BGC’s Newmark Grubb Knight Frank (NGKF) To Get Cornish & Carey Commercial, Northern California’s Premier Commercial Real Estate Company

BGC’s Newmark Grubb Knight Frank (NGKF) To Get Cornish & Carey Commercial, Northern California’s Premier Commercial Real Estate Company

One of North America’s Largest Regional Commercial Real Estate Firms To become listed on the NGKF Family As Newmark Cornish & Carey

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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 420 dating. We’ve got an 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. Scott Carey, carrying on the family that is firm’s, remains Chairman and General Counsel.

Mr. Seufferlein said, “Cornish & Carey is a trusted title among choice makers in technology, life sciences, finance along with other sectors in Northern California and Silicon Valley. As Newmark Cornish & Carey, our consumers will gain extremely from the exemplary breadth of services that NGKF offers globally.”

“This is an time that is exciting our firm, our consumers and our brokers,” Mr. Seufferlein included. “Cornish & Carey originally partnered with NGKF because we recognized the value in joining forces having a firm who has built both a principal ny existence and considerable international reach. Our effective partnership with NGKF, BGC’s balance that is strong, and BGC’s and NGKF’s outstanding relationships with top-tier corporations and financial institutions, are compelling reasons to join together. The resources to take a position and grow, along with the unparalleled expertise and opportunity that exists across NGKF, BGC and its affiliated companies, are unrivaled on the market.”

Mr. Gosin added, “Coupled with NGKF’s strong Southern Ca presence, this union solidifies our ability to offer an unequaled scope of services through the entire state and underscores our commitment to supplying exemplary resources towards the commercial housing market shore to coast.”

Newmark Cornish & Carey offices are found in Emeryville, Hayward, Marin, Palo Alto, Pleasanton, Roseville, Sacramento, san francisco bay area, San Mateo, Santa Clara, Santa Rosa and Walnut Creek. Its full selection of services includes tenant and landlord representation, investment sales, finance, global corporate services, and home and facilities administration, complementing NGKF’s outstanding global services business plus the unparalleled capital areas abilities through BGC’s relationships with Cantor Fitzgerald and Cantor Commercial property (CCRE).

About Newmark Grubb Knight Frank Newmark Grubb Knight Frank is among the world’s leading commercial estate that is real organizations. As well as London-based partner Knight Frank and independently-owned workplaces, NGKF’s 12,000 specialists operate from significantly more than 320 offices in founded and property that is emerging on five continents.

With origins dating back in to 1929, NGKF’s strong foundation helps it be the most trusted names in commercial real estate. NGKF’s platform that is full-service BGC’s property solutions segment, providing commercial real-estate renters, landlords, investors and developers a wide range of services including renting; money areas solutions, including investment sales, debt placement, appraisal, and valuation services; commercial home loan brokerage solutions; along with corporate advisory services, consulting, project and development management, and home and business facilities management services. For further information, check out ngkf .

NGKF is just a part of BGC Partners, Inc. (NASDAQ BGCP), a leading worldwide brokerage business mainly servicing the wholesale economic and real estate markets. For further information, see bgcpartners .

Discussion of Forward-L king Statements by BGC Partners Statements in this document BGC that is regarding partners business that are not historical truth is “forward-l king statements” that involve risks and uncertainties. Except as needed by law, BGC undertakes no responsibility to release any revisions to virtually any statements that are forward-l king. For the conversation of extra risks and uncertainties, which may cause real results to vary from those contained in the forward-l king statements, see BGC’s Securities and Exchange Commission filings, including, although not limited to, the risk factors established within our general public filings, including our many recent Form 10-K and any updates to such risk factors contained in subsequent kind 10-Q or Form 8-K filings. These risks include those regarding the Cornish & Carey transaction, which is at the mercy of certain closing that is customary, doesn’t shut in a timely manner or at all.



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