Newmark Arranges $525 Million Refinancing for The Artise on Behalf of Schnitzer West and The Baupost Group
Rhea-AI Summary
Newmark (NMRK) arranged a $525 million refinancing for The Artise, a Class A+ 25-story office tower in downtown Bellevue that is 99% leased. The loan was placed with Goldman Sachs and Deutsche Bank on behalf of Schnitzer West and The Baupost Group.
Completed in 2024 and LEED Gold certified, The Artise features 927 below-grade parking stalls, a 3,000-square-foot terrace, advanced glazing, and extensive bike amenities.
Positive
- $525 million refinancing secured
- Property is 99% leased
- Financing provided by Goldman Sachs and Deutsche Bank
- Class A+ 25-story trophy office in Bellevue
Negative
- None.
News Market Reaction – NMRK
In the Apr 1 session, NMRK declined 0.67%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Mar 30 | Large refinancing deal | Positive | +2.7% | Arranged $1.65B refinancing for fully leased One Madison Avenue trophy office. |
| Mar 25 | Strategic advisory win | Positive | +2.7% | Advised on One Beverly Hills, closing record non–data center construction loan. |
| Mar 25 | Advisory update | Positive | +2.7% | UPDATE detailing strategic advisory role on ultra-luxury One Beverly Hills project. |
| Mar 17 | Leasing mandate | Positive | +1.9% | Awarded exclusive leasing and management for 4.2M sq. ft. suburban portfolio. |
| Mar 09 | Industry recognition | Positive | +1.5% | Named to IAOP 2026 Global 100® as a 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.
Recent positive corporate announcements have generally aligned with modestly positive next-day price reactions.
Over the past month, Newmark has issued multiple positive capital markets and corporate updates, including large refinancings like One Madison Avenue on 2026-03-30, strategic advisory roles on marquee projects such as One Beverly Hills on 2026-03-25, and a major Philadelphia leasing and management mandate on 2026-03-17. These events all produced +1.47% to +2.73% next-day moves. Today’s Bellevue refinancing continues this pattern of securing sizable, fully leased trophy-office mandates in key U.S. markets.
Key Terms
leed gold technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Newmark Co-President of Global Debt & Structured Finance Jonathan
"Securing this refinancing for The Artise underscores lender confidence in
"The Artise reinforces the strength of
Completed in 2024, at the intersection of NE 8th Street and 106th Avenue, The Artise is a state-of-the-art, LEED Gold certified office tower featuring a prominent public plaza with a water feature, 927 below-grade parking stalls, self-tinting high-performance glazing, a 3,000-square-foot outdoor terrace and robust bike amenities including 196 vertical bike racks, 12 e-bike charging stations and dedicated locker rooms.
About Schnitzer West
Schnitzer West LLC is one of the
About The Baupost Group
The Baupost Group is a
Employing its value-focused discipline, Baupost has been successfully investing in real estate for more than 30 years. Working both independently and through joint ventures, the firm has deep experience in public and private real estate markets, in equity and credit positions, and across geographies and property types. Baupost's relationships, flexible capital, and ability to underwrite large, complex situations has made the firm a trusted counterparty to programmatic equity joint-ventures and bespoke debt financing structures alike.
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
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.
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SOURCE Newmark Group, Inc.