Succession: another pesky consideration attendant upon the awareness of one’s mortality. Now that Newmark Knight Frank’s leaders, Barry Gosin, Jeff Gural and Jimmy Kuhn, are all in mid-to-late middle age and spending a lot of their time on philanthropic works, which young upstarts will ultimately fill their shoes? And who will ensure that Newmark Knight Frank, a privately held real estate company, continues to thrive?
Today, Newmark announced that David Falk has been named president of the New York tri-state region.
“More promotions are expected to follow shortly as Gosin and Kuhn bring along the next generation of leaders at the firm,” said Mira Matic, a spokeswoman for the firm. And, as is the case whenever some are promoted and others passed over, there will likely be some defections, too.
Mr. Falk has been at Newmark since 1996 and was made an executive managing director and partner in 2000. In his new position, he’ll head up brokerage operations in the tri-state region. “My goal is to make Newmark Knight Frank, from a brokerage perspective, the number one place to do business in the New York Tri-State area,” Mr. Falk said, in a statement.
The promotion follows on the heels of the recent ascension of Michael Ippolito to chairman of global corporate services, and the departure of Scott Panzer and his sizeable team to Jones Lang LaSalle.