NEW YORK, June 4, 2012 /PRNewswire/ -- BGC Partners, Inc. (NASDAQ:BGCP) ("BGC Partners" or "BGC"), a leading global brokerage company servicing the wholesale financial and property markets, today announced the appointment of Jonathan Falik as Senior Managing Director and Head of Hospitality Capital Markets for BGC Real Estate Capital Markets. Mr. Falik, who brings more than 18 years of hospitality investment banking and capital markets expertise, has been directly involved in transactions aggregating in excess of $25 billion, representing over 2,000 hotels. His appointment strengthens BGC/Newmark Grubb Knight Frank's growing roster of leading capital markets real estate professionals and further strengthens of its hospitality industry focus.
"I'm delighted to welcome Jonathan to our growing BGC Real Estate Capital Markets team," said Michael Lehrman, Global Head of Real Estate at BGC. "Jonathan has enjoyed a distinguished career in hospitality investment banking and capital markets, thanks to his deep understanding of the industry, his strong relationships with investors, operators, lenders and developers, and his premier skills and expertise in capital raising and advisory services, all of which we expect to capitalize on for the benefit of our clients and platform."
He continued: "We are committed to creating a fully integrated hospitality platform for the real estate industry. The continued expansion of our hospitality capital markets capabilities is a natural complement to the leasing, management, investment sales and other services already offered by Newmark Grubb Knight Frank."
"I am delighted to join Michael and the BGC/Newmark Grubb Knight Frank team and to leverage my vast hospitality industry experience as an agent, advisor, principal, owner, borrower, guarantor, franchisee, lender and asset manager to create and deliver value added solutions and superior transaction execution for our hospitality industry clients."
Mr. Falik's hospitality capital markets and advisory expertise offers additional depth and breadth to BGC/Newmark Grubb Knight Frank's growing suite of services within its real estate platform.
Prior to joining BGC, Mr. Falik served as Head of Cantor Fitzgerald's Lodging investment banking group where he was responsible for overseeing equity, debt, and advisory transactions for hospitality industry clients. Previously, Mr. Falik was the Founder and CEO of JF Capital Advisors, a boutique capital structure and M&A advisory firm and was the CEO of Eagle Hospitality Properties Trust, a 13 hotel private REIT. Formerly, Mr. Falik was a senior officer in the Real Estate and Lodging Investment Banking group of Bear, Stearns & Co. Inc. Mr. Falik will be based in New York and will report directly to Michael Lehrman, Global Head of Real Estate at BGC.
Mr. Falik received an MBA from Columbia Business School and a BA in Economics from Rutgers College.
About BGC Partners
BGC Partners, Inc., a leading global brokerage company primarily servicing the wholesale financial and property markets, has over 7,000 employees in New York, London and dozens of cities around the world, and conducts over $200 trillion in financial transactions for customers annually. BGC offers customers over 220 products, including commercial real estate, fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, and structured products.
BGC's technology helps customers determine the value of a transaction and execute transactions at the best possible price. BGC's customers include many of the world's largest banks, hedge funds, governments and investment firms. Trades are executed through BGC's brokers, or through its hybrid and fully electronic brokerage services.
BGC, named after fixed income trading innovator B. Gerald Cantor, also offers financial technology solutions, market data, and analytics through its eSpeed, BGC Trader, and BGC Market Data brands, and provides clearing, processing, and other support services. For more information, please visit www.bgcpartners.com.
About Newmark Grubb Knight Frank
A part of BGC Partners, Inc. (NASDAQ:BGCP), Newmark Grubb Knight Frank is one of the largest commercial real estate service firms in the U.S. It brings together the strategic consultative approach to creating value for clients and leading position in the New York market that are hallmarks of Newmark Knight Frank; the complementary strengths of Grubb & Ellis in leasing and management, investment sales, valuation and capital markets services; and BGC's financial strength, proprietary technology, expertise in global capital markets and deep relationships with many of the world's leading financial institutions.
Newmark Grubb Knight Frank and its London-based partner Knight Frank together operate from more than 300 offices in established and emerging property markets on five continents. This major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide.
SOURCE BGC Partners, Inc.