Howard W. Lutnick is chairman and chief executive officer of BGC Partners, Inc., a global brokerage company serving the wholesale financial and real estate markets. In addition, Mr. Lutnick is also Chairman and Chief Executive Officer of Cantor Fitzgerald, L.P., a financial services firm.
In an April 2015 profile, The Real Deal said of the executive, Howard Lutnick was thrust onto the national stage when the Sept. 11 attacks killed 658 of his employees, including his brother. The Cantor Fitzgerald CEO became one of the most recognizable faces of 9/11, and rebuilt the financial services firm against all odds.
On Lutnicks watch, the magazine reported, Cantor Fitzgerald made a massive move into real estate in 2009, when it launched Cantor Commercial Real Estate, a finance division that originated $10 billion in loans in 2014. In 2011, Cantor Fitzgerald affiliate BGC Partners purchased commercial real estate brokerage Newmark Knight Frank, as well as assets from Grubb & Ellis, both for undisclosed sums, to form Newmark Grubb Knight Frank.
In the April 2015 Real Deal interview, the magazine asked Lutnick, Why are you interested in real estate He responded, The biggest markets in the world are bonds, than stocks, then real estate. Interest rates are just irrationally low, so the bond business is under enormous pressure. [But] real estate loves low interest rates.