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Newmark Reports Third Quarter 2024 Financial Results
Prnewswire· 2024-11-05 13:05
Core Viewpoint - Newmark Group, Inc. reported its financial results for the three and nine months ended September 30, 2024, and declared its quarterly dividend, highlighting its position as a leading commercial real estate advisor and service provider [1]. Financial Performance - For the twelve months ended September 30, 2024, Newmark generated revenues exceeding $2.6 billion [3]. - The company operates nearly 170 offices globally, supported by over 7,800 professionals [3]. Company Overview - Newmark is recognized as a world leader in commercial real estate, offering a comprehensive suite of services tailored to various clients, including owners, occupiers, investors, and corporations [3]. - The company combines global reach with market intelligence in both established and emerging property markets [3]. Conference Call - A conference call to discuss the financial results is scheduled for 10:00 a.m. ET today, which is expected to include forward-looking statements regarding the company's financial outlook [1][2].
Newmark Arranges $315 Million Refinancing for National Self-Storage Portfolio
Prnewswire· 2024-11-04 19:00
NEW YORK, Nov. 4, 2024 /PRNewswire/ -- Newmark announces it has arranged a $315 million loan on behalf of TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG, and Andover Properties for the refinancing of a national 43-asset self-storage portfolio. Newmark's Co-Presidents of Global Debt & Structured Finance Jordan Roeschlaub and Jonathan Firestone, Vice Chairman Nick Scribani and Director John Caraviello arranged the financing, which was provided by Wells Fargo, Goldman Sac ...
Newmark Advises on $162 Million Sale of The Plaza at Walnut Creek
Prnewswire· 2024-10-23 15:24
The Sale Represents the Largest Multi-Tenant Trophy Office Sale on the West Coast Since 20221SAN FRANCISCO, Oct. 23, 2024 /PRNewswire/ -- Newmark2 announces the firm advised on the sale of The Plaza at Walnut Creek, a trophy 362,399-square-foot office complex situated in San Francisco's East Bay market. The property sold for $162 million, representing the largest multi-tenant office sale on the West Coast since 2022.Newmark Executive Vice Chairman and President, Western Region Capital Markets Steven Golubch ...
Why Fast-paced Mover Newmark Group (NMRK) Is a Great Choice for Value Investors
ZACKS· 2024-10-09 13:50
Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potent ...
Newmark Expands Germany Presence, Naming Top Industry Leader Marcus Lütgering as Country Head to Drive Growth and Strategy
Prnewswire· 2024-10-07 08:00
NEW YORK and MUNICH, Oct. 7, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers announces that Germany's distinguished industry leader Marcus Lütgering has joined to lead its efforts in building out the firm's German business, continuing its global strategy to hire top-tier professionals across nearly all industry verticals, asset classes and k ...
Boston-Based Developer Announces Completion of Phase I at World-Class Advanced Manufacturing Campus 44 Middlesex
Prnewswire· 2024-10-01 20:54
Core Insights - Camber Development and Wheelock Street Capital have completed Phase I of the 44 Middlesex advanced manufacturing campus in Bedford, Massachusetts, delivering the first of two buildings totaling 147,000 square feet [2][3] - Phase II will involve the construction of a second 147,000-square-foot building, with construction set to begin in 2025 and completion targeted for 2026 [3] Company Overview - Camber Development focuses on logistics, advanced manufacturing, and life science properties, having acquired nearly 3 million square feet of industrial real estate since its founding in 2020 [6] - Wheelock Street Capital, established in 2008, has raised over $5 billion in capital commitments and focuses on real estate investment opportunities across the United States [7] Project Details - The 44 Middlesex campus will total 294,000 square feet, featuring advanced specifications such as 8,600 Amps of power, 36-foot clear heights, and robust structural capacity [4] - The campus is strategically located in Bedford, MA, a hub for life science manufacturing and R&D, with access to major retail centers and future retail developments [5] Market Context - The project is positioned in a market with limited existing supply and strong tenant demand, indicating a favorable environment for advanced manufacturing and biomanufacturing spaces [3] - The surrounding area offers significant amenities, including five major retail centers within a 10-minute drive, enhancing the attractiveness of the location for potential tenants [5] Leasing and Management - Newmark has been appointed as the exclusive leasing agent for the property, indicating a strategic partnership aimed at swiftly identifying suitable tenants for the new space [2][3]
Newmark Group (NMRK) is a Great Momentum Stock: Should You Buy?
ZACKS· 2024-09-30 17:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...
Newmark Advises on $5 Billion Joint Venture Partnership to Develop AI/High-Power Computer (HPC) Data Centers Across the U.S.
Prnewswire· 2024-09-09 15:20
The Partnership is Between Blue Owl, Chirisa Technology Parks and PowerHouse Data Centers NEW YORK, Sept. 9, 2024 /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 it served as strategic advisor to Blue Owl Capital, Inc., Chirisa Technology Parks and PowerHouse Data Centers in a joint venture ("JV") worth up to $5 billio ...
What Makes Newmark Group (NMRK) a Strong Momentum Stock: Buy Now?
ZACKS· 2024-09-06 17:00
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...
Despite Fast-paced Momentum, Newmark Group (NMRK) Is Still a Bargain Stock
ZACKS· 2024-09-05 13:50
Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, inves ...