Newmark Holdings, a vertically integrated owner, operator, property manager and developer of commercial real estate, announced it has completed LED lighting retrofits for 24 of the buildings in its NYC portfolio. Independence LED Lighting completed this benchmark energy efficiency initiative for Newmark Holdings, which represents one of the largest and most comprehensive commercial LED base building retrofits of its type in the U.S. Bay City Metering has worked closely with Newmark Holdings for over three decades as its utility submetering company and energy consultant and aligned Independence LED with Newmark Holdings. Bay City Metering played a significant role in both the project implementation and the relationship between Independence LED and Newmark Holdings.