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

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

Certainly one of North America’s Largest Regional Commercial Real Estate companies To Join the NGKF Family As Newmark Cornish & Carey

New York (January 21, 2014) – Newmark Grubb Knight Frank (“NGKF” or “Newmark”), one of the biggest commercial real-estate service businesses into the U.S., and section of BGC Partners, Inc. (NASDAQ BGCP) (“BGC Partners” or “BGC”), announced today BGC’s agreement to get Cornish & Carey Commercial (“Cornish & Carey”). With around $135 million in revenues in 2012 and over 275 brokers, Cornish & Carey is Northern California’s preeminent full-service commercial real-estate company. Financial details of the deal weren’t disclosed. BGC expects the transaction is accretive upon closing immediately. The transaction is expected to be completed by the midst of 2014.

Cornish & Carey is the force that is dominant Northern Ca and Silicon Valley real-estate since 1935, and notably bolstered its place on the market when it partnered with NGKF this year.

NGKF CEO Barry M. Gosin stated, “Our partnership with Cornish & Carey happens to be tremendously effective. We’ve got an even greater power to offer consumers within the important Northern California marketplace the entire array of NGKF’s services including website selection, leasing advisory, facilities management, home administration, task management, investment sales, international corporate solutions, and valuation amongst others. a primary motorist of NGKF’s growth is acquiring talent that is spectacular key markets.

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