Newmark Group, Inc. - NMRK STOCK NEWS

Newmark Group, Inc. (NASDAQ: NMRK) announced it will release its first quarter 2021 financial results on May 6, 2021 at 8:00 a.m. ET. A conference call to discuss the results will follow at 10:00 a.m. ET on the same day. The financial results can be accessed via Newmark's investor relations website. Interested parties are encouraged to pre-register for the call to expedite access. Newmark operates within the commercial real estate services sector and generated revenues exceeding $1.9 billion in 2020.

Newmark Group, Inc. (Nasdaq: NMRK) announced the hiring of a new executive team, including Michael Gross as CEO, to lead its Knotel flex space and hospitality business following its upcoming acquisition of Knotel, Inc. The team brings extensive experience in the flex space and hospitality sectors, which aligns with Newmark's strategy to meet the evolving workplace needs post-COVID-19. Barry Gosin, CEO, emphasized the acquisition's significance in enhancing workplace solutions, positioning Newmark as a leading global provider.

Newmark Group (NASDAQ: NMRK) has received U.S. Bankruptcy Court approval to acquire Knotel, a prominent flexible workspace platform. The acquisition is anticipated to close soon, with Newmark's CEO, Barry Gosin, highlighting the strategic importance of the flexible workspace sector in commercial real estate. The transaction is structured as an asset sale under Section 363 of the Bankruptcy Code. Newmark plans to provide financial updates regarding the acquisition during its Q1 2021 earnings call.

Newmark has been recognized for the 12th consecutive year in the 2021 Global Outsourcing 100® by the IAOP, showcasing its status as a leader in the outsourcing sector. This prestigious list acknowledges top global companies in outsourcing services, evaluated on measurable standards by industry experts. Newmark's integrated services span from real estate to capital asset management, catering to diverse clients globally. The IAOP emphasizes the guide's relevance for companies in search of reliable outsourcing partners, underscoring Newmark's commitment to client-centric solutions.

Newmark Group, Inc. (NASDAQ: NMRK) has released its financial results for Q4 and FY 2020, reporting revenues exceeding $1.9 billion. The company continues to position itself as a leader in commercial real estate services, offering tailored solutions to various clients globally. The financial report includes insights into the impact of the COVID-19 pandemic on operations and forecasts, emphasizing the uncertain business environment. Newmark is focused on leveraging data-driven strategies to enhance service delivery as it navigates through economic challenges.

Newmark Group, Inc. (Nasdaq: NMRK) has agreed to provide approximately $20 million in debtor-in-possession (DIP) financing to support Knotel, Inc. through its Chapter 11 sales process. This strategic move includes Newmark acquiring Knotel’s business assets, which is subject to Bankruptcy Court approval. Newmark aims to assist Knotel in restructuring and refocusing on tailored flexible space in key markets. Newmark's CEO emphasized the commitment to help Knotel navigate this challenging period as they align their operations for recovery.

Knotel has announced a strategic transformation plan under new ownership, agreeing to sell its business to Newmark Group (NMRK) while reorganizing its operations via Chapter 11 bankruptcy. The company is set to exit several U.S. locations and has secured approximately $20 million in debtor-in-possession financing to support its operations during this transition. Knotel aims to maximize stakeholder value amidst challenging market conditions, particularly in key areas like New York and San Francisco, and is focused on sustainable growth in the flexible workspace market.

Newmark Group, Inc. (NASDAQ: NMRK) has announced a conference call to discuss its fourth quarter 2020 financial results. The call is scheduled for February 18, 2021, at 10:00 a.m. ET. An advisory press release will be issued at 8:00 a.m. ET on the same day, providing access to the full financial results. Interested participants are encouraged to pre-register for easier access. Newmark, a leader in commercial real estate services, will share insights about its financial performance during the call.

Newmark Group, Inc. (Nasdaq: NMRK) has appointed Richard Bertasi as the new CEO of its Global Corporate Services (GCS) division. Bertasi, a seasoned executive with over 25 years of experience, is expected to spearhead the expansion of Newmark's GCS offerings. His experience includes leadership roles at Bridgewater Associates and Deutsche Bank, where he managed extensive corporate real estate portfolios. Under Bertasi, Newmark aims to enhance its integrated GCS platform, providing comprehensive corporate services amidst changing market demands due to the COVID-19 pandemic.