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Newmark Arranges $525 Million Refinancing for Flexible Living Apartment Portfolio Operated by Sentral
Prnewswire· 2024-12-11 20:13
First-of-its-kind single-asset, single-borrower ("SASB") transaction validates flexible apartment properties as an institutional asset classLOS ANGELES, Dec. 11, 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 the completion of a landmark $525 million refinancing on behalf of ICONIQ Capital and Sentral: a first-of ...
Newmark's Executive Chairman Howard W. Lutnick Nominated for U.S. Secretary of Commerce
Prnewswire· 2024-11-21 21:13
NEW YORK, Nov. 21, 2024 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark") Executive Chairman Howard W. Lutnick provided the following statement:"I am deeply honored to have been nominated by President Donald J. Trump to serve as the 41st U.S. Secretary of Commerce. I look forward to this new chapter in my life, working for President Trump to promote economic growth, drive innovation, and strengthen our nation's financial security. Upon U.S. Senate confirmation, I will step down from my position ...
Newmark Facilitates Sale of 427,799-SF Office Campus in Dallas' Sought-After Preston Center Submarket
Prnewswire· 2024-11-21 17:30
Transaction Marks Largest Office Sale1 in Texas in 2024DALLAS, Nov. 21, 2024 /PRNewswire/ -- Newmark announces it has arranged the sale of Preston Commons, a three-building, 427,799-square-foot office campus located in Dallas' coveted Preston Center submarket. Newmark Vice Chairmen Robert Hill, Chris Murphy and Gary Carr represented the seller in the transaction.Preston Commons is 93% leased to a distinguished roster of tenants. Over the last decade, approximately $24 million in yield-generating capital has ...
Newmark Advises URW in €172.5 Million Office Sale
Prnewswire· 2024-11-13 20:06
PARIS, Nov. 13, 2024 /PRNewswire/ -- Newmark announces the firm has advised Unibail-Rodamco-Westfield (URW) in the €172.5 million sale of the 140,846 square-foot (13,085 square-meter) office portion of Les Ateliers Gaîté, a mixed-use property in the prominent Montparnasse district of Paris. Newmark Deputy Chief Business Officer Emmanuel Frénot arranged the transaction between URW and buyers Swiss Life Asset Managers and Norges Bank Investment Management."Advising URW on the sale of this asset, with its exce ...
Newmark(NMRK) - 2024 Q3 - Quarterly Report
2024-11-08 21:06
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 September 30, 2024 ☐ 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) Delaware 81-4467492 (State or other Jurisdict ...
Newmark Group: Beat-And-Raise Q3 Supports A Buy
Seeking Alpha· 2024-11-08 07:09
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Newmark Advises on Sale of Iconic W Hotel South Beach
Prnewswire· 2024-11-05 20:12
Sale Marks Largest Miami Hotel Transaction This YearNEW YORK, Nov. 5, 2024 /PRNewswire/ -- Newmark announces the more than $400 million sale of the 20-story oceanfront W Hotel South Beach in Miami, Florida. Newmark was an advisor to the seller, Tricap1. Reuben Brothers purchased the property."I am confident that the Reuben Brothers family will take the W to the next level of greatness, and look forward to the success they will achieve and the impact they will make on the world-class luxury Miami Beach hospi ...
Newmark(NMRK) - 2024 Q3 - Earnings Call Transcript
2024-11-05 18:27
Newmark Group, Inc. (NASDAQ:NMRK) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Jason McGruder - Head of Investor Relations Barry Gosin - Chief Executive Officer Mike Rispoli - Chief Financial Officer Luis Alvarado - CRO & East Region Market Leader Conference Call Participants Connor Mitchell - Piper Sandler Jade Rahmani - KBW Patrick O'Shaughnessy - Raymond James Operator Ladies and gentlemen, good day, and welcome to the Newmark Group 3Q 2024 Financial Results Call. To ...
Newmark(NMRK) - 2024 Q3 - Earnings Call Presentation
2024-11-05 15:30
NEWMARK Newmark Group, Inc. (Nasdaq: NMRK) Third Quarter 2024 Financial Results Presentation November 5, 2024 Property Type: Various NMRK.COM Disclaimers Discussion of Forward-Looking Statements References in this document to "we," "us," "our," the "Company" and "Newmark" mean Newmark Group, Inc., and its consolidated subsidiaries. Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual result ...
Newmark Group (NMRK) Q3 Earnings Top Estimates
ZACKS· 2024-11-05 15:16
Newmark Group (NMRK) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.45%. A quarter ago, it was expected that this provider of commercial real estate services would post earnings of $0.22 per share when it actually produced earnings of $0.22, delivering no surprise.Over the last fou ...