Whether you're talking cubicle cities or corner offices, Newmark & Company Real Estate (dba Newmark Grubb Knight Frank, or NGKF) makes its mark on commercial real estate. As one of the world's top commercial real estate advisory firms, it provides property brokerage, development, and management services to investors, corporations, and property owners. Newmark also offers facility management services, overseeing a portfolio of properties across the globe. Together with its London-based partner Knight Frank, NGKF operates more than 370 offices across six continents. NGKF comprises parent company BGC Partners' Real Estate Services segment, which made up 40% of the parent company's total revenue in 2014.
NGKF manages a broad range of properties, including headquarters, facilities and office space, for a wide range of companies. It manages the day-to-day operations and maintenance for urban and suburban commercial properties of most types, including office, industrial, data centers, healthcare, retail, call centers, urban towers, suburban campuses, and landmark buildings.
Property management services include building operations and maintenance, leasing, vendor and contract negotiation, project oversight and value engineering, labor relations, property inspection/quality control, property accounting and financial reporting, cash flow analysis, financial modeling, lease administration, due diligence, and exit strategies. Newmark's facilities management services also include facility audits and reviews, energy management services, janitorial services, mechanical services, bill payment, maintenance, project management, and moving management.
Its affiliates include Cantor Fitzgerald, CCRE-Cantor Commercial Real Estate, and Cantor Gaming.
Sales and Marketing
NGKF serves clients across more than half a dozen sectors, including advertising and marketing, education, healthcare, media and entertainment, financial services, law firms, real estate, retail and food services, and technology and telecom sectors. It counts several big names among its list of clients, including AEG Live, Apollo Global Management, Deutsch, CBS Corporation, Cornell University, and AmTrust Realty Corporation.
As the Real Estate Services segment of BGC Partners, Newmark Grubb Knight Frank's revenue jumped 23% to $708.8 million during 2014 thanks to its acquisition of Cornish & Carey, stronger broker productivity, and favorable trends in sales and leasing in the US commercial real estate market.
The company is growing its business by adding new brokers, making technological improvements, and cultivating the company's relationships with clients in the US and abroad. It has also been growing its geographic reach and business lines by acquiring smaller real estate firms.
Mergers and Acquisitions
In January 2016, NGKF bought Memphis-based Steffner Commercial Real Estate (operating as Newmark Grubb Memphis), which was the "cornerstone" in NGKF's plan to grow across the Mid-South region of Tennessee, Kentucky, Mississippi, Alabama, Arkansas, and Louisiana.
December 2015, the real estate firm boosted its presence in the Midwest after it purchased Cincinnati Commercial Real Estate (CCR), which leases and invests in offices, industrial facilities, and retail space. The acquisition also added CCR's diversified client base of top Fortune 500 companies, institutions, and privately owned firms, while also supporting growth opportunities for NGKF's existing Ohio business in Cleveland and Columbus.
In August 2014, the company bought bought Cornish & Carey Commercial, Inc., the leading full-service commercial real estate services company in the San Francisco Bay area and Silicon Valley. The company believes that this is a key strategic addition for Newmark in the key Northern California market.
In early 2013, it acquired commercial real estate developer Frederick Ross and brokerage Smith Mack.
In 2012 BCG Partners acquired most of the assets of bankrupt Grubb & Ellis and combined it with Newmark to launch the Newmark Grubb Knight Frank platform.
In 2011 BGC Partners acquired the Newmark and subsequently integrated Grubb & Ellis with Newmark Knight Frank to form the resulting brand, Newmark Grubb Knight Frank. The full-service commercial real estate platform offers commercial real estate tenants, owners, investors and developers a wide range of services, including leasing and corporate advisory services, investment sales and financial services, consulting, project and development management, and property and facilities management.
Founded in 1929, Newmark joined with UK's Knight Frank to create Newmark Knight Frank in 2006.