Announced
Financials
Tags
Acquisition
United States
commercial real estate
Real Estate Services
real estate agent
Private
Pending
Synopsis
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."
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