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NKF Adds Leading Southern California Retail Sales and Leasing Professionals for West Coast Expansion

30-Year Industry Veteran Bill Bauman Named Vice Chairman of NKF Capital Markets to Head 6-Person Team

Los Angeles, CA (01/29/2018)

9:00 AM

Newmark Knight Frank is pleased to announce the addition of six retail brokerage professionals who will expand the firm's investment sales, agency leasing and tenant representation business, as well as collaborate with the NKF Capital Markets West Coast teams. Led by a top retail broker both on a regional and national basis, Bill Bauman has been appointed vice chairman of NKF Capital Markets. Additionally, Bryan Norcott of Newmark Knight Frank and Kyle Miller of NKF Capital Markets are named executive vice presidents; Newmark Knight Frank also brings on Peter Spragg and Steve McDonald as senior managing directors and Matt Schwartz as associate director. The team is based out of Newmark Knight Frank's downtown Los Angeles office.

"I am pleased to join NKF Capital Markets and share in the firm's goal of becoming the premier retail investment sales company regionally as well as nationally. Our experts bring a diverse skillset including capital markets, landlord and developer representation, land sales and tenant representation. We will also focus efforts on enhancing the scope and quality of services offered to our private and institutional clients, as well as leveraging longstanding relationships and the innovative Newmark Knight Frank platform to grow and better serve our clients' interests," said Bauman.

Bauman is a 30-year industry veteran who has completed more than $19 billion in transactions over his successful career. He comes to NKF Capital Markets from Savills Studley where he served as vice chairman of its National Retail Service Group. Prior to joining the firm, he worked for Colliers International Company as senior vice president, partner and manager of the Retail Properties Group, where he built a full-service retail practice group. Bauman brings an extensive background in land acquisition and disposition programs, pre-leasing commitments, retail tenant representation, investment sales, development consulting services, and overall retail market analysis. Bauman has represented major developers such as Vestar Development Co., Regency Centers, and Zelman Development Co, Decron Properties, Shapell Properties, RMRG, and Paragon. Institutional clients include ROIC, Federal Realty, Barings, Clarion, Stockbridge, TIAA CREFF, MetLife, AEW, UBS, First Washington and Cerberus.

Specializing in landlord leasing, development, and tenant representation, Bryan Norcott's real estate career spans 25 years and he comes to NKF from Savills Studley. He has had involvement in the development and leasing of some of Southern California's most successful and recognizable retail projects totaling more than 13 million square feet. He has worked with some of the nation's largest and most prolific REITs and shopping center developers including Kimco, Regency Centers, Vestar, Macerich, Vornado, DDR, Blackstone and Panattoni Development. Norcott lends his expertise to all phases of the retail development process including site identification and acquisition, market research, entitlements, leasing, and disposition. In addition, Bryan represents a number of tenants including Forever 21, 24 Hour Fitness and Buffalo Wild Wings in the execution of their real estate initiatives.

Kyle Miller has a retail transaction volume in excess of $5 billion and specializes in capital markets / investment sales on behalf of institutional and private clients. He most recently served as a corporate managing director with Savills Studley where he advised clients in the acquisition and disposition of retail properties including neighborhood, community, power center, and single-tenant investments. Prior to that he worked for Grubb & Ellis and Colliers International.

"NKF Capital Markets now has another best-in-class retail investment team to complement our other strong retail teams in San Diego, San Francisco, Seattle and Phoenix," said Kevin Shannon, Co-Head of U.S. Capital Markets with NKF Capital Markets. "Our collaborative culture continues to provide Newmark Knight Frank's platform with amazing growth by attracting premier talent that institutional clients want to work with. Top capital markets teams simply want to have fun hunting together without the politics and silos that frequently exist at other firms. That is our culture."

"In Southern California we have been successfully building a substantial network of brokers with a depth of expertise that spans across every sector," commented Greg May executive vice president, regional managing director - Southern California, Newmark Knight Frank. "The members of this new team have excellent reputations in their market and specialty and they will undoubtedly add to the success of this region."

Phil Brodkin, executive vice president, managing director who oversees Newmark Knight Frank's three Los Angeles offices said: "In today's ever-changing retail landscape, retail owners and investors are extremely careful about the brokerage professionals they choose to work with. This newest roster of retail brokers has a reputation of creativity and experience in order to maximize returns and expectations. We are pleased they have chosen Newmark Knight Frank and welcome them to our Downtown LA office."

About Newmark Knight Frank
Newmark Knight Frank ("NKF"), operated by Newmark Group, Inc. ("Newmark"), is one of the world's leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, NKF's 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, NKF's strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.

Our investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting and, under trademarks and names like Berkeley Point and NKF Capital Markets, government sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Our 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. We enhance these services and products through innovative real estate technology solutions and data analytics designed to enable our clients to increase their efficiency and profits by optimizing their real estate portfolio. We have relationships with many of the world's largest commercial property owners, real estate developers and investors, as well as Fortune 500 and Forbes Global 2000 companies. For further information, visit www.ngkf.com.

Newmark, which is listed on the NASDAQ Global Select Market under the symbol "NMRK", is a publicly traded subsidiary of BGC Partners, Inc. ("BGC"), 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 "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 "BGCA."

About NKF Capital Markets
NKF Capital Markets, operated by Newmark Group, Inc., is one of the world's leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, our 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.

With roots dating back to 1929, our strong foundation makes us one of the most trusted names in commercial real estate. We provide access to a wide range of services, including asset sales, sale leasebacks, mortgage and entity-level financing, equity raising, underwriting and due diligence. The transactions we broker involve vacant land, new real estate developments and existing buildings. We specialize in arranging financing for most types of value-added commercial real estate, including land, condominium conversions, subdivisions, office, retail, industrial, multifamily, student housing, hotels, data center, healthcare, self-storage and special use. For further information, visit www.ngkf.com/capitalmarkets.

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 and BGC's Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.