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Newmark Grubb Knight Frank Expands Latin American Presence With Mexico City's Alles Group

Stocks in this article: BGCP

NEW YORK, March 19, 2013 /PRNewswire/ -- Alles Group Mexico City, one of the largest independent commercial real estate services firms in Mexico City, has joined the Newmark Grubb Knight Frank (NGKF) family, expanding NGKF's presence in Latin America. Effective immediately, the company will do business as Newmark Grubb Mexico City, giving NGKF an important presence in one of Mexico's most active real estate markets and broadening its services throughout the region.

(Logo: http://photos.prnewswire.com/prnh/20120821/MM60819LOGO )

As one of the world's top five metros by population, multinational corporations are increasingly viewing Mexico City as a vital hub for their operations, and development activity across all sectors is strong. This includes mixed-use projects in the CBD, retail centers throughout the metropolitan area, and modern industrial and logistics facilities at the outskirts of the city. The manufacturing sector, in particular, is booming, led by the export of autos.

" Mexico City is increasingly in demand by property investors and corporate users of real estate, and it is a key international city that has been underserved with respect to the office and retail sectors," said Barry M. Gosin, NGKF's chief executive officer. "Driving forces like globalization and 'backshoring' of industry from Asia to North America, combined with greater economic diversity, are accelerating capital investment throughout the region, and thus commercial property.

"Newmark Grubb Mexico City is a strong local partner that will immediately help us grow our capability in the region," stated Mr. Gosin. "The firm's professionals embrace our 'strategy to implementation' client service approach and share our commitment to delivering high-quality market information and innovative real estate solutions."

Established in 1997, Newmark Grubb Mexico City is led by founding partner Giovanni D'Agostino, president, in conjunction with executives Jay Mulay and Harold Murray. The firm's 25 professionals provide a full suite of services with a focus on tenant and landlord representation and investment sales for office, industrial and retail property.

Mr. D'Agostino said, " Mexico is poised for substantial growth in the coming decade in all aspects of commercial real estate, including capital markets. Our clients' real estate needs are becoming more sophisticated every day, and our decision to join the NGKF platform was driven by the company's ability to offer a full spectrum of services – everything from global corporate services to leasing and management to investment sales and capital markets advisory. There is no other firm in the industry that can compete on this level."

Newmark Grubb Mexico City's local professionals and their clients will have access to NGKF's global resources and relationships, and to unparalleled capital markets expertise and capabilities through NGKF's parent company BGC Partners, Inc., and BGC's relationships with Cantor Fitzgerald and Cantor Commercial Real Estate.

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