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Newmark Group acquires CRE workflow solutions provider

Property services company Newmark Group Inc. said it acquired Workframe Inc., a workflow solutions provider for players in the commercial real estate industry.

The Workframe software tool provides portfolio-level view of initiatives, allowing corporate tenants, landlords, brokers and service providers to gain visibility into their workflow. The platform enables customers to view actionable data that can be leveraged to drive efficiency and optimization of processes. Workframe was launched in 2016 by founders including CEO Robert Moore and Matt Smith.