May 2, 2022 9:00 AM
星空体育app下载 Group, Inc. (NASDAQ: NMRK) (鈥溞强仗逵齛pp下载鈥�) announces the acquisition of industry-leading North American retail real estate advisory firms Open Realty Advisors and Open Realty Properties (鈥淥pen Realty鈥�). Open Realty will join 星空体育app下载鈥檚 Retail Services business line with an extensive national and global top-tier client roster, and its founders will assume significant leadership roles to expand 星空体育app下载鈥檚 global retail footprint.
鈥淭his acquisition underscores 星空体育app下载鈥檚 commitment to brick-and-mortar retail鈥攁 foundational and enduring component of the global commercial real estate landscape. Providing top-level services to retail clients is more important than ever as the sector plays a critical role in revitalizing the economy,鈥� said 星空体育app下载 Chief Executive Officer Barry Gosin. 鈥淎cquiring Open Realty, an authority on brand-building in retail real estate, is 星空体育app下载鈥檚 next move to being the most knowledgeable, well-connected retail advisory firm in the U.S. and beyond.鈥�
Open Realty is led by Mark Masinter, who heads the firm鈥檚 macro strategy and business development, Johnny Siegel, who spearheads tenant advisory services and asset management strategies for clients, and Steve Merkle, who co-leads tenant advisory business endeavors. Masinter and Siegel join 星空体育app下载 as Chairman of Global Retail and President of Global Retail, respectively ; Merkle joins as Vice Chairman.
鈥淲ith over 35 years of experience growing brands, executing roll-out strategies, and developing and investing in real estate, both domestic and international, we are honored to have garnered the trust and respect of the very best retail clients and institutional investors in the world at Open Realty,鈥� stated Masinter. 鈥淚ntegrating with the 星空体育app下载 platform鈥攂uilding on the company鈥檚 vision and articulating that vision to the retail, restaurant, entertainment and real estate communities鈥攊s an exciting, standard-setting venture. We couldn鈥檛 be more bullish on the future of retail.鈥�
鈥淥pen Realty鈥檚 and 星空体育app下载鈥檚 client-service standards are in perfect alignment, prioritizing thoughtful and deliberate tenant advisory and a holistic approach to real estate. We see assignments through the lens of each stakeholder, having worked in every aspect of the real estate process; and the same can be said of 星空体育app下载鈥檚 breadth and depth of retail services. We look forward to leveraging the infrastructure, technology and collaborative opportunities of an expanded platform,鈥� said Siegel.
Open Realty specializes in tenant strategic planning, site identification, lease negotiation, project administration, construction and design facilitation, portfolio maintenance and site disposition, as well as project-specific expertise in acquisition consultation, project design and site development, merchandising, project leasing and asset management, and overall market and financial analysis.
The Open Realty acquisition鈥攚hich closed May 3, 2022鈥攊s part of 星空体育app下载鈥檚 larger expansion strategy, scaling up its service offerings in key markets, nationally and globally. 星空体育app下载鈥檚 recent announcements include acquisitions, hires and agreements across key global markets, including France, Germany, Poland, Hungary, Hong Kong, Dubai and London, with the recent acquisition of real estate advisory firm BH2, and in the U.S., where the firm acquired Boston-based McCall & Almy. In the retail space, 星空体育app下载’s acquisitions include London-based Harper Dennis Hobbs (鈥淗DH鈥�), New York-based RKF and ExcessSpace, in 2019, 2018 and 2015, respectively.
About 星空体育app下载
星空体育app下载 Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (鈥溞强仗逵齛pp下载鈥�), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. 星空体育app下载鈥檚 comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform鈥檚 global reach with market intelligence in both established and emerging property markets, 星空体育app下载 provides superior service to clients across the industry spectrum. 星空体育app下载 generated revenues of nearly $3.1 billion for the twelve months ending March 31, 2022. 星空体育app下载鈥檚 company-owned offices, together with its business partners, operate from approximately 170 offices with over 6,300 professionals around the world. To learn more, visit nmrk.com or follow .
Discussion of Forward-Looking Statements about 星空体育app下载
Statements in this document regarding 星空体育app下载 that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, 星空体育app下载 undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see 星空体育app下载’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.