Skip to main content

Market Overview

Newmark Group Reports Purchase Of ACRES

Share:

Newmark Group’s (NASDAQ: NMRK) commercial real estate business, Newmark Knight Frank, has acquired ACRES for an undisclosed amount.

"NKF's commitment to acquiring the best expertise in key markets and regions, underscores our focus on expanding local and national service offerings and ACRES fits soundly into our platform of comprehensive services designed to meet the complex and diverse needs of clients," said Barry Gosin, Newmark Group CEO in a press statement.

"With its [ACRES] prominence in industrial, office and capital markets and the growth opportunities in the Salt Lake City Market and the 'Silicon Slopes,' ACRES is an important addition to NKF."

On Wednesday, Newmark shares traded up 0.58% to $8.69.

Related Links:

Sell Towers: Morgan Stanley Says US Cellular Should Unload Real Estate, Upgrades Stock

How to Start Investing in Real Estate

 

Related Articles (NMRK)

View Comments and Join the Discussion!

Posted-In: M&A News Real Estate

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com