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]