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Newmark acquired San Francisco-based CRE Group, a project management and construction management firm with a strong regional presence. [38] Also in 2016, Newmark acquired two companies in the multifamily sector: Rudesill-Para Multifamily, a brokerage firm in Tennessee, [39] and Walchle Lear, a brokerage firm based in Florida. [40] 2017
Newmark married Eileen Whelpley in December 2012, [54] and they enjoy birding together. [13] He currently lives in New York City, [55] [13] flies commercial, [56] does not own a car, and prefers using public transport. [57] Newmark describes himself as a non-practicing, secular Jew, joking that his rabbi was the singer Leonard Cohen. [58]
He then worked as a real estate broker [3] and joined Newmark & Company in 1953. [1] In 1956, he purchased Newmark with his two partners. [1] He served as chairman from 1957 to 1998. [1] He was one of the first to convert industrial West Side properties and abandoned lofts to trendy, gentrified uses.
[186] [187] Jeffrey Gural, chairman of Newmark, sold a stake in the building to the Sorgente Group in November 2009 for $51.8 million, although Gural and several partners still owned part of the building. [188] Afterward, Sorgente owned a 52 percent stake in the building, while various real estate families owned the remaining stake. [189]
In 2006, Newmark Grubb formed a strategic partnership with London-based real estate firm Knight Frank becoming Newmark Grubb Knight Frank. [1] In October 2011, Newmark Grubb Knight Frank was acquired by BGC Partners. [7] Like his father, his strategy has always been to hold onto real estate over the long term. [8]
At the beginning of March 2023, it was announced that Newmark Group had acquired Gerald Eve 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.
Howard William Lutnick (/ ˈ l ʌ t n ɪ k /; born July 14, 1961 [1]) is an American businessman, who succeeded Bernard Gerald Cantor as the head of Cantor Fitzgerald.Lutnick is the chairman and CEO of Cantor Fitzgerald and BGC Group.
2 A Commons file used on this page has been nominated for speedy deletion