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Newmark Arranges $600 Million Construction Financing for 50 MW Build-to-Suit Data Center for Blue Owl, Chirisa and PowerHouse
Prnewswire· 2024-12-13 14:00
NEW YORK, Dec. 13, 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 firm has arranged a $600 million loan to capitalize a 50 megawatt build-to-suit data center development by Blue Owl Real Estate, Chirisa and PowerHouse Data Centers in Northern Virginia. The financing was arranged by Newmark's Co-Presidents of ...
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 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 ...