Newmark, a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announced that Chief Executive Officer Barry Gosin will assume the additional role of Chairman of its operating company, Newmark & Company Real Estate, Inc.
Mr. Lutnick, who was recently confirmed as the United States 41st Secretary of Commerce, has stepped down from his Executive Chairman position and the Company’s Board of Directors.
“Barry is an exceptional leader who is deeply respected and admired by employees and clients alike and has been a close friend and strategic partner for more than a decade,” said Howard Lutnick. “Together we have built one of the greatest commercial real estate companies in the United States – from a privately held company into a publicly held powerhouse that boasts an approximate $3.7 billion market capitalization. I have complete confidence in Barry’s ability to lead the firm and drive Newmark’s continued global expansion.”
Barry Gosin is responsible for overseeing Newmark’s strategic direction and has been instrumental in guiding its dramatic expansion. Serving as CEO since 1979, he spearheaded Newmark’s sale to Howard Lutnick’s BGC Partners, Inc. in 2011 and Newmark’s IPO in 2017, as well as the Company’s spin-off from BGC in 2018. Since 2011, Newmark has been the fastest growing commercial real estate services company and has increased annual revenues by over 1,000%. Over the past ten years, the Company has expanded its commercial and multifamily origination market share approximately sixfold and increased its investment sales share by more than two and a half times.
Gosin is a member of the Executive Committee of the Board of Directors for the Partnership of New York City and a member of the Executive Committee of the Board of Governors at the Real Estate Board of New York. He is also a Trustee of Pace University and was honored with the Leaders in Management award. Additionally, he serves on the Board of Directors for Fountain House, a non-profit organization that provides community, employment and advocacy for people with serious mental illness in New York City and the country.
