Lutnick’s BGC Partners plans IPO for Newmark

Howard Lutnick’s BGC Partners, the parent company of Newmark Grubb Knight Frank, took the first step Thursday toward spinning the brokerage off into a separate company through an initial public offering. The company issued a statement Thursday saying it had confidentially submitted a draft registration statement relating to the IPO with the Securities and Exchange […]

Former Newmark broker claims Kuhn favored brother-in-law in commission dispute

A former Newmark Grubb Knight Frank broker claims company president Jimmy Kuhn should have picked up a red card when he favored his brother-in-law in a commission dispute over a lease for a soccer league. Brokers George Valliades and Lawrence “Chip” Porter worked as partners in the firm’s capital markets group and had a verbal […]

Zegna, Taconic buy Flatiron District building for $65M

UPDATED, July 1, 3:41 p.m.: Is 23rd Street going couture? The Italian family that’s owned the luxury suiting company Ermenegildo Zegna for four generations and Taconic Investment Partners picked up an office building in the Flatiron District for $65 million. The Zegna family closed in June on 61 West 23rd Street, a seven-story cast iron […]

ICSC Day 3: Work hard, play harder – PHOTOS & highlights

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