BGC Partners Agrees to Acquire Apartment Realty Advisors (ARA) and its members, the nation’s largest privately held, full-service investment brokerage network that focuses exclusively on the multi-housing industry – The acquisitions will significantly drive Newmark Grubb Knight Frank’s (“NGKF”) growth within the multi-housing capital markets space – – The acquired companies are expected to generate annual revenues in excess of $100 million and pre-tax distributable earnings in excess of $20 million – PR Newswire NEW YORK, Dec 1, 2014 NEW YORK , Dec 1, 2014 /PRNewswire/ — BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners,” “BGC,” or “the Company”), a leading global brokerage company servicing the financial and real estate markets, today announced that it has entered into agreements to acquire Apartment Realty Advisors (“ARA”) and its members representing substantially all of ARA’s revenues. ARA is the nation’s largest privately held, full-service investment brokerage network, focusing exclusively on the multi-housing industry […]