5/30/2008
“Since its founding in 2002, Predium has grown from just two brokers to more than 30 employees, which is a testament to the outstanding brokerage, corporate service and portfolio management capabilities we provide,” said Weinstein. “We decided that the best way for us to continue this outstanding growth pattern was to join an organization with the global presence and resources necessary to serve the needs of today’s biggest clients. Our name is changing, but the service and market insight we provide—now backed by the resources of Newmark Knight Frank—will remain the same. We look forward to helping one of the industry’s biggest companies become a key player in the Dallas/Fort Worth area.”
“Newmark Knight Frank has maintained an office in the Dallas area for several years, but we believe that the great potential of this region requires a much larger presence,” said Barry Gosin, chief executive officer of Newmark Knight Frank, which also has an office location in Houston that opened in 2002. “When presented with the opportunity to acquire Predium, which has built a strong reputation both locally and nationally, we decided now was the time to act to significantly expand our market coverage in the Dallas/Fort Worth area. As they become integrated into the Newmark Knight Frank family, we are excited about the potential Seth and his team have to grow our office, retail, industrial and investment sales business in North Texas.”
Newmark Knight Frank is one of the largest independent real estate service firms in the world. We provide comprehensive real estate solutions to many of the most prominent corporations, property owners, investors and developers across the globe.
New York-headquartered Newmark Knight Frank and London based partner Knight Frank Newmark operate over 165 offices in established and emerging property markets on six continents. Last year, we completed transactions valued at more than $47.6 billion, with revenues exceeding $872 million. With a staff of 6,300 employees, we have created an effective global platform from which to serve the property needs of our growing list of clients.
Newmark Knight Frank Acquires Predium to Augment Dallas Presence
Newmark Knight Frank is pleased to announce the acquisition of the Dallas-based real estate firm Predium. Seth Weinstein and Mitch Wolff, founders of Predium, will join Newmark Knight Frank as managing principals of the Dallas office. The acquisition enables Newmark Knight Frank to significantly expand its presence in the North Texas commercial real estate market.“Since its founding in 2002, Predium has grown from just two brokers to more than 30 employees, which is a testament to the outstanding brokerage, corporate service and portfolio management capabilities we provide,” said Weinstein. “We decided that the best way for us to continue this outstanding growth pattern was to join an organization with the global presence and resources necessary to serve the needs of today’s biggest clients. Our name is changing, but the service and market insight we provide—now backed by the resources of Newmark Knight Frank—will remain the same. We look forward to helping one of the industry’s biggest companies become a key player in the Dallas/Fort Worth area.”
“Newmark Knight Frank has maintained an office in the Dallas area for several years, but we believe that the great potential of this region requires a much larger presence,” said Barry Gosin, chief executive officer of Newmark Knight Frank, which also has an office location in Houston that opened in 2002. “When presented with the opportunity to acquire Predium, which has built a strong reputation both locally and nationally, we decided now was the time to act to significantly expand our market coverage in the Dallas/Fort Worth area. As they become integrated into the Newmark Knight Frank family, we are excited about the potential Seth and his team have to grow our office, retail, industrial and investment sales business in North Texas.”
Newmark Knight Frank is one of the largest independent real estate service firms in the world. We provide comprehensive real estate solutions to many of the most prominent corporations, property owners, investors and developers across the globe.
New York-headquartered Newmark Knight Frank and London based partner Knight Frank Newmark operate over 165 offices in established and emerging property markets on six continents. Last year, we completed transactions valued at more than $47.6 billion, with revenues exceeding $872 million. With a staff of 6,300 employees, we have created an effective global platform from which to serve the property needs of our growing list of clients.
