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The Commercial Observer’s Power 100 Gala, Minute by Minute, Drink for Drink
Can The Commercial Observer party at its own party? You bet! The CO got down at its annual Power 100 celebration, which honors its picks for the top 100 most powerful, influential and successful real...
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Shlomo Bakhash Buys Williams Club For $9 Million
Real estate investor Shlomo Bakhash has purchased the former Williams Club, a 30,000-square-foot townhouse building at 24 East 39th Street for a little over $9 million New York City property records...
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BGC Partners Chief Executive Officer Howard Lutnick on the Making of NGKF
In one of the biggest real estate stories to break this year, the commercial real estate company Grubb & Ellis filed for bankruptcy in February, listing $150 million in assets and $167 million in...
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Bankruptcy Judge Martin Glenn Approves Grubb & Ellis’ Liquidation Plan
United States Bankruptcy Court Judge Martin Glenn yesterday approved the Chapter 11 liquidation plan of Grubb & Ellis almost a year after BGC Partners closed on its acquisition of the firm's...
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C&W Tapped as Exclusive Leasing Agent for 199 Water Street
Jack Resnick & Sons has selected Cushman & Wakefield as the exclusive leasing agent for One Seaport Plaza at 199 Water Street, it was announced today. A C&W team comprised of John Cefaly,...
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C&W Eyes Tenants New and Old at 199 Water Street
Cushman & Wakefield’s leasing team at 199 Water Street is targeting traditional financial services tenants as well as new media and communications firms for the Downtown property, Robert Constable,...
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Inheriting a Great Real Estate Empire Is More Complicated Than It Looks
Just being born into one of New York City’s family-owned real estate firms does not guarantee you a spot in the C-suite. At least, not at Rudin Management. “You have to show passion and commitment and...
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Credit Suisse Vet Jeremy Stoler Jumps Ship
Jeremy Stoler has left his position on the capital markets group at Credit Suisse, according to several sources familiar with the move. Stoler was a senior member of the team with a focus on commercial...
View ArticleICSC ’17: Newmark Grubb Knight Frank Is Dropping the Grubb and Rebranding
Apparently, Newmark Grubb Knight Frank doesn’t want to be too “Grubby” anymore. The company is rebranding to “Newmark Knight Frank,” a source with intimate knowledge of the company’s decision told...
View ArticleNewmark Files for $100 Million Initial Public Offering
Real estate brokerage and advisory firm Newmark Group filed for a $100 million initial public offering with the U.S. Securities and Exchanges Commission yesterday, in a bid to spin off from parent...
View ArticleNewmark Goes Public With Offering on Nasdaq
Real estate brokerage and advisory firm Newmark Group, a subsidiary of global brokerage BGC Partners, was listed as a publicly traded entity today with an initial public offering. BGC Partners Chairman...
View ArticleNewmark Acquiring RKF for Undisclosed Price
After months of rumors of an impending sale, Newmark Group is officially acquiring the retail powerhouse RKF. In a press release announcing the pending purchase, Robert Futterman, the eponymous head of...
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Square Mile Lends $217M in Acquisition of Downtown Miami Skyscraper
KKR and Parkway Property Investments have sealed a $217 million mortgage to acquire a 30-story office tower in Miami, Fla., according to an announcement from Square Mile Capital, the lender in the...
View ArticleRKF Demands Contract, Stock Contribution From Brokers in Newmark Deal
As RKF readies for an acquisition by Newmark Group this year, the retail firm’s brokers are faced with signing a five-year contract and contributing a percentage of their commission to stock,...
View ArticleRKF-Newmark Deal Hasn’t Closed Yet as Brokers Stall in Contract Signings...
In the hopes of speeding up their deal to be acquired by Newmark Group, the heads of RKF were pushing to get contracts with their brokers signed as early as July 1. But the retail brokerage has yet to...
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