Newmark Group Stock Price, News & Analysis

Newmark has successfully arranged $175 million in financing for the acquisition and renovation of 45 East 53rd Street in Manhattan, a joint venture between ZG Capital Partners and Rialto Capital Management. The financing consists of $120 million from a loan and $55 million from equity. Newmark's team, led by Dustin Stolly and Jordan Roeschlaub, aims to enhance the office space's appeal through modernization and amenities. The building, originally developed as Santander Bank's NYC headquarters, is poised to attract small and medium-sized tenants with its prime location and upcoming renovations.

Newmark Group, Inc. (Nasdaq: NMRK) is set to announce its second-quarter 2022 financial results on July 29, 2022, prior to market open. A conference call will follow at 10:00 a.m. ET on the same day. The advisory press release will be available by 8:00 a.m. ET and can be accessed through Newmark's investor relations website. The company generated revenues of nearly $3.1 billion for the twelve months ending March 31, 2022, and operates approximately 170 offices worldwide.

Newmark has successfully arranged a $322 million financing package from Blackstone for the luxury waterfront residential development at St. John's Terminal in Manhattan. This project, a joint venture with Zeckendorf Development and Atlas Capital Group, is valued at $1.25 billion and will include over 600,000 square feet of residential space on a 1.3-acre site. The two-tower design will rise 430 feet, providing exceptional views and amenities, while the project is positioned to stand out in New York's competitive real estate market.

On June 28, 2022, Barings acquired a portfolio of three GMP-compliant life science buildings totaling 228,025 square feet in Fremont, California, from Angelo Gordon, facilitated by Newmark. The portfolio includes strategically located buildings with high demand characteristics and offers significant potential for enhancements, backed by nearly $20 million in planned improvements. With a current 4.5% vacancy rate and high tenant demand for lab space, this acquisition strengthens Barings' commitment to specialized real estate assets in a leading life science market.

Newmark has successfully completed the sale of Moffett Green, marking the largest office investment trade in Silicon Valley history. The fully leased campus, comprising 719,037 square feet across four Class A buildings, has been leased to Meta Platforms on a long-term basis. The transaction indicates strong investor interest in trophy assets in high-demand markets. Over the past 24 months, Newmark has facilitated over 60 transactions amounting to more than $7 billion. Moffett Green’s amenities and strategic location contribute to its appeal among innovation tenants.

Newmark Group, Inc. (Nasdaq: NMRK) announced participation in the 2022 KBW Virtual Real Estate Finance & Technology Conference, held on May 26, 2022. Jeff Day, Chief Strategy Officer and President of Multifamily Capital Markets, was a panelist discussing "Commercial Real Estate & Rising Interest Rates." The webcast replay is available on Newmark's investor relations website, and will be accessible for 90 days post-event. Newmark generated revenues of nearly $3.1 billion for the twelve months ending March 31, 2022, with operations in approximately 170 offices globally.

Newmark has successfully completed the $390 million sale of a portfolio comprising nine grocery-anchored shopping centers, totaling 729,437 square feet across the Greater Boston and Providence areas. The transaction, characterized as a generational opportunity, reflects strong investor demand for premier supermarket-anchored retail assets. The portfolio is primarily leased to reliable grocery anchors like Whole Foods and Shaw's, underscoring the centers' stability and community importance. The deal was facilitated by Newmark's Boston Capital Markets Group, representing the seller, Gravestar, and procuring buyer TA Realty.

Barings and Schnitzer West have successfully completed the $730M sale of Seattle's Madison Centre to Boston Properties (NYSE: BXP), marking the largest multi-tenant office sale year-to-date in the U.S. The 37-story office tower, completed in September 2017, features 760,971 rentable square feet and is 93% leased. Madison Centre boasts advanced amenities, including health and wellness features, and has achieved LEED Platinum certification. The sale, brokered by Newmark, highlights the growing demand for high-quality office spaces as tenants adapt post-COVID.