Newmark Knight Frank buys Gale management company.Newmark Knight Frank, together with management of the firm, has acquired a majority controlling interest controlling interest
The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in Gale Global Facility Services, formerly a subsidiary of Mack-Cali Realty Corporation.
The acquisition establishes a new division, Newmark Knight Frank Global Management Services (GMS GMS Greater Mekong Subregion
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Together with the firm's existing property management business, Newmark Knight Frank is now one of the largest property/facilities management firms worldwide, with a leasing and management portfolio in excess of 100 million square feet covering 49 of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and over 40 countries.
Both domestically and internationally, Newmark Knight Frank GMS has established a successful track record while operating as GFS See Google File System.
GFS - Grandfather, Father, Son , serving a wide client base that includes major financial services firms, electronics groups, airlines, and telecommunications companies. Clients include AT&T, GlaxoSmithKline, Panasonic Corporation of North America, Simon Property Group Simon Property Group, Inc. (NYSE: SPG), also known as SIMON, an S&P 500 company headquartered in Indianapolis, Indiana, is the largest developer of shopping malls in the United States. Simon Property Group, Inc. (for which GMS provides facilities maintenance and janitorial services), UPS, and 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 Life. GMS is ISO-compliant and offers a full range of services, including corporate facilities management; investment and acquisition operational expense due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. ; office services; project management/construction; janitorial services; mechanical services; landscaping services; asset management and lease administration.
"The acquisition of GFS fits beautifully into Newmark Knight Frank's overall strategy," says Scott Panzer, executive vice president and principal of Newmark Knight Frank. "Our goal is not necessarily to be the largest real estate services firm, but to offer our clients the full range of value added Value Added
The enhancement a company gives its product or service before offering the product to customers.
This can either increase the products price or value. services while maintaining the highest reputation for execution and implementation. GFS is known in particular for its expertise in crisis management and superior facilities management systems. Ian Marlow, president of GFS, and the executives at GFS, are considered some of the top authorities in their field with a proven record of cost savings for clients."
Ian M. Marlow, the division's president and chief executive officer, has led the charge to build the infrastructure for the national and international facilities management platform, and will continue to oversee day-to-day operations for the commercial, retail and industrial portfolio.
"Over the past years, we have worked in partnership with our clients worldwide to create value and positive operational impact," says Marlow. "With the depth of our infrastructure and services and the global reach of the Newmark Knight Frank integrated service model, collectively we greatly enhance what both groups can offer to our current and future roster of clients."
One of those clients is Simon Property Group, Inc., a global owner, developer and manager of retail real estate. "Simon is strongly focused on and committed to ensuring that the standards of our properties exceed not only those of our industry, but even more importantly, they exceed the high standards we have set for ourselves. For that reason, we have aligned ourselves with what we consider to be the best in class organizations, like GFS, to help us achieve that goal," said Paula Ramey, vice president, Simon Business Network.