(RealShare New York comes to the Grand Hyatt, New York, NY, October 9.)
NEW YORK CITY-Newmark Grubb Knight Frank is expanding and staffing up its appraisal, valuation and consulting services following the creation of the combined company earlier this year. Landauer Valuation & Advisory, a division of NGKF that the brokerage acquired from Grubb & Ellis after the companies merged, has added five industry veterans to its executive board, which will be led by Robert Von Ancken.
According to a company statement, Milton Chacon, Gerald R. Sanders, Lynda Gallagher, Greg Kendall and David Wood will join board chairman Von Ancken in implementing the expansion of the platform throughout NGKF’s global real estate services operations.
“The extraordinary team at Landauer provides another boost to our capacity to cover the entire spectrum of real estate services,” says James D. Kuhn, president of NGKF, in a statement. “The platform is designed to create long lasting relationships with clients who view us as an extension of their organizations. With the ever-changing nature of the commercial real estate industry and the impact those changes have on property values, there is a critical need for best-in-class valuation advisory services.”
A 40-year veteran of the business, Von Ancken, based in NGKF’s New York office, notes that he is gratified to be part of a dynamic, growing global firm. “We efficiently and effectively leverage the prodigious data available to us because we are not just observers of the market. We are in the market, developing, providing capital, negotiating deals and resolving disputes,” he says.
Chacon, who is based in New York City, has been named COO of Landauer. In this capacity, he will facilitate the integration and growth of the revitalized Landauer brand by coordinating its activities and business pursuits with the larger NGKF and BGC operation. “The addition of Landauer Valuation & Advisory is another example of our pursuit to develop a full-service real estate platform for our valued clients,”he says. “By providing best practices and collaboratively optimizing resources across practice groups and service lines, we are poised to provide the highest level of integrated real estate services in the global marketplace today.”
Sanders, also based in New York, will head business development and institutional client relations for Landauer. He has more than 25 years of experience valuing, providing specialty consulting services and expert witness testimony for all types of complex institutional real estate assets nationwide.
In March, the US Bankruptcy Court for the Southern District of New York approved the sale of BGC Partners Inc. to acquire substantially all the assets of Grubb & Ellis. BGC, a global brokerage firm, recently acquired Newmark & Co. Real Estate Inc., which operates as Newmark Knight Frank in New York City and Knight Frank in London. BGC gained control of Newmark’s US commercial real estate brokerage and advisory firm, plus a controlling interest in its affiliated companies, encompassing 425 brokers.
[Kuhn will be speaking at RealShare NY on Oct. 9. Be there!]
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