Newmark, Regal in management venture.Newmark & Company Real Estate, Inc. and Regal Management & Systems, Inc. have joined their considerable forces to form Newmark Residential Real Estate Management, Inc. -- a new company which will offer residential management services to its clients. James D. Kuhn, Newmark's president, and Fred Rothschild, Regal's president, made the announcement. Together, Newmark & Company and Regal Management & Systems account for approximately 35 million square feet of commercial and residential property management throughout the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of tri-state area There are a number of places in the United States known as tri-state areas where three states or holdings meet at one point (a tripoint), or in proximity to each other. The two most well-known are for the New York and Chicago metropolitan areas. . Regal Management manages approximately 10 million square feet of residential space comprised of more than 10,000 individual apartment units throughout New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. as well as 1.7 million square feet of commercial space in New York and Philadelphia. Newmark & Company manages more than 100 commercial buildings with an aggregate of 23 million square feet of space in New York City and across the tri-state area. Newmark Residential Real Estate Management, Inc. will enable Newmark & Company to offer residential management services to its institutional clients who -- either intentionally or unintentionally -- have acquired residential properties. In turn, Regal Management will gain access to the institutional marketplace. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Kuhn, the formation of Newmark Residential Real Estate Management is a key step in Newmark & Company's commitment to providing comprehensive real estate management service. Newmark & Company -- which was founded in 1929 and now boasts offices in Manhattan, Westchester and Hackensack, New Jersey -- recently formed a new division, Newmark Institutional Management Group, dedicated to providing the most sophisticated financial, accounting and reporting capabilities to support its growing institutional property management client base. A number of prestigious properties have come under the umbrella of Newmark's Institutional Management Group's services, including 660 Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. , 40 Fulton Street Fulton Street is a common name.. In New York City, the name is frequently associated with Robert Fulton, who invented a steam boat.
The Village of Tarrytown is located in the northwest part of the Town of Greenburgh, New York. . Of late, many of Newmark's institutional and other clients have expressed the need for residential management as well. In forming Newmark Residential Real Estate Management, Newmark and Regal have created what could be the largest full-service property management company in the Northeast. |
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