Certainly one of North AmericaвЂ™s Largest Regional Commercial Real Estate companies To Join the NGKF Family As Newmark Cornish & Carey
New York (January 21, 2014) вЂ“ Newmark Grubb Knight Frank (вЂњNGKFвЂќ or вЂњNewmarkвЂќ), one of the biggest commercial real-estate service businesses into the U.S., and section of BGC Partners, Inc. (NASDAQ BGCP) (вЂњBGC PartnersвЂќ or вЂњBGCвЂќ), announced today BGCвЂ™s agreement to get Cornish & Carey Commercial (вЂњCornish & CareyвЂќ). With around $135 million in revenues in 2012 and over 275 brokers, Cornish & Carey is Northern CaliforniaвЂ™s preeminent full-service commercial real-estate company. Financial details of the deal weren’t disclosed. BGC expects the transaction is accretive upon closing immediately. The transaction is expected to be completed by the midst of 2014.
Cornish & Carey is the force that is dominant Northern Ca and Silicon Valley real-estate since 1935, and notably bolstered its place on the market when it partnered with NGKF this year.
NGKF CEO Barry M. Gosin stated, вЂњOur partnership with Cornish & Carey happens to be tremendously effective. We’ve got an even greater power to offer consumers within the important Northern California marketplace the entire array of NGKFвЂ™s services including website selection, leasing advisory, facilities management, home administration, task management, investment sales, international corporate solutions, and valuation amongst others. a primary motorist of NGKFвЂ™s growth is acquiring talent that is spectacular key markets. Cornish & CareyвЂ™s commitment to serving customers, and its own tradition and performance, align perfectly with NGKFвЂ™s client-centric solution and development model.вЂќ
Cornish & Carey Commercial President and CEO Chuck Seufferlein, one of the most respected numbers in CaliforniaвЂ™s commercial estate that is real, was named President of NGKFвЂ™s Western Region. Scott Carey, holding in the firmвЂ™s family members name, stays Chairman and General Counsel.
Mr. Seufferlein said, вЂњCornish & Carey is just a trusted name among decision manufacturers in technology, life sciences, finance and other sectors in Northern California and Silicon Valley. As Newmark Cornish & Carey, our consumers will gain extremely through the exceptional breadth of solutions that NGKF offers globally.вЂќ
вЂњThis can be an exciting time for our company, our clients and our agents,вЂќ Mr. Seufferlein added. вЂњCornish & Carey initially partnered with NGKF because we respected the worthiness in joining forces having a company that has built both a dominant ny presence and substantial international reach. Our successful partnership with NGKF, BGCвЂ™s strong balance sheet, and BGCвЂ™s and NGKFвЂ™s outstanding relationships with top-tier corporations and banking institutions, are compelling reasons to join together. The resources to take a position and grow, along with the unparalleled expertise and possibility that exists across NGKF, BGC as well as its affiliated businesses, are unrivaled in the market.вЂќ
Mr. Gosin included, вЂњCoupled with NGKFвЂ™s strong Southern Ca presence, this union solidifies our capability to offer an unequaled range of solutions through the state and underscores our commitment to providing excellent resources to your commercial estate that is real coast to coast.вЂќ
Newmark Cornish & Carey offices can be found in Emeryville, Hayward, Marin, Palo Alto, Pleasanton, Roseville, Sacramento, bay area, San Mateo, Santa Clara, Santa Rosa and Walnut Creek. Its full selection of services includes tenant and landlord representation, investment product sales, finance, international business solutions, and property and facilities administration, complementing NGKFвЂ™s outstanding global services company and the capital that is unparalleled abilities through BGCвЂ™s relationships with Cantor Fitzgerald and Cantor Commercial property (CCRE).
About Newmark Grubb Knight Frank Newmark Grubb Knight Frank is among the worldвЂ™s leading commercial real estate advisory businesses. As well as London-based partner Knight Frank and independently-owned offices, NGKFвЂ™s 12,000 specialists operate from significantly more than 320 workplaces in founded and growing home areas on five continents.
With r ts dating back in to 1929, NGKFвЂ™s strong foundation helps it be one of the most trusted names in commercial property. NGKFвЂ™s full-service platform comprises BGCвЂ™s real estate services part, offering commercial real-estate tenants, landlords, investors and designers many solutions including renting; money areas solutions, including investment product sales, financial obligation positioning, assessment, and valuation services; commercial mortgage brokerage services; along with business advisory services, consulting, task and development administration, and property and corporate facilities administration solutions. For further information, visit ngkf.
(NASDAQ BGCP), a leading international brokerage business mainly servicing the wholesale monetary and areas. For more information, check out bgcpartners.
Discussion of Forward-L king Statements by BGC Partners Statements in this document BGC that is regarding partners company that are not historical fact is вЂњforward-l king statementsвЂќ that involve dangers and uncertainties. Except as needed by law, BGC undertakes no responsibility release a any revisions to any statements that are forward-l king. For a conversation of extra risks and uncertainties, which may cause real leads to differ from those contained in the forward-l king statements, see BGCвЂ™s Securities and Exchange Commission filings, including, however limited to, the chance factors established within our general public filings, including our most recent kind 10-K and any updates to such risk factors contained in subsequent type 10-Q or Form 8-K filings. These risks consist of those regarding the Cornish & Carey deal, which can be susceptible to certain customary closing conditions, doesn’t close in a timely manner or at all.