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<li id="toc-Early_years" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Early_years"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.1</span> <span>Early years</span> </div> </a> <ul id="toc-Early_years-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-2001_to_present" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#2001_to_present"> <div class="vector-toc-text"> <span class="vector-toc-numb">1.2</span> <span>2001 to present</span> </div> </a> <ul id="toc-2001_to_present-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-Acquisitions_History" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Acquisitions_History"> <div class="vector-toc-text"> <span class="vector-toc-numb">2</span> <span>Acquisitions History</span> </div> </a> <ul id="toc-Acquisitions_History-sublist" class="vector-toc-list"> </ul> </li> <li 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.infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><style data-mw-deduplicate="TemplateStyles:r1242257876">.mw-parser-output .ib-company .infobox-label{padding-right:0.5em}.mw-parser-output .ib-company .infobox-data,.mw-parser-output .ib-company .infobox-below{line-height:1.35em}.mw-parser-output .ib-company-logo img{background-color:#f8f9fa}.mw-parser-output .ib-company-locality,.mw-parser-output .ib-company-country{display:inline}</style><table class="infobox ib-company vcard"><caption class="infobox-title fn org">Newmark Group Inc.</caption><tbody><tr><td colspan="2" class="infobox-image ib-company-logo logo"><span class="mw-default-size" typeof="mw:File/Frameless"><a href="/wiki/File:Newmark_Group_Logo.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/2/28/Newmark_Group_Logo.svg/220px-Newmark_Group_Logo.svg.png" decoding="async" width="220" height="34" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/2/28/Newmark_Group_Logo.svg/330px-Newmark_Group_Logo.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/2/28/Newmark_Group_Logo.svg/440px-Newmark_Group_Logo.svg.png 2x" data-file-width="512" data-file-height="80" /></a></span></td></tr><tr><th scope="row" class="infobox-label">Company type</th><td class="infobox-data category"><a href="/wiki/Public_company" title="Public company">Public</a></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Ticker_symbol" title="Ticker symbol">Traded as</a></div></th><td class="infobox-data"><a href="/wiki/Nasdaq" title="Nasdaq">Nasdaq</a>: <a rel="nofollow" class="external text" href="https://www.nasdaq.com/market-activity/stocks/nmrk">NMRK</a> (Class A)<br /><a href="/wiki/Russell_2000_Index" title="Russell 2000 Index">Russell 2000 Index</a> component</td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/International_Securities_Identification_Number" title="International Securities Identification Number">ISIN</a></th><td class="infobox-data">US65158N1028</td></tr><tr><th scope="row" class="infobox-label">Industry</th><td class="infobox-data category"><a href="/wiki/Real_estate" title="Real estate">Real estate</a></td></tr><tr><th scope="row" class="infobox-label">Founded</th><td class="infobox-data">1929<span class="noprint">; 95 years ago</span><span style="display:none"> (<span class="bday dtstart published updated">1929</span>)</span></td></tr><tr><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data label"><a href="/wiki/Pershing_Square_Building" title="Pershing Square Building">125 Park Avenue</a><br />New York City, U.S.</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Number of locations</div></th><td class="infobox-data">170 (2022)</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Key people</div></th><td class="infobox-data agent"><a href="/wiki/Jeffrey_Gural" title="Jeffrey Gural">Jeffrey Gural</a>, Chairman Emeritus<br /><a href="/wiki/Howard_Lutnick" title="Howard Lutnick">Howard Lutnick</a> (<a href="/wiki/Chairman" class="mw-redirect" title="Chairman">chairman</a>)<br /><a href="/w/index.php?title=Barry_M._Gosin&action=edit&redlink=1" class="new" title="Barry M. Gosin (page does not exist)">Barry M. Gosin</a> (<a href="/wiki/Chief_executive_officer" title="Chief executive officer">CEO</a>)<br /> <a href="/w/index.php?title=James_D._Kuhn&action=edit&redlink=1" class="new" title="James D. Kuhn (page does not exist)">James D. Kuhn</a> (<a href="/wiki/President_(corporate_title)" title="President (corporate title)">president</a>)</td></tr><tr><th scope="row" class="infobox-label">Services</th><td class="infobox-data category">Capital Markets<br />Global Corporate Services<br />Industrial and Logistics Services<br />Landlord Representation<br />Property Management<br />Retail Services<br />Tenant Representation<br />Valuation & Advisory</td></tr><tr><th scope="row" class="infobox-label">Revenue</th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> $2.9 billion (2021)</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Number of employees</div></th><td class="infobox-data">6,500+ (2022)</td></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><span class="url"><a rel="nofollow" class="external text" href="http://nmrk.com">nmrk<wbr />.com</a></span></td></tr></tbody></table> <p><b>Newmark Group Inc.</b> is a <a href="/wiki/Commercial_real_estate" class="mw-redirect" title="Commercial real estate">commercial real estate</a> advisory and services firm headquartered in New York City. It operates as <i>Newmark</i>, and is listed on the NASDAQ Global Select Market under the symbol "NMRK".<sup id="cite_ref-1" class="reference"><a href="#cite_note-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup> </p><p>The company鈥檚 services include Capital Markets, Global Corporate Services, Industrial and Logistics Services, Landlord Representation, Property Management, Retail Services, Tenant Representation and Valuation & Advisory.<sup id="cite_ref-2" class="reference"><a href="#cite_note-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> According to Real Capital Analytics, Newmark was the third-largest investment broker in the Americas in 2020 measured by sell-side investment sales activity.<sup id="cite_ref-3" class="reference"><a href="#cite_note-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup> In its 鈥楾op 15 Most Powerful Brokerage Firms of 2021, Commercial Property Executive ranked Newmark 3rd.<sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup> </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="History">History</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Newmark_Group&action=edit&section=1" title="Edit section: History"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <div class="mw-heading mw-heading3"><h3 id="Early_years">Early years</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Newmark_Group&action=edit&section=2" title="Edit section: Early years"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Newmark was founded in 1929<sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-6" class="reference"><a href="#cite_note-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> in Manhattan by Dave Newmark.<sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup> </p><p>In 1953, <a href="/wiki/Aaron_Gural" title="Aaron Gural">Aaron Gural</a> joined Newmark & Company as a real estate broker, later purchasing the company in 1956 with partners.<sup id="cite_ref-9" class="reference"><a href="#cite_note-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-10" class="reference"><a href="#cite_note-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> Gural served as Chairman of Newmark & Company from 1957 to 1998. </p><p>Under Gural's leadership, Newmark began acquiring properties throughout Manhattan starting with 230 Fifth Avenue.<sup id="cite_ref-11" class="reference"><a href="#cite_note-11"><span class="cite-bracket">[</span>11<span class="cite-bracket">]</span></a></sup> 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.<sup id="cite_ref-12" class="reference"><a href="#cite_note-12"><span class="cite-bracket">[</span>12<span class="cite-bracket">]</span></a></sup> 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 <a href="/wiki/Garment_District,_Manhattan" title="Garment District, Manhattan">Garment District</a>.<sup id="cite_ref-13" class="reference"><a href="#cite_note-13"><span class="cite-bracket">[</span>13<span class="cite-bracket">]</span></a></sup> </p><p>In 1978, Aaron Gural's son, <a href="/wiki/Jeffrey_Gural" title="Jeffrey Gural">Jeffrey Gural</a>, and Barry Gosin took ownership of the company.<sup id="cite_ref-14" class="reference"><a href="#cite_note-14"><span class="cite-bracket">[</span>14<span class="cite-bracket">]</span></a></sup> </p><p>Throughout the late 1980s, in response to a lull in New York City's real estate market, Gosin began building Newmark鈥檚 brokerage and advisory division.<sup id="cite_ref-15" class="reference"><a href="#cite_note-15"><span class="cite-bracket">[</span>15<span class="cite-bracket">]</span></a></sup> Gosin would later tell <i>The New York Times</i> 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. </p><p>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.<sup id="cite_ref-16" class="reference"><a href="#cite_note-16"><span class="cite-bracket">[</span>16<span class="cite-bracket">]</span></a></sup> </p><p>Throughout the 1990s, Newmark continued to expand its property holdings, including through the purchase of New York's Flatiron Building beginning in 1997.<sup id="cite_ref-17" class="reference"><a href="#cite_note-17"><span class="cite-bracket">[</span>17<span class="cite-bracket">]</span></a></sup> In the late 1990s, the firm grew beyond its basic leasing and management operation by expanding its corporate services division.<sup id="cite_ref-18" class="reference"><a href="#cite_note-18"><span class="cite-bracket">[</span>18<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="2001_to_present">2001 to present</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Newmark_Group&action=edit&section=3" title="Edit section: 2001 to present"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 2001, Newmark invested in national appraiser Koeppel Tener Real Estate Services, founded by <a href="/wiki/Alfred_J._Koeppel" title="Alfred J. Koeppel">Alfred J. Koeppel</a>.<sup id="cite_ref-19" class="reference"><a href="#cite_note-19"><span class="cite-bracket">[</span>19<span class="cite-bracket">]</span></a></sup> In 2006, Newmark formed a partnership with London-based real estate firm <a href="/wiki/Knight_Frank" title="Knight Frank">Knight Frank</a> becoming Newmark Knight Frank. </p><p>In October 2011, <a href="/wiki/BGC_Partners" class="mw-redirect" title="BGC Partners">BGC Partners, Inc.</a>, an American global financial services company based in New York City, acquired Newmark.<sup id="cite_ref-20" class="reference"><a href="#cite_note-20"><span class="cite-bracket">[</span>20<span class="cite-bracket">]</span></a></sup> With the acquisition, <a href="/wiki/Howard_Lutnick" title="Howard Lutnick">Howard W. Lutnick</a>, 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. </p><p>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).<sup id="cite_ref-21" class="reference"><a href="#cite_note-21"><span class="cite-bracket">[</span>21<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-22" class="reference"><a href="#cite_note-22"><span class="cite-bracket">[</span>22<span class="cite-bracket">]</span></a></sup> </p><p>Newmark announced an expansion in South America in 2014 through partnerships in Argentina, Brazil, Colombia, Chile and Peru.<sup id="cite_ref-23" class="reference"><a href="#cite_note-23"><span class="cite-bracket">[</span>23<span class="cite-bracket">]</span></a></sup> According to Newmark, the firm currently operates in Argentina, Brazil, Colombia, Costa Rica, Mexico, Panama, and Puerto Rico.<sup id="cite_ref-24" class="reference"><a href="#cite_note-24"><span class="cite-bracket">[</span>24<span class="cite-bracket">]</span></a></sup> </p><p>On December 15, 2017, Newmark listed on the Nasdaq stock exchange.<sup id="cite_ref-25" class="reference"><a href="#cite_note-25"><span class="cite-bracket">[</span>25<span class="cite-bracket">]</span></a></sup> </p><p>In October 2020, Newmark Knight Frank formally rebranded to Newmark.<sup id="cite_ref-26" class="reference"><a href="#cite_note-26"><span class="cite-bracket">[</span>26<span class="cite-bracket">]</span></a></sup> </p><p>On June 2, 2021, <i><a href="/wiki/The_Washington_Post" title="The Washington Post">The Washington Post</a></i> reported that <a href="/wiki/The_Trump_Organization" title="The Trump Organization">The Trump Organization</a> had hired Newmark to sell its lease to the <a href="/wiki/Trump_International_Hotel_(Washington_D.C.)" class="mw-redirect" title="Trump International Hotel (Washington D.C.)">Trump International Hotel</a> in <a href="/wiki/Washington,_D.C." title="Washington, D.C.">Washington, DC</a>. "A representative of Newmark Group declined to comment", the <i>Post</i> said. </p> <div class="mw-heading mw-heading2"><h2 id="Acquisitions_History">Acquisitions History</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Newmark_Group&action=edit&section=4" title="Edit section: Acquisitions History"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>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.<sup id="cite_ref-27" class="reference"><a href="#cite_note-27"><span class="cite-bracket">[</span>27<span class="cite-bracket">]</span></a></sup> </p><p><b>2012</b> </p> <ul><li>BGC Partners acquired the assets of commercial real estate brokerage Grubb & Ellis Company, merging it with Newmark to create Newmark Grubb Knight Frank (NGKF).<sup id="cite_ref-28" class="reference"><a href="#cite_note-28"><span class="cite-bracket">[</span>28<span class="cite-bracket">]</span></a></sup></li></ul> <ul><li>BGC Partners acquired Denver-based  Frederick Ross, a firm specializing in real estate brokerage, consultancy, advisory and investment services,<sup id="cite_ref-29" class="reference"><a href="#cite_note-29"><span class="cite-bracket">[</span>29<span class="cite-bracket">]</span></a></sup> and Philadelphia-based Smith Mack, expanding Newmark鈥檚 brokerage and advisory services in Pennsylvania, Delaware and New Jersey.<sup id="cite_ref-30" class="reference"><a href="#cite_note-30"><span class="cite-bracket">[</span>30<span class="cite-bracket">]</span></a></sup></li></ul> <p><b>2014</b> </p> <ul><li>Newmark acquired commercial services firm Cornish & Carey Commercial, based in northern California.<sup id="cite_ref-31" class="reference"><a href="#cite_note-31"><span class="cite-bracket">[</span>31<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-32" class="reference"><a href="#cite_note-32"><span class="cite-bracket">[</span>32<span class="cite-bracket">]</span></a></sup> 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.<sup id="cite_ref-33" class="reference"><a href="#cite_note-33"><span class="cite-bracket">[</span>33<span class="cite-bracket">]</span></a></sup>  </li></ul> <p><b>2015</b> </p> <ul><li>BGC Partners, Inc. acquired real estate consulting firm Computerized Facility Integration, LLC,<sup id="cite_ref-34" class="reference"><a href="#cite_note-34"><span class="cite-bracket">[</span>34<span class="cite-bracket">]</span></a></sup> Excess Space Retail Services Inc.,<sup id="cite_ref-35" class="reference"><a href="#cite_note-35"><span class="cite-bracket">[</span>35<span class="cite-bracket">]</span></a></sup> Also in 2015, Newmark acquired Cincinnati Commercial Real Estate, a commercial real estate firm in Cincinnati, Ohio,<sup id="cite_ref-36" class="reference"><a href="#cite_note-36"><span class="cite-bracket">[</span>36<span class="cite-bracket">]</span></a></sup> and Steffner Commercial Real Estate, which operated as Newmark Grubb Memphis.<sup id="cite_ref-37" class="reference"><a href="#cite_note-37"><span class="cite-bracket">[</span>37<span class="cite-bracket">]</span></a></sup> The Steffner Commercial Real Estate acquisition was part of Newmark's Mid-South growth plan for Tennessee, Kentucky, Mississippi, Alabama, Arkansas and Louisiana.</li></ul> <p><b>2016</b> </p> <ul><li>Newmark acquired San Francisco-based CRE Group, a project management and construction management firm with a strong regional presence.<sup id="cite_ref-38" class="reference"><a href="#cite_note-38"><span class="cite-bracket">[</span>38<span class="cite-bracket">]</span></a></sup> Also in 2016, Newmark acquired two companies in the multifamily sector: Rudesill-Para Multifamily, a brokerage firm in Tennessee,<sup id="cite_ref-39" class="reference"><a href="#cite_note-39"><span class="cite-bracket">[</span>39<span class="cite-bracket">]</span></a></sup> and Walchle Lear, a brokerage firm based in Florida.<sup id="cite_ref-40" class="reference"><a href="#cite_note-40"><span class="cite-bracket">[</span>40<span class="cite-bracket">]</span></a></sup></li></ul> <p><b>2017</b> </p> <ul><li>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.<sup id="cite_ref-41" class="reference"><a href="#cite_note-41"><span class="cite-bracket">[</span>41<span class="cite-bracket">]</span></a></sup>  Also in 2017, Newmark鈥檚 parent company BGC Partners, Inc. acquired multi-family lending provider Berkeley Point Financial LLC from financial services firm Cantor Fitzgerald for $875 million.<sup id="cite_ref-42" class="reference"><a href="#cite_note-42"><span class="cite-bracket">[</span>42<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-43" class="reference"><a href="#cite_note-43"><span class="cite-bracket">[</span>43<span class="cite-bracket">]</span></a></sup></li></ul> <p><b>2018</b> </p> <ul><li>Newmark acquired corporate tenant representation real estate agency Jackson & Cooksey, based in Dallas, Texas,<sup id="cite_ref-44" class="reference"><a href="#cite_note-44"><span class="cite-bracket">[</span>44<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-45" class="reference"><a href="#cite_note-45"><span class="cite-bracket">[</span>45<span class="cite-bracket">]</span></a></sup> and retail brokerage company RKF.<sup id="cite_ref-46" class="reference"><a href="#cite_note-46"><span class="cite-bracket">[</span>46<span class="cite-bracket">]</span></a></sup></li></ul> <p><b>2021</b> </p> <ul><li>Newmark acquired two companies in the flexible office space: flexible workspace platform Knotel in March<sup id="cite_ref-47" class="reference"><a href="#cite_note-47"><span class="cite-bracket">[</span>47<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-48" class="reference"><a href="#cite_note-48"><span class="cite-bracket">[</span>48<span class="cite-bracket">]</span></a></sup> and Paris-based Deskeo in October.<sup id="cite_ref-49" class="reference"><a href="#cite_note-49"><span class="cite-bracket">[</span>49<span class="cite-bracket">]</span></a></sup> The Deskeo acquisition added over 50 locations to Newmark's international flexible office portfolio. 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.<sup id="cite_ref-50" class="reference"><a href="#cite_note-50"><span class="cite-bracket">[</span>50<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-51" class="reference"><a href="#cite_note-51"><span class="cite-bracket">[</span>51<span class="cite-bracket">]</span></a></sup> Also in 2019, Newmark acquired MiT National Land Services, a national title agency based in New York.<sup id="cite_ref-52" class="reference"><a href="#cite_note-52"><span class="cite-bracket">[</span>52<span class="cite-bracket">]</span></a></sup></li></ul> <p><b>2022</b> </p> <ul><li>Newmark acquired London-based real estate advisory firm BH2<sup id="cite_ref-53" class="reference"><a href="#cite_note-53"><span class="cite-bracket">[</span>53<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-54" class="reference"><a href="#cite_note-54"><span class="cite-bracket">[</span>54<span class="cite-bracket">]</span></a></sup> and North American retail real estate advisory firms Open Realty Advisors and Open Realty Properties.<sup id="cite_ref-55" class="reference"><a href="#cite_note-55"><span class="cite-bracket">[</span>55<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-56" class="reference"><a href="#cite_note-56"><span class="cite-bracket">[</span>56<span class="cite-bracket">]</span></a></sup> Also in 2022, Newmark acquired McCall & Almy, a Boston brokerage firm focused on tenant representation.<sup id="cite_ref-57" class="reference"><a href="#cite_note-57"><span class="cite-bracket">[</span>57<span class="cite-bracket">]</span></a></sup> McCall & Almy鈥檚 longtime clients include <a href="/wiki/Harvard_University" title="Harvard University">Harvard University</a>, <a href="/wiki/Bose_Corporation" title="Bose Corporation">Bose</a> and Partners HealthCare System.<sup id="cite_ref-58" class="reference"><a href="#cite_note-58"><span class="cite-bracket">[</span>58<span class="cite-bracket">]</span></a></sup></li></ul> <p><b>2023</b> </p> <ul><li>It is announced that Newmark Group has acquired <a href="/wiki/Gerald_Eve" title="Gerald Eve">Gerald Eve</a> in a deal which follows the acquisitions of investment sales and leasing advisory firms BH2 and Harper Dennis Hobbs in the UK & Paris-based flexible office subsidiary Deskeo in 2022.<sup id="cite_ref-59" class="reference"><a href="#cite_note-59"><span class="cite-bracket">[</span>59<span class="cite-bracket">]</span></a></sup></li></ul> <div class="mw-heading mw-heading2"><h2 id="Awards_and_recognition">Awards and recognition</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Newmark_Group&action=edit&section=5" title="Edit section: Awards and recognition"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 2021, Commercial Property Executive named Newmark third in its annual Top Commercial Real Estate Brokerage Firms ranking, following <a href="/wiki/CBRE_Group" title="CBRE Group">CBRE</a> and <a href="/wiki/Cushman_%26_Wakefield" title="Cushman & Wakefield">Cushman & Wakefield</a>.<sup id="cite_ref-60" class="reference"><a href="#cite_note-60"><span class="cite-bracket">[</span>60<span class="cite-bracket">]</span></a></sup> The same ranking named Newmark second in Top 10 Firms in Sales and fifth in Top 10 Firms in Leasing. </p><p>Real Capital Analytics named Newmark the 3rd largest investment broker in the Americas in 2020 based on sell-side investment sales activity.<sup id="cite_ref-61" class="reference"><a href="#cite_note-61"><span class="cite-bracket">[</span>61<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Controversies">Controversies</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Newmark_Group&action=edit&section=6" title="Edit section: Controversies"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>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 <a href="/wiki/OCA_-_Asian_Pacific_American_Advocates" class="mw-redirect" title="OCA - Asian Pacific American Advocates">OCA - Asian Pacific American Advocates</a>, 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.<sup id="cite_ref-bisnow_62-0" class="reference"><a href="#cite_note-bisnow-62"><span class="cite-bracket">[</span>62<span class="cite-bracket">]</span></a></sup> </p><p>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."<sup id="cite_ref-realdeal.harrassment_63-0" class="reference"><a href="#cite_note-realdeal.harrassment-63"><span class="cite-bracket">[</span>63<span class="cite-bracket">]</span></a></sup> </p><p>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.<sup id="cite_ref-realdeal.harrassment2_64-0" class="reference"><a href="#cite_note-realdeal.harrassment2-64"><span class="cite-bracket">[</span>64<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="See_also">See also</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Newmark_Group&action=edit&section=7" title="Edit section: See also"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><a href="/wiki/CBRE_Group" title="CBRE Group">CBRE Group</a></li> <li><a href="/wiki/JLL_(company)" title="JLL (company)">JLL (company)</a></li> <li><a href="/wiki/Cushman_%26_Wakefield" title="Cushman & Wakefield">Cushman & Wakefield</a></li></ul> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Newmark_Group&action=edit&section=8" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist"> <div class="mw-references-wrap mw-references-columns"><ol class="references"> <li id="cite_note-1"><span class="mw-cite-backlink"><b><a href="#cite_ref-1">^</a></b></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite id="CITEREFBockmann2017" class="citation web cs1">Bockmann, Rich (2017-11-01). <a rel="nofollow" class="external text" href="https://therealdeal.com/issues_articles/a-wide-open-lane-for-commercial-brokerage-ipos/">"A wide open lane for commercial brokerage IPOs"</a>. <i>The Real Deal</i><span class="reference-accessdate">. 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Retrieved <span class="nowrap">March 9,</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=The+Real+Deal&rft.atitle=Former+Newmark+Knight+Frank+exec+Mike+Arnold+wants+his+sexual+harassment+accuser+unmasked&rft.date=2018-07-13&rft.aulast=Clarke&rft.aufirst=Katherine&rft_id=https%3A%2F%2Ftherealdeal.com%2Fla%2F2017%2F07%2F13%2Fformer-newmark-knight-frank-exec-mike-arnold-wants-his-sexual-harassment-accuser-unmasked%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3ANewmark+Group" class="Z3988"></span></span> </li> </ol></div></div> <div class="mw-heading mw-heading2"><h2 id="External_links">External links</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Newmark_Group&action=edit&section=9" title="Edit section: External links"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><span class="official-website"><span class="url"><a rel="nofollow" class="external text" href="https://www.nmrk.com/">Official website</a></span></span></li></ul> <ul><li>Business data for Newmark Group Inc.: <style data-mw-deduplicate="TemplateStyles:r1129693374">.mw-parser-output .hlist dl,.mw-parser-output .hlist ol,.mw-parser-output .hlist ul{margin:0;padding:0}.mw-parser-output .hlist dd,.mw-parser-output .hlist dt,.mw-parser-output .hlist li{margin:0;display:inline}.mw-parser-output .hlist.inline,.mw-parser-output .hlist.inline dl,.mw-parser-output .hlist.inline ol,.mw-parser-output .hlist.inline ul,.mw-parser-output .hlist dl dl,.mw-parser-output .hlist dl ol,.mw-parser-output .hlist dl ul,.mw-parser-output .hlist ol dl,.mw-parser-output .hlist ol ol,.mw-parser-output .hlist ol ul,.mw-parser-output .hlist ul dl,.mw-parser-output .hlist ul ol,.mw-parser-output .hlist ul ul{display:inline}.mw-parser-output .hlist .mw-empty-li{display:none}.mw-parser-output .hlist dt::after{content:": "}.mw-parser-output .hlist dd::after,.mw-parser-output .hlist li::after{content:" 路 ";font-weight:bold}.mw-parser-output .hlist dd:last-child::after,.mw-parser-output .hlist dt:last-child::after,.mw-parser-output .hlist li:last-child::after{content:none}.mw-parser-output .hlist dd dd:first-child::before,.mw-parser-output .hlist dd dt:first-child::before,.mw-parser-output .hlist dd li:first-child::before,.mw-parser-output .hlist dt dd:first-child::before,.mw-parser-output .hlist dt dt:first-child::before,.mw-parser-output .hlist dt li:first-child::before,.mw-parser-output .hlist li dd:first-child::before,.mw-parser-output .hlist li dt:first-child::before,.mw-parser-output .hlist li li:first-child::before{content:" (";font-weight:normal}.mw-parser-output .hlist dd dd:last-child::after,.mw-parser-output .hlist dd dt:last-child::after,.mw-parser-output .hlist dd li:last-child::after,.mw-parser-output .hlist dt dd:last-child::after,.mw-parser-output .hlist dt dt:last-child::after,.mw-parser-output .hlist dt li:last-child::after,.mw-parser-output .hlist li dd:last-child::after,.mw-parser-output .hlist li dt:last-child::after,.mw-parser-output .hlist li li:last-child::after{content:")";font-weight:normal}.mw-parser-output .hlist ol{counter-reset:listitem}.mw-parser-output .hlist ol>li{counter-increment:listitem}.mw-parser-output .hlist ol>li::before{content:" "counter(listitem)"\a0 "}.mw-parser-output .hlist dd ol>li:first-child::before,.mw-parser-output .hlist dt ol>li:first-child::before,.mw-parser-output .hlist li ol>li:first-child::before{content:" ("counter(listitem)"\a0 "}</style><div class="hlist inline"><ul><li><a rel="nofollow" class="external text" href="https://www.bloomberg.com/quote/NMRK:US">Bloomberg</a></li><li><a rel="nofollow" class="external text" href="https://www.google.com/finance/quote/NMRK">Google</a></li><li><a rel="nofollow" class="external text" href="https://www.reuters.com/markets/companies/NMRK.O">Reuters</a></li><li><a rel="nofollow" class="external text" href="https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=NMRK">SEC filings</a></li><li><a rel="nofollow" class="external text" href="https://finance.yahoo.com/quote/NMRK">Yahoo!</a></li></ul></div></li></ul>    </div><noscript><img src="https://login.wikimedia.org/wiki/Special:CentralAutoLogin/start?type=1x1" alt="" width="1" height="1" style="border: none; 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