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Newmark Knight Frank Valuation & Advisory Augments its Michigan Practice with Three Experienced Appraisers

Detroit, MI (12/02/2019)

11:00 AM

Global commercial real estate advisory firm Newmark Knight Frank (NKF) is pleased to announce that Ilya Barskiy, MAI, Joseph Calvaneso, MAI and Scott Lipinski have joined the firm's Valuation & Advisory (V&A) Michigan practice. NKF V&A provides access to a complete range of valuation and consulting services across its international platform. Barskiy joins the firm as senior vice president, while Calvaneso and Lipinski join as first vice presidents. All three will be based in Detroit and will report to NKF V&A Senior Managing Director and Michigan Market Leader, Tony Roberts.

"We're delighted to have these skilled professionals joining V&A Detroit," said Roberts. "We anticipate their regional experience and knowledge to be an asset to our clients in the broader Michigan market."

Barskiy, who serves as Michigan's office lead, has been in real estate valuation and consulting since 2004. He brings to NKF V&A expertise across a variety of asset classes with specific expertise in office properties. His work spans across general and medical office projects, for-sale and rental multifamily developments, parking facilities, retail centers, single- and multi-tenant industrial buildings, complex mixed-use development projects and vacant land.

Calvaneso, Michigan's multifamily lead, joins NKF V&A with a decade of valuation experience, which includes core retail, office, industrial and a wide variety of special-use properties. With a primary focus on Michigan and the Midwest, Calvaneso has also appraised, analyzed or consulted on real estate in 13 states and in Europe.

Lipinski, who will lead industrial/logistics for the V&A Michigan practice, possesses more than 17 years of experience valuing a wide range of commercial property types and special-use properties. His expertise includes, but is not limited to, industrial, office, retail (ranging from small, single-tenant to regional shopping centers), mobile home parks, mixed-use developments, right-of-way, multifamily and student housing. Lipinski's appraisal and consulting experience includes report preparation for financing, estate planning, collateral monitoring, acquisition, disposition and property tax assessment appeals.

About Newmark Knight Frank
Newmark Knight Frank ("NKF"), operated by Newmark Group, Inc. ("Newmark Group") (NASDAQ: NMRK), is one of the world's leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, NKF's 18,000 professionals operate from approximately 480 offices on six continents. NKF's investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

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Deb Bergman
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Newmark Knight Frank
T 303.260.4307