Newmark is pursuing a $3M judgment against Nightingale Properties co-founder Simon Singer, citing his firm's recent $25M acquisition of a 560K SF Chicago office tower as proof of liquidity.
Newmark is currently seeking to compel Simon Singer, the co-founder and former president of Nightingale Properties, to produce financial records to satisfy a $3M judgment. The legal dispute stems from a 2023 settlement following Newmark's acquisition of Nightingale Realty equity in 2021. Singer, who has appealed the judgment, argues he was fraudulently induced into the settlement by Newmark’s undisclosed representation of his former business partner, Elie Schwartz, who later pleaded guilty to a $63M investor fraud scheme.
Newmark argues that Singer is actively avoiding the debt, pointing to a March 2026 acquisition by FTK Capital Management—a firm associated with Singer's family trust—of a 560K SF office building at 111 W. Jackson Blvd. in Chicago for $25M. Newmark claims this acquisition demonstrates that Singer has the necessary capital to pay the judgment, while Singer’s legal team maintains the discovery requests are harassing and overreaching.
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