BGC Partners
BGC Acquires Berkeley Point, Minority Stake in New CRE Biz
The company and its affiliate Cantor Fitzgerald paid $875 million to purchase the capital solutions provider, and invested an additional $100 million in finance and investment business CF Real Estate Finance Holdings LP.
Newmark Unveils New Name, Eyes IPO
Dropping “Grubb” from its corporate handle, the services firm has rebranded as Newmark Knight Frank. Its parent company, BGC Partners, is planning to spin off the real estate services unit in an IPO in the fall.