March 27, 2013

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Article

NAI West to become Newmark Grubb ACRES

Press Release

March 27, 2013

Salt Lake City—Newmark Grubb Knight Frank (NGKF) today announced that NAI West, a former affiliate of NAI Global, will begin doing business as Newmark Grubb ACRES effective immediately.

"Utah is one of the few states to set a new post-recession employment peak," said Barry M. Gosin, NGKF chief executive officer. "Its strong and diverse economy led by industries like technology, biomedical and genetic research, manufacturing, energy and mining, presents significant opportunity for our clients. We are extremely excited to expand our presence here with the exceptional talent and capabilities of Newmark Grubb ACRES.”

Established in Salt Lake City in 1998, Newmark Grubb ACRES is led by founding partner Michael B. Falk, president. With four offices, more than 100 professional brokers and more than 80 staff members, the firm provides a suite of services with a focus on tenant and landlord representation, property management, corporate services, land and investment sales for office, industrial and multi-family property.

Low taxes, the youngest labor force in the nation, rank as the third fastest-growing population, a favorable regulatory environment and track record as a fiscally responsible state government earns Utah national praise. In 2012, Forbes magazine ranked Utah the No. 1 "Best State for Business and Careers" for the third straight year, and CNBC ranked Utah No. 2 for the "Best State for Doing Business".

“Being ranked Best State for Business by Forbes three years in a row is evidence of our teamwork based approach to economic development in the State. Our public and private sector work together to create an environment for success,” said Jeff Edwards, president and CEO of the Economic Development Corporation of Utah. “Newmark Grubb ACRES is a strong local partner that will continue to help us grow our capability in the region.”

Newmark Grubb Knight Frank is a part of BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets. For further information, visit www.bgcpartners.com.

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