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Newmark Prepares CEO Succession as Headquarters Renovations Start

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Sig3.10Sen-0.80Env0.00Soc0.00Gov-1.60

Newmark’s headquarters at 125 Park Avenue has been unusually quiet as the firm renovates multiple floors and many brokers work offsite. CEO Barry Gosin, who has led the company for nearly five decades, will step down at the end of the year. Newmark’s long-term search process points to COO Lou Alvarado, while the Lutnick family’s Cantor Fitzgerald holds 16.4% of shares and more than 50% of voting power.

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