Newmark Grubb Knight Frank Expands Western U.S. Presence with Utah's Leading CRE Firm

SALT LAKE CITY, March 26, 2013 /PRNewswire/ -- Newmark Grubb Knight Frank (NGKF) today announced that Utah's leading commercial real estate services firm NAI West, a former affiliate of NAI Global, will do business as Newmark Grubb ACRES effective immediately, giving NGKF a dominant position in one of country's most active real estate markets and throughout the western United States.

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"Utah is one of the few states to set a new post-recession employment peak," said Barry M. Gosin, NGKF chief executive officer. "Its strong and diverse economy led by industries like technology, biomedical and genetic research, manufacturing, energy and mining, presents significant opportunity for our clients. We are extremely excited to expand our presence here with the exceptional talent and capabilities of Newmark Grubb ACRES.

"NGKF's value proposition and success is driven by our unwavering client-centric philosophy. We continue to bring together best-in-class professionals across the country and, with our global reach and unmatched resources via our parent company BGC Partners and its affiliates Cantor Fitzgerald and Cantor Commercial Real Estate, the NGKF advisory platform represents one of the most powerful solutions in the real estate industry."

Established in Salt Lake City in 1998, Newmark Grubb ACRES is led by founding partner Michael B. Falk, president. With four offices, over 100 professional brokers and more than 80 staff members, the firm provides a full suite of services with a focus on tenant and landlord representation, property management, corporate services, land and investment sales for office, industrial and multifamily property.

"We can better ensure the quality and timeliness our clients deserve by having a seamless, fully integrated platform. The choice in NGKF was driven by our research that no other firm could meet our clients' needs as effectively. We look forward to partnering with the top-tier professionals at NGKF for our clients benefit."

Low taxes, the youngest labor force in the nation, rank as the third fastest-growing population, a favorable regulatory environment and track record as a fiscally responsible state government earns Utah national praise. In 2012, Forbes magazine ranked Utah the No. 1 "Best State for Business and Careers" for the third straight year, and CNBC ranked Utah No. 2 for the "Best State for Doing Business".

"Being ranked Best State for Business by Forbes three years in a row is evidence of our teamwork based approach to economic development in the State. Our public and private sector work together to create an environment for success," said Jeff Edwards, president and CEO of the Economic Development Corporation of Utah. "Newmark Grubb ACRES is a strong local partner that will continue to help us grow our capability in the region."

About Newmark Grubb Knight Frank

Newmark Grubb Knight Frank is one of the world's leading commercial real estate advisory firms. Together with its affiliates and London-based partner Knight Frank, Newmark Grubb Knight Frank employs more than 11,000 professionals, operating from more than 340 offices in established and emerging property markets on five continents.

With roots dating back to 1929, Newmark Grubb Knight Frank's strong foundation makes it one of the most trusted names in commercial real estate. Its integrated services platform includes leasing advisory, global corporate services, investment sales and capital markets, consulting, program and project management, property and facilities management, and valuation services. A major force in the real estate marketplace, Newmark Grubb Knight Frank serves the local and global property requirements of tenants, landlords, investors and developers worldwide. For further information, visit www.newmarkkf.com.

Newmark Grubb Knight Frank is a part of BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets. For further information, visit www.bgcpartners.com.

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SOURCE Newmark Grubb Knight Frank