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One of North AmericaвЂ™s Largest Regional Commercial Real Estate Firms To become listed on the NGKF Family As Newmark Cornish & Carey
Nyc (January 21, 2014) вЂ“ Newmark Grubb Knight Frank (вЂњNGKFвЂќ or вЂњNewmarkвЂќ), among the biggest commercial estate that is real organizations within the U.S., and element of BGC Partners, Inc. (NASDAQ BGCP) (вЂњBGC PartnersвЂќ or вЂњBGCвЂќ), announced today BGCвЂ™s agreement to acquire Cornish & Carey Commercial (вЂњCornish & CareyвЂќ). With approximately $135 million in profits in 2012 and over 275 agents, Cornish & Carey is Northern CaliforniaвЂ™s preeminent full-service commercial real estate business. Economic details regarding the deal are not disclosed. BGC expects the deal is going to be accretive upon closing immediately. The transaction is expected become completed by the middle of 2014.
Cornish & Carey was the principal force in Northern California and Silicon Valley real estate since 1935, and somewhat bolstered its place on the market when it partnered with NGKF this year
NGKF CEO Barry M. Sigue leyendo