Newmark to reshape Seventh Avenue retail by Penn Station
Vornado Realty Trust has appointed Newmark as the exclusive leasing agent for the next phase of retail redevelopment in THE PENN DISTRICT. This initiative is part of Vornado's $2.5 billion revitalization project, which includes creating a cohesive street-level retail corridor on Seventh Avenue and the Moynihan Retail Corridor. The project aims to complement existing anchors like Macy's and the upcoming Primark flagship store, enhancing the area for commuters, residents, and visitors.
Newmark Arranges Sale and Financing of 424-Unit Class A Multifamily Asset in Frisco, Texas
Newmark has successfully arranged the sale and financing of a 424-unit Class A multifamily community in Frisco, Texas. The transaction, which involved the Bascom Group as the seller, highlights the strong investor interest in the Dallas-Fort Worth submarket due to its robust fundamentals and proximity to major employers. The property, constructed in 2017, was 91% occupied at the time of sale and features modern amenities and a prime location near significant development areas.
Newmark Awarded Exclusive Leasing Assignment for Premier Class A Building in Irvine, California
Newmark has secured the exclusive leasing assignment for 3 Glen Bell Way, an 87,639-square-foot Class A R&D/flex building in Irvine, California. The property, formerly Ford Motor Company's West Coast hub, is vacant and suitable for various industries including automotive, AI, life sciences, aerospace, and defense. This assignment highlights Newmark's strong presence in the Orange County market, which is seeing a recovery in its office sector and continued demand for flexible industrial spaces.
Newmark Arranges 1.4 Million-Square-Foot Industrial Lease with Leading Beverage Manufacturer DrinkPAK
Newmark Group, Inc. has arranged a 1.4 million-square-foot industrial lease for DrinkPAK, a beverage contract manufacturer, at The Bellwether District in Philadelphia. This transaction is the largest industrial lease in Philadelphia since 2020 and marks DrinkPAK's first East Coast location as part of its national expansion. Construction has begun, with move-in anticipated by the first half of 2027, highlighting Philadelphia's growing importance as a manufacturing and logistics hub.
Newmark Arranges $630 Million Refinancing for 830 Brickell in Miami
Newmark Group, Inc. has arranged a $630 million refinancing loan for 830 Brickell, an all-new Class-A office tower in Miami's Brickell neighborhood. The financing was secured for landlords Cain International and OKO Group, with Goldman Sachs and J.P. Morgan leading the funding. This 57-story building, completed in 2024, is Miami's first Class-A delivery in over a decade and houses prominent tenants like Microsoft and Citadel.
Newmark Arranges $630 Million Refinancing for 830 Brickell in Miami
Newmark has successfully arranged a $630 million refinancing loan for 830 Brickell, a newly completed Class-A office tower in Miami. The financing was secured for landlords Cain International and OKO Group, with Goldman Sachs and J.P. Morgan leading the funding. The 57-story building, designed by Adrian Smith + Gordon Gill Architecture, is home to a prestigious list of tenants, highlighting Miami's growing importance as a global business hub.
Newmark Arranges $630 Million Refinancing for 830 Brickell in Miami
Newmark Group, Inc. has arranged a $630 million refinancing loan for 830 Brickell, a newly completed Class-A office tower in Miami. The financing was secured on behalf of landlords Cain International and OKO Group, with funding led by Goldman Sachs and J.P. Morgan. This 57-story building, designed by Adrian Smith + Gordon Gill Architecture and finished in 2024, is Miami's first Class-A office delivery in over a decade and houses several prestigious tenants.
Newmark Expands APAC Presence with Korea Launch, Appointing John Pritchard as Country Head
Newmark Group, Inc. has expanded its presence in the Asia-Pacific region by establishing its Korean flagship office in Seoul, led by John Pritchard as Managing Director and Country Head. The new office, located in the IFC Complex, will focus on all industry verticals and asset classes, supported by a seasoned leadership team. This strategic move reinforces Newmark's commitment to building a global platform and catering to the evolving needs of its international clients in one of Asia's fastest-growing economies.
Newmark Appoints Globally Recognized Real Estate Executive Peter Trollope to Lead Occupier Solutions
Newmark Group, Inc. has appointed Peter Trollope as Global Head of Occupier Solutions to enhance its strategic advisory capabilities for corporate clients. Trollope, a globally recognized real estate executive, will lead the growth and evolution of Newmark's integrated Occupier Solutions business, focusing on speed, transparency, and client value through modernized technology and disciplined execution. This strategic hire aligns with Newmark's goal to become a leading end-to-end service provider for corporate occupiers and to significantly increase revenues from Management Services, Servicing Fees, and Other by 2029.
Newmark Continues Strategic Debt & Structured Finance Growth in Europe with Senior Hires
Newmark Group, Inc. has announced the appointment of Andrew Wheldon and Matthew Bailey to its European Debt & Structured Finance team, reinforcing its commitment to expanding capital markets advisory in Europe. These senior hires bring extensive experience in real estate debt and structured finance, significantly enhancing Newmark's capabilities across various asset classes and strengthening its market position in Europe. The move aligns with Newmark's global strategy to deepen client connectivity and provide sophisticated advisory solutions.
Newmark Continues Strategic Debt & Structured Finance Growth in Europe with Senior Hires
Newmark Group, Inc. has announced the appointment of Andrew Wheldon and Matthew Bailey to its European Finance team, expanding its Debt & Structured Finance offerings in Europe. These senior hires, with a combined 50-plus years of experience, will strengthen Newmark's capital markets advisory across various asset classes. The move underscores Newmark's commitment to strategic growth and enhancing its ability to advise on complex transactions and deliver innovative financing solutions for clients.
Newmark Announces Expansion into India; Sathish Rajendren Hired to Lead Growth in Regional Property and Facilities Management
Newmark Group, Inc. has announced its expansion into India, hiring Sathish Rajendren as Executive Managing Director to lead its Property and Facilities Management operations across India and APAC. This strategic move aims to meet client needs in a rapidly growing commercial real estate market, capitalizing on India's scale and demand for institutional-grade management services. Rajendren brings over 22 years of experience and will focus on delivering efficient, sustainable, and valuable solutions for clients.
Newmark Facilitates Landmark Sale of Pacwest, a 30-Story Class A Office Tower in Portland’s CBD
Newmark has arranged the sale of Pacwest, a 30-story, 547,992-square-foot Class A office tower located in Portland’s Central Business District. Vice Chairman Nick Kucha highlighted the tower's resilience, strategic location, and amenities, which attracted the buyer. The property, currently 50% leased, was extensively renovated in 2019 and boasts a prime location with excellent connectivity, catering to professional services firms.
Newmark Q2 2025 slides: Revenue up 20%, raises full-year outlook amid strong growth - Investing.com Canada
This article reports on Newmark's Q2 2025 performance, highlighting a 20% increase in revenue. Due to this strong growth, the company has raised its full-year financial outlook.
Earnings call transcript: Newmark Group Q2 2025 shows strong growth By Investing.com - Investing.com Canada
The article indicates that the earnings call transcript for Newmark Group's Q2 2025 shows strong growth. However, the content provided is an error message, stating that a client-side exception occurred while loading the Investing.com Canadian site. Therefore, the actual transcript and details of Newmark Group's performance are not available in the provided text.
Newmark Facilitates $83.8 Million Financing for The Deveraux, a Premier Multifamily Property in Denver’s RiNo Neighborhood - Mile High CRE
Newmark secured $83.8 million in financing for The Deveraux, a multifamily property in Denver's RiNo neighborhood, through a bank lease-up execution. The property, delivered in July 2024, has shown exceptional leasing velocity despite significant supply in the submarket. This financing reflects confidence in The Deveraux's strength and Denver's dynamic multifamily market.
Newmark Secures $83.8M in Financing for Denver Multifamily Community - REBusinessOnline
Newmark secured $83.8 million in financing for The Deveraux, a multifamily community in Denver's River North (RiNo) neighborhood. The financing, obtained through bank lease-up execution for an undisclosed borrower, supports the community which features 374 apartments and 21,000 square feet of retail space. Newmark's Lee Redmond, Nick Schroeder, Courtney Crowder, and Jack Kachadurian arranged the deal for the property delivered in July 2024.
Newmark Arranges $67.5 Million Refinancing for Class A Multifamily Community Rockwell at Crown in Maryland
Newmark successfully arranged a $67.5 million refinancing loan for Rockwell at Crown, a 335-unit multifamily community in Gaithersburg, Maryland. The financing was secured through Fannie Mae on behalf of Sentinel Real Estate Corporation. This transaction highlights renewed momentum in the capital markets, with increasing pent-up and discretionary refinancings occurring as interest rates begin to stabilize.
Newmark Group, Inc. Experiences Revision in Stock Evaluation Amid Strong Market Performance - Markets Mojo
Newmark Group, Inc. has shown strong market performance with an 18.27% return over the past year and a 259.15% return over five years, outpacing the S&P 500. Despite a recent price dip to $17.67, technical indicators suggest a mildly bullish sentiment for the small-cap realty firm. The company displays strong long-term fundamental strength and market-beating performance, although it faces challenges in long-term net sales growth and high debt-equity ratio.
Newmark Arranges Sale of 261-Unit Trophy Multifamily Asset in Central San Antonio
Newmark has successfully arranged the sale of River House, a 261-unit luxury multifamily property in central San Antonio, Texas. The asset, highly sought after by investors due to its prime location near the historic Pearl District and meticulous design, was sold by Hixon Properties to an undisclosed buyer. This transaction highlights the strong demand for premium real estate opportunities in the San Antonio market, which is experiencing stabilization and recovery.
Newmark Launches Dubai Office, Appointing Stefan Burch as Regional Head of Valuation & Advisory
Newmark has launched its Middle Eastern flagship office in Dubai, appointing Stefan Burch as Senior Managing Director to lead and expand the firm's valuation and advisory business in the region. This expansion supports Newmark's global strategy to scale across industry verticals and asset classes in key commercial real estate markets. Burch, with 20 years of experience in corporate real estate in the Middle East, previously led Deloitte Middle East Real Estate Advisory and established Knight Frank's business in Saudi Arabia and Bahrain.
Newmark Launches Trusts & Estates Valuation Practice Led by Industry Veteran Philip Jones
Newmark's Valuation & Advisory (V&A) practice has launched a new Trusts & Estates specialty practice. The new national service offering will be led by Philip Jones, CPA, ABV, ASA, CFE, as Senior Managing Director and Practice Leader, providing comprehensive valuation services for estate and gift tax planning, succession strategies, and trust disputes. This initiative aims to offer sophisticated and integrated solutions for law firms, accounting professionals, and financial advisors.
Newmark Group, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Newmark Group, Inc. (NASDAQ:NMRK) recently surpassed analyst expectations for its latest quarterly results, reporting revenues of US$759m and EPS of US$0.11, significantly ahead of estimates. Following these strong results, analysts have updated their 2025 forecasts, notably increasing EPS expectations by 62% to US$0.66, while revenue estimates remained largely unchanged at US$3.06b. The consensus price target for Newmark Group also rose by 9.4% to US$16.95, reflecting improved sentiment despite projected revenue growth being slower than industry peers.
Newmark Arranges Sale of Trophy Dallas Office Tower, The Link at Uptown
Newmark has successfully arranged the sale of The Link at Uptown, a Class AA office tower in Dallas, for $218 million. This transaction represents the largest office property sale in Dallas year-to-date and was secured on behalf of Kaizen Development Partners, with Cousins Properties acquiring the asset. The 25-story building, completed in 2021, features 292,000 square feet of office space and a range of luxury amenities, benefiting from Dallas-Fort Worth's strong economic growth and high return-to-office rates.
Newmark Assists KBS in the Sale of Sterling Plaza, a Class A Office Tower in Dallas’ Most Sought-After Submarket
Newmark has facilitated the sale of Sterling Plaza, a 19-story Class A office tower in Dallas' Preston Center submarket, on behalf of KBS. The undisclosed sales price represents the highest amount paid for an office property in the Dallas-Fort Worth market this year. The property, acquired by KBS REIT III in 2013, has undergone significant renovations and maintains nearly 90% occupancy with a diverse tenant roster.
Newmark Arranges $143M Refinancing for Multifamily Property in Derry, NH
Newmark has successfully arranged a $143.1 million financing loan for The Fairways, an 849-unit apartment complex in Derry, New Hampshire. Vice Chairman Ed Belz secured the funding from Fannie Mae for landlord Makor Capital, allowing Makor to distribute equity while retaining liquidity for future property enhancements. The financing package included a 10-year loan with full interest-only terms and a 35-year amortization, enabling Makor to capitalize on recent interest rate dips.
United Properties, Newmark Announce $25.5M Sale of Enterprise Business Center 7 in Denver, Colorado
Newmark, in collaboration with United Properties, announced the $25.5 million sale of Enterprise Business Center Building 7 (EBC 7), a 157,942-square-foot industrial property in Denver. The buyer is Dream US Industrial Fund, an entity of Dream REIT. The property is a Class A industrial building strategically located near I-70 and Central Park Boulevard, serving as a cornerstone of the award-winning development since its construction in 2017.
Newmark Completes 100,000 SF of Office Leasing at Trophy Campus River Centre in Red Bank, NJ
Newmark has completed over 110,000 square feet of office leases at River Centre in Red Bank, New Jersey, including a 50,000 square foot lease with Hackensack Meridian, which is the largest office transaction in Monmouth County since 2023. These transactions underscore the strong demand for highly amenitized office environments, further driven by an eight-figure capital improvement program by owners Paramount Realty. The Monmouth County office market remains robust, with Class A leasing accounting for over 74% of activity in 2024, reflecting a "flight to quality" and declining availability rates.
Blackstone Makes Major Move: Takes Control of Massive 6M-SF Industrial Portfolio in Prime Markets
Blackstone Real Estate has acquired a 95% stake in a six-million-square-foot industrial portfolio from Crow Holdings. The portfolio comprises 25 Class A buildings located across Dallas, Houston, and Chicago markets. Newmark Group advised Crow Holdings on this significant recapitalization, highlighting strong investor demand for industrial assets in high-growth U.S. markets.
Newmark Advises on Recapitalization of Six Million-SF Multi-Market Industrial Portfolio with Blackstone
Newmark Group, Inc. advised Crow Holdings on the recapitalization of a six-million-square-foot industrial portfolio with Core+ funds affiliated with Blackstone Real Estate. Blackstone acquired a 95% stake in the 25-building Class A portfolio located in Dallas, Houston, and Chicago. This transaction highlights the strong investor appetite for industrial properties in high-growth U.S. markets.
Newmark Advises on Recapitalization of Six Million-SF Multi-Market Industrial Portfolio with Blackstone
Newmark advised Crow Holdings on the recapitalization of a six-million-square-foot industrial portfolio with Core+ funds affiliated with Blackstone Real Estate. Blackstone acquired a 95% stake in the 25-building Class A portfolio located in Dallas, Houston, and Chicago. This transaction highlights strong investor appetite for industrial assets in high-growth U.S. markets.
Newmark Completes Sale of Class A 19-Story Office Tower in Downtown Phoenix
Newmark has announced the sale of 111 West Monroe, a 256,682-square-foot, 19-story Class A office tower in Downtown Phoenix. The property was acquired by Kellwood Company, a leading apparel business, which plans to relocate its headquarters to Phoenix and occupy a significant portion of the building. The sale was facilitated by Newmark Executive Managing Directors CJ Osbrink, Barry Gabel, and Chris Marchildon on behalf of an affiliate of Granite Point Mortgage Trust.
Newmark Secures Two New Office Leases Totaling 36,000+ SF at FarmWorks One in Allen, Texas
Newmark has announced two new office leases at FarmWorks One in Allen, Texas, totaling over 36,000 square feet. Moss, a construction management company, leased 25,815 square feet, and MKA International, Inc., a construction consulting firm, leased 10,536 square feet. These leases highlight the growing demand for prime office spaces within mixed-use developments, with FarmWorks One being a key component of the 135-acre "The Farm in Allen" development.
Walmart Inc. Signs 338,000-SF Lease at Jay Paul Company’s Iconic Tech Corners Campus in Sunnyvale
Walmart Inc.'s eCommerce division has signed a 338,307-square-foot lease at Jay Paul Company’s Tech Corners in Sunnyvale, California, marking the largest new office lease in Silicon Valley since 2023. This expansion strengthens Walmart's presence in the region within a modernized, wellness-focused campus. The transaction highlights robust momentum in Silicon Valley's office leasing market, particularly in Sunnyvale.
Newmark Arranges Sale of 22.6-Acre Office Campus on I-17 Slated for Industrial Redevelopment
Newmark has arranged the sale of Corporate Center, a 22.6-acre office campus in Phoenix, Arizona, to Dallas-based developer Formation Interests. The buyer plans to demolish the existing office buildings and construct Formation Park 17, a 425,000 square-foot Class A industrial park. This redevelopment aligns with a growing trend in the Phoenix market towards office-to-industrial conversions, capitalizing on strategic locations and favorable zoning, especially in areas like Central Phoenix which is undergoing significant transformation.
Newmark Arranges $71.85 Million Loan for Class A Multifamily Property in Pittsburgh, PA
Newmark has arranged a $71.85 million loan for SomeraRoad to refinance The Park at SouthSide Works, a 247-unit Class A multifamily community in Pittsburgh, Pennsylvania. The financing was secured from Barings for the newly constructed property, which features premium amenities and a strategic waterfront location with excellent access to major employment, healthcare, and academic hubs.
Suburbs help drive office comeback as Metro Vancouver leasing heats up
Metro Vancouver's office leasing activity in Q1 2025 reached pre-pandemic levels, leading to a decline in the regional vacancy rate to 9.1 percent. This improvement is largely attributed to strong performances in suburban markets like Richmond, Burnaby, and Surrey, where new supply is absorbed quickly and vacancy rates are tightening. In contrast, downtown Vancouver continues to lag with vacancy rates exceeding 10 percent.
Office construction dwindles despite tenant demand for high-quality space
Office construction is significantly decreasing across the nation, even as tenant demand for high-quality office spaces continues to grow. Data from Newmark Group shows a substantial drop in square footage under construction compared to late 2019. This trend highlights a disconnect between the supply of new, high-end office buildings and the market's evolving needs.
Newmark Announces Repurchase of Approximately 11 Million Shares from Howard W. Lutnick, United States Secretary of Commerce, Former Executive Chairman
Newmark Group, Inc. announced it has repurchased approximately 11 million shares of Class A common stock from Howard W. Lutnick, United States Secretary of Commerce and the Company's former Executive Chairman, for an aggregate purchase price of $127 million. This divestiture is in compliance with Mr. Lutnick's U.S. government ethics agreement. Additionally, Mr. Lutnick will transfer his Cantor Fitzgerald ownership to trusts benefiting his children, with these transactions reinforcing Cantor Fitzgerald's position as Newmark's controlling shareholder.
Newmark Arranges $227 Million Sale of Class A Office Tower in Boston, Massachusetts
Newmark has announced the facilitation of the $227 million sale of 99 High Street, a Class A office tower in Boston, Massachusetts. The property, totaling 730,208 square feet across 32 floors, was sold by Nuveen Real Estate to an affiliate of Synergy. This iconic building, significantly upgraded in 2019, is strategically located at the gateway to Downtown Boston and the Seaport District.
Newmark Arranges Sale of Class A Office Property 40 Wight Avenue in Baltimore Suburbs
Newmark has successfully arranged the sale of 40 Wight Avenue, a Class A office property located in Hunt Valley, Maryland, a suburb of Baltimore. The undisclosed national REIT seller was represented by Newmark's Nicholas Signor, Cristopher Abramson, and Ben McCarty, with the property being acquired by an affiliate of Minnesota-based Onward Investors. This transaction underscores the ongoing demand for high-quality, well-located office assets in the Baltimore region, as highlighted by the property’s modern design, strong tenancy, and strategic location.
Newmark Arranges Sale of Class A R&D Asset in Andover, Massachusetts
Newmark has facilitated the sale of 150 Minuteman Road, a 112,148-square-foot Class A R&D asset in Andover, Massachusetts, to Optimum Asset Management. The property is fully leased to Smith+Nephew, a global medical technology company that has occupied and invested in the site since 2002. This acquisition expands Optimum's Greater Boston R&D portfolio, aligning with their strategy of investing in high-quality R&D facilities in established markets.
Newmark Facilitates $450M Refinancing for Texas Tower, Trophy Class A Office High-Rise
Newmark has successfully secured a $450 million refinancing loan for Texas Tower, a 47-story office skyscraper in Houston, Texas, for owners Hines and Ivanhoé Cambridge. This financing marks a significant event as it's the first time in two years a multi-tenant office tower outside of New York City was financed in the CMBS single-asset, single-borrower market, with overwhelming investor demand leading to favorable loan terms. The 1.2 million-square-foot tower, delivered in 2021 and 95% leased, boasts high rents, top-tier tenants, and numerous awards, highlighting its status as a premier office asset.
Newmark hires top European consultant to ramp up its luxury business
Newmark has hired Luca de Ambrosis Ortigara, a renowned European real estate consultant with 35 years of experience in luxury retail development, to expand its international luxury retail business. De Ambrosis Ortigara previously played a key role in developing luxury centers in Milan, including Porta Nuova and CityLife. His appointment aims to leverage his extensive connections and expertise to strengthen Newmark's global presence in the luxury market.
Pinstripes Announces Master Broker Partnership with Newmark and Continued Nationwide Expansion
Pinstripes Holdings, Inc. announced a new Master Broker agreement with Newmark to accelerate its nationwide and international expansion plans for its experiential dining and entertainment venues. Newmark will serve as Pinstripes' exclusive Master Broker globally, leveraging its access to sites and developers. This partnership aims to help Pinstripes achieve its long-term goal of over 150 locations, with several new venues already slated to open in the coming months and years.
Patton Jones repeats as multifamily real estate Heavy Hitter
Patton Jones of Newmark has been recognized as a multifamily real estate Heavy Hitter for the second consecutive year by the Austin Business Journal. He worked on over a dozen deals in the past year, selling 3,583 multifamily units. Jones serves as vice chairman of Newmark’s Central Texas office, overseeing multifamily capital markets business in Austin and San Antonio.
Newmark Announces Expansion of Retail Capital Markets Team; Hires Industry Expert Conor Lalor to Lead
Newmark Group, Inc. announced the expansion of its Retail Capital Markets team with the hiring of Conor Lalor as President, Head of Retail Capital Markets for North America, and Kyle Minter as Senior Managing Director. Lalor will lead the investment sales, recapitalizations, and financings of retail/mixed-use assets across North America, collaborating with existing Newmark teams. This strategic expansion aims to meet evolving market demands and strengthen Newmark's comprehensive retail services platform.
Newmark Group Appoints Jonathan Firestone as Co-President, Global Debt & Structured Finance
Newmark Group, Inc. has announced the appointment of Jonathan Firestone as Co-President, Global Debt & Structured Finance. Firestone, formerly of Eastdil Secured, will co-lead Newmark's debt platform alongside Jordan Roeschlaub. This strategic hire is part of Newmark's commitment to expanding its global Capital Markets firm by strengthening its debt and structured finance capabilities and enhancing client services across all property types and transaction forms.
National real estate firm Newmark moves into prominent Camelback office building
Newmark Group Inc. (NMRK) has relocated its Phoenix office to the Esplanade V in a prominent Camelback office building. This move coincides with the campus' new ownership group initiating a $45 million capital improvement project. The article offers a first look at Newmark's new Phoenix office space.
Newmark Facilitates $260 Million Financing of Iconic Plaza District Office Building in Midtown Manhattan
Newmark has arranged a $260 million refinancing loan for RXR's 75 Rockefeller Plaza, a prominent mixed-use office and retail tower in Midtown Manhattan. The financing, contributed by Bank of America and Carlyle, highlights the building's strong fundamentals, including A+ sponsorship, investment-grade tenancy, and significant capital improvements. The property boasts a prime location near Rockefeller Plaza, comprehensive amenities, and flexible office spaces.
