Real Estate Journal — September 15 - 28, 2017 — 3A


M id A tlantic

M id A tlantic R eal E state J ournal Include NY/NJ, Phila., Wilmington, Baltimore & DC NKF announces agreement to acquire six IRR offices

Peter Gallicchio Broker/President pgallicchio@remcorealty.net 732-253-0888 ext. 102 370 Campus Dr., Suite #128 Licensed Real Estate Broker

N ew York, NY — Newmark Knight Frank (NKF) is con- tinuing the ground-up con- struction of its Valuation &Ad- visory practice with thoughtful selection of some of the most prominent professionals and practices in the market, with an agreement to acquire the assets of six Integra Realty Resources offices, includ- ing New York/New Jersey, Philadelphia, Wilmington, Baltimore, Washington D.C., and Atlanta. The acquisitions were led by NKF CEO, Barry Gosin and valuation & advi- sory president, John Busi . The acquisitions will mark another pivotal moment for the firm, which has recently announced its agreement to ac- quire leading commercial real estate finance company Berke- ley Point Financial, has made several key hires in its Capital Markets business segment, and continues to concentrate on its near- and long-term future. The IRR offices will augment a rapidly expanding Valuation & Advisory practice group, which has grown signifi- cantly in the past year. “This deal is the centerpiece of a carefully developed strat- egy,” said Busi. “The profes- sionals that will now become part of the NKF platform were founding partners in the IRR franchise, and their names have long been associ- ated with that known brand. After spending our careers as competitors, we now have the opportunity to work side-by- side to build a business that combines all the best elements of the organizations we came from.” With our eastern flank al- most fully in place, together with the great hires we’ve made in Texas, the Midwest and the West, our foundation is well on its way to its com- plete realization. In the next quarter, we will bring online the balance of the other market and specialty practice leaders,” Busi continued. Gosin commented on the announcement, “As we strive to build the most complete commercial real estate offering possible, Valuation &Advisory will continue to be a critical focus. The additional resources and expertise provided by the IRR offices will better enable us to deliver top-notch consult- ing, analysis and resources and afford our clients the best possible financial outcomes.” n

Somerset, NJ 08873 Cell: 732-713-0227 Fax: 732-253-0887


Shown from left: Joe Pasquarella, John Busi, Pat Kerr and Ray Cirz

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