BGC's Newmark Frank buys NoCal real estate company

The deal for Cornish & Carey is expected to be immediately accretive upon closing, which is expected to be completed around mid-year. Terms of the deal were not disclosed.

Cornish & Carey is a Northern California commercial real estate company with over 275 brokers and $135M in revenue in 2012.

Newmark CEO Barry Gosin: "Our partnership with Cornish & Carey has been tremendously successful ... A primary driver of NGKF's growth is acquiring spectacular talent in key markets."

BGCP +5.9%

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