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Newmark Group
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Newmark Group
Newmark Group Inc. is a global commercial real estate advisory and services firm headquartered in New York City. It operates as Newmark, and is listed on the NASDAQ Global Select Market under the symbol "NMRK".
According to MSCI, Newmark was the third-largest investment broker in the Americas in 2023. In its ‘Top CRE Brokerage Firms of 2023, Commercial Property Executive ranked Newmark 3rd.
In 2011, the company was acquired by Cantor Fitzgerald, headed by Howard Lutnick. In 2025, Lutnick became commerce secretary in the second Donald Trump administration.
Newmark was founded in 1929 in Manhattan by Dave Newmark.
In 1953, Aaron Gural joined Newmark & Company as a real estate broker, later purchasing the company in 1956 with partners. Gural served as Chairman of Newmark & Company from 1957 to 1998.
Under Gural's leadership, Newmark began acquiring properties throughout Manhattan starting with 230 Fifth Avenue. Other notable property acquisitions during this time included the Film Center Building at 630 Ninth Avenue and the historic DuMont building at 515 Madison Avenue. Gural became known as one of the first real estate executives to see the potential for restoring West Side industrial sites and abandoned lofts in the Garment District.
In 1978, Aaron Gural's son, Jeffrey Gural, and Barry Gosin took ownership of the company.
Throughout the late 1980s, in response to a lull in New York City's real estate market, Gosin began building Newmark’s brokerage and advisory division. Gosin would later tell The New York Times that it was Newmark's unique combination of being a brokerage firm and having a significant investment portfolio that set the firm apart in the industry.
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Newmark Group
Newmark Group Inc. is a global commercial real estate advisory and services firm headquartered in New York City. It operates as Newmark, and is listed on the NASDAQ Global Select Market under the symbol "NMRK".
According to MSCI, Newmark was the third-largest investment broker in the Americas in 2023. In its ‘Top CRE Brokerage Firms of 2023, Commercial Property Executive ranked Newmark 3rd.
In 2011, the company was acquired by Cantor Fitzgerald, headed by Howard Lutnick. In 2025, Lutnick became commerce secretary in the second Donald Trump administration.
Newmark was founded in 1929 in Manhattan by Dave Newmark.
In 1953, Aaron Gural joined Newmark & Company as a real estate broker, later purchasing the company in 1956 with partners. Gural served as Chairman of Newmark & Company from 1957 to 1998.
Under Gural's leadership, Newmark began acquiring properties throughout Manhattan starting with 230 Fifth Avenue. Other notable property acquisitions during this time included the Film Center Building at 630 Ninth Avenue and the historic DuMont building at 515 Madison Avenue. Gural became known as one of the first real estate executives to see the potential for restoring West Side industrial sites and abandoned lofts in the Garment District.
In 1978, Aaron Gural's son, Jeffrey Gural, and Barry Gosin took ownership of the company.
Throughout the late 1980s, in response to a lull in New York City's real estate market, Gosin began building Newmark’s brokerage and advisory division. Gosin would later tell The New York Times that it was Newmark's unique combination of being a brokerage firm and having a significant investment portfolio that set the firm apart in the industry.