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Newmark's Second Quarter 2025 Financial Results Announcement to be Issued Prior to Market Open on Wednesday, July 30, 2025
Prnewswire· 2025-07-17 12:00
Group 1 - Newmark Group, Inc. will release its second quarter 2025 financial results on July 30, 2025, at 8:00 a.m. ET, followed by a conference call at 10:00 a.m. ET [1][2] - The financial results press release will be accessible on Newmark's investor relations website, including a PDF version of the full press release and supplemental financial tables [1] - Newmark generated revenues of over $2.8 billion for the twelve months ended March 31, 2025, and operates from 165 offices with approximately 8,100 professionals globally [4]
ExcessSpace Named Exclusive Advisor for Jack in the Box Real Estate Disposition Effort
Prnewswire· 2025-07-07 14:00
Core Insights - Newmark Group, Inc. has been engaged by Jack in the Box Inc. to oversee the strategic disposition of 150 to 200 restaurant locations primarily in the western United States [1][2] - This initiative is part of Jack in the Box's broader strategy to streamline operations and enhance financial performance [2] Company Overview - Newmark Group, Inc. is a leading commercial real estate advisor and service provider, generating over $2.8 billion in revenues for the twelve months ended March 31, 2025 [4] - The company operates from 165 offices with approximately 8,100 professionals across four continents [4] Service Offerings - Excess Space Retail Services, a Newmark company, specializes in lease restructuring, terminations, subleasing, and property sales, having helped clients reduce real estate liabilities by more than $6 billion [3] - The team employs a combination of financial analysis, local brokerage coordination, and transaction management to support clients undergoing strategic changes [3]
Newmark Advises on Recapitalization of Six Million-SF Multi-Market Industrial Portfolio with Blackstone
Prnewswire· 2025-07-02 14:29
Core Insights - Newmark Group, Inc. advised Crow Holdings on the recapitalization of a six-million-square-foot industrial portfolio, with Blackstone acquiring a 95% stake in the portfolio consisting of 25 Class A buildings located in Dallas, Houston, and Chicago [1][3]. Company Overview - Crow Holdings is a prominent real estate development and investment management firm, founded in 1948, with $33 billion in assets under management and a significant presence in multifamily and industrial development [3][4]. - Newmark Group, Inc. operates globally in commercial real estate, generating over $2.8 billion in revenues for the twelve months ended March 31, 2025, and has approximately 8,100 professionals across 165 offices worldwide [5]. Market Trends - The industrial sector continues to attract strong investor interest, particularly in high-growth U.S. markets, with demand for well-located, Class A logistics space remaining robust [3][4]. - The transaction highlights the ongoing confidence in industrial as a leading asset class, especially in high-performing markets like Dallas, Houston, and Chicago [4].
Newmark Arranges 425,000-SF Office Renewal and Expansion for United Nations HQ at 2 UN Plaza in New York City
Prnewswire· 2025-06-18 18:32
Core Insights - Newmark Group, Inc. has successfully represented the United Nations in a significant long-term office lease renewal and expansion at 2 United Nations Plaza, encompassing 425,190 square feet across 26 stories [1][3] - The lease renewal consolidates the UN's operations in New York City, creating a unified headquarters and includes a two-story retail component [1][3] - The transaction is part of a broader $500 million capital improvement program by the landlord, which includes infrastructure upgrades and enhanced security features [4] Company Overview - Newmark Group, Inc. is a leading commercial real estate advisor, providing services to institutional investors, global corporations, and other property owners [1][6] - For the twelve months ending March 31, 2025, Newmark generated revenues exceeding $2.8 billion and operates from 165 offices with approximately 8,100 professionals globally [6]
Newmark Title Services Provides Title, Escrow Services for $700 Million, National Multifamily Portfolio Recapitalization
Prnewswire· 2025-06-12 15:25
Core Insights - Newmark Title Services facilitated a $700 million recapitalization and refinancing of a national multifamily portfolio owned by Nitya Capital, comprising 18 properties across six states, including high-growth markets like Dallas and Las Vegas [1][2][3] Group 1: Transaction Details - The transaction utilized a Single Asset Single Borrower (SASB) loan structure, requiring coordination among a top-tier bank, multiple advisory firms, and legal counsel [2] - Newmark Title Services managed the closing process, overseeing a complex set of deal components across a diverse asset base [2][3] Group 2: Company Expertise - The transaction showcased Newmark's expertise in handling large, sophisticated capital events, with over a dozen professionals dedicated to the assignment [3] - Newmark Title Services' ability to unify all aspects of title and escrow contributed to the successful execution of the transaction [3] Group 3: Strategic Integration - The company operates as Newmark Title Services following the acquisition of MiT National Land Services in 2018, enhancing its title industry practice [4] - Since the acquisition, Newmark Title Services has expanded its national footprint, facilitating commercial real estate transactions efficiently across the country [4] Group 4: Company Overview - Newmark Group, Inc. generated revenues exceeding $2.8 billion for the twelve months ending March 31, 2025, and operates from 165 offices with approximately 8,100 professionals globally [5]
Newmark Arranges $675 Million Refinancing for Independence Plaza in Manhattan
Prnewswire· 2025-06-10 17:36
Core Insights - Newmark Group, Inc. has arranged a $675 million loan for the refinancing of Independence Plaza, a multifamily property in Manhattan, on behalf of Vornado Realty Trust and Stellar Management [1] - Independence Plaza consists of 1,328 residential units across three 39-story towers, totaling 1.4 million square feet [2] - Vornado Realty Trust is a leading Real Estate Investment Trust with a focus on New York City, managing over 26 million square feet of LEED certified buildings [3] - Stellar Management, founded in 1985, manages over 13,000 apartments and nearly three million square feet of office and retail space, focusing exclusively on New York City [4] - Newmark Group, Inc. generated revenues exceeding $2.8 billion for the twelve months ending March 31, 2025, and operates from 165 offices globally with approximately 8,100 professionals [5]
Walmart Inc. Signs 338,000-SF Lease at Jay Paul Company's Iconic Tech Corners Campus in Sunnyvale
Prnewswire· 2025-06-10 15:00
Core Insights - Walmart, Inc. has signed a 338,307-square-foot lease at Tech Corners in Sunnyvale, California, marking the largest new office lease in Silicon Valley since 2023 [1][2] - The Tech Corners project, developed by Jay Paul Company, spans 26 acres and features a 957,204-square-foot office campus that has undergone a $30 million renovation [2][3] - The lease indicates strong momentum in Silicon Valley's office leasing market, particularly in the Moffett Park area of Sunnyvale [3] Company Overview - Newmark Group, Inc. is a leader in commercial real estate, providing a comprehensive suite of services tailored to various clients, including owners, occupiers, and investors [6] - For the twelve months ending March 31, 2025, Newmark generated revenues exceeding $2.8 billion and operates from 165 offices globally with around 8,100 professionals [6]
Newmark Facilitates $210 Million Sale of Iconic Office Tower in Downtown Los Angeles' Financial District
Prnewswire· 2025-06-04 21:13
Core Insights - Newmark Group, Inc. has successfully arranged the sale of a prominent high-rise office tower, 601 South Figueroa Street, for $210 million, translating to approximately $202 per square foot [1][3][4] Company Overview - Newmark Group, Inc. is a leading commercial real estate advisor and service provider, catering to large institutional investors, global corporations, and other owners and occupiers [1][5] - For the twelve months ending March 31, 2025, Newmark generated revenues exceeding $2.8 billion and operates from 165 offices with around 8,100 professionals globally [5] Transaction Details - The sale involved a 1,041,315-square-foot office tower located in Downtown Los Angeles, which was 72% leased at the time of sale, with PricewaterhouseCoopers (PwC) as the anchor tenant [1][4] - The transaction was supported by a team of Newmark executives, including Co-Head of U.S. Capital Markets Kevin Shannon and Vice Chairmen Ken White, Rob Hannan, Laura Stumm, and Michael Moll [2] Property Features - 601 Fig is a 52-story office tower known for its distinctive octagonal design and glass crown, contributing to the Downtown Los Angeles skyline [3] - The property includes amenities such as dual lobbies with a 75-foot atrium, a modern fitness center, a WiFi-enabled open-air plaza, and onsite dining options [3]
Newmark Facilitates $150.7 Million Sale of Trophy Creative Campus in Playa Vista, California
Prnewswire· 2025-06-04 14:00
Core Insights - Newmark Group facilitated the $150.7 million sale of i|o at Playa Vista, marking the highest sale price in Los Angeles year-to-date [1] - The transaction reflects strong institutional investor interest in the office sector, indicating a recovery in capital markets for quality office products [3] Company Overview - Newmark Group, Inc. is a leading commercial real estate advisor and service provider, generating over $2.8 billion in revenues for the twelve months ended March 31, 2025 [6] - The company operates from 165 offices with approximately 8,100 professionals across four continents [6] Transaction Details - The i|o campus spans 306,809 square feet and has maintained an average occupancy level of over 90% since its redesign in 2016 [3] - The property has attracted 78,000 square feet of new leasing over the past 24 months at market-leading rates [3] Market Trends - Trophy buildings in prime locations like Playa Vista are outperforming other asset classes due to strong demand for high-end design and amenities [5] - The competitive bidding process for the i|o campus indicates a broader recovery in the office market, with institutional investors willing to accept leasing uncertainty [3]
Newmark Facilitates $7.1 Billion Construction Loan to Develop AI Data Center
Prnewswire· 2025-05-22 17:10
Core Insights - Newmark Group, Inc. has arranged a $7.1 billion construction loan for Blue Owl Capital, Inc., Crusoe, and Primary Digital Infrastructure to fund the second phase of a $15 billion joint venture for a 1.2-gigawatt AI data center in Abilene, Texas [1][3] Group 1: Transaction Details - The loan is provided by a consortium led by J.P. Morgan and will support the construction of six new buildings, expanding the data center to a total of eight buildings upon completion [1][3] - The first phase of construction, which includes two buildings and over 200 megawatts, began in June 2024 and is expected to be energized in the first half of 2025 [3] - The second phase, consisting of six additional buildings and a total of 1.2 gigawatts, commenced in March 2025 and is anticipated to be energized by mid-2026 [3] Group 2: Company Roles and Statements - Newmark's Co-President of Global Debt & Structured Finance, Jordan Roeschlaub, emphasized the significance of this transaction in advancing sustainable digital infrastructure [3] - Brent Mayo, Head of Data Center Capital Markets at Newmark, stated that this funding solution is crucial for delivering next-generation digital infrastructure to meet AI innovation demands [3] - Newmark also acted as a strategic advisor for the first phase, securing both equity and debt financing [4] Group 3: Company Profiles - Crusoe focuses on aligning computing with climate goals, providing scalable and environmentally friendly AI infrastructure solutions [5] - Blue Owl, with $273 billion in assets under management, offers private capital solutions across various investment platforms [7] - Primary Digital Infrastructure accelerates the growth of hyperscale and AI-driven data centers, providing flexible capital solutions to data center operators [9]