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

One of North America’s Largest Regional Commercial Real Estate Firms To become listed on the NGKF Family As Newmark Cornish & Carey

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Nyc (January 21, 2014) – Newmark Grubb Knight Frank (“NGKF” or “Newmark”), among the biggest commercial estate that is real organizations within the U.S., and element of BGC Partners, Inc. (NASDAQ BGCP) (“BGC Partners” or “BGC”), announced today BGC’s agreement to acquire Cornish & Carey Commercial (“Cornish & Carey”). With approximately $135 million in profits in 2012 and over 275 agents, Cornish & Carey is Northern California’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. Continue reading