Newmark is pleased to announce that three new appraisers have joined Philadelphia’s expanding Valuation & Advisory practice. J. John Gasparre, MAI, Stephen J. Cook II and Andrew Barbato are the newest members of Newmark’s Valuation & Advisory practice. All three appraisers are based in the Philadelphia office, led by Joseph D. Pasquarella, MAI, CRE, FRICS.
This local growth is reflective of Newmark Valuation & Advisory’s national expansion. Since March of 2017, its national Valuation & Advisory practice has grown from approximately 15 people to more than 300 people.
Bringing 35 years of experience to his role, J. John Gasparre, MAI, has joined the Philadelphia office as a senior vice president. Prior to joining Newmark, he served as a vice president with CBRE, as a member of the firm’s retail, multifamily and national office valuation team. Throughout his successful career, he has prepared valuations and market analyses on a broad range of property types including super-regional malls, lifestyle centers, single-tenant retail, industrial, office buildings, mixed-use developments and vacant land, to name a few. Mr. Gasparre has carried out valuations for mortgage financing, tax appeal, investment counseling, potential sale or purchase, leasehold and rental analysis and feasibility analysis. His clients have included commercial banks, developers, corporations, individual property owners, public agencies, insurance companies and legal firms. Mr. Gasparre also successfully oversaw the startup of a valuation office for CBRE in New Orleans, Louisiana.
Also new to the Philadelphia office are Stephen J. Cook II, who joined as first vice president, and analyst Andrew Barbato. Mr. Cook has 10 years of real estate experience and specializes in industrial real estate, focusing on suburban Philadelphia, central Pennsylvania, the Lehigh Valley and Northeastern Pennsylvania industrial markets.
“We are excited to be adding more talent to our Philadelphia office and to offer clients real time market data and the skills of nationally recognized specialty practice leaders. Our local Valuation & Advisory expansion is reflective of Newmark’s national strategy to attract the best talent to service our clients’ needs,” said Mr. Pasquarella.
“The enhanced value we gained when Joe Pasquerella and his team joined Newmark and formed the Valuation and Appraisal team in Philadelphia, is nothing short of exceptional. They are a trusted, recognized and respected team in the Philadelphia market,” said John Busi, president of Newmark’s Valuation & Advisory group.
Newmark (“Newmark”), 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, Newmark’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, Newmark’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 Newmark 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”.
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.