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Newmark Grubb Knight Frank (NGKF) announced today the expansion of the Denver operation’s regional tenant representation and financial client services divisions with the addition of Jim McGrath as executive managing director and Tom Pappas as managing director, along with Mike Easter, managing director with NGKF Capital Markets.
“We are fortunate to have the added strength and experience of this high caliber team,” commented Executive Vice President and Regional Managing Director Kevin McCabe. “Jim and Tom are an extremely dedicated and successful duo, with satisfied, high-profile clients, exhaustive national relationships, and deep industry experience across numerous sectors. The addition of Mike to NGKF Capital Markets adds considerable strength in debt and equity placement for multihousing assets. The firm’s dedication to expanding our services line in Colorado is unwavering, and these individuals all offer multi-market expertise and a client-service emphasis that complements our service platform and company values perfectly.”
Jim McGrath brings more than 29 years of experience to NGKF. During his career, he has completed in excess of 10 million square feet of transactions, including headquarter, build-to-suits and multi-market assignments. His expertise is helping companies accurately define their requirements and then financially structure real estate solutions that maximize flexibility and minimize occupancy costs. Jim’s client roster comprises national and international companies alike, including Kutak Rock, National CineMedia, Rio Tinto and Red Robin.
Tenant representation expert Tom Pappas joins NGKF having completed 4.6 million square feet in transactions for high-profile firms including National CineMedia, Mikron and MPEG LA. Tom was also previously responsible for managing internet advertising firm ReachLocal’s national portfolio. “These individuals are known across the industry as advocates of sustainable cost savings, increased client valuation, and enhancement of corporate identities,” noted Kevin. Both Jim and Tom were previously with Savills Studley.
Joining NGKF Capital Markets, debt and equity placement specialist Mike Easter will work in conjunction with Colorado’s premier multihousing specialists ARA, A Newmark Company (ARA Newmark) to expand the firm’s national debt and structured finance services. “Mike will work as a seamless extension of ARA Newmark, providing debt and equity placement through life companies, agencies, banks, CMBS/Conduit, mezzanine, bridge lenders and joint venture equity partnerships - significantly expanding our ability to provide enhanced brokerage and financial support services to our clients,” said Kevin McCabe. Mike offers more than 15 years of experience in investment real estate, completing over $2.5 billion in transactions including $1.5 billion in multihousing debt and equity placement transactions.
“Denver’s continued expansion and attraction of talent on a national level provide the right framework to grow these service lines,” added McCabe. Activity this year has been extremely strong in Colorado’s multihousing market, and through mid-October of 2015, there has been $3.0 billion in sales volume, of which ARA Newmark’s Colorado operation has handled $1.5 billion, or 50% of the market share. Thus far, the acclaimed Denver multihousing market has shown no signs of slowing and ARA Newmark expects multihousing transactions to reach nearly $4 billion in Colorado sales volume this year.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.
About ARA, A Newmark Company
ARA, A Newmark Company is the largest full-service investment advisory firm in the nation that focuses exclusively on the brokerage, financing and capital sourcing of multihousing properties including conventional, affordable, distressed assets, notes sales, seniors, student & manufactured housing and multihousing land. ARA Newmark comprises the country’s top investment professionals who leverage a unique and fully integrated cooperative business platform of shared information, relationships and technology driven solutions. ARA Newmark’s unified enterprise approach ensures that clients are delivered the broadest asset exposure, effective matching of buyers and sellers, and the shortest transaction timeframes in the industry. The combination of global resources, unparalleled market expertise and nationwide presence in the multihousing marketplace has resulted in an annual production volume of more than $12.4 billion in real estate transactions in 2014. For detailed information on ARA Newmark’s extensive multihousing investment services, visit www.aranewmark.com.