Newmark Arranges $210 Million Sale of Trophy Worldcenter Retail in Downtown Miami

Newmark (Nasdaq: NMRK) arranged the $210 million sale of the retail component of Miami Worldcenter, a newly built 272,966-square-foot urban lifestyle center in downtown Miami.

Rhea-AI Summary

Newmark (Nasdaq: NMRK) arranged the $210 million sale of the retail component of Miami Worldcenter, a newly built 272,966-square-foot urban lifestyle center in downtown Miami.

The buyer is a joint venture between Falcone Group, The Davis Companies and Jamestown; the seller was a joint venture led by CIM Group and Park West Ventures. The property, completed in 2024, is anchored by Apple and sits in a large mixed-use district of the $6 billion Miami Worldcenter development.

Positive

• $210M institutional retail sale — largest non-mall South Florida deal since 2017
• 272,966 sq ft newly constructed upscale retail component completed in 2024
• Acquired by a high-profile JV: Falcone, The Davis Companies, Jamestown
• Anchored by Apple and multiple national/international retailers
• Located within a $6B Miami Worldcenter mixed-use district with 12,000 planned residential units

Negative

• None.

Argus Apr 2 session

-1.75% close to close Open Argus

Details

News Market Reaction – NMRK

On Apr 2, the day this news came out, NMRK closed 1.75% below the previous close.

Data tracked by StockTitan Argus for the Apr 2 session.

Market Context

This announcement underscores Newmark’s role in large, institutional-quality transactions, arranging...

Analysis

This announcement underscores Newmark’s role in large, institutional-quality transactions, arranging a $210 million sale of Miami Worldcenter’s retail component within a $6 billion mixed-use project. It adds to a recent string of high-profile mandates and comes against a backdrop of U.S. commercial real estate investment sales rising about 20% year-over-year in 2025. Investors may track how consistently Newmark converts such headline deals into sustained revenue and earnings growth.

Key Figures

Sale price: $210 million Project value: $6 billion Retail area: 272,966 square feet +5 more

Sale price

$210 million

Retail component of Miami Worldcenter

Project value

$6 billion

Total Miami Worldcenter mixed-use project

Retail area

272,966 square feet

Upscale retail component at Miami Worldcenter

Residential units

12,000 units

Planned residential capacity at Miami Worldcenter

Office space

600,000 square feet

Planned office space at Miami Worldcenter

Hotel rooms

850 rooms

Planned hotel capacity at Miami Worldcenter

Sales activity growth

20%

2025 U.S. CRE investment sales activity YoY increase

Year reference

2017

Largest non-mall retail sale in South Florida since

Historical Context

5 past events · Latest: Mar 30

5 events

1. Mar 30

   Large refinancing deal

   24h Move

   +2.7%

   Arranged $1.65B refinancing for fully leased Manhattan trophy office.

2. Mar 25

   Advisory mandate

   24h Move

   +2.7%

   Served as strategic advisor on One Beverly Hills ultra-luxury mixed-use project.

3. Mar 25

   Advisory update

   24h Move

   +2.7%

   Update confirming role on largest non–data center construction loan for mixed-use.

4. Mar 17

   Leasing/management win

   24h Move

   +1.9%

   Won exclusive leasing and management for 4.2M sq ft flex and office portfolio.

5. Mar 09

   Industry recognition

   24h Move

   +1.5%

   Named to IAOP 2026 Global 100® as Leader for 17th consecutive year.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Transaction is Largest Non-Mall Retail Sale in South Florida Since 2017¹.

MIAMI, April 2, 2026 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark") announces its Retail Capital Markets business has arranged the $210 million sale of the retail component of Miami Worldcenter, a newly constructed urban lifestyle center located at the epicenter of Downtown Miami's transformative mixed-use district. The sale marks the largest non-mall retail transaction recorded in South Florida since 2017.

Newmark's Head of Retail Capital Markets, North America Conor Lalor acted as strategic advisor to his longtime client CIM Group, while Senior Managing Director Eric Williams represented the seller, a joint venture led by CIM Group and Park West Ventures, the master developer of the $6 billion Miami Worldcenter project, along with Co-Head of U.S. Capital Markets Adam Spies. The buyer is a joint venture between Falcone Group, The Davis Companies and Jamestown.

"Miami Worldcenter represents one of the most significant retail investment opportunities ever brought to market in South Florida," said Lalor. "Institutional investors continue to target large, irreplaceable retail assets located in dynamic urban districts, and Miami Worldcenter stands at the center of one of the fastest-growing downtown markets in the country."

Completed in 2024, the property's retail component comprises approximately 272,966 square feet of upscale retail within the development, which upon completion will include approximately 12,000 residential units, more than 600,000 square feet of office space and 850 hotel rooms, creating one of the most significant urban redevelopment projects in the United States.

"Assets of this scale and quality continue to command outsized interest from institutional buyers," said Williams. "This transaction reflects both the depth of capital targeting high-performing retail and the increasing velocity of large-scale trades as conviction returns to the market."

Anchored by a flagship Apple store, Miami Worldcenter features a roster of leading national and international retailers including Club Studio, Maple & Ash, Ray-Ban, Sephora, Lululemon, Lucky Strike and Museum of Ice Cream, among others. Newmark has played a long-standing role in the project's evolution, including representing several tenants within the development.

Located at 1010 NE 2nd Avenue, the property sits adjacent to the Kaseya Center, home of the Miami Heat, and within blocks of major economic and cultural drivers including Brightline's MiamiCentral station, PortMiami, the Adrienne Arsht Center for the Performing Arts and the Frost Museum of Science. The district benefits from immediate connectivity to Interstates 95 and 395 and serves a dense and rapidly expanding trade area with tens of thousands of residents, employees and visitors.

According to Newmark Research, U.S. commercial real estate investment sales activity increased approximately 20% year-over-year in 2025, with larger transactions beginning to regain share as institutional capital returns to the market. Improved price discovery, stabilized interest rates and continued demand for high-quality assets have supported a rebound in transaction velocity, particularly for well-leased, newly constructed retail properties in major gateway markets.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended December 31, 2025, Newmark generated revenues of nearly $3.3 billion. As of December 31, 2025, Newmark and its business partners together operated from approximately 175 offices with over 9,300 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

¹ By sales price, according to Newmark Research and MSCA

View original content to download multimedia:https://www.prnewswire.com/news-releases/newmark-arranges-210-million-sale-of-trophy-worldcenter-retail-in-downtown-miami-302733216.html

SOURCE Newmark Group, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Newmark announce about the $210 million Miami Worldcenter retail sale (NMRK) on April 2, 2026?

Newmark arranged the $210 million sale of the Miami Worldcenter retail component. According to the company, the buyer is a joint venture of Falcone Group, The Davis Companies and Jamestown, and the seller was led by CIM Group and Park West Ventures.

How large is the retail asset sold at Miami Worldcenter referenced by NMRK?

The retail component comprises approximately 272,966 square feet of retail space. According to the company, it was completed in 2024 and is anchored by a flagship Apple store and several national retailers.

Why is the $210 million Miami Worldcenter retail sale notable for investors in NMRK?

The sale is the largest non-mall retail transaction in South Florida since 2017, signaling renewed institutional demand. According to the company, it reflects returning capital and increased velocity in large-scale retail trades.

Who bought the Miami Worldcenter retail component in the transaction arranged by NMRK?

The buyer is a joint venture between Falcone Group, The Davis Companies and Jamestown. According to the company, the buyer JV acquired the asset from a seller JV led by CIM Group and Park West Ventures.

How does the Miami Worldcenter retail sale fit into the broader development and location benefits for NMRK investors?

The retail sits within a $6 billion mixed-use district with planned 12,000 residential units and major nearby assets. According to the company, it benefits from proximity to Kaseya Center, Brightline and major highways.