Newmark — formerly known as Newmark Knight Frank — is one of the world’s top commercial real estate services firms and brokerages.
The firm was founded in 1929 in Manhattan as Newmark & Company. In 1952, employee Aaron Gural and partners bought Newmark and started picking up properties around the borough, starting with 230 Fifth Avenue.
Gural’s son, Jeffery Gural, teamed up with Barry Gosin, Newmark’s chief executive as of early 2021, in 1978 and bought the company. The pair went on a buying spree around the borough — including picking up the famed Flatiron Building — and grew the company’s portfolio to more than 8 million square feet. (Gural later separated the landlord side of the business into GFP Real Estate in 2017, while Gosin remains focused on the brokerage end.)
In 2006, Newmark — also known as Newmark & Company — formed a partnership with London-based brokerage Knight Frank and became Newmark Knight Frank. With Gosin leading the efforts, Manhattan-based BGC Partners acquired Newmark Knight Frank in 2011, but it spun off from BGC in 2018. Newmark Knight Frank went public that same year.
The firm and its precursors have acquired more than 50 companies since 2011 — including the retail powerhouse RKF — and ditched the Knight Frank portion of its name in 2020 to become, simply, Newmark Group, or Newmark for short.