1031SPONSORS - Key Persons
Cantor Fitzgerald was able to acquire its assets through the bankruptcy filing for the relative bargain price of $51 million.
The new firm is called Newmark Grubb Knight Frank. Cantor Fitzgerald C.E.O. Howard Lutnick has said the firm will roll out by the end of 2012 property derivatives pegged to rents in individual buildings so landlords and tenants can hedge against unexpected market volatility.
The John Company bring over 25 years of institutional level experience. Along with experience comesinstitutional level relationships, research, due diligene, assest class, invaluable insight into management decisions, value added opportunities and years of commerceial real estate knowledge. The John Hicks Company provides institutional leadership with low cost fees creating tremendous value for investors.
Neither Jones Lang LaSalle, nor any of its partners, directors, officers, employees and agents ("Agents"), make any representations or warranties, whether express or implied, by operation of law or otherwise, with respect to this Offering Memorandum or the Property or any materials, statements (including financial statements and projections) or information contained herein or relating thereto, or as to the accuracy or completeness of such materials, statements or information, or as to the condition, quality or fitness of the Property, or assumes any responsibility with respect thereto. Such materials, statements and information have in many circumstances been obtained from outside sources, and have not been tested or verified. Projections, in particular, are based on various assumptions and subjective determinations as to which no guaranty or assurance can be give.