Exhibit 21.1

LIST OF SUBSIDIARIES OF NEWMARK GROUP, INC.



|                                                        |  |                      
|------------------------------------------------------- |  | ---------------------
|ENTITY NAMES                                            |  | DOMESTIC JURISDICTION
|375 PARK INVESTMENTS HOLDINGS, LLC                      |  | DELAWARE             
|APARTMENT REALTY ADVISORS MIDWEST, INC.                 |  | OHIO                 
|APARTMENT REALTY ADVISORS OF ARIZONA, LLLP              |  | ARIZONA              
|APARTMENT REALTY ADVISORS OF COLORADO, LLLP             |  | COLORADO             
|APARTMENT REALTY ADVISORS OF FLORIDA, INC.              |  | FLORIDA              
|APARTMENT REALTY ADVISORS OF FLORIDA, LLC               |  | FLORIDA              
|APARTMENT REALTY ADVISORS OF GEORGIA, INC.              |  | GEORGIA              
|APARTMENT REALTY ADVISORS, LLC                          |  | DELAWARE             
|APARTMENT REALTY ADVISORS/CENTRAL STATES, INC.          |  | KANSAS               
|APARTMENT REALY ADVISORS OF THE CAROLINAS, INC.         |  | NORTH CAROLINA       
|ARA CAL, INC.                                           |  | CALIFORNIA           
|ARA DC, LLC                                             |  | DELAWARE             
|ARA NATIONAL LAND SERVICES, LLC                         |  | VIRGINIA             
|ARA NORTHWEST, LLC                                      |  | OREGON               
|ARA OF OKLAHOMA/ARKANSAS LLC                            |  | DELAWARE             
|BERKELEY POINT CAPITAL HOLDINGS, LLC                    |  | DELAWARE             
|BERKELEY POINT CAPITAL, LLC                             |  | DELAWARE             
|BERKELEY POINT FINANCIAL, LLC                           |  | DELAWARE             
|BERKELEY POINT INTERIM LENDING, LLC                     |  | DELAWARE             
|BERKELEY POINT INTERMEDIARY, INC.                       |  | DELAWARE             
|BGC REAL ESTATE OF ARIZONA, LLC                         |  | DELAWARE             
|BGC REAL ESTATE OF MICHIGAN, LLC                        |  | DELAWARE             
|BGC REAL ESTATE OF NEVADA, LLC                          |  | DELAWARE             
|BGC REAL ESTATE OF WASHINGTON, LLC                      |  | DELAWARE             
|CFI EUROPE LIMITED                                      |  | ENGLAND              
|CFI GERMANY GMBH                                        |  | GERMANY              
|CINCINNATI COMMERCIAL REAL ESTATE, INC.                 |  | OHIO                 
|COMPUTERIZED FACILITY INTEGRATION, LLC                  |  | MICHIGAN             
|CONTINENTAL REALTY, LTD.                                |  | OHIO                 
|CORNISH & CAREY COMMERCIAL                              |  | CALIFORNIA           
|ESN INVESTOR, LLC                                       |  | DELAWARE             
|EXCESS SPACE RETAIL SERVICES, INC.                      |  | CALIFORNIA           
|FULCRUM COMMERCIAL REAL ESTATE SERVICES LLC             |  | DELAWARE             
|FULCRUM COMMERCIAL REAL ESTATE SERVICES PRIVATE LIMITED |  | INDIA                
|G&E ACQUISITION COMPANY, LLC                            |  | DELAWARE             
|G&E APPRAISAL SERVICES, LLC                             |  | DELAWARE             
|G&E MANAGEMENT SERVICES, LLC                            |  | DELAWARE             
|G&E REAL ESTATE MANAGEMENT SERVICES, INC.               |  | DELAWARE             
|G&E REAL ESTATE, INC.                                   |  | DELAWARE             



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|                                                        |  |                         
|------------------------------------------------------- |  | ------------------------
|ENTITY NAMES                                            |  | DOMESTIC JURISDICTION   
|N MEX HOLDINGS, LLC                                     |  | DELAWARE                
|NEWMARK & COMPANY REAL ESTATE, INC.                     |  | NEW YORK                
|NEWMARK BPF HOLDINGS, LLC                               |  | DELAWARE                
|NEWMARK BUILDING SERVICES, LLC                          |  | NEW YORK                
|NEWMARK CONSTRUCTION SERVICES, L.L.C.                   |  | NEW YORK                
|NEWMARK GP, LLC                                         |  | DELAWARE                
|NEWMARK HOLDINGS, L.P.                                  |  | DELAWARE                
|NEWMARK HOLDINGS, LLC                                   |  | DELAWARE                
|NEWMARK INVESTOR I, LLC                                 |  | DELAWARE                
|NEWMARK KNIGHT FRANK CANADA LIMITED                     |  | CANADA/BRITISH COLUMBIA 
|NEWMARK KNIGHT FRANK VALUATION & ADVISORY HOLDINGS, LLC |  | DELAWARE                
|NEWMARK KNIGHT FRANK VALUATION & ADVISORY, LLC          |  | DELAWARE                
|NEWMARK LI LLC                                          |  | NEW YORK                
|NEWMARK MIDWEST REGION, LLC                             |  | ILLINOIS                
|NEWMARK NOTES, LLC                                      |  | NEW YORK                
|NEWMARK OF CONNECTICUT LLC                              |  | CONNECTICUT             
|NEWMARK OF LONG ISLAND LLC                              |  | NEW YORK                
|NEWMARK OF MASSACHUSETTS LLC                            |  | MASSACHUSETTS           
|NEWMARK OF SOUTHERN CALIFORNIA, INC.                    |  | CALIFORNIA              
|NEWMARK OF WASHINGTON D.C. LLC                          |  | DISTRICT OF COLUMBIA    
|NEWMARK PARTNERS, L.P.                                  |  | DELAWARE                
|NEWMARK REAL ESTATE OF DALLAS, LLC                      |  | TEXAS                   
|NEWMARK REAL ESTATE OF HOUSTON, LLC                     |  | TEXAS                   
|NEWMARK REAL ESTATE OF MASSACHUSETTS, LLC               |  | MASSACHUSETTS           
|NEWMARK REAL ESTATE OF NEW JERSEY, L.L.C.               |  | NEW JERSEY              
|NEWMARK REAL ESTATE OF OHIO, LLC                        |  | DELAWARE                
|NEWMARK REAL ESTATE OF PRINCETON LLC                    |  | NEW JERSEY              
|NEWMARK RETAIL PARTNERS LLC                             |  | NEW YORK                
|NEWMARK RETAIL, LLC                                     |  | NEW YORK                
|NEWMARK S11 GP, LLC                                     |  | DELAWARE                
|NEWMARK S11 HOLDINGS, LLC                               |  | DELAWARE                
|NEWMARK S11 LP, LLC                                     |  | DELAWARE                
|NEWMARK SOUTHERN REGION, LLC                            |  | GEORGIA                 
|NGA, LLC                                                |  | GEORGIA                 
|NGKF GLOBAL CORPORATE SERVICES (EUROPE) LIMITED         |  | ENGLAND AND WALES       
|NGKF GLOBAL CORPORATE SERVICES LIMITED                  |  | ENGLAND AND WALES       
|NGKF HONG KONG LIMITED                                  |  | HONG KONG               
|NGKF, S.A. DE C.V.                                      |  | MEXICO, FEDERAL DISTRICT
|NNJ, L.L.C.                                             |  | NEW JERSEY              
|NOC LLC                                                 |  | ILLINOIS                
|NOH, LLC                                                |  | TEXAS                   



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|                                         |  |                      
|---------------------------------------- |  | ---------------------
|ENTITY NAMES                             |  | DOMESTIC JURISDICTION
|NRB, LLC                                 |  | MASSACHUSETTS        
|NRED, LLC                                |  | TEXAS                
|NREP, LLC                                |  | NEW JERSEY           
|NWDC LLC                                 |  | DISTRICT OF COLUMBIA 
|OBOYLE PROPERTIES, INC.                 |  | TEXAS                
|ROSS REAL ESTATE, LTD.                   |  | COLORADO             
|RRE GENERAL, LLC                         |  | COLORADO             
|RUDESILL-PERA MULTIFAMILY, LLC           |  | TENNESSEE            
|SMITH MACK & CO., INC.                   |  | PENNSYLVANIA         
|SMITH MACK HOLDINGS, INC.                |  | PENNSYLVANIA         
|SMITH MACK PROPERTY MANAGEMENT CO., INC. |  | PENNSYLVANIA         
|SOUTHWEST RESIDENTIAL PARTNERS, INC.     |  | TEXAS                
|SPRING 11 LLC                            |  | DELAWARE             
|SPRING11 ADVISORY SERVICES LIMITED       |  | UNITED KINGDOM       
|SPRING11 HOLDINGS, L.P.                  |  | DELAWARE             
|SPRING11 RESEARCH AND CONSULTING         |  | INDIA                
|STEFFNER COMMERCIAL REAL ESTATE, LLC     |  | TENNESSEE            
|THE CRE GROUP, INC.                      |  | CALIFORNIA           
|WALCHLE INVESTMENT GROUP, INC.           |  | FLORIDA