Newmark Grubb Knight Frank (NGKF), an unit of BGC Partners, Inc.
(NASDAQ BGCP) (вЂњBGC Partners,вЂќ or вЂњBGCвЂќ), 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. (вЂњCCRвЂќ). 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 NGKFвЂ™s presence into the Midwest and will help drive growth opportunities for the firmвЂ™s current Ohio operations in Cleveland and Columbus. Economic details of the deal are not disclosed.
вЂњAligning 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,вЂќ commented Barry Gosin, primary officer that is executive of. вЂњThe 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.вЂќ
вЂњThe 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,вЂќ noted Michael Sheinkop, president of brokerage solutions at NGKF.
вЂњThe addition of the full-service team in Cincinnati that runs with high integrity and civic-mindedness is timely and perfect.вЂќ
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. They are going to continue to run their neighborh d procedure, now backed by the worldwide resources and full-service expertise of NGKF.
вЂњThe NGKF global platform aligns exceptionally well with your clientsвЂ™ passions and offers tremendous level in services and resources that deliver measurable results,вЂќ stated Altemuehle. вЂњAs a leader in our market, CCRвЂ™s clients came to place value that is tremendous our people, our tradition and our concepts. We’re really excited to participate a like-minded organization in NGKF and our clients share the same enthusiasm.вЂќ
About Newmark Grubb Knight FrankNewmark Grubb Knight Frank is one of the worldвЂ™s leading commercial estate that is real organizations. Along with London-based partner Knight Frank and independently-owned workplaces, NGKFвЂ™s 12,800 professionals operate from more than 370 workplaces in established and property that is emerging on six continents.
With origins dating back to 1929, NGKFвЂ™s strong foundation makes it one of the most trusted names in commercial estate that is real. NGKFвЂ™s full-service platform comprises BGCвЂ™s property solutions portion, providing commercial property renters, landlords, investors and developers a wide range of services including leasing; money areas services, including investment sales, financial obligation placement, assessment, and valuation services; commercial mortgage brokerage solutions; in addition to business advisory services, consulting, project and development administration, and property and business facilities management solutions. For more info, check out ngkf .
NGKF is a element of BGC Partners, Inc., a number one worldwide brokerage company servicing the monetary and real estate markets. BGCвЂ™s typical stock trades on the NASDAQ Global ch se Market under the ticker symbol (NASDAQ BGCP). BGC has also an outstanding relationship issuance of Senior Notes due June 15, 2042, which trade regarding the nyc Stock Exchange underneath the icon (NYSE BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. To find out more, please go to bgcpartners .
About BGC Partners, Inc.BGC Partners is a number one global brokerage company servicing the financial and areas. Financial Services offerings consist of fixed income securities, interest rate swaps, forex, equities, equity derivatives, credit derivatives, commodities, futures, and structured products. BGC supplies a wide range of services, including trade execution, broker-dealer services, clearing, trade compression, post trade, information, and other services up to a wide range of monetary and non-financial institutions. Through its FENICS, BGC Trader, and BGC marketplace Data brands, BGC provides technology that is financial, market data, and analytics regarding many economic instruments and areas.
Real Estate Services can be obtained through the CompanyвЂ™s Newmark Grubb Knight Frank brand, which provides an array of commercial real estate solutions, including leasing and corporate advisory, investment sales and economic services, consulting, task and development administration, and property and facilities administration.
BGCвЂ™s clients include many of the worldвЂ™s largest banking institutions, broker-dealers, investment banking institutions, trading firms, hedge funds, governments, corporations, home owners, property designers, and investment companies. BGCвЂ™s typical stock trades on the NASDAQ Global ch se Market beneath the ticker symbol (NASDAQ BGCP). BGC has also an outstanding relationship issuance of Senior records due June 15, 2042, which trade on the New York Stock Exchange under the expression (NYSE BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. To find out more, please go to bgcpartners .
BGC, BGC Trader, FENICS, FENICS , Newmark, Grubb & Ellis, and Grubb are trademarks, registered trademarks and/or solution marks of BGC Partners, Inc. and/or its affiliates. Knight Frank is a ongoing service mark of Knight Frank (Nominees) Limited.
Discussion of Forward-L king Statements by BGC Partners Statements in this document BGC that is regarding partners business that are not historic fact is вЂњforward-l king statementsвЂќ that involve dangers and uncertainties. Except as needed by law, BGC undertakes no obligation to release any revisions to any forward-l king statements. For the discussion of extra risks and uncertainties, that could cause actual results to change from those within the forward-l king statements, see BGCвЂ™s Securities and Exchange Commission filings, including, however limited to, the risk factors set forth within pop over to this web-site our public filings, including our many present type 10-K and any updates to such risk factors contained in subsequent kind 10-Q or Form 8-K filings.