Newmark Group - NMRK STOCK NEWS

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.

Newmark Group (NMRK) has announced its role as the lead commercial real estate advisor in Blackstone's $4 billion acquisition of Retail Opportunity Investments Corp (ROIC). The transaction, which closed on February 12, 2025, involved Blackstone Real Estate Partners X acquiring all outstanding ROIC common shares at $17.50 per share in an all-cash deal.

The acquisition encompasses 93 grocery-anchored retail properties with a total area of 10.5 million square feet. The deal was facilitated by Newmark's senior executives, including Doug Harmon, Conor Lalor, Jordan Roeschlaub, and Andrew Warin, representing various divisions within the firm.

Newmark Group (NMRK), a leading commercial real estate advisor and service provider, announced the release of its financial results for Q4 and full-year 2024. The company has scheduled a conference call for 10:00 a.m. ET to discuss the results and has declared its quarterly dividend.

The complete financial results, investor presentation, and supplemental Excel financial tables are available through various channels on the company's website, including the investor relations and media sections. The announcement indicates that the upcoming conference call will include forward-looking statements regarding the company's financial outlook.

Newmark has arranged a significant recapitalization and new joint venture between Hines and CubeSmart for a 14-property self-storage portfolio in the Dallas-Fort Worth Metroplex. The transaction, one of the largest self-storage portfolio deals of 2024, was led by Newmark's Vice Chairman Aaron Swerdlin and Executive Managing Director Andrew Warin.

The portfolio features over 9,700 units across more than 1.25 million net rentable square feet, operating under the CubeSmart Self Storage brand. The properties are strategically located in key submarkets including Arlington and Plano, targeting areas with rapid population growth and increasing storage demand.

According to Newmark's Q3 2024 report, Dallas ranks third for projected population growth, demonstrating strong correlation between favorable macroeconomic trends and investment activity in the region.

Newmark Group (NMRK) announces that London-based real estate advisory firms BH2 and Gerald Eve now operate under the Newmark brand, marking significant expansion in Europe. The company generated nearly $350 million in revenue from outside the U.S. in the 12 months ending September 30, 2024, representing over 60% compound annual growth rate since its 2017 IPO.

The company now operates from more than 20 European offices across multiple business lines, including Capital Markets, Corporate Real Estate Advisory, Debt and Structured Finance, and other services. Newmark has built a foundation of over 1,000 professionals across the UK, France, Germany, Ireland, the Netherlands, Belgium, Italy and Poland. The expansion includes previous acquisitions of BH2, Gerald Eve, Harper Dennis Hobbs, Knotel and Deskeo.

Newmark Group (NMRK) has arranged a significant $2.3 billion construction financing for a major data center project in Abilene, Texas. The facility, a 206 megawatt (MW) Build-to-Suit development, is being developed on behalf of Blue Owl Capital, Crusoe Energy Systems, and Primary Digital Infrastructure.

The project, which broke ground in 2024, is leased to a leading technology company and will feature 300 MW of on-site self-generation capacity. JP Morgan provided the loan, which was secured by Newmark's debt and structured finance team. Initial capacity is expected to be delivered in early 2025.

According to Newmark Research, the data center industry is experiencing rapid growth driven by hyperscalers, AI and HPC users, and large enterprises, with construction pipelines reaching new records last year.

Newmark Group (Nasdaq: NMRK) has announced it will release its fourth quarter and full year 2024 financial results on Friday, February 14, 2025. The company will issue an advisory press release at 8:00 a.m. ET, followed by a conference call at 10:00 a.m. ET to discuss the results.

The full financial results will be available through the company's investor relations website and media page. A webcast of the conference call will be accessible through a dedicated link, with replay available from 1:00 p.m. ET on February 14, 2025, until February 14, 2026.

Newmark Group (NASDAQ: NMRK) has arranged the $360 million sale of Two Park Avenue in Manhattan, marking the largest advisor-led office transaction in New York City in 2024. Morgan Stanley sold the property to Haddad Brands, which plans to occupy part of the one-million-square-foot building and lease the remainder.

The 29-story Class A art deco building, located near Grand Central and Penn Station, features amenities including a 27th-story penthouse lounge, outdoor terrace, ground-floor lobby, conference center, and bike parking. The transaction aligns with a growing trend of occupiers becoming owners, with occupier-owner transactions increasing 36% year-to-date through Q3, as companies opt to purchase properties at discounts rather than lease.