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Newmark Grubb Knight Frank, a Division of BGC Partners, Inc., Acquires Cincinnati Commercial Real Estate, Inc.

Newmark Grubb Knight Frank, a Division of BGC Partners, Inc., Acquires Cincinnati Commercial Real Estate, Inc.

Newmark Grubb Knight Frank (NGKF), an unit of BGC Partners, Inc.

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(NASDAQ BGCP) (“BGC Partners,” or “BGC”), a respected brokerage that is global servicing the financial and areas, today announced that it has finished its purchase of Cincinnati Commercial Real Estate, Inc. (“CCR”). CCR has a track that is deep in workplace, industrial and retail renting and investment sales, representing a diversified clientele that ranges from top Fortune 500 companies and institutions to privately owned organizations. The acquisition bolsters NGKF’s presence into the Midwest and will help drive growth opportunities for the firm’s current Ohio operations in Cleveland and Columbus. Economic details of the deal are not disclosed.

“Aligning with best-in-class neighborh d experts throughout the usa who share our philosophy to produce complete solutions for clients in most facets of property is fundamental to the development strategy,” commented Barry Gosin, primary officer that is executive of. “The Cincinnati metropolitan area is really a fast-growing Midwest economy with an crucial client base. By combining their local expertise to our platform and strong reputation, NGKF is well-positioned to flourish in this market.”

“The window of opportunity for NGKF to expand our existence into the Midwest as our customers need solution regionally makes the acquisition of CCR a natural fit,” noted Michael Sheinkop, president of brokerage solutions at NGKF.

“The addition of the full-service team in Cincinnati that runs with high integrity and civic-mindedness is timely and perfect.”

Wayne Hach, Si Pitstick and Doug Altemuehle, all industry veterans each with more than 25 several years of experience, join NGKF as executive managing directors along side nine other agents used by CCR. Sigue leyendo

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