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Newmark Facilitates $210 Million Sale of Iconic Office Tower in Downtown Los Angeles' Financial District
Prnewswire· 2025-06-04 21:13
LOS ANGELES, June 4, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the company has arranged the sale of 601 South Figueroa Street — also known as 601 Fig or Fig at Wilshire — a 1,041,315-square-foot high-rise office tower in Downtown Los Angeles. The asset sold for $210 million, equating to a price of approximat ...
Newmark Facilitates $150.7 Million Sale of Trophy Creative Campus in Playa Vista, California
Prnewswire· 2025-06-04 14:00
Transaction Marks Highest Sale Price in Los Angeles Year-to-Date1LOS ANGELES, June 4, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the Company has facilitated the $150.7 million sale of i|o at Playa Vista, a 306,809 square-foot creative workplace campus in Playa Vista, California.  Image courtesy of Newmark ...
Newmark Facilitates $7.1 Billion Construction Loan to Develop AI Data Center
Prnewswire· 2025-05-22 17:10
NEW YORK, May 22, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the company arranged a $7.1 billion construction loan for Blue Owl Capital, Inc., Crusoe and Primary Digital Infrastructure. The loan, provided by a consortium led by J.P. Morgan, will fund the second phase of a $15 billion joint venture to fund a 1 ...
Newmark Announces Repurchase of Approximately 11 Million Shares from Howard W. Lutnick, United States Secretary of Commerce, Former Executive Chairman
Prnewswire· 2025-05-19 13:00
United States Secretary of Commerce Howard W. Lutnick divesting his interests in Newmark pursuant to U.S. government ethics rulesNEW YORK, May 19, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, today announced it has agreed to repurchase 10,969,523 shares of Newmark Class A common stock beneficially owned by Howard W. Lutn ...
Newmark(NMRK) - 2025 Q1 - Quarterly Report
2025-05-09 20:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38329 NEWMARK GROUP, INC. (Exact name of Registrant as specified in its charter) (State or other Jurisdiction of Incorporation or ...
Harwood to Fuel Accelerated Expansion of Dallas' Y'all Street
Prnewswire· 2025-05-05 14:48
Leasing activity in the Harwood District reached a record-breaking 342,163 square feet in 2024 Post this "Uptown Dallas is Dallas' most vibrant and sought after mixed-use location commanding the highest office and multifamily rental rates in the city," said Alexis Barbier-Mueller, Co-President, Harwood International. "With the opening of the Goldman Sachs project in 2027 and the establishment of the Texas Stock Exchange, we are confident in the continued growth of the Harwood District, which we view as the ...
Newmark: Above-Expectations Results Overshadowed By Unchanged Guidance (Downgrade)
Seeking Alpha· 2025-05-01 18:21
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Newmark Group (NMRK) Q1 Earnings and Revenues Surpass Estimates
ZACKS· 2025-04-30 14:25
Core Viewpoint - Newmark Group (NMRK) reported quarterly earnings of $0.21 per share, exceeding the Zacks Consensus Estimate of $0.19 per share, and showing an increase from $0.15 per share a year ago, indicating a positive earnings surprise of 10.53% [1] Financial Performance - The company achieved revenues of $665.49 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 11.04%, compared to $546.5 million in the same quarter last year [2] - Over the last four quarters, Newmark Group has exceeded consensus EPS estimates three times and topped revenue estimates two times [2] Stock Performance - Newmark Group shares have declined approximately 13.7% since the beginning of the year, while the S&P 500 has decreased by 5.5% [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.25, with expected revenues of $687.2 million, and for the current fiscal year, the estimate is $1.42 on $3.01 billion in revenues [7] - The estimate revisions trend for Newmark Group is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The Real Estate - Operations industry, to which Newmark Group belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, indicating potential challenges ahead [8]
Newmark(NMRK) - 2025 Q1 - Earnings Call Transcript
2025-04-30 14:00
Newmark Group (NMRK) Q1 2025 Earnings Call April 30, 2025 10:00 AM ET Company Participants Jason McGruder - Head, IRBarry Gosin - Chief Executive OfficerMichael Rispoli - CFOLuis Alvarado - Chief Operating OfficerJade Rahmani - Managing DirectorJulien Blouin - Vice PresidentPatrick O’Shaughnessy - MD - Capital Markets Conference Call Participants Alexander Goldfarb - Managing Director & Senior Analyst Operator Good day and welcome to the Newmark Group First Quarter twenty twenty five Financial Results. Toda ...
Newmark(NMRK) - 2025 Q1 - Earnings Call Transcript
2025-04-30 14:00
Newmark Group (NMRK) Q1 2025 Earnings Call April 30, 2025 10:00 AM ET Speaker0 Good day and welcome to the Newmark Group First Quarter twenty twenty five Financial Results. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Jason McRuder, Head of Investor Relations. Please go ahead. Speaker1 Thank you, operator, and good morning. Newmark issued its first quarter twenty twenty five financial results press release this morning. Unless otherwise stated, the resu ...