Newmark Group Stock Price, News & Analysis

The Preiss Company has acquired The Collective at Lubbock, a student housing complex with 847 beds, located near Texas Tech University. The acquisition, financed by Newmark with a senior loan featuring a 5-year, interest-only term at under 2% interest, is part of a strategic expansion into Texas. A multi-million capital improvement project is set to commence in Spring 2022, aiming to upgrade common areas and enhance overall resident experience over three years. This marks TPCO's 14th asset in Texas, expected to leverage economies of scale.

Newmark Group, Inc. (NASDAQ: NMRK) reported its financial results for Q3 2021, with revenues exceeding $2.5 billion for the trailing twelve months ending September 30, 2021. The company is a leader in commercial real estate, operating over 160 offices globally with around 6,200 professionals. A conference call is scheduled to discuss forward-looking statements regarding the company's financial outlook. For more details, the complete press release is available online.

Newmark Group, Inc. (NASDAQ: NMRK) will hold a webcast presentation for investors and analysts on December 7, 2021, from 10:00 AM ET to 11:30 AM ET. The event will feature management discussing financial results, operations, and future outlook. The presentation can be accessed via the Investor Relations section of the company's website. A replay will be available within 24 hours post-event. Newmark reported revenues over $2.2 billion for the 12 months ending June 30, 2021, with a global team of approximately 6,200 professionals.

Newmark Group, Inc. has expanded its International Capital Markets (ICM) group by hiring Frederick Wong and Joseph Morris as Executive Managing Directors for the Asia Pacific and Middle Eastern regions, respectively. This move is part of Newmark's strategy to enhance its global reach in commercial real estate services, supporting over $40 billion in transactions with offshore investors in the last five years. Wong, based in Hong Kong, brings over 20 years of experience while Morris, based in Dubai, has over 18 years in real estate capital markets.

Newmark has successfully facilitated the sale of the North County Corporate Center (NCCC) in Vista, California, for $147.5 million. This industrial campus spans 493,898 square feet and is fully occupied by six credit tenants. The property features modern amenities, including 26-foot clearances and abundant loading facilities. With a strong cash flow and below-market rents, NCCC presents an attractive investment for Black Creek Group. The San Diego market showcases strong industrial demand, reflecting eleven years of positive absorption and a 4.5% vacancy rate, indicating strong future rent potential.

Newmark Group announces its international expansion in the flexible office sector by acquiring a majority stake in Deskeo, a leading French flexible office platform. This acquisition adds over 50 locations to Newmark's portfolio, which already includes Knotel, showcasing its commitment to providing a diverse suite of commercial real estate services. Newmark's Global Corporate Services division has also seen significant growth, adding new senior experts and business assignments, reinforcing its strategy to meet modern business needs.

Newmark Group, Inc. (NASDAQ: NMRK) has announced its plans to release its third quarter 2021 financial results on November 5, 2021, ahead of the market opening. A conference call to discuss the results will be held on the same day at 10:00 a.m. ET. Participants can access the advisory press release at ir.nmrk.com. The company generated revenues exceeding $2.2 billion for the trailing twelve months ending June 30, 2021.

Newmark Group has appointed Jason McGruder as the new Head of Investor Relations. McGruder, an industry expert with nearly two decades of experience, will enhance communication with the investment community and promote the company's strategy and financial performance. Mike Rispoli, CFO of Newmark, emphasized McGruder's leadership skills are crucial for the company’s growth and ongoing global expansion. Newmark reported revenues exceeding $1.9 billion in 2020, showcasing its stature in the commercial real estate sector.

Newmark Group, a leading commercial real estate services company, announced that CEO Barry M. Gosin will participate in KBW's CRE day on September 29, 2021. The event will be available via an audio webcast on both Newmark's Investor website and KBW's website. This webcast may feature forward-looking statements about Newmark's operations and financial outlook. An archive will be accessible for 90 days post-event. Notably, Newmark reported revenues exceeding $2.2 billion for the year ending June 30, 2021.