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Description
Newmark Group is an American company and a major commercial real estate advisory firm. It operates by Newmark and is listed on the NASDAQ Global Select Market under the symbol "NMRK".
History
Newmark was founded as a commercial real estate services firm in Manhattan in 1929. NKF's fully integrated platform of services provides clients with a single-source solution for every phase of owning or occupying a property.
In 2000, Newmark embarked upon a national expansion. In 2001, they invested in family-owned national appraiser Koeppel Tener Real Estate Services, founded by Alfred J. Koeppel and in 2006 formed a partnership with London-headquartered Knight Frank, creating an international commercial real estate company, Newmark Knight Frank.
In October 2011, Newmark Knight Frank became a part of BGC Partners, Inc (NASDAQ:BGCP), a brokerage company primarily servicing the wholesale financial markets.
In April 2012, BGC Partners bought commercial real estate firm, Grubb & Ellis, founded in 1958 by Donald Sr. & John Grubb & Harold Ellis, to form Newmark Grubb Knight Frank.
In October 2020, Newmark Knight Frank became Newmark.
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 reports.
