SALT LAKE CITY, UT—Newmark Grubb Knight Frank (NGKF) said today that Utah's leading commercial real estate services firm NAI West, a former affiliate of NAI Global, is now doing business as Newmark Grubb ACRES, giving NGKF a dominant position in one of country's most active real estate markets.

"Utah is one of the few states to set a new post-recession employment peak," said Barry M. Gosin, NGKF chief executive officer. "Its strong and diverse economy led by industries like technology, biomedical and genetic research, manufacturing, energy and mining, presents significant opportunity for our clients. We are extremely excited to expand our presence here with the exceptional talent and capabilities of Newmark Grubb ACRES.

"NGKF's value proposition and success is driven by our unwavering client-centric philosophy. We continue to bring together best-in-class professionals across the country and, with our global reach and unmatched resources via our parent company BGC Partners and its affiliates Cantor Fitzgerald and Cantor Commercial Real Estate, the NGKF advisory platform represents one of the most powerful solutions in the real estate industry."

Established in Salt Lake City in 1998, Newmark Grubb ACRES is led by founding partner Michael B. Falk, president. With four offices, over 100 professional brokers and more than 80 staff members, the firm provides a full suite of services with a focus on tenant and landlord representation, property management, corporate services, land and investment sales for office, industrial and multifamily property.

“We can better ensure the quality and timeliness our clients deserve by having a seamless, fully integrated platform. The choice in NGKF was driven by our research that no other firm could meet our clients' needs as effectively. We look forward to partnering with the top-tier professionals at NGKF for our clients benefit.”

Low taxes, the youngest labor force in the nation, rank as the third fastest-growing population, a favorable regulatory environment and track record as a fiscally responsible state government earns Utah national praise. In 2012, Forbes magazine ranked Utah the No. 1 "Best State for Business and Careers" for the third straight year, and CNBC ranked Utah No. 2 for the "Best State for Doing Business".

Newmark Grubb Knight Frank is one of the world's leading commercial real estate advisory firms. Together with its affiliates and London-based partner Knight Frank, Newmark Grubb Knight Frank employs more than 11,000 professionals, operating from more than 340 offices in established and emerging property markets on five continents.