NGKF Appoints Two Senior Managing Directors
By Barbra Murray, Contributing Editor
Global brokerage company BGC Partners Inc. continues to build up its BGC Real Estate Capital Markets division with the recent appointment of two senior managing directors, Garett Stoffels and Jonathan Falik. The industry experts join Newmark Grubb Knight Frank, the firm that emerged as a result BGC’s combining of Newmark Knight Frank and the recently acquired former Grubb & Ellis Co.
A veteran of the real estate equity capital markets and advisory world, Stoffels comes to the table with more than 18 years of experience and transactions valued at $125 billion under his belt. He has honed his skills over the years through various leadership positions, having most recently served as global head of Cantor Fitzgerald’s private capital group, where he spearheaded global real estate fundraisings. He has also held top positions in real estate financing at Atlantic-Pacific Capital and Bear, Stearns & Co. Inc.
Falik comes aboard NGKF as head of hospitality capital markets. Falik, who also has a history exceeding 18 years in capital markets, has had a hand in hotel transactions totaling more than $25 billion. Like Stoffels, he joins the team from Cantor Fitzgerald, where he headed up the company’s lodging investment banking division. Falik also has a background leading his own firm, JF Capital Advisors, a capital structure and M&A advisory firm. His experience in the lodging industry also includes the role of CEO of Eagle Hospitality Properties Trust, as well as senior officer with Bear, Stearns & Co. Inc.’s real estate and lodging investment-banking group.
It’s been less than two months since BGC closed the acquisition of substantially all of Grubb & Ellis Co.’s assets and proceeded to create NGKF, but the global brokerage firm has wasted precious little time creating a group of top-notch real estate industry all-stars to guide its capital markets platform. Other recent additions to the staff include Kenneth Szady who is now an executive managing director. NGKF has also welcomed capital markets pros Mark Brown, Jeremy Stoler, N. Dante LaRocca and John Tesoriero to the team.