Welcome to our dedicated page for Newmark Group news (Ticker: NMRK), a resource for investors and traders seeking the latest updates and insights on Newmark Group stock.
Newmark Group Inc. (NMRK), a global leader in commercial real estate advisory services, provides integrated solutions spanning leasing, investment sales, and property management. This page serves as the definitive source for official company announcements and market-moving developments.
Access timely updates on earnings reports, strategic partnerships, leadership changes, and operational milestones. Investors and industry professionals will find curated press releases covering corporate advisory services, commercial mortgage brokerage activities, and global property transactions.
Our repository simplifies tracking NMRK's market position through verified updates on acquisitions, client engagements, and service innovations. Content is organized for quick scanning while maintaining compliance with financial disclosure standards.
Bookmark this page for direct access to Newmark's latest announcements, ensuring you stay informed about critical developments in commercial real estate advisory and transaction services.
Newmark Group (NMRK) has appointed Justin Shepherd as Co-Head and Vice Chairman of its U.S. Healthcare Capital Markets practice. Shepherd joins Co-Heads Ben Appel and Jay Miele, along with John Nero, Head of Healthcare Debt.
Based in Irvine, Shepherd brings 15 years of experience specializing in Medical Outpatient Building (MOB) and healthcare real estate transactions, having facilitated over $20 billion in deals. Including Shepherd's previous transactions, the team will have collectively advised on nearly $40 billion of healthcare real estate transactions since 2021.
The Healthcare Capital Markets practice group, established in 2021, operates with leaders in Philadelphia, New York, Boston, San Diego, and Los Angeles. The team has conducted transactions across nearly every U.S. state, serving major REITs, funds, advisors, and LPs both domestically and globally.
Newmark Group (NASDAQ: NMRK) has significantly strengthened its multifamily capital markets practice with the hiring of seven top industry veterans from Eastdil Secured. Joseph Smolen and Geoff Boler join as Executive Vice Chairmen, while Will Purcell and Jonathan Merhaut join as Vice Chairmen, along with other senior appointments.
The new team brings an impressive track record of over $100 billion in closed transactions and has dominated the Western U.S. market, handling more than 90% of multifamily sales of at least $300 million in the region over the past seven years. Notable transactions include the $925 million sale of Westlake Village Apartments in the Bay Area.
This strategic expansion follows Newmark's rise to third place in Multifamily sales volume in 2024. The new hires will be split between San Francisco and Orange County offices, furthering Newmark's goal of becoming the nation's leading Multifamily Capital Markets provider.
Newmark (NMRK) has successfully arranged a $275 million refinancing loan for 63-67 Wall Street, a luxury two-tower multifamily property in New York City's Financial District. The financing was secured for owners Rockpoint and Brooksville Company, with Apollo Global Management providing the funding.
The 816-unit residential complex, originally built as two separate office buildings in 1921 and 1928, was converted into apartments in 2004 and 2006. Since acquiring the property in 2016, Rockpoint and Brooksville Company have implemented significant improvements, including apartment renovations, upgraded common areas and amenity spaces, and retail space reconfiguration.
Newmark Group (Nasdaq: NMRK), a leading commercial real estate advisor and service provider, has announced its participation in the 30th Annual Citi Global Property CEO Conference. Barry Gosin, Chief Executive Officer, will deliver a round table presentation on Tuesday, March 4, 2025, at 9:35 a.m. Eastern Time.
The presentation will be accessible to the public through a live webcast available at the specified webcast link and through the investor relations section of Newmark's website at ir.nmrk.com.
Newmark has secured a $450 million refinancing loan for Texas Tower, a 47-story trophy office skyscraper in Houston, Texas. The transaction marks the first multi-tenant office tower financing outside New York City in the CMBS single-asset, single-borrower market in two years.
The 1.2 million-square-foot property, delivered in 2021, is currently 95% leased with over 500,000 square feet leased in the past year. Major tenants include Vinson & Elkins, Morgan Stanley, Cheniere Energy, and Clifford Chance. The tower, which serves as Hines's global headquarters, features premium amenities including a rooftop garden, conference center, and fitness facility.
The refinancing saw exceptional investor demand, with AAA-rated bonds being nearly five times oversubscribed and lower tranches experiencing up to 20 times oversubscription. The property has received multiple awards, including LEED® Platinum, WiredScore Platinum and WELL Platinum™ Building Standards.
Newmark Group (NMRK) has achieved the #1 ranking in U.S. student housing investment sales for 2024, according to Real Capital Analytics and Real Estate Alert rankings. The company reported a significant 58% surge in student housing capital markets transaction volumes during 2024, with total transactions reaching $9.5 billion.
Led by Executive Vice Chairman Ryan Lang's team, Newmark arranged over $1.5 billion in student housing property sales and financings in Q4 alone. The team completed 28 sale transactions across 14 states, including strategic joint ventures, recapitalizations, and trophy high-rise assets.
The sector's exceptional performance was primarily driven by rapid enrollment growth at top-tier universities, with particularly strong sequential industry quarterly volume increases of 92% and 91% year-over-year in the second half of 2024.
Newmark Group (Nasdaq: NMRK) has been selected for the 2025 Global Outsourcing 100® by the International Association of Outsourcing Professionals (IAOP®) for the 16th consecutive year. The company, which provides commercial real estate advisory and services to institutional investors and corporations, was recognized in the 'Leader' category.
The Global Outsourcing 100® is an annual listing that employs a rigorous scoring methodology, including review by IAOP customer members experienced in selecting outsourcing providers. Liz Hart, President of Leasing, North America, emphasized the company's commitment to delivering strategic solutions through data-driven insights and market expertise.
Newmark Group (NMRK) announced that CEO Barry M. Gosin will take on the additional role of Chairman of its operating company, Newmark & Company Real Estate, following Howard Lutnick's departure to become the 41st U.S. Secretary of Commerce.
Gosin, who has served as CEO since 1979, was instrumental in several key company milestones, including Newmark's sale to BGC Partners in 2011, its IPO in 2017, and spin-off from BGC in 2018. Under his leadership, Newmark has achieved remarkable growth, becoming the fastest-growing commercial real estate services company with a market capitalization of approximately $3.7 billion. The company has increased annual revenues by over 1,000% since 2011, expanded its commercial and multifamily origination market share sixfold, and increased its investment sales share by more than 2.5 times over the past decade.
Newmark Group (NMRK) has announced significant leadership changes, with Stephen Merkel being appointed as Chairman of the Board of Directors. This appointment follows Howard W. Lutnick's stepping down from his positions as Executive Chairman and Chairman of the Board after his confirmation as the 41st Secretary of Commerce by the United States Senate.
Merkel, who will maintain his roles as Executive Vice President and Chief Legal Officer, brings over 30 years of experience and has been with Newmark since its acquisition by BGC Partners. He currently serves as Executive Vice Chairman, Executive Managing Director, and General Counsel for the Cantor Fitzgerald group of companies.
Additionally, Kyle Lutnick will join the Board. He most recently served as Global Managing Director of Knotel, Inc., Newmark's flexible office and workspace business, and previously held positions in the company's retail advisory team.
Howard W. Lutnick, Executive Chairman of Newmark Group (NMRK), has been confirmed as the 41st U.S. Secretary of Commerce and has stepped down from his positions at the company. Under his leadership since acquiring Newmark in 2011 for $100 million, the company's revenues grew from $230 million to nearly $2.8 billion, achieving a $3.7 billion market capitalization.
Lutnick was instrumental in facilitating over 55 acquisitions and recruiting hundreds of leading industry professionals. He has agreed to divest his interests in Newmark to comply with government ethics rules, without any arrangement involving open market share sales.
Prior to Newmark, Lutnick served at Cantor Fitzgerald since 1983, becoming President and CEO in 1991 and Chairman in 1996. Following the 9/11 attacks, where Cantor Fitzgerald lost 658 employees, he established the Cantor Fitzgerald Relief Fund, which donated $180 million to victims' families.