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AdvertisementHoward Lutnick opened his wallet and Rolodex to turn Newmark into a commercial real estate success. In 2011, the billionaire arranged for his affiliate financial company, BGC Group, to purchase the New York-based commercial real estate services firm Newmark for an undisclosed sum. The results have turned heads in the ultra-competitive real estate business. "It's one of the best positioned real estate players today," Goldfarb added, noting that he has an "overweight" – or buy – rating on Newmark stock. In 2014, Newmark purchased Grubb & Ellis, a commercial real estate services firm, out of bankruptcy.
Persons: Howard Lutnick, Newmark, Lutnick, Trump's, Howard, Barry Gosin, Donald Trump, Cantor Fitzgerald, Elon Musk, Barry, Alexander Goldfarb, Piper Sandler, Goldfarb, Cantor, Gosin, Mark Weiss, Scott Panzer, JLL, Panzer, Grubb, Ellis, Piper, David Falk, Falk –, Falk Organizations: Business, New, Cushman & Wakefield, Newmark, Cushman &, Economic, Newmark's Locations: Washington, Wall, New York, America, Cushman & Wakefield, Davos, Switzerland, Newmark's New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRetail landlords have the upper hand in renting, says Piper Sandler's Alexander GoldfarbAlexander Goldfarb, managing director and senior research analyst at Piper Sandler, joins 'Power Lunch' to discuss the state of retail REITs after the Thanksgiving holiday shopping weekend.
Persons: Piper Sandler's Alexander Goldfarb Alexander Goldfarb, Piper Sandler
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOffice space pessimism appears overblown, says Piper Sandler's Alexander GoldfarbAlexander Goldfarb, managing director and senior REIT analyst at Piper Sandler, joins "The Exchange" to discuss why the so-called death of offices appears overblown.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWorking from home days equal 20% hit to NYC's midtown GDP, says top REIT analystAlexander Goldfarb of Piper Sandler on whether there's a short on NYC-focused REITs. With CNBC's Melissa Lee and the Fast Money traders, Dan Nathan, Karen Finerman, Guy Adami and Steve Grasso.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe affordability of the Sun Belt cannot be overstated, says Piper Sandler's GoldfarbAlexander Goldfarb, senior REIT analyst at Piper Sandler, joins 'Power Lunch' to discuss how to look at opportunities in the REIT space, why the single-family REITs are outperforming multi-family REITs and more.
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