first=Roger |date=2012-02-22 |title=Grubb & Ellis agrees to sale |url=https://www.latimes.com/archives/la-xpm-2012-feb-22-la-fi-grubb-ellis-bankruptcy-20120222-story.html |access-date=2022-02-23 |website=Los Angeles Times}}</ref>
* BGC Partners acquired Denver-based Frederick Ross, a firm specializing in real estate brokerage, consultancy, advisory and investment services,<ref>{{cite web |last=Huspeni |first=Dennis |date=2013-01-02 |title=BGC buys out Frederick Ross Co. |url=https://www.bizjournals.com/denver/news/2013/01/02/bgc-buys-out-frederick-ross-co.html |access-date=2022-02-18 |website=Denver Business Journal}}</ref> and Philadelphia-based Smith Mack, expanding Newmark’s brokerage and advisory services in Pennsylvania, Delaware and New Jersey.<ref>{{cite web |date=2013-03-25 |title=Newmark Grubb Knight Frank Parent, BGC Partners, Inc., acquires Smith Mack and Frederick Ross Company |url=https://nyrej.com/newmark-grubb-knight-frank-parent-bgc-partners-inc-acquires-smith-mack-and-frederick-ross-company |access-date=2022-02-18 |website=NYRej}}</ref>
'''2014''' * Newmark acquired commercial services firm Cornish & Carey Commercial, based in northern California.<ref>{{cite web |last=Donato-Weinstein |first=Nathan |date=2014-08-14 |title=It's final: Cornish & Carey is now part of Newmark Grubb Knight Frank |url=https://www.bizjournals.com/sanjose/news/2014/08/14/its-final-cornish-carey-is-now-part-of-newmark.html |access-date=2022-03-12 |website=Silicon Valley Business Journal}}</ref><ref>{{cite news |last=Slatin |first=Peter |date=2014-01-27 |title=Newmark CEO Bullish in Davos |language=en-US |work=The Wall Street Journal |url=https://online.wsj.com/article/SB10001424052702303553204579345050366847192.html |access-date=2022-03-30 |issn=0099-9660}}</ref> Also in 2014, BCG Partners, Inc. acquired Apartment Realty Advisors, one of the largest apartment building brokers in the U.S., for roughly $110 million.<ref>{{cite news |last=Grant |first=Peter |date=2014-12-08 |title=Newmark Grubb Knight Frank Gets Sales Boost |language=en-US |work=The Wall Street Journal |url=https://online.wsj.com/articles/newmark-grubb-knight-frank-gets-sales-boost-1418003580 |access-date=2022-03-30 |issn=0099-9660}}</ref>
'''2015''' * BGC Partners, Inc. acquired real estate consulting firm Computerized Facility Integration, LLC,<ref>{{cite web |date=2015-05-05 |title=BGC Partners acquires real estate consulting firm CFI |url=https://www.reuters.com/article/us-cfi-m-a-bgc-partners/bgc-partners-acquires-real-estate-consulting-firm-cfi-idUKKBN0NQ26H20150505 |access-date=2022-03-14 |publisher=Reuters}}</ref> Excess Space Retail Services Inc.,<ref>{{cite web |last=Baltic |first=Scott |date=2015-05-19 |title=NGKF's Newest Acquisition |url=https://www.commercialsearch.com/news/ngkf-parent-to-buy-excess-space-retail-services/ |access-date=2022-03-18 |website=Commercial Search}}</ref> Also in 2015, Newmark acquired Cincinnati Commercial Real Estate, a commercial real estate firm in Cincinnati, Ohio,<ref>{{cite web |last=Demeropolis |first=Tom |date=2015-12-24 |title=One of the world's largest commercial real estate firms enters Cincinnati |url=https://www.bizjournals.com/cincinnati/news/2015/12/24/exclusive-one-of-the-world-s-largest-commercial.html |access-date=2022-03-18 |website=Cincinnati Business Courier}}</ref> and Steffner Commercial Real Estate, which operated as Newmark Grubb Memphis.<ref>{{cite web |last=Nichols |first=Meagan |date=2016-01-08 |title=Newmark Grubb Memphis acquired by global firm |url=https://www.bizjournals.com/memphis/news/2016/01/08/newmark-grubb-memphis-acquired-by-global-firm.html |access-date=2022-02-18 |website=Memphis Business Journal}}</ref> The Steffner Commercial Real Estate acquisition was part of Newmark's Mid-South growth plan for Tennessee, Kentucky, Mississippi, Alabama, Arkansas and Louisiana.
'''2016''' * Newmark acquired San Francisco–based CRE Group, a project management and construction management firm with a strong regional presence.<ref>{{cite web |last=Truong |first=Kevin |date=2016-06-20 |title=Newmark Grubb Knight Frank acquires CRE Group Inc. |url=https://www.bizjournals.com/sanfrancisco/blog/2016/06/newark-grubb-knight-frank-acquires-cre-group.html |access-date=2022-02-18 |website=San Francisco Business Times}}</ref> Also in 2016, Newmark acquired two companies in the multifamily sector: Rudesill-Para Multifamily, a brokerage firm in Tennessee,<ref>{{cite web |last=Nichols |first=Meagan |date=2016-03-17 |title=Newmark Grubb Knight Frank buys Memphis company |url=https://www.bizjournals.com/memphis/news/2016/03/17/newmark-grubb-knight-frank-buys-memphis-company.html |access-date=2022-02-18 |website=Memphis Business Journal}}</ref> and Walchle Lear, a brokerage firm based in Florida.<ref>{{cite web |last=Gilliam |first=Derek |date=2017-01-03 |title=Jacksonville multifamily firm acquired by Newmark Grubb Knight Frank |url=https://www.bizjournals.com/jacksonville/news/2017/01/03/jacksonville-multifamily-firm-acquired-by-newmark.html |access-date=2022-02-18 |website=Jacksonville Business Journal}}</ref>
'''2017''' * Newmark acquired Regency Capital Partners (RCP), a real estate capital advisory firm headquartered in San Francisco, California. RCP is known for financing for clients with extensive experience in joint ventures, construction debt and permanent financings across all property types, with a specific focus on structured debt and equity for large-scale office and multifamily developments.<ref>{{cite web |last=Brown |first=Lisa |date=2017-02-16 |title=Capital Advisory Business Bolsters Capital Markets Platform |url=https://www.globest.com/sites/lisabrown/2017/02/16/capital-advisory-business-bolsters-capital-markets-platform/ |access-date=2022-02-18 |website=GlobeSt}}</ref> Also in 2017, Newmark’s parent company BGC Partners, Inc. acquired multi-family lending provider Berkeley Point Financial LLC from financial services firm Cantor Fitzgerald for $875 million.<ref>{{Cite news |date=2017-07-18 |title=BGC Partners to buy Berkeley Point Financial for $875 million |publisher=Reuters |url=https://www.reuters.com/article/us-berkeley-point-financial-m-a-bgc-part-idUSKBN1A30GP |access-date=2022-03-30}}</ref><ref>{{cite web |last=Bubny |first=Paul |date=2017-08-03 |title=Berkeley Point Deal Has Built-In Synergies with NKF |url=https://www.globest.com/sites/paulbubny/2017/08/03/berkeley-point-deal-has-built-in-synergies-with-nkf/ |access-date=2022-03-12 |website=GlobeSt}}</ref>
'''2018''' * Newmark acquired corporate tenant representation real estate agency Jackson & Cooksey, based in Dallas, Texas,<ref>{{cite web |last=Morphy |first=Erika |date=2018-06-29 |title=Newmark Is Buying Corporate Tenant Advisory Firm Jackson Cooksey |url=https://www.globest.com/2018/06/29/newmark-is-buying-corporate-tenant-advisory-firm-jackson-cooksey/ |access-date=2022-03-12 |website=GlobeSt}}</ref><ref>{{cite web |last=Kezar |first=Korri |date=2019-06-29 |title=Dallas commercial brokerage acquired by New York real estate advisory firm |url=https://www.bizjournals.com/dallas/news/2018/06/29/dallas-commercial-brokerage-acquired-by-new-york.html |access-date=2022-03-12 |website=Dallas Business Journal}}</ref> and retail brokerage company RKF.<ref>{{cite web |last=Gross |first=Max |date=2018-05-29 |title=Newmark Acquiring RKF for Undisclosed Price |url=https://commercialobserver.com/2018/05/newmark-acquires-rkf-for-undisclosed-price/ |access-date=2022-02-18 |website=Commercial Observer |language=en-US}}</ref>
'''2019''' * In 2019, Newmark expanded its presence in the United Kingdom with the acquisition of Harper Dennis Hobbs, a retail real estate advisory firm based in London.<ref>{{cite web |last=McClary |first=Samantha |date=2019-12-20 |title=Harper Dennis Hobbs bought by US giant |url=https://www.egi.co.uk/news/harper-dennis-hobbs-bought-by-us-giant/ |access-date=2022-03-22 |website=EG Radius |language=en-US}}</ref><ref>{{cite web |last=Brown |first=Mariah |date=2019-12-20 |title=Newmark Group Acquires Retail Firm Harper Dennis Hobbs |url=https://www.globest.com/2019/12/20/newmark-group-acquires-retail-firm-harper-dennis-hobbs/ |access-date=2022-03-22 |website=GlobeSt |language=en-US}}</ref> * Also in 2019, Newmark acquired MiT National Land Services, a national title agency based in New York.<ref>{{cite web |date=2019-04-01 |title=MiT acquired by Newmark Knight Frank|url=https://www.thetitlereport.com/Articles/MiT-acquired-by-Newmark-Knight-Frank-75030.aspx |access-date=2025-05-15 |website=The Title Report |language=en-US}}</ref>
'''2020''' * Newmark acquires Hopkins Appraisal Services
'''2021''' * Newmark acquired two companies in the flexible office space: flexible workspace platform Knotel in March<ref>{{cite web |date=2021-03-19 |title=Newmark Acquisition of Knotel Is Approved |url=https://therealdeal.com/national/2021/03/19/newmarks-acquisition-of-knotel-is-approved/ |access-date=2022-03-30 |website=The Real Deal National |language=en-US}}</ref><ref>{{cite web |last=Dyton |first=Joe |date=2021-03-25 |title=Court approves Newmark's acquisition of Knotel |url=https://connectedremag.com/real-estate-news/cre/coworking/court-approves-newmarks-acquisition-of-knotel/ |access-date=2022-02-28 |website=Connected Real Estate Magazine |language=en-US}}</ref> and Paris-based Deskeo in October.<ref>{{cite web |last=Shaikh |first=Niloofer |title=Newmark acquires majority stake of the start-up Space Management, Deskeo {{!}} Seeking Alpha |url=https://seekingalpha.com/news/3747885-newmark-acquires-majority-stake-of-the-start-up-space-management-deskeo |access-date=2022-03-18 |website=seekingalpha.com}}</ref> The Deskeo acquisition added over 50 locations to Newmark's international flexible office portfolio.
'''2022''' * Newmark acquired London-based real estate advisory firm BH2<ref>{{Cite web |title=New York's Newmark Acquires Top London CRE Boutique BH2 |url=https://www.connectcre.com/stories/new-yorks-newmark-acquires-top-london-cre-boutique-bh2/ |access-date=2022-06-17 |website=Connect CRE |language=en-US}}</ref><ref>{{Cite web |title=Newmark acquires London real estate advisory firm {{!}} Seeking Alpha |url=https://seekingalpha.com/news/3820427-newmark-acquires-london-real-estate-advisory-firm |access-date=2022-06-17 |website=seekingalpha.com |language=en}}</ref> and North American retail real estate advisory firms Open Realty Advisors and Open Realty Properties.<ref>{{Cite web |last1=May 03 |first1=Ingrid Tunberg {{!}} |last2=PM |first2=2022 at 04:54 |title=Newmark Acquires Retail Advisory Business, Open Realty |url=https://www.globest.com/2022/05/03/newmark-acquires-open-realty/ |access-date=2022-06-17 |website=GlobeSt |language=en}}</ref><ref>{{Cite web |title=Newmark acquires North American retail advisory business, Open Realty (NASDAQ:NMRK) {{!}} Seeking Alpha |url=https://seekingalpha.com/news/3831226-newmark-acquires-north-american-retail-advisory-business-open-realty |access-date=2022-06-17 |website=seekingalpha.com |language=en}}</ref> Also in 2022, Newmark acquired McCall & Almy, a Boston brokerage firm focused on tenant representation.<ref>{{Cite web |title=Newmark Acquires Boston Brokerage Firm McCall & Almy |url=https://www.bisnow.com/boston/news/commercial-real-estate/newmark-acquires-boston-brokerage-firm-mccall-almy-112543 |access-date=2022-06-17 |website=Bisnow |language=en}}</ref> McCall & Almy’s longtime clients include Harvard University, Bose and Partners HealthCare System.<ref>{{Cite web |date=2022-04-11 |title=Newmark Acquires McCall & Almy |url=https://www.commercialsearch.com/news/newmark-acquires-mccall-almy/ |access-date=2022-06-17 |website=Commercial Property Executive |language=en-US}}</ref>
'''2023''' * It is announced that Newmark Group has acquired Gerald Eve in a deal which follows the acquisitions of investment sales and leasing advisory firms BH2 and Harper Dennis Hobbs in the UK and Paris-based flexible office subsidiary Deskeo in 2022.<ref>{{cite news |last=Strohm |first=Paul |url=https://realassetinsight.com/2023/03/13/gerald-eve-joins-bh2-and-hdh-in-us-firm-newmarks-stable/ |title=Gerald Eve joins BH2 and HDH in US firm Newmark's stable |work=Real Asset Insight |date=2023-03-13 |accessdate=2023-03-25 }}</ref>
== Awards and recognition == In 2025, Newmark ranked as the #1 Top Mortgage Banking and Brokerage by Commercial Property Executive and Multi-Housing News.<ref>{{cite web |date=2025-02-03 |title=2025 Top Commercial Mortgage Banking and Brokerage Firms|url=https://www.commercialsearch.com/news/top-commercial-mortgage-lenders-and-brokerage-firms/ |access-date=2025-05-15 |website=Commercial Property Executive |language=en-US}}</ref>
In 2024, Newmark was named as a Best Place to Work by GlobeSt.<ref>{{cite web |date=2024-04-02 |title=CRE's Best Places to Work of 2024|url=https://www.globest.com/2024/04/02/cres-best-places-to-work-of-2024/ |access-date=2025-05-15 |website=GlobeSt |language=en-US}}</ref> It was also awarded World’s Best Real Estate Consultant by Euromoney.<ref>{{cite web |date=2024-11-19 |title=The world’s best real estate consultant: Newmark|url=https://www.euromoney.com/article/2dyikpqkz16nkx3ykh535/awards/real-estate-awards/the-worlds-best-real-estate-consultant-newmark/ |access-date=2025-05-15 |website=GlobeSt |language=en-US}}</ref>
In 2023, Commercial Property Executive named Newmark third in its annual Top Commercial Real Estate Brokerage Firms ranking, following CBRE and Cushman & Wakefield.<ref>{{cite web |date=2021-06-03 |title=2021 Top Commercial Real Estate Brokerage Firms |url=https://www.commercialsearch.com/news/2021-most-powerful-brokerage-firms/ |access-date=2022-04-07 |website=Commercial Property Executive |language=en-US}}</ref>
Real Capital Analytics named Newmark the 3rd largest investment broker in the Americas in 2020 based on sell-side investment sales activity.<ref>{{cite web |date=2021-03-16 |title=RCA Names Top Global Commercial Property Brokers for 2020 |url=https://www.rcanalytics.com/2020-global-broker-rankings |access-date=2022-04-07 |website=Real Capital Analytics, Inc. |language=en-US}}</ref>
==Controversies== In 2022, Newmark commercial real estate agents were sued by a client after they drastically mispriced an asset in a deal they brokered. The property, once owned by OCA - Asian Pacific American Advocates, a Washington, D.C.–based non-profit, was sold for $4.4 million. Four months later, the buyer resold the asset for a 30% increase. The non-profit claimed that it did not receive the full price for its property because of errors made by Newmark's agents.<ref name=bisnow>{{cite news |last=Banister |first= Jon |date=March 9, 2022 |title= Asian American Organization Sues Newmark For $5.3M Over D.C. Property Sale|url=https://www.bisnow.com/washington-dc/news/office/chinese-american-organization-sues-newmark-for-53m-over-dc-property-sale-112186 |work=Bisnow |access-date=March 9, 2022}}</ref>
In 2018, the company was sued by an administrative assistant over sexual harassment claims. While working in the firm, she alleged suffering repeated sexual advances, which she rebuffed. She further claimed that when she raised the issue to human resources, she was terminated. In a statement, a Newmark spokesperson said "we have thoroughly investigated allegations made by a former employee and have determined them to be baseless."<ref name=realdeal.harrassment>{{cite news |last=Brenzel |first=Kathryn |date=July 13, 2018 |title=NKF broker accused of sexual harassment by fired administrative assistant|url=https://therealdeal.com/2018/07/13/newmark-knight-frank-broker-accused-of-sexual-harassment-by-fired-administrative-assistant/ |work=The Real Deal |access-date=March 9, 2022}}</ref>
In 2017, a Newmark executive, Mike Arnold, was sued for sexual harassment. Arnold's lawyers sought disclosure of the victim's real name and dismissal of the case on procedural grounds. The victim claimed she was ogled and stalked, among other sexual harassment.<ref name=realdeal.harrassment2>{{cite news |last=Clarke |first=Katherine|date=July 13, 2018|title=Former Newmark Knight Frank exec Mike Arnold wants his sexual harassment accuser unmasked|url=https://therealdeal.com/la/2017/07/13/former-newmark-knight-frank-exec-mike-arnold-wants-his-sexual-harassment-accuser-unmasked/ |work=The Real Deal |access-date=March 9, 2022}}</ref>
== See also == * CBRE Group * JLL (company) * Cushman & Wakefield
==References== {{reflist}}
==External links== *{{Official website|https://www.nmrk.com/}}
{{Finance links | name = Newmark Group Inc. | symbol = NMRK | reuters = NMRK.O | bloomberg = NMRK:US | sec_cik = NMRK | yahoo = NMRK | google = NMRK }}
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{{DEFAULTSORT:Newmark Knight Frank}} Category:Real estate companies established in 1929 Category:Real estate services companies of the United States Category:Companies listed on the Nasdaq Category:Companies based in New York City Category:2011 mergers and acquisitions Category:2017 initial public offerings Category:Corporate spin-offs