Newmark Group, Inc. Acquires Utah Market Leader ACRES
NEW YORK , June 19, 2019 |PRNewswire| -- Newmark Group, Inc. (NASDAQ: NMRK ) ("Newmark Group"), which operates a leading, global, full-service commercial real estate services business, Newmark Knight Frank ("NKF"), today announced that it has acquired Utah market leader ACRES, which has operated as Newmark Grubb ACRES through an alliance agreement with NKF. ACRES' Southwest footprint includes Utah offices in Salt Lake City , Davis | Weber County and Utah County , and additional presence in Boise, Idaho and Reno, Nevada . Acquiring ACRES further strengthens Newmark Group's position in the Southwest, solidifying its market share in a key region experiencing robust demand for commercial real estate services. "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." "ACRES has …
Newmark Group, Inc. Acquires Utah Market Leader ACRES
NEW YORK , June 19, 2019 |PRNewswire| -- Newmark Group, Inc. (NASDAQ: NMRK ) ("Newmark Group"), which operates a leading, global, full-service commercial real estate services business, Newmark Knight Frank ("NKF"), today announced that it has acquired Utah market leader ACRES, which has operated as Newmark Grubb ACRES through an alliance agreement with NKF. ACRES' Southwest footprint includes Utah offices in Salt Lake City , Davis | Weber County and Utah County , and additional presence in Boise, Idaho and Reno, Nevada . Acquiring ACRES further strengthens Newmark Group's position in the Southwest, solidifying its market share in a key region experiencing robust demand for commercial real estate services. "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." "ACRES has …