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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(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
Group 1 - The core viewpoint of the article emphasizes the investment potential in Newmark Group, Inc. (NASDAQ: NMRK), highlighting that its Q3 2024 earnings exceeded expectations and the company has raised its EPS guidance for FY 2024 [1] - The research service Asia Value & Moat Stocks targets value investors looking for Asia-listed stocks with significant discrepancies between price and intrinsic value, focusing on deep value balance sheet bargains and wide moat stocks [1] - The author of the investment group provides monthly updates and watch lists for investors, particularly concentrating on the Hong Kong market [1]
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 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 ...
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 ...