Newmark Group Stock Price, News & Analysis

Newmark Group, Inc. launched Newlitic, a customizable platform designed to enhance corporate real estate (CRE) management. This innovative technology consolidates portfolio data, improving reporting on occupancy, lease administration, and facilities management through user-friendly dashboards. Newlitic supports data-driven strategies, allowing clients to optimize resources and manage costs effectively. With over two decades of integration experience, it simplifies data input and enables trend tracking for informed decision-making. Newmark reported revenues of approximately $3.1 billion for the year ending September 30, 2022.

Newmark has arranged a $535.8 million loan for GFP Real Estate, Metro Loft Management, and Rockwood Capital for the acquisition and redevelopment of 25 Water Street in New York City. This project is noted as the largest office-to-residential conversion in the U.S., transforming a 1.1 million-square-foot office building into approximately 1,300 residential units. The redevelopment will offer extensive amenities including fitness and lifestyle features. GFP and Metro Loft aim to leverage their extensive track records in similar projects to ensure success in this massive undertaking.

Cantor Fitzgerald announced the successful sale of 865 Bellevue Apartments in Nashville, delivering a 156% return on investors' original investment and an internal rate of return of 15% over a three-year hold period. The property features 326 units and various amenities, and its location provides convenient access to Nashville's employment centers. The sale was facilitated amidst economic challenges, reflecting a well-executed business strategy. As of December 2022, Cantor Fitzgerald's portfolio includes over 7,900 multifamily units and substantial commercial real estate holdings.

Newmark has established its dedicated Single Family Rental (SFR) group, focusing on investment sales, joint-venture equity, and debt finance. This initiative, led by Vice Chairmen Chad Lavender and Ryan Maconachy, leverages Newmark's strong multifamily market presence. In 2022, Newmark ranked #1 in alternative real estate transactions and second in multifamily volumes, with over $100 billion allocated to the SFR sector. The company has completed transactions worth over $15 billion since 2019. Overall revenues reached approximately $3.1 billion for the twelve months ending September 30, 2022.

Newmark has facilitated a $300 million joint venture between Maya Capital Partners and Artemis Real Estate Partners, targeting high-quality self-storage assets in the Northeastern United States. The venture starts with the acquisition of a 1,120-unit Class A self-storage facility in New Rochelle, NY, which is 100% climate-controlled and ready for immediate lease-up. CIBC provided financing for this transaction. This initiative reflects Newmark's strategy of expanding complex joint venture financing, having recently arranged a $1 billion cold storage venture with $350 million in equity.

Newmark completed the sale of LivGenerations, a four-property, Class A seniors housing portfolio in Phoenix, for $255 million. The portfolio includes 546 units across independent living, assisted living, and memory care facilities, built between 2014 and early 2022. Located in desirable submarkets near upscale retail and residences, the transaction highlights Newmark's strength in commercial real estate. For the twelve months ending September 30, 2022, Newmark reported revenues of approximately $3.1 billion.

On November 29, 2022, Newmark facilitated a $127.4 million loan to refinance 575 Broadway, a prominent mixed-use building in Manhattan's SoHo neighborhood. This iconic property, originally built in 1882, is known for its prime location and high-profile tenants like Estee Lauder and Prada. The refinancing was arranged by key executives, including Vice-Chairmen Dustin Stolly and Jordan Roeschlaub. Newmark, a leader in commercial real estate, reported revenues of approximately $3.1 billion for the year ending September 30, 2022.

Newmark has secured a $150 million loan for the financing of 295 Fifth Avenue in Manhattan, representing a significant investment in the 19-story, 710,000-square-foot trophy office tower by Tribeca Investment Group, Meadow Partners, and PGIM Real Estate. Led by Vice Chairmen Dustin Stolly and Jordan Roeschlaub, the financing underscores the property's appeal amid market uncertainties. Recent renovations enhance its attractiveness, particularly in the Midtown South submarket, which is experiencing a post-COVID

Newmark has arranged $360 million in financing for a 50-asset, 3.9 million-square-foot self-storage portfolio on behalf of Angelo Gordon and Andover Properties. The portfolio is well-leased, located in primary markets across the U.S. Key executives involved include Jordan Roeschlaub and Dustin Stolly. Goldman Sachs provided the loan, emphasizing the partnership's capability in driving cash flow growth. Angelo Gordon has managed $52 billion in investments, focused on value-added strategies.