Barry Gosin, who has run Newmark Group for nearly 47 years, will step down as chief executive at the end of this year, the commercial real estate advisory firm announced Aug. 7. Gosin, who became CEO in 1979, will leave the role effective Dec. 31, 2026, but will remain with the company as Chairman of Newmark & Co. Real Estate, its operating company, under an amended employment agreement that extends through 2029.
Newmark’s board of directors expects to identify a new CEO by the end of the year. The company did not name a successor or timeline for an announcement in Tuesday’s release.
A near-half-century tenure
“I have spent nearly my entire career at Newmark, working alongside an exceptional team whose dedication, talent and commitment have made the Company’s success possible,” Gosin said in the announcement. “The Company is stronger than ever, our strategy is working, and the opportunities ahead are substantial, which is why I believe now is the right time to take a step back from day-to-day operations.”
Newmark Board Chairman Stephen Merkel, who is also the company’s executive vice president and chief legal officer, credited Gosin with building the firm into its current form. “We are delighted that Barry will remain with the Company as Chairman of the operating company to help the next generation of leadership as they guide Newmark through its next chapter of growth,” Merkel said.
What Gosin leaves behind
Newmark went public in 2017 and was spun off from BGC Partners in 2018. Under Gosin, the firm grew into a Nasdaq-listed commercial real estate advisory business with more than 10,000 professionals across roughly 195 offices and trailing 12-month revenue exceeding $3.6 billion as of June 30, 2026. The CEO transition comes on the heels of a strong stretch for the company: Newmark posted record second-quarter revenue of $888.4 million, up 17% from a year earlier, with double-digit gains across every business line, and the firm has been expanding internationally, including its fourth European valuation-firm acquisition of 2026 just one day before Gosin’s announcement.
What it means: Newmark said the succession decision reflects confidence that the company’s strategy is working, not a response to weak performance — a framing supported by the firm’s recent record quarter. Gosin’s continued role as chairman of the operating company through 2029 suggests the board is aiming for a gradual handoff rather than an abrupt break. Who succeeds him, and whether that person comes from inside Newmark’s existing leadership ranks, is a decision the board has not yet made public; RealtyWire will follow up when a successor is named.
