Newmark Group

Newmark Group Inc.
TypePublic
Nasdaq: NMRK (Class A)
Russell 2000 Index component
ISINUS65158N1028
IndustryReal estate
Founded1929; 97 years ago (1929)
Headquarters125 Park Avenue
New York City, U.S.
Number of locations
170 (2024)
Key peopleBarry M. Gosin (CEO)
Michael Rispoli (CFO)
Luis Alvarado (COO)
Stephen Merkel (Chairman)
ServicesCapital Markets
Industrial and Logistics Services
Landlord Representation
Multifamily Capital Markets
Property Management
Retail Services
Tenant Representation
Valuation & Advisory
RevenueIncrease $3.3 billion (2025)
Increase US$126 million (2025)
Total assetsIncrease US$5.02 billion (2025)
Total equityIncrease US$1.46 billion (2025)
Number of employees
8,000+ (2024)
Websitenmrk.com

Newmark Group Inc. is a global commercial real estate advisory and services firm headquartered in New York City. It operates as Newmark, and is listed on the NASDAQ Global Select Market under the symbol "NMRK".

According to MSCI, Newmark was the third-largest investment broker in the Americas in 2023. In its ‘Top CRE Brokerage Firms of 2023, Commercial Property Executive ranked Newmark 3rd.

In 2011, the company was acquired by Cantor Fitzgerald, headed by Howard Lutnick. In 2025, Lutnick became commerce secretary in the second Donald Trump administration.

History

Early years

Newmark was founded in 1929 in Manhattan by Dave Newmark. In 1953, Aaron Gural joined Newmark & Company as a real estate broker, later purchasing the company in 1956 with partners. Gural served as Chairman of Newmark & Company from 1957 to 1998.

Under Gural's leadership, Newmark began acquiring properties throughout Manhattan starting with 230 Fifth Avenue. Other notable property acquisitions during this time included the Film Center Building at 630 Ninth Avenue and the historic DuMont building at 515 Madison Avenue. Gural became known as one of the first real estate executives to see the potential for restoring West Side industrial sites and abandoned lofts in the Garment District.

In 1978, Aaron Gural's son, Jeffrey Gural, and Barry Gosin took ownership of the company. Throughout the late 1980s, in response to a lull in New York City's real estate market, Gosin began building Newmark’s brokerage and advisory division. Gosin would later tell The New York Times that it was Newmark's unique combination of being a brokerage firm and having a significant investment portfolio that set the firm apart in the industry.

In 1992, James Kuhn joined Newmark as President after serving as the owner/manager of the Mendik Company, where he oversaw the acquisition of 11 million square feet of office space and 6,000 apartments.

Throughout the 1990s, Newmark continued to expand its property holdings, including through the purchase of New York's Flatiron Building beginning in 1997. In the late 1990s, the firm grew beyond its basic leasing and management operation by expanding its corporate services division.

Since 2001

In 2001, Newmark invested in national appraiser Koeppel Tener Real Estate Services, founded by Alfred J. Koeppel. In 2006, Newmark formed a partnership with London-based real estate firm Knight Frank becoming Newmark Knight Frank. In October 2011, BGC Partners, Inc., an American global financial services company based in New York City, acquired Newmark. With the acquisition, Howard W. Lutnick, Chairman and Chief Executive Officer of BGC, became Chairman of Newmark, with Gosin, who had previously served on BGC's Board of Directors, remaining as Newmark's CEO and Jeff Gural as Chairman Emeritus.

In April 2012, BGC Partners acquired assets of commercial real estate brokerage Grubb & Ellis, founded in 1958 by Donald Sr. & John Grubb & Harold Ellis, to form Newmark Grubb Knight Frank (NGKF). Newmark announced an expansion in South America in 2014 through partnerships in Argentina, Brazil, Colombia, Chile and Peru. According to Newmark, the firm currently operates in Argentina, Brazil, Colombia, Costa Rica, Mexico, Panama, and Puerto Rico. On December 15, 2017, Newmark listed on the Nasdaq stock exchange. In October 2020, Newmark Knight Frank formally rebranded to Newmark.

On June 2, 2021, The Washington Post reported that The Trump Organization had hired Newmark to sell its lease to the Trump International Hotel in Washington, DC. "A representative of Newmark Group declined to comment", the Post said.

In February 2025, Barry Gosin assumed the additional role of Chairman of its operating company, Newmark & Company Real Estate, Inc, following Howard Lutnick’s confirmation as 41st United States Secretary of Commerce. Stephen Merkel was named Newmark’s Chairman of the Board of Directors. Kyle Lutnick also joined as a member of the Board. In April 2025, Luis Alvarado assumed the role of Chief Operating Officer.

Acquisitions History

Over the past decade, Newmark and its parent company BGC Partners, Inc. have expanded real estate services and geographic reach through the acquisition of companies in the United States and internationally. Newmark has acquired more than 55 companies since 2011.

2012

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

Awards and recognition

In 2026, Newmark ranked #1 among Commercial Property Executive’s Top Commercial Real Estate Finance Firms, with more than $72.4 billion in debt and equity placements. Newmark also reported being ranked #1 among Multi-Housing News’ Top Multifamily Finance Firms. It was also named to the 2026 IAOP Global 100, marking its 17th consecutive year on the list.

In 2025, Newmark ranked #1 among Commercial Property Executive’s and Multi-Housing News’ Top Mortgage Banking and Brokerage Firms, with loans totaling more than $48.4 billion. It was also named the #1 Freddie Mac Multifamily lender for manufactured housing communities and received Euromoney’s North America’s Best Real Estate Adviser award. Newmark reported being ranked #1 among U.S. office sales brokers for deals of at least $25 million, with a 26% market share, according to Real Estate Alert. It also reported #1 subsector breakouts for brokers of multifamily properties in senior living and student housing. In addition, Newmark was named to the 2025 Global Outsourcing 100 by the International Association of Outsourcing Professionals for the 16th consecutive year.

In 2024, Newmark was named as a Best Place to Work by GlobeSt. It was also awarded World’s Best Real Estate Consultant by Euromoney. In 2023, Newmark reported ranking third in U.S. investment sales for the full year, according to preliminary data from MSCI, excluding $21.7 billion of the Signature equity portion. In 2021, Multi-Housing News ranked Newmark third among its Most Powerful Brokerage Firms based on 2020 transaction volume.

Controversies

In 2022, Newmark commercial real estate agents were sued by a client after they drastically mispriced an asset in a deal they brokered. The property, once owned by OCA - Asian Pacific American Advocates, a Washington, D.C.–based non-profit, was sold for $4.4 million. Four months later, the buyer resold the asset for a 30% increase. The non-profit claimed that it did not receive the full price for its property because of errors made by Newmark's agents.

In 2018, the company was sued by an administrative assistant over sexual harassment claims. While working in the firm, she alleged suffering repeated sexual advances, which she rebuffed. She further claimed that when she raised the issue to human resources, she was terminated. In a statement, a Newmark spokesperson said "we have thoroughly investigated allegations made by a former employee and have determined them to be baseless."

In 2017, a Newmark executive, Mike Arnold, was sued for sexual harassment. Arnold's lawyers sought disclosure of the victim's real name and dismissal of the case on procedural grounds. The victim claimed she was ogled and stalked, among other sexual harassment.

See also

References

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  14. ↑ "NEWMARK EYES BUY ; REALTOR PLANS TO PUT $$ IN NATIONAL APPRAISER". New York Post. July 3, 2001. Retrieved October 5, 2026.
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  34. ↑ Gilliam, Derek (January 3, 2017). "Jacksonville multifamily firm acquired by Newmark Grubb Knight Frank". Jacksonville Business Journal. Retrieved February 18, 2022.
  35. ↑ Brown, Lisa (February 16, 2017). "Capital Advisory Business Bolsters Capital Markets Platform". GlobeSt. Retrieved February 18, 2022.
  36. ↑ "BGC Partners to buy Berkeley Point Financial for $875 million". Reuters. July 18, 2017. Retrieved October 5, 2026.
  37. ↑ Bubny, Paul (August 3, 2017). "Berkeley Point Deal Has Built-In Synergies with NKF". GlobeSt. Retrieved March 12, 2022.
  38. ↑ Morphy, Erika (June 29, 2018). "Newmark Is Buying Corporate Tenant Advisory Firm Jackson Cooksey". GlobeSt. Retrieved March 12, 2022.
  39. ↑ Kezar, Korri (June 29, 2019). "Dallas commercial brokerage acquired by New York real estate advisory firm". Dallas Business Journal. Retrieved March 12, 2022.
  40. ↑ Gross, Max (May 29, 2018). "Newmark Acquiring RKF for Undisclosed Price". Commercial Observer. Retrieved February 18, 2022.
  41. ↑ McClary, Samantha (December 20, 2019). "Harper Dennis Hobbs bought by US giant". EG Radius. Retrieved March 22, 2022.
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  47. ↑ "New York's Newmark Acquires Top London CRE Boutique BH2". Connect CRE. Retrieved June 17, 2022.
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  49. ↑ May 03, Ingrid Tunberg |; PM, 2022 at 04:54. "Newmark Acquires Retail Advisory Business, Open Realty". GlobeSt. Retrieved June 17, 2022.{{cite web}}: CS1 maint: numeric names: authors list (link)
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  51. ↑ "Newmark Acquires Boston Brokerage Firm McCall & Almy". Bisnow. April 7, 2022. Retrieved October 5, 2026.
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  65. ↑ "2021 Most Powerful Brokerage Firms". Multi-Housing News. June 3, 2021. Retrieved September 16, 2026.
  66. ↑ Banister, Jon (March 9, 2022). "Asian American Organization Sues Newmark For $5.3M Over D.C. Property Sale". Bisnow. Retrieved March 9, 2022.
  67. ↑ Brenzel, Kathryn (July 13, 2018). "NKF broker accused of sexual harassment by fired administrative assistant". The Real Deal. Retrieved March 9, 2022.
  68. ↑ Clarke, Katherine (July 13, 2018). "Former Newmark Knight Frank exec Mike Arnold wants his sexual harassment accuser unmasked". The Real Deal. Retrieved March 9, 2022.