Thank you for sharing!

Your article was successfully shared with the contacts you provided.

RUTHERFORD, NJ-Newmark Knight Frank has launched its Tri-State Capital Group, and has hired a trio away from Grubb & Ellis to head that effort, GlobeSt.com has learned. John Hoffman and Matthew Schnurr will head the operation out of NKF’s main New Jersey office here as executive managing directors, after 11 years of doing the same thing for G&E. And Lisa Adubato has been brought aboard as managing director of the new business unit.

All three had been with Grubb & Ellis in that firm’s Fairfield, NJ office. While based here, the new business unit aims to ramp up NKF’s investment sales presence in the larger tri-state suburban region encompassing New Jersey, Westchester County, NY and Connecticut.

“Growing this practice area is a high priority,” NKF president James Kuhn tells GlobeSt.com. “We are fully committed to building our existing capital markets group during 2008. We’re pleased to have this accomplished team in our ranks.”

And there’s apparently more to come. “We hope to have some additional major announcements in the next 60 days,” Kuhn says.

Together, the newly hired threesome has totaled more than $1 billion worth of transactions in the tri-state region over the past few years. Hoffman is a 30-year veteran, and as managing director of G&E’s institutional services group had been the nationwide point of contact for managing the Prudential Real Estate Investors and Sunbelt accounts. He’s credited with $16 billion worth of transactions over his career.

Schnurr, a 25-year veteran, had been with G&E’s institutional services group for more than a decade, has in recent years been credited with more than $4 billion in investment sales and maintains an inventory of more than $100 million of exclusives. Abudato had been with G&E for the past two years and focuses on the retail strip center investment market.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.