Newmark Group Stock Price, News & Analysis

Newmark Title Services has successfully managed title and escrow services for a significant $700 million recapitalization and refinancing of Nitya Capital's national multifamily portfolio. The transaction involved 18 properties across six states, comprising Class A student housing and Class B market-rate multifamily assets in high-growth markets including Dallas, Indianapolis, the Carolinas, Nashville, Phoenix, and Las Vegas. The deal was structured as a Single Asset Single Borrower (SASB) loan and required extensive coordination among multiple stakeholders. Over a dozen Newmark professionals were dedicated to managing the complex closing process, which spanned several months. The transaction showcases Newmark's integrated service capabilities and builds upon their strategic acquisition of MiT National Land Services in 2018.

Newmark Group (NASDAQ: NMRK) has successfully arranged a significant $675 million refinancing deal for Independence Plaza, a major residential complex in Manhattan's Tribeca neighborhood. The financing was secured on behalf of Vornado Realty Trust and Stellar Management. The property encompasses 1,328 residential units across three 39-story towers, totaling 1.4 million square feet, and includes townhomes, parking facilities, and retail space. The refinancing was secured through a consortium of major banks including Deutsche Bank, Wells Fargo, Bank of America, and Morgan Stanley. The transaction was led by Newmark's senior executives Jordan Roeschlaub and Nick Scribani, with support from Jonathan Firestone and John Caraviello.

Walmart's eCommerce division has secured a significant 338,307-square-foot lease at Tech Corners in Sunnyvale, California, marking Silicon Valley's largest new office lease since 2023. The Jay Paul Company-owned campus, recently enhanced with a $30 million renovation, spans 26 acres and features 957,204 square feet of office space. The LEED Platinum and Gold certified property offers modern amenities including a 22,698-square-foot fitness center, outdoor workspaces, and multiple dining facilities. The deal, brokered by Newmark executives Phil Mahoney and Mike Saign, demonstrates continued demand for premium office space in Silicon Valley's Moffett Park area. Tech Corners boasts a strategic location with VTA Light Rail access and proximity to major highways, while a new 12,000-square-foot retail addition is under development to enhance the campus further.

Newmark (NMRK) has facilitated the sale of 601 South Figueroa Street, a prominent 1,041,315-square-foot office tower in Downtown Los Angeles, for $210 million ($202 per square foot). The iconic 52-story building, known as 601 Fig or Fig at Wilshire, features a distinctive octagonal design and glass crown. The property, completed in 1990, is currently 72% leased with PricewaterhouseCoopers as the anchor tenant. Notable amenities include dual lobbies with a 75-foot atrium, modern fitness center, WiFi-enabled open-air plaza, and onsite dining options. The building's strategic location provides access to key downtown destinations including Crypto.com Arena, LA Live, and the 7th Street Metro station. Uncommon Developers acquired the property from an undisclosed seller, with the transaction supported by various Newmark executives.

Newmark (NMRK) has facilitated the sale of i|o at Playa Vista, a 306,809 square-foot creative workplace campus in Playa Vista, California, for $150.7 million. The transaction, representing the highest sale price in Los Angeles this year, involved Clarion Partners as the seller and Barings as the buyer. The two-building mixed-use campus has demonstrated strong performance with 78,000 square feet of new leasing in the past 24 months and maintained over 90% occupancy since its 2016 Gensler redesign. The property, originally delivered in 2010, features collaborative indoor/outdoor workspaces, exterior stairways, amenitized decks, and a landscaped courtyard. Its strategic location offers access to major freeways, LAX, and various amenities. The strong institutional investor interest and competitive bid process signal a recovery in the capital markets for quality office assets.

Newmark Group (NASDAQ: NMRK) has arranged a $7.1 billion construction loan for the second phase of a major AI data center project in Abilene, Texas. The loan, led by J.P. Morgan, will fund a joint venture between Blue Owl Capital, Crusoe, and Primary Digital Infrastructure. The total project value is $15 billion, creating a 1.2-gigawatt AI data center complex. The second phase includes constructing six additional buildings, bringing the total to eight buildings. Phase one, which began in June 2024, includes two buildings with 200+ megawatts and is expected to be operational by H1 2025. Phase two construction started in March 2025, with expected completion in mid-2026. Newmark previously advised on phase one's equity and debt financing.

Newmark Group (NASDAQ: NMRK) has announced a significant share repurchase agreement with Howard W. Lutnick, the current U.S. Secretary of Commerce and former Executive Chairman. The company will repurchase 10,969,523 shares of Class A common stock at $11.58 per share, totaling $127 million. This transaction is part of Lutnick's compliance with U.S. government ethics rules.

The repurchase will be executed under Newmark's existing stock repurchase authorization, leaving $244.9 million remaining. Additionally, Lutnick will transfer his Cantor Fitzgerald ownership to trusts benefiting his children, with Brandon G. Lutnick as the controlling trustee. The majority of shares (10,839,674) will close immediately, while 129,849 shares held in retirement accounts will close after the Cantor Fitzgerald transactions in Q3 2025.

Newmark (NMRK) has arranged the largest new office lease in Silicon Valley since 2023, securing a 301,163-square-foot sublease for Zscaler's new global headquarters in Santa Clara, California. The deal, located at 4301 and 4401 Great America Parkway, was led by Newmark's Vice Chairman Mike Saign and Senior Managing Director Rich Hoyt.

The new headquarters, scheduled to open in summer 2026, will support Zscaler's expansion and reinforce its position in zero trust cybersecurity. The property, situated in the Great America Parkway corridor near Levi's Stadium, offers strategic advantages including proximity to corporate neighbors and various amenities.

Harwood International and Newmark (NMRK) announce a partnership to recapitalize Harwood's office portfolio and expand its Harwood District in Dallas. The district, spanning 19 city blocks and 30+ acres, achieved record-breaking leasing activity of 342,163 square feet in 2024 with transactions valued at over $200 million. The development maintains 90% occupancy and features 8.5 acres of gardens, 20+ restaurants, and luxury amenities. Notable highlights include the upcoming Goldman Sachs project (2027), Texas Stock Exchange establishment, and strategic timing with Dallas hosting FIFA World Cup 26 matches. The district's success is attributed to its premium amenities, walkability (94 Walk Score), and architectural collaborations with renowned designers. Hôtel Swexan, awarded a One MICHELIN Key in 2024, anchors the hospitality component alongside MICHELIN-recognized dining venues.