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Newmark Prepares to Spin Off From BGC Partners

Standalone Status Will Boost Credit, Growth Prospects, Executives Say
Jeff Day was chief executive for Berkeley Point Capital before taking over the multifamily capital markets business of Newmark Knight Frank. Image courtesy of NKF
Jeff Day was chief executive for Berkeley Point Capital before taking over the multifamily capital markets business of Newmark Knight Frank. Image courtesy of NKF
CoStar News
November 21, 2018 | 1:00 AM

Newmark Knight Frank, ahead of its spinoff Nov. 30 into a separate company from parent BGC Partners Inc., said its chief operating officer is leaving as the brokerage attempts to position the business for growth.

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