Justin DiMare

Managing Director, Capital Markets at Newmark Knight Frank

Justin DiMare

Justin DiMare

Managing Director, Capital Markets at Newmark Knight Frank

Biography

Justin DiMare joined Newmark Grubb Knight Frank in 2003 at the firm's New York headquarters, where he worked in asset management. Since 2005, Mr. DiMare has been with NGKF Capital Markets, where he specializes in investment property sales and development advisory services within the New York Metropolitan Area. He also focuses on representing local, medical and educational institutions.

Mr. DiMare is an integral member of NGKF Capital Markets' team of professionals, with institutional clients such as Memorial Sloan-Kettering Cancer Center (MSKCC) and Mount Sinai Medical Center. Over the last three years, he has been involved in the completion of transactions valued in excess of $1.0 billion. Recent deals include a complex land swap negotiated between the city of New York, MSKCC and Hunter College at 525 East 73rd Street, and a record land sale in Greenwich Village at 17 East 12th Street.

RECENT SALES (NGKF CLIENT):

61 Ninth Avenue: Ground lease of 130,000 SF office and retail development site in heart of Meatpacking District to Vornado Realty and Aurora Capital
17 East 12th Street: 49,834 SF development site sold for record price per SF (Term Security)
525 East 73rd Street: 820,000 SF development site between city of NY and partnership of MSKCC/Hunter College
Cabrini Medical Campus: 452,000 SF hospital/conversion property (MSKCC)
408 Broadway: 75,000 SF office building (Professional Business College)
327 East 64 Street: 65,000 SF development site (MSKCC)
412 East 90th Street: 115,000 SF development site (The Spence School)
28-20 Borden Avenue LIC: 156,000 SF development site (Sun Cap Property Group - Fed Ex)
318 West 48th Street: 45,000 SF development site (Garage Management Company)
31 West 15th Street: 125,000 SF development site (UNITE NY/NJ Joint Board)
Cascade Linen Factory, Brooklyn: 352,000 SF development site (Cascade Linen Supply)
210 West 18th Street: 126,000 SF residential re-development property (Verizon)
700 Broadway: 80,000 SF office building (Weitz & Luxenberg)
50 Varick Street: 127,260 SF office condominium (Verizon)
45 East 33rd Street: 83,000 SF development site (The Jewish Daily Forward)
Citibank Retail Portfolio: Sale/leaseback of 73 bank branches in Metro NY (Citibank)
808 Broadway: 24,000 SF retail condominium

RECENT LEASES (NGKF CLIENT):

37-22 82nd Street: 15,000 SF (Mount Sinai Medical Center)
408 Broadway: 28,500 SF with IDEO (408 Bway Associates)
770 Lexington Avenue: 25,000 SF (Mount Sinai Medical Center)
500 Seventh Avenue: 40,000 SF (Mount Sinai Medical Center)
512 West 23rd Street: 10,800 SF (NYC Fire Department)
51 Astor Place: 25,000 SF (Girls Preparatory Charter School Network)
515 West 20th Street: 15,000 SF (Arts and Fashion Group)
55-01 Second Street, LIC: 75,000 SF to City Harvest
385 Gerard Avenue, Bronx: 70,000 SF to Simpson Thatcher Bartlett

An active member of his community, Mr. DiMare is a member of the Real Estate Board of New York and the Young Alumni Leadership Council at NYU.

Mr. DiMare earned a master's degree in real estate investment from New York University, after receiving a full scholarship from the Mortgage Bankers Association. He also holds a Bachelor of Science degree from Pace University, where he majored in finance and information.

Overview
RelSci Relationships

1517

Number of Awards

1

Relationships
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Chairman, Global Corporate Services at Newmark Knight Frank

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Senior Managing Director, Brokerage at Newmark Knight Frank

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Executive Vice Chairman at Newmark Knight Frank

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Senior Managing Director, Brokerage at Newmark Knight Frank

Relationship likelihood: Strong

Senior Managing Director at Newmark Knight Frank

Relationship likelihood: Strong

Senior Managing Director, Brokerage at Newmark Knight Frank

Relationship likelihood: Strong

Senior Managing Director, Brokerage at Newmark Knight Frank

Relationship likelihood: Strong

Senior Managing Director, Brokerage at Newmark Knight Frank

Relationship likelihood: Strong

Senior Managing Director, Brokerage at Newmark Knight Frank

Relationship likelihood: Strong

Senior Managing Director, Brokerage at Newmark Knight Frank

Relationship likelihood: Strong

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Justin DiMare
Managing Director, Capital Markets at Newmark Knight Frank
Education
Master's in Real Estate Investment

Founded in 1831, New York University is now one of the largest private universities in the United States. Of the more than 3,000 colleges and universities in America, New York University is one of only 60 member institutions of the distinguished Association of American Universities. From a student body of 158 during NYU's very first semester, enrollment has grown to more than 40,000 students attending 18 schools and colleges at five major centers in Manhattan and in sites in Africa, Asia, Europe, and South America. Today, students come from every state in the union and from 133 foreign countries. The faculty, which initially consisted of fourteen professors and lecturers (among them artist and inventor Samuel F. B. Morse), now totals over 3,100 full-time members whose research and teaching encompasses the humanities, the sciences, and the social sciences; the law; medicine; business; education; the fine arts, studio art, and the performing and cinematic arts; music; social work; public administration; the ancient world; and continuing and professional studies. With more than 2,500 courses offered, the University awards more than 25 different degrees. Although overall the University is large, the individuals schools and colleges are small- to moderate-sized units—each with its own traditions, programs, and faculty – and there are many communities to be found within the NYU community based on interests, activities, and shared experiences. The center of NYU is its Washington Square campus in the heart of Greenwich Village. One of the city's most creative and energetic communities, the Village is a historic neighborhood that has attracted generations of writers, musicians, artists, and intellectuals. NYU, in keeping with its founder’s vision, is “in and of the city”: the University – which has no walls and no gates – is deeply intertwined with New York City, drawing inspiration from its vitality. In addition to its Manhattan locations, the University is also formally affiliated the Polytechnic Institute of NYU in Brooklyn, the second oldest school of engineering and technology in the country, and has research facilities, notably the Nelson Institute of Environmental Medicine, in Sterling Forest, near Tuxedo, New York. And NYU has established itself as the first global network university, with a comprehensive liberal arts campus in Abu Dhabi – the first to be operated abroad by a major U.S. research university – and other sites for study and research in Accra, Ghana; Berlin, Germany; Buenos Aires, Argentina; Florence, Italy; London, England; Madrid, Spain; Paris, France; Prague, the Czech Republic; Shanghai, China; and Tel Aviv, Israel, among other locations.

Bachelor of Science in Finance & Information

Since 1906, Pace University has produced thinking professionals by providing high-quality education for the professions with a firm base in liberal learning amid the advantages of the New York Metropolitan Area. A private university, Pace has campuses in New York City and Westchester County, enrolling almost 13,000 students in bachelor’s, master’s, and doctoral programs in its College of Health Professions, Dyson College of Arts and Sciences, Lubin School of Business, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. Pace is a University whose resources have played an essential role in the realization of individual dreams of achievement, and whose mission is voiced in the motto: Opportunitas. Pace Institute began its transformation after World War II into a modern university with emphasis on the liberal arts and sciences. With dynamic leadership and fiscally sound management, Pace grew from rented facilities and few resources into one of the largest universities in New York State, with a multimillion dollar physical plant, an endowment of nearly $100 million and a reputation for excellent teaching and talented, ambitious graduates. At the heart of Pace’s academic values is a historic commitment to excellence in teaching, as manifested by small classes, an emphasis on skill development and critical thinking, special tutoring and support services, and academic advising. Academic experiences at Pace emphasize teaching from both a practical and theoretical perspective, drawing on the expertise of full-time and adjunct faculty members who balance academic preparation with professional experience to bring a unique dynamic to the classroom. The University supports and encourages scholarly activity among its intellectually vital faculty. Much of the work has professional application, and Pace particularly invites scholarship that directly relates to the classroom experience and involves students in the research process. Additionally, Pace has recognized the importance of educating students with a global perspective; Pace is building an increasing array of study abroad options, a successful mentoring program that has produced 37 Fulbright scholars since 2002, and a focus on international recruitment. Pace University in the 21st century is shaped by its enduring traditions of opportunity and innovation. More than 100 years after its founding, the University continues its commitment to providing access to a diverse population while innovating to meet the needs of the global economy.

Memberships
Member
Current

REBNY was created in 1896 as the state’s first real estate trade association. It works on behalf of the mutual interests of its members by promoting public and industry policies. The organization frequently speaks before government bodies with the primary goals of expanding New York’s economy, encouraging the development and renovation of commercial and residential property, enhancing the city’s appeal to investors and residents and facilitating property management.

Career History
Managing Director, Capital Markets
2003 - Current

Newmark Knight Frank is one of the world's leading commercial real estate advisory firms. It provides fully integrated platform of services to prominent multinational corporations and institutional investors across the globe, as well as to occupiers, owners and developers of real estate on a local, regional and national level. NGKF, together with its affiliates and London-based partner Knight Frank, employs more than 11,000 professionals, operating from more than 340 offices in established and emerging property markets on five continents.

Awards & Honors
Mortgage Bankers Association Scholarship
Other Affiliations

Justin DiMare is affiliated with Newmark Knight Frank

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