Xverity Launches CaregiverAssistSM for Employer and Home Care Markets Tech-enabled solution creates 24/7 “caregiver presence”

Bethlehem, PA – Xverity, Inc., a technology-enabled caregiving services company, today announced the launch of CAREGIVERASSISTSM, a nationwide social ecosystem designed to support caregivers and provide safety, security and peace of mind for care recipients.

CAREGIVERASSIST is available in two versions: one for the employee market to help relieve the stress of juggling dual responsibilities as caregiver and employee, the second for the home care industry  In both cases, CAREGIVERASSIST creates a 24/7 “caregiver presence” when the paid home care professional or unpaid family caregiver is not with the care recipient.  A key component of CaregiverAssist is an Advocacy Center staffed by trained personnel to answer questions and, when appropriate, refer the caller to other CaregiverAssist resources.

Joe Cellucci, Xverity founder and CEO, said that CAREGIVERASSIST is the first high-touch/high-tech services solution for employers dealing with 20% productivity losses, higher health benefits costs, and 32% voluntary terminations among employee caregivers, and for home care companies trying to balance increased efficiency with a positive customer experience. A cancer survivor and only-child caregiver for his mother, Cellucci transformed a technology platform used by thousands of chronically ill outpatients in the UK.  “Here in the US, we spoke with HR professionals about gaps in corporate-sponsored programs to support employee caregivers.  And we reached out to our seven-member Innovation Advisory Board for their expert input and reaction to the design of CaregiverAssist.  For the home care market, we polled our home care network to learn about caregiving from their perspective as managers of professional caregivers,” Cellucci said.

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How IoT Testing Will Make Telemedicine More Credible?

Contributed by Cigniti Technologies.

Healthcare industry was a late bloomer in terms of digital transformation – but, once it took the plunge, it is going ahead with full swing. As per a Business Insider Intelligence report, this digital transformation is triggered by the changing consumer demands and the need for reducing costs. The key players which initiated this shift are the digital solutions such as Electronic Health Records (EHRs), Telehealth, AI, wearables, and blockchain.

Jason Krantz – CEO, Definitive Healthcare – emphasized on the proliferation of Telehealth with the support of Internet of Medical Things (IoMT), Artificial Intelligence and Machine Learning in a recent webinar on “Top Healthcare Trends in 2019”. Growing at an exponential rate, global telehealth industry is expected to hit $130 Billion by 2025 while the IoMT market will rise to $409.9 Billion. As of 2018, funding for U.S. digital health sector has touched $6.8 Billion. There is an increase in the adoption of telemedicine, with technology-driven smart insights gaining momentum. As of now, nearly 1800 hospitals use mobile applications to monitor and interact with patients. These devices are generating massive amount of data, which must be dealt with effectively. With AI and deep learning, the collected data can be utilized in real time to deliver efficient care.

The Blessings of Telemedicine

The focus of Telehealth or Telemedicine is on improving access and saving costs. It paves a two-way street, which ensures convenience for both care providers and receivers. The number of deaths occurred annually, due to delayed medical assistance, is staggering. Even if 911 delivers assistance on time, many-a-times the nearest hospitals do not have the required expertise to treat the incoming patient. In such cases, crucial time is wasted in transporting the patient to the expert facility. Telemedicine equips hospitals, big or small, to accept and treat an emergency patient irrespective of the availability of in-house specialists. It essentially facilitates remote connectivity, eliminating the need to physically cover the distance.

It is not that easy, or is it?

The idea of getting healthcare delivered to you at the comfort of your home, when you can barely get out of the bed, seems tempting. But, presence of a screen removes the magic of doctor’s touch. Majority of the population still prefers physical examination over an algorithm’s analysis. This apprehension is a huge obstacle to a wider adoption of telehealth.

While hospitals are involving predictive analysis for a more accurate assessment, there is a dark side to AI that they need to consider. At the end of the day, AI is a machine, which depends on data to learn patterns and make decisions. Even the slightest error in the data may prove to be of dangerous consequences, especially in healthcare. Additionally, there is also a high possibility of data breaches. Healthcare industry traditionally works in silos, where patient privacy is of utmost concern as the stakes are high. The 18 data breaches happened in 2018 compromised over 1 lac healthcare records, driving the attention to the cybersecurity aspect of Telemedicine.

Why AI, ML, and IoMT are in the picture?

Because, they are the picture!

With the rise of consumerism in healthcare, the tech-savvy, price-sensitive patients now prioritize convenience above everything else. The market is proliferating with IoMT devices and wearables. These devices are used to maintain the flow of data between patients and doctors. They also provide easy accessibility to existing health records for reference purposes and offer a platform to maintain an open communication channel. Due to the physical absence, AI and ML are critical in reading reports, analyzing data, and presenting a final diagnosis, based on which the doctors can take a call and make the necessary prescriptions.

How Does IoT Testing Bring It All Together?

IoT Testing of medical devices ensures a seamless execution of this “Virtual healthcare” strategy. As IoMT devices offer a platform to establish a dialogue between the patients and caregivers, it is extremely important that it functions smoothly. Also, the sensitivity of data involved requires that the cyber-walls are fortified with apt reliable solutions. IoT testing becomes imperative in making the whole system immune to threats and preventing data leaks.

Telemedicine, Telehealth, or mHealth has set out to revolutionize the way healthcare is received or provided. With the incorporation of technology, the modern healthcare industry will significantly improve the average quality of life.

New Warehouse Deliveries Drive Absorption Gains

Philadelphia, PA (April 30, 2018) — Newmark Knight Frank (NKF) released its first-quarter 2018 reports for Greater Philadelphia and the I-81/78 Corridor industrial markets. The combined markets closed the period with 0.8 million square feet of occupancy gains. Quarter-over-quarter, the combined vacancy rate stayed flat at 6.6 percent as the market remained extremely tight. There were only two deliveries this quarter, both warehouse properties. 139 Fredericksburg Road in the Central Pennsylvania submarket delivered a 225,875-square-foot expansion that was promptly occupied by Ace Hardware, while 305 East Church Road in Montgomery County, a 49,102-square-foot building, delivered vacant. The I-81/78 Corridor continued to capture the majority of the warehouse pipeline, where, 8.9 of the combined markets’ 14.4 million square feet of new space is being built.

The Southern New Jersey market recorded 226,511 square feet in negative absorption, its first quarter of negative posting since the second quarter of 2015. The Camden County submarket experienced the greatest loss with 179,120 square feet of negative absorption, followed by Burlington County with 44,461 square feet and Gloucester County with 2,930 square feet. Quarter-over-quarter, overall vacancy in the market increased 20 basis points, but remains low at 4.2 percent. While vacancy in Burlington and Glouster Counties remained steady at 3.7 and 5.8 percent, respectively, vacancy in the Camden County submarket rose 60 basis points to 3.6 percent. Two major moves came as Bellmawr Laundry left 74,000 square feet at 281 Benigno Avenue in Camden County and AMF Holdings vacated 48,000 square feet at 1808 River Road in Burlington Township. Despite the slight uptick in vacancy, optimism for the future of the market remains high. According to Kurt Montagano, NKF senior managing director, “Despite increasing rents in the Southern New Jersey markets, demand continues to outpace supply, creating spec and build-to-suit activity.”

The New Castle County, Delaware market slowed compared to fourth-quarter 2017, but remained active. The market reported 124,936 square feet in positive absorption, lowering the vacancy rate by 50 basis points from year-end 2017 to 15.3 percent. With the continued activity, rent in general industrial, warehouse/distribution, and R&D/flex sectors all increased, driving the overall rent up $0.14 to $4.67 per square foot. Lease rates for the R&D/flex sector had the highest gains, jumping $0.60 to $6.68 per square foot, while the warehouse and general industrial sectors ticked up $0.20 and $0.10, respectively, to $4.98 and $4.26 per square foot.

The Southeastern Pennsylvania market closed the first quarter with 273,109 square feet in occupancy loss. In Philadelphia County, Cardone Industries’ 1.325-million-square-foot distribution center, located at 5501 Whitaker Avenue, was put on the market for sale or lease. That disappointing news was offset by the following new deals: Dependable Distributions moved into 332,640 square feet at 9801 Blue Grass Road and 185,000 square feet at 11200 Roosevelt Boulevard, and Rainbow occupied 365,000 square feet at 2951 Grant Avenue. All things considered, vacancy for the quarter still ticked up 10 basis points to 6.4 percent, which is still considered extremely tight. Eustace Wolfington, NKF senior managing director, had this to say; “Demand in the market for industrial space has intensified and lease rates are among the highest this market has ever seen. The scarcity of available properties is driving prices up, benefitting sellers and landlords.” This quarter, the overall lease rate rose $0.02 to $5.48 per square foot, the highest rate in over ten years. The R&D/Flex rate led the way, rising $0.09 to end at $9.06 per square foot – the highest rate ever posted by that sector.

Vacancy for I-81/78 Corridor warehouse/distribution properties stayed flat in the first quarter of 2018 at 6.8 percent. The market recorded 1.2 million square feet of positive absorption, half of the five-year quarterly average of 2.4 million square feet. Tim Brogan, NKF senior managing director, noted, “Though the e-commerce boom in the warehouse sector continues, land and space to fulfill requirements are becoming scarce. 8.9 million square feet of spaces is currently under construction, while at the same time there are approximately fifteen 1.0 to 1.2 million square foot requirements, plus twelve 500,000 to 800,000 square foot requirements pursuing space in the market.” Along with slowing absorption, land scarcity is also driving up rental rates. The overall rate rose $0.08 to $4.44 per square foot, and all three market sectors experienced positive increases. The largest climb was in the warehouse and distribution and R&D/flex sectors, which both rose $0.11 to end at $4.50 per square foot and $7.68 per square foot, respectively. The $4.50 per square foot rental rate for warehouse properties is the highest since the third quarter of 2007.

About Newmark Knight Frank
Newmark Knight Frank (“NKF”), operated by Newmark Group, Inc. (“Newmark”), is one of the world’s leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, NKF’s strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.

Our investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting and, under trademarks and names like Berkeley Point and NKF Capital Markets, government sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Our occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. We enhance these services and products through innovative real estate technology solutions and data analytics designed to enable our clients to increase their efficiency and profits by optimizing their real estate portfolio. We have relationships with many of the world’s largest commercial property owners, real estate developers and investors, as well as Fortune 500 and Forbes Global 2000 companies. For further information, visit www.ngkf.com.

Newmark, which is listed on the NASDAQ Global Select Market under the symbol “NMRK”, is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”), a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol “BGCP”. BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol “BGCA”.

Discussion of Forward-Looking Statements about Newmark

Statements in this document regarding Newmark 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. Except as required by law, Newmark 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 Newmark’s and BGC’s Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.

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Smart Devices Improve Quality of Life for Older Adults Cellucci Tells Lehigh Valley Aging in Place Meeting

Allentown PA –  Speaking to members of Lehigh Valley Aging in Place about the Internet of Things and its impact on virtually every aspect of health care,  Xverity CEO, Joe Cellucci, described the advantages of available smart devices to be placed in the homes of patients discharged from the hospital, older adults who choose to remain in their homes and people who suffer from dementia and Alzheimer’s disease to monitor their health and send alerts when an intervention by a family member, caregiver or clinician is needed.

Cellucci was the speaker at the group’s April meeting held at Luther Crest Senior Living Community.  More than 30 professionals from health care, home care and home health care providers attended the meeting for an update on how technology is enabling a smooth continuation of care for people transitioning from a clinical setting to a home environment.

At the outset of his presentation, Cellucci referenced his own experience with the health care system. “I’m a cancer survivor and an only-child caregiver for my mother before she died. I know first-hand the feelings of anxiety and helplessness when there seems to be no one available to help.  So, being a techy who solves other people’s problems, I thought there had to be a better way,” Cellucci said.  His company, Xverity, Inc., has offices in Ben Franklin’s TechVentures and Fort Washington.

Smart Devices/add 1

Cellucci said that interactive devices such as Amazon’s Alexa are being placed in homes to augment personal care provided by family members and other caregivers.  “Our customers’ users can use Alexa and other smart devices to stay connected to the services they need and the clinicians who treat their illnesses. A physician, nurse practitioner or care manager can access a display of real time data transmitted by sensors to monitor a patient’s compliance with a life care plan that might include taking their medication, eating regularly, exercising and resting.  Feedback on the person’s emotional health can also be displayed, indicating when the person is anxious, afraid, agitated or calm and under control. These devices and the incredibly sophisticated algorithms that produce useable, actionable information are transforming home care and home health care and are putting the patient back in the center of the health care ecosystem, “he said.

Asked about the cost of the new technology, Cellucci said that like most breakthrough technology, the cost has been declining, putting it within reach of the people who need it the most.

About Xverity, Inc. – Founded in 2015, Xverity is a technology-enabled services company specializing in assuring a smooth continuum of care for patients transitioning from a clinical to a home environment.  Xverity’s solutions range from screening and risk stratification protocols to help design a personalized patient Life Plan, practical engagement tools to connect with patients and their families through voice (e.g., Amazon Echo), video, monitoring devices and personalized applications, and an interconnected service provider ecosystem visible to everyone involved in a patient’s care and ongoing wellbeing.  Xverity.com

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Updates for Fairmount Partners

Fairmount is the most active M&A firm based in the Mid-Atlantic, with a national and international practice.  Since 2003, the firm has completed more than 200 transactions throughout North and South America, Europe, Asia and Australia.   Fairmount specializes in advising middle-market companies on sell-side, buy-side and capital placement transactions, and provides fairness opinions and strategic advice in the transaction context.

  • Represented Strata Skin Sciences (Nasdaq: SSKN), a medical technology company focused in dermatology and plastic surgery, in securing $17 million of growth financing from an investor group led by Accelmed Growth Partners, an investment firm focused on value creation for medical device companies and technologies.  The transaction is under contract, pending shareholder approval at a meeting to take place during the quarter ending June 30, 2018.

Team Members News:

  • Matt Carey joined Fairmount Partners as an Analyst.  Prior to joining Fairmount, Matt worked as an analyst for J.P. Morgan in their Private Banking group. In his previous role, Matt helped advise ultra-high net worth families and individuals on investment and portfolio management as well as long-term financial planning. Matt Carey earned his B.A. in Economics, with honors, from the Johns Hopkins University. He is currently a Level III CFA candidate.
  • Peter Born joined Fairmount Partners as a Junior Analyst. Prior to joining Fairmount, Peter worked as an economic research analyst for the Hungarian Delegation in the European Parliament in Brussels, Belgium. There, he conducted a study of the TTIP and TiSA trade agreements and presented his findings to the delegation.  Peter Born earned his B.A. in Political Science with a minor in International Relations from Saint Joseph’s University.
  • Michael Rudderow joined Fairmount Partners as an Analyst.  Prior to joining Fairmount, Michael worked as an analyst with Evergreen Advisors Capital, a boutique investment bank outside of Baltimore.  There, Michael worked on sell-side and buy-side mergers & acquisitions, private placements, and corporate advisory engagements for clients across a variety of industries.  Michael earned his B.B.A. in Finance from The George Washington University.

 

Southeastern Pennsylvania Suburbs Begin the Year with a Bang

Philadelphia, PA (April 12, 2018) — Newmark Knight Frank (NKF) released its first-quarter 2018 office reports for the greater Philadelphia region. The reports detail bullish activity in Southeastern Pennsylvania and slowly improving market conditions in the Philadelphia Central Business District (CBD). Market fundamentals remain soft in the Southern New Jersey office market, while Delaware’s suburban office markets out performed Downtown Wilmington.

Southeastern Pennsylvania continued on a hot streak and recorded 479,334 square feet of positive absorption for the first quarter of 2017. This was 82.0 percent of 2017’s total absorption. Reid Blynn, NKF executive managing director, notes, “There are several tenants with large requirements looking in Southeastern Pennsylvania. It is possible that the market could gain 1.0 million square feet of new occupancy by year’s end.” Annual absorption for Southeastern Pennsylvania has averaged 583,383 square feet over the past five years.

Vacancy fell 50 basis points to 14.5 percent and was the lowest rate in over a decade. In the Blue Bell/Plymouth Meeting submarket, Cotiviti occupied 86,621 square feet at the recently renovated 785 Arbor Way. At 2501 Seaport Drive located in the Central/Southern Delaware submarket, Keystone Sports and Entertainment and PowerHome Remodeling occupied 23,000 square feet and 40,000 square feet, respectively. Over in the Radnor/Main Line market, Brandywine backfilled 40,000 square feet at Radnor Financial Center.

Southeastern Pennsylvania’s Class A rent increased by $0.19, from year-end 2017, to $30.00 per square foot. The Radnor/Main Line submarket concluded the first quarter with an average rent of $39.12 per square foot. It may be possible for Class A rent to break $40.00 per square foot somewhere in the suburbs before the end of the year. Finally, Class B rent grew by $0.23 to $24.59 per square foot, attributed to rent increases at Spring Mill Corporate Center and additional availability at Spring Mill Pavilion. Both properties are located in Conshohocken.

The CBD posted 107,812 square feet of negative absorption for the first quarter of 2018, mainly attributed to tenant activity at a small group of buildings in the West Market’s Class A sector. Downsizing and fewer tenants relocating from outside of the CBD market kept the vacancy at high levels for most of 2017. Some tenants that attributed to the vacancy include: 95,062 square feet formerly occupied by Comcast, at the Logan’s, was returned to the market, Deloitte “right-sizing” from 120,000 square feet to 90,000 square feet at 1700 Market Street, and Montgomery McCracken’s relocating from 120,000 square feet at 123 South Broad Street to 67,000 square feet at 1735 Market Street. As a result, Class A vacancy increased 40 basis points to 12.6 percent. However, NKF forecasts improved market conditions for the rest of the year. The new Comcast Tower will deliver in April and add 1.3 million square feet in positive absorption. NKF assisted Neumann Finance, a newly created equipment-leasing firm in partnership with Beneficial Bank, with a 21,695-square-foot lease at 123 South Broad Street. The company will occupy later this year. In addition, tenants from surrounding submarkets and Southern New Jersey are interested in securing outpost offices in the CBD.

All building classes experienced a bump in gross rent attributed to rising occupancy costs from the implementation of new real estate taxes. From year-end 2017, Class A asking rent increased $1.33 to $33.90 per square foot. Said Craig Scheuerle, NKF executive managing director, “Owners relatively new to the Philadelphia market, including Shorenstein, Coretrust and American Real Estate Partners, are increasing rents with major capital expenditures on lobby renovations and amenity/conference centers.”

Southern New Jersey market fundamentals remained soft at the close of the first quarter. Over the past three months, the average direct Class A rent fell $0.44 to $24.42 per square foot, while the Class B rate decreased by $0.11 to $19.95 per square foot. Quarter-over-quarter, the overall vacancy rate rose by 70 basis points to 14.7 percent. The market recorded 65,371 square feet of negative absorption. DeVry University closed its 14,731-square-foot location at 921 Haddonfield Road in Cherry Hill. Additionally, T&M Associates relocated from 19,000 square feet at 1256 North Church Street, in Moorestown, to 12,000 square feet at 200 Century Parkway, located in Mount Laurel. Anne Klein, NKF executive managing director, notes, “It will take some strong backfilling of space, as tenants occupy their new buildings in the city of Camden over the next 12-18 months, to maintain low vacancy levels.” While the largest new transaction executed in the first quarter was Corporate Synergy Group’s lease of 26,737 square feet at 2 Aquarium Drive, located in the Pennsauken/Camden submarket, most leases were by users under 10,000 square feet.

There was some good news from the investment front. Over the past year, typical purchasers of multi-tenant properties have shifted from REITS to local private investors. The market is now drawing interest from investors outside the region. One is a Texas-based private investor that has four office assets under contract and the other is from a Massachusetts healthcare REIT focused on two Marlton office properties.

In the first quarter, the Wilmington CBD posted 10,436 square feet in negative absorption, while the suburbs recorded 71,663 square feet in occupancy gains. Sallie Mae’s move to 57,576 square feet at 90 Christiana Road in Wilmington South was the main reason for the suburbs positive absorption. Vacancy in the CBD increased for the second consecutive quarter to 17.8 percent. The Wilmington South and Wilmington West submarkets reported quarterly declines of 120 basis points and 60 basis points, respectively, to 10.9 percent and 18.9 percent. There were minor upticks in Class A and Class B rental rates for the CBD. However, the Wilmington North market recorded a $0.49 uptick due to 500,000 square feet, formerly owned by AstraZeneca, which was returned to the market at 1800 Concord Plaza.

Neal Dangello, NKF senior managing director, noted, “The city’s higher operating costs, such as parking, employment and wage taxes, make it less desirable for tenants. Expect to see more back-office operations shifted out of the city.” This could further weaken conditions in downtown, which may contend with more than 500,000 square feet returned to the market if Bank of America’s Bracebridge office buildings are purchased by an investor and added to the inventory.

About Newmark Knight Frank
Newmark Knight Frank (“NKF”), operated by Newmark Group, Inc. (“Newmark”), is one of the world’s leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, NKF’s strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.

Our investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting and, under trademarks and names like Berkeley Point and NKF Capital Markets, government sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Our occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. We enhance these services and products through innovative real estate technology solutions and data analytics designed to enable our clients to increase their efficiency and profits by optimizing their real estate portfolio. We have relationships with many of the world’s largest commercial property owners, real estate developers and investors, as well as Fortune 500 and Forbes Global 2000 companies. For further information, visit www.ngkf.com.

Newmark, which is listed on the NASDAQ Global Select Market under the symbol “NMRK”, is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”), a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol “BGCP”. BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol “BGCA”.

Discussion of Forward-Looking Statements about Newmark

Statements in this document regarding Newmark 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. Except as required by law, Newmark 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 Newmark’s and BGC’s Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.

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NKF Continues Valuation & Advisory Expansion in Philadelphia

Philadelphia, PA (April 12, 2018) — Newmark Knight Frank (NKF) is pleased to announce that four new appraisers have joined Philadelphia’s expanding Valuation & Advisory practice. J. John Gasparre, MAI, Stephen J. Cook II, Andrew Barbato and Joseph Zakrzewski are the newest members of NKF’s Valuation & Advisory practice. All four appraisers are based in the Philadelphia office, led by Joseph D. Pasquarella, MAI, CRE, FRICS.

This local growth is reflective of NKF Valuation & Advisory’s national expansion. Since March of 2017, its national Valuation & Advisory practice has grown from approximately 15 people to more than 300.

Bringing 35 years of experience to his role, J. John Gasparre, MAI, has joined the Philadelphia office as a senior vice president. Prior to joining NKF, he served as a vice president with CBRE, as a member of the firm’s retail, multifamily  and national office valuation team. Throughout his successful career, he has prepared valuations and market analyses on a broad range of property types including super-regional malls, lifestyle centers, single-tenant retail, industrial, office buildings, mixed-use developments and vacant land, to name a few. Mr. Gasparre has carried out valuations for mortgage financing, tax appeal, investment counseling, potential sale or purchase, leasehold and rental analysis and feasibility analysis. His clients have included commercial banks, developers, corporations, individual property owners, public agencies, insurance companies and legal firms. Mr. Gasparre also successfully oversaw the startup of a valuation office for CBRE in New Orleans, Louisiana.

Also new to the Philadelphia office are Stephen J. Cook II, who joined as first vice president, and analysts Andrew Barbato, and Joseph Zakrzewski. Mr. Cook has 10 years of real estate experience and specializes in industrial real estate, focusing on suburban Philadelphia, central Pennsylvania, the Lehigh Valley and Northeastern Pennsylvania industrial markets. Mr. Barbato, and Mr. Zakrzewski will utilize their combined 56 years of experience to strengthen the foundation of the Philadelphia Valuation & Advisory team and expand service offerings to our clients throughout the region.

“We are excited to be adding more talent to our Philadelphia office and to offer clients real time market data and the skills of nationally recognized specialty practice leaders. Our local Valuation & Advisory expansion is reflective of NKF’s national strategy to attract the best talent to service our clients’ needs,” said Mr. Pasquarella.

“The enhanced value we gained when Joe Pasquerella and his team joined NKF and formed the Valuation & Appraisal team in Philadelphia is nothing short of exceptional. They are such a trusted, recognized and respected team in the Philadelphia market,” said John Busi, president of NKF’s Valuation & Advisory practice.

About Newmark Knight Frank
Newmark Knight Frank (“NKF”), operated by Newmark Group, Inc. (“Newmark”), is one of the world’s leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, NKF’s strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.

Our investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting and, under trademarks and names like Berkeley Point and NKF Capital Markets, government sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Our occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. We enhance these services and products through innovative real estate technology solutions and data analytics designed to enable our clients to increase their efficiency and profits by optimizing their real estate portfolio. We have relationships with many of the world’s largest commercial property owners, real estate developers and investors, as well as Fortune 500 and Forbes Global 2000 companies. For further information, visit www.ngkf.com.

Newmark, which is listed on the NASDAQ Global Select Market under the symbol “NMRK”, is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”), a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol “BGCP”. BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol “BGCA”.

Discussion of Forward-Looking Statements about Newmark

Statements in this document regarding Newmark 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. Except as required by law, Newmark 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 Newmark’s and BGC’s Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.

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