Newmark Group acquired Utah-based ACRES.

Newmark Group, which operates a leading, global, full-service commercial real estate services business, Newmark Knight Frank, acquired Utah-based ACRES, a commercial real estate agency. Financial terms were not disclosed. "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," stated Barry Gosin, Newmark Group CEO. "With its 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."