Newmark Grubb Knight Frank (NGKF) continues to add to its powerful national NGKF Capital Markets division with the hiring of top sales brokers James Cassidy and Jud Ryan as executive managing directors in the Washington, DC, office. Working together over the past 15 years, Cassidy and Ryan have completed over 375 transactions, averaging approximately 25 to 30 major transactions per year. The addition of these powerhouse brokers brings NGKF Capital Markets’ platform to the forefront of yet another major gateway city, solidifying NGKF’s national prominence with market-leading teams in the Boston, Los Angeles and Seattle, and now Washington, DC, markets.
“With several strategic acquisitions over the past year, our capital markets group has established a leading presence in four of the top seven gateway coastal cities for investors in North America,” noted NGKF Chief Executive Officer Barry Gosin. “The addition of James and Jud in the region of our nation’s capital will strengthen our capital markets operations both nationally and internationally.”
President of NGKF James D. Kuhn stated, “Adding best-in-class brokers such as James and Jud for a leading presence in yet another key market continues to elevate the NGKF Capital Markets profile. With premier talent such as Kevin Shannon on the West Coast and Robert Griffin and our capital markets team in Boston, NGKF has unquestionably become an industry leader with a robust team of leading professionals throughout North America.”
“James Cassidy and Jud Ryan bring with them outstanding reputations as top investment sales brokers and truly perceptive deal makers,” added Robert Griffin, U.S. head of capital markets. “They represent exceptional additions to our team and I am enthusiastic about working with them to continue building upon our national NGKF Capital Markets platform.”
Cassidy joins NGKF Capital Markets with more than 18 years of commercial real estate experience in both investment sales and leasing. During his career, he has participated in more than $25 billion worth of sales transactions. Prior to NGKF, Cassidy was a member of the capital markets group in the Washington, DC, office of Cushman & Wakefield. He provided owners of institutional real estate with disposition services for office, industrial and multifamily buildings and land as well as joint venture structuring, recapitalization and debt and equity placement in the Greater Washington area as well as Baltimore, Maryland; Richmond, Virginia; and Raleigh-Durham and Charlotte, North Carolina. Within the last year, Cassidy sold the largest industrial portfolio ever in Washington, DC, and executed the sale leaseback of LMI’s headquarters condominium interest in Tysons Corner, garnering the highest price per square foot ever paid in that market. In 2012, he was named one of the “Top Forty Under Forty” real estate executives by Real Estate Forum, and in 2013, Commercial Property Executive singled him out as one of the industry’s “Stars to Watch.”
Ryan brings over 16 years of experience to NGKF Capital Markets. In addition to handling the disposition of single assets and portfolios, he has experience with building pre-sales, equity placements, ground leases, condominium interests, air rights, partnership transfers and corporate sales. Since 2000, he has been involved in more than $25 billion of investment sales activity. Ryan previously served as an executive managing director at the Washington, DC, office of Cushman & Wakefield, where he specialized in capital markets and investment sales. During his tenure, he handled office, industrial, commercial land, multifamily and retail transactions. While focused on Washington, DC, he was also involved in sales in markets such as Richmond, Virginia; Raleigh-Durham, North Carolina; and Columbia, South Carolina. Ryan recently handled the sale of a 1.5 million-square-foot medical portfolio in Washington, DC, for $500 million, as well as the sale of 500 8th Street in DC for $318 million. In 2014, he was named the Virginia Sales Agent of the Year by the Commercial Real Estate Brokerage Association.
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/.