Newmark Group
Newmark Group is a global commercial real estate advisory and services firm operating under the Newmark brand.
Last updated August 31, 2026
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Overview
Newmark Group is a commercial real estate advisory and services company headquartered in New York City. It provides brokerage, investment sales, capital markets, leasing, tenant and landlord representation, valuation, appraisal, property management, project and construction management, corporate real estate consulting, retail and multifamily advisory, mortgage banking, title services, and flexible-workspace solutions. Its clients include corporations, institutional investors, developers, landlords, government bodies, nonprofit organizations, financial institutions, and occupiers of office, industrial, retail, multifamily, hospitality, and other property types. The business traces its origins to Newmark & Company, founded in Manhattan in 1929 by Dave Newmark. A major formative period began in the 1950s, when Aaron Gural joined the company, acquired it with partners in 1956, and led it for several decades. Under Gural, the firm expanded from brokerage into property ownership and management, acquiring or investing in notable Manhattan properties and developing expertise in the restoration and repositioning of older industrial and loft buildings. Jeffrey Gural and Barry Gosin took ownership in 1978. During the late 1980s and 1990s, Gosin emphasized brokerage and advisory activities as New York's property market faced difficult conditions, while James Kuhn joined as president in 1992 and helped broaden the firm's institutional capabilities. Newmark expanded beyond its traditional New York base through acquisitions, partnerships, and new service lines. Its 2006 partnership with London-based Knight Frank created the Newmark Knight Frank identity. In 2011, BGC Partners acquired Newmark, bringing the real estate platform into the wider financial-services group associated with Cantor Fitzgerald. BGC subsequently combined Newmark with the assets of Grubb & Ellis in 2012, creating Newmark Grubb Knight Frank and accelerating national expansion. Further acquisitions added brokerage offices, appraisal and consulting capabilities, multifamily expertise, retail advisory, capital markets, tenant representation, title services, and flexible-office operations. The company entered the public markets in December 2017. It later simplified its market identity: Newmark Knight Frank formally became Newmark in 2020. Expansion continued through acquisitions such as Knotel and Deskeo in flexible workspace, BH2, Open Realty Advisors, Open Realty Properties, McCall & Almy, and Gerald Eve. The firm has also developed an international network through operations and partnerships in the Americas, Europe, and other markets. Newmark is positioned as a full-service commercial real estate platform combining transaction advice with capital markets, valuation, consulting, property operations, and specialized sector expertise. Industry rankings cited in the reference material placed it among the leading commercial brokerage and investment-sales firms in the Americas. The company remains an active public corporation, with Barry Gosin serving as chief executive officer and taking an additional operating-company chair role in 2025 after Howard Lutnick entered the United States government as Commerce Secretary.
History
Newmark began in Manhattan in 1929, when Dave Newmark founded the company that became Newmark & Company. Aaron Gural joined in 1953 and acquired the business with partners in 1956. As chairman from 1957 to 1998, Gural broadened the company's activities beyond brokerage by acquiring and managing Manhattan properties, including 230 Fifth Avenue, the Film Center Building, and the DuMont building. He was also associated with the redevelopment potential of older industrial properties and loft buildings on Manhattan's West Side and in the Garment District. Jeffrey Gural and Barry Gosin took ownership in 1978. During a downturn in New York real estate in the late 1980s, Gosin expanded the brokerage and advisory side of the business. The combination of transaction services and a substantial investment portfolio became an important part of the firm's identity. James Kuhn joined as president in 1992 after managing the Mendik Company, bringing experience in office and apartment acquisitions. During the 1990s, Newmark continued acquiring and managing properties, including an interest in the Flatiron Building, and expanded corporate-services activities. The company began building a broader institutional and geographic platform in the 2000s. It invested in national appraisal firm Koeppel Tener in 2001 and formed a partnership with Knight Frank in 2006, adopting the Newmark Knight Frank name. In October 2011, BGC Partners acquired Newmark. Howard Lutnick became chairman, while Barry Gosin remained chief executive and Jeffrey Gural became chairman emeritus. In 2012, BGC acquired the assets of Grubb & Ellis and combined them with Newmark, creating Newmark Grubb Knight Frank. Other acquisitions during this period added regional brokerage, consulting, appraisal, multifamily, retail, tenant-representation, and capital-advisory capabilities. Newmark and its parent expanded through a long series of acquisitions. These included Frederick Ross, Smith Mack, Cornish & Carey Commercial, Apartment Realty Advisors, Cincinnati Commercial Real Estate, Steffner Commercial Real Estate, CRE Group, Rudesill-Para Multifamily, Walchle Lear, Regency Capital Partners, Jackson & Cooksey, RKF, Harper Dennis Hobbs, MiT National Land Services, Hopkins Appraisal Services, Knotel, Deskeo, BH2, Open Realty Advisors, Open Realty Properties, and McCall & Almy. The company also expanded internationally through South American partnerships and a growing United Kingdom and European presence. Newmark Group became a Nasdaq-listed company in December 2017. In October 2020, Newmark Knight Frank formally rebranded as Newmark. The company subsequently added flexible-office capabilities and continued its international expansion, including the announced acquisition of Gerald Eve in 2023. Its present business covers a wide range of commercial real estate services, from brokerage and capital markets to valuation, property management, project management, corporate advisory, mortgage banking, title services, and flexible workspace. In 2025, leadership arrangements changed after Howard Lutnick became U.S. Commerce Secretary: Barry Gosin took an additional chair role at the operating company, Stephen Merkel became chairman of the board, Kyle Lutnick joined the board, and Luis Alvarado became chief operating officer.
- 2023
Gerald Eve acquisition announced
[1]The announced acquisition strengthened Newmark's United Kingdom advisory platform.
- 2021
Flexible-workspace expansion
[1]Knotel and Deskeo acquisitions expanded Newmark's flexible-office capabilities.
- 2020
Global rebrand to Newmark
[1]The Newmark Knight Frank brand was formally simplified to Newmark.
- 2017
Nasdaq listing
[1]Newmark Group began trading publicly on Nasdaq under NMRK.
- 2012
Grubb & Ellis combination
[1]The combination with Grubb & Ellis assets created Newmark Grubb Knight Frank and accelerated national growth.
- 2011
Acquisition by BGC Partners
[1]BGC Partners acquired Newmark and integrated it into its broader financial-services group.
- 2006
Newmark Knight Frank partnership formed
[1]A partnership with Knight Frank created an international commercial real estate identity.
- 2001
Investment in Koeppel Tener
[1]Newmark invested in a national real estate appraisal and advisory firm.
- 1978
Jeffrey Gural and Barry Gosin took ownership
[1]The next generation of ownership assumed control of the company.
- 1956
Aaron Gural acquired Newmark with partners
[1]Gural's ownership initiated a long period of expansion into Manhattan property ownership and management.
Products and positioning
A global, full-service commercial real estate platform combining brokerage and advisory work with capital markets, valuation, consulting, property operations, and specialized sector expertise.
Brokerage
Commercial brokerage and leasing
Newmark advises landlords, occupiers, investors, and developers on leasing, sales, acquisitions, dispositions, and portfolio transactions across office, industrial, retail, multifamily, and other commercial property sectors. Its platform includes both landlord representation and tenant representation, allowing it to support marketing, site selection, negotiations, renewals, and relocations.
Financial advisory
Capital markets and investment sales
The capital-markets business supports property sales, recapitalizations, joint ventures, construction financing, permanent debt, structured debt, and equity placement. It serves institutional owners and developers across major commercial property types and is a central part of Newmark's investment-brokerage positioning.
Advisory
Valuation and appraisal
Newmark provides valuation, appraisal, and related consulting services for lenders, investors, owners, corporations, and public-sector clients. These services support financing, financial reporting, tax and litigation work, portfolio decisions, and transactions.
Real estate operations
Property, project, and construction management
The company manages properties and provides facilities, project, and construction-management services. The offering extends Newmark's role beyond transactions into development execution, capital improvements, building operations, workplace programs, and ongoing asset oversight.
Corporate services
Corporate real estate and workplace advisory
Corporate clients receive advice on portfolios, occupancy, workplace strategy, location decisions, lease administration, facilities, and operational efficiency. Newmark's flexible-workspace acquisitions broadened this area with additional options for distributed and adaptable office use.
Financing
Mortgage banking and brokerage
Newmark arranges and advises on commercial real estate financing, including mortgage banking and brokerage activities. The platform connects borrowers and property owners with debt providers and supports financing across multiple asset classes.
Workspace services · 2021
Flexible workspace
Through Knotel and Deskeo-related operations, Newmark added flexible-office and managed-workspace capabilities to its commercial real estate platform. The service addresses companies seeking serviced, adaptable, or distributed office space rather than conventional long-term leasing alone.
Controversies
2022
Lawsuit over alleged mispricing of a nonprofit property
A nonprofit client sued Newmark agents after a Washington, D.C., property was sold and later resold at a substantially higher price. The client alleged that brokerage errors led it to receive less than the property's appropriate value.
2021
Newmark sues former brokers and CBRE
Newmark sued three former brokers and their new employer, CBRE, alleging that the brokers violated non-compete agreements and that CBRE was responsible for the breach. The article also reports that Newmark is seeking $15 million in damages.
2018
Former employee sexual-harassment allegations
A former administrative assistant alleged repeated sexual advances and retaliation after raising concerns with human resources. Newmark stated that it had investigated and found the allegations baseless.
2017
Sexual-harassment lawsuit involving an executive
A Newmark executive was sued by a plaintiff who alleged unwanted sexual attention and stalking. The executive's lawyers challenged aspects of the case, including disclosure and procedural issues.
Brand decisions
2025
Reorganize leadership after Lutnick's government appointmentStrategyBackground
Howard Lutnick became United States Commerce Secretary in the second Donald Trump administration.
Action taken
Barry Gosin assumed an additional operating-company chair role, Stephen Merkel became board chairman, Kyle Lutnick joined the board, and Luis Alvarado became chief operating officer.
Aftermath
The changes separated Lutnick's former corporate leadership responsibilities from Newmark's ongoing operating and board structure.
2021
Expand into flexible workspaceM&ABackground
Changing office-use patterns created demand for flexible and managed workplace solutions.
Action taken
Newmark acquired Knotel and Paris-based Deskeo.
Aftermath
The transactions added flexible-office operations and expanded the company's international workplace offering.
2020
Simplify the global brand to NewmarkStrategyBackground
The company sought a more consistent identity after operating for years under the Newmark Knight Frank name.
Action taken
Newmark Knight Frank formally rebranded as Newmark.
Aftermath
The simplified name became the principal customer-facing brand.
2017
List Newmark Group on NasdaqStrategyBackground
Newmark pursued a public-company structure and access to public capital markets.
Action taken
Newmark Group listed on Nasdaq under the symbol NMRK.
Aftermath
Newmark became a separately traded public real estate services company within the broader BGC structure.
2012
Combine with Grubb & Ellis assetsM&ABackground
BGC Partners pursued a larger national commercial real estate platform.
Action taken
Assets of Grubb & Ellis were acquired and combined with Newmark to create Newmark Grubb Knight Frank.
Aftermath
The combination broadened geographic coverage and expanded brokerage and advisory capabilities.
2011
Join BGC Partners through acquisitionM&ABackground
Newmark sought greater scale and access to the resources of a global financial-services group.
Action taken
BGC Partners acquired Newmark, with Howard Lutnick becoming chairman and Barry Gosin remaining chief executive.
Aftermath
The transaction placed Newmark within the BGC and Cantor Fitzgerald business ecosystem and preceded a period of accelerated acquisitions.
Recent events
Reported
Sale of Seattle’s Lakefront Blocks announced[3]
Newmark and Vulcan Real Estate announced the sale of the 635,000-square-foot Lakefront Blocks office property in Seattle to Deka Immobilien, which was identified as the winning bidder for both blocks. The sale did not include the two apartment towers above the office buildings.
- Unconfirmed
Reported
Newmark arranges $99.235 million financing for Invesco’s Alameda life science property acquisition[4]
Newmark, advising Invesco Advisers, arranged $99.235 million in financing for the acquisition and conversion of a six-building portfolio in Alameda, California; the loan was placed with PGIM Real Estate.
Reported
Court issues temporary restraining order in Newmark dispute[2]
A New York State Supreme Court justice issued a temporary restraining order on behalf of Newmark directing defendants not to disparage the firm. The justice did not grant Newmark’s request to temporarily stop the brokers from working for CBRE.
- Unconfirmed
Reported
Newmark sues former brokers and CBRE[2]
Newmark sued three former brokers and their new employer, CBRE, alleging that the brokers violated non-compete agreements and that CBRE was responsible for the breach. The article also reports that Newmark is seeking $15 million in damages.
- Unconfirmed
Reported
Bankruptcy court approves Newmark’s acquisition of Knotel’s business[5]
Newmark announced that it received approval from the U.S. Bankruptcy Court for the District of Delaware to acquire Knotel’s business; Newmark said it anticipated the acquisition would close shortly.
Reported
Newmark reports third-quarter 2020 financial results[6]
Newmark Group reported its financial results for the quarter ended September 30, 2020.
David Wright joins Newmark Knight Frank as Minneapolis management services director[7]
David Wright joined Newmark Knight Frank as director of management services in its Minneapolis office, with responsibilities that include managing strategies for its third-party property management portfolio in the Minneapolis/St. Paul area.
Sources8 sources
- 1Newmark Groupen.wikipedia.org
- 2Newmark sues former brokers and CBREtherealdeal.com
- 3宣布出售西雅图Lakefront Blocks物业prnewswire.com
- 4Newmark为Invesco收购阿拉米达生命科学物业安排9,923.5万美元融资rew-online.com
- 5破产法院批准Newmark收购Knotel业务prnewswire.com
- 6Newmark公布2020年第三季度财务业绩prnewswire.com
- 7David Wright加入Newmark Knight Frank，担任明尼阿波利斯管理服务总监rejournals.com
- 8Newmark Group Reports Second Quarter 2021 Financial Resultsprnewswire.com
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