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Newmark Acquires Renowned North American Retail Advisory Business, Open Realty

May 03, 2022•over 3 years ago

Acquiring Company

Newmark

Acquired Company

American Retail Advisory Business

New YorkReal EstateSoftwareFinancial ServicesAdvertising

Description

Newmark Group, Inc. (NASDAQ: NMRK) ("Newmark") announces the acquisition of industry-leading North American retail real estate advisory firms Open Realty Advisors and Open Realty Properties ("Open Realty"). Open Realty will join Newmark's Retail Services business line with an extensive national and global top-tier client roster, and its founders will assume significant leadership roles to expand Newmark's global retail footprint.

Company Information

Company

Newmark

Location

New York, New York, United States

About

Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's 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's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed