Newmark Group
[12] 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.[14] 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.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.In October 2011, BGC Partners, Inc., an American global financial services company based in New York City, acquired Newmark.[23] According to Newmark, the firm currently operates in Argentina, Brazil, Colombia, Costa Rica, Mexico, Panama, and Puerto Rico.[61] In 2022, Newmark commercial real estate agents were sued by a client after they drastically mispriced an asset in a deal they brokered.