Santa Clara, Calif. (May, 2012) — Cornish & Carey Commercial Newmark Knight Frank today announced that the firm has added 28 former Grubb & Ellis brokers to its powerful roster, bringing its total strength to 310 agents in Northern California. The new agents will join Cornish & Carey Commercial Newmark Knight Frank offices in Emeryville, Hayward, Roseville, Sacramento, San Francisco, San Mateo, Santa Clara and Walnut Creek. The majority of the former Grubb & Ellis brokers joining Cornish & Carey Commercial Newmark Knight Frank are senior agents, receiving titles of vice president, senior vice president or executive vice president.
“I am truly ecstatic about Cornish & Carey Commercial Newmark Knight Frank’s future,” said Chuck Seufferlein, president and CEO of the Santa Clara-based brokerage, which also has offices in Marin, Palo Alto, Pleasanton and Santa Rosa. “The opportunity for a commercial real estate firm to hire a large number of highly regarded quality agents at one time is extremely rare. Our partnership with Newmark Grubb Knight Frank and BGC has afforded us an incredible opportunity to further our mission of providing best-in-class service to our clients by enhancing our valuable service lines and growing our presence.”
Four Cornish & Carey Commercial Newmark Knight Frank offices, including Emeryville, Sacramento, Santa Clara and Walnut Creek, expanded within their current locations to accommodate the new brokers. All new agents will be fully integrated into Cornish & Carey Commercial Newmark Knight Frank operations. Former Northern California Grubb & Ellis offices will all close permanently.
“I am very excited to be joining one of the strongest companies in commercial real estate today,” said Daniel Cressman, a former Grubb executive and new executive managing director. “BGC’s acquisition of Newmark Knight Frank, coupled with the acquisition of the assets of Grubb & Ellis has truly changed the landscape of the country’s commercial real estate market and Cornish & Carey Commercial Newmark Knight Frank is extremely well positioned to capture new opportunities for our clients. I look forward to growing my business and my clients at this great firm and working with my new San Francisco colleagues who represent some of the best talent in the industry.”
Cornish & Carey Commercial partnered with Newmark Knight Frank in September of 2010 to become Cornish & Carey Commercial Newmark Knight Frank. In October of 2011, BGC Partners, Inc. acquired Newmark Knight Frank and committed to applying its capital markets and technology expertise to position Newmark Knight Frank for dramatic growth. In April of 2012, BGC Partners completed its acquisition of the assets of Grubb & Ellis Company, adding talented brokers and outstanding service lines including Property and Facilities Management and Appraisal businesses to Newmark Grubb Knight Frank. As a Newmark Grubb Knight Frank partner company, Cornish & Carey Commercial Newmark Knight Frank directly benefits from the integration of Newmark Knight Frank and Grubb & Ellis into the new powerhouse Newmark Grubb Knight Frank.
About Cornish & Carey Commercial Newmark Knight Frank
A dominant regional real estate force since 1935, Cornish & Carey Commercial partnered in 2010 with Newmark Knight Frank to become Cornish & Carey Commercial Newmark Knight Frank. Regionally, more than 310 agents in 13 strategically located offices throughout Northern California create a powerful combination of people and services that uphold Cornish & Carey Commercial Newmark Knight Frank core values of integrity and knowledge. For further information, visit www.ccareynkf.com.
About Newmark Grubb Knight Frank
A part of BGC Partners, Inc. (NASDAQ:BGCP), Newmark Grubb Knight Frank is one of the largest commercial real estate service firms in the U.S. It brings together the strategic consultative approach to creating value for clients and leading position in the New York market that are hallmarks of Newmark Knight Frank; the complementary strengths of Grubb & Ellis in leasing and management, investment sales, valuation and capital markets services; and BGC’s financial strength, proprietary technology, expertise in global capital markets and deep relationships with many of the world’s leading financial institutions.
Newmark Grubb Knight Frank and its London-based partner Knight Frank together operate from more than 300 offices in established and emerging property markets on five continents. This major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide.