Newmark Knight Frank - Reputation

Question

Wanted to get a current grasp of NKF's reputation these days considering they 100% spun off from BGC Partners and went public late 2018.

How are they regarded in terms of the full service brokerages (CBRE/JLL/CW)? Could you still consider them one of the top 5 CRE firms?

More specifically, looking for any insight into their NYC Capital Markets teams and their reputation in that realm. The team I am looking into is very active nationally and globally, and has quite the deal sheet, so would you think getting analyst experience here would be worth it?

ThatGuyBalls · Accepted Answer

Reputation has gotten strong as of late due to poaching.

The NYC team is killer and sounds like you'll be working more than just NYC market.

I will say that NKF has not quite figured out the cohesiveness that really drives value in brokerage. They're getting there but don't quite have the infrastructure that HFF or EDS has.

gig sounds promising. congrats.

CRE Sparky · Answer

National firm that is trying to gain a bigger share through acquisitions of top teams across the country. Like any brokerage shop it’s team dependant. What team? Is this with Dustin Stolly’s team? They crush it and would provide for great deal flow. However, have heard some stories about a harsh work environment. Albeit, through third party so can’t confirm. Dustin seems to be a pretty cool guy.

MonkeyWrench · Answer

If you're working with or tangentially connected to Shannon's team, you're going to be working a ton of hours.  I don't know how it has been working recently with bonuses at NKF, but from what I've heard from several people in a couple of different markets they don't pay that well for the time/hours you put in.  But obviously deal flow will be stellar.  So you will be set up for your next gig but will not be making serious dough in the short term, if my sources are correct.

MonkeyWrench · Answer

This is the right way to look at it, just wanted you to have all the facts.  It's also very difficult to move up there given how top heavy it is, so you should plan to stay 1-2 and then out for sure.  This happens a lot at brokerages anyway, but I think that shop there is even less of a retention % than at other places like CB, JLL, C&W, Colliers, etc.

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Newmark Knight Frank - Reputation

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