/REVISED -- Newmark Group, Inc./

Rhea-AI Summary

Newmark (Nasdaq: NMRK) arranged the $210 million sale of the 300,000-square-foot retail component of Miami Worldcenter in Downtown Miami on April 2, 2026. The asset is part of the roughly $6 billion Miami Worldcenter project and is the largest non-mall retail sale in South Florida since 2017.

The property, completed in 2024, is anchored by Apple and includes major national and international retailers; Newmark cited improving institutional demand and a 2025 rebound in U.S. CRE sales activity.

Positive

• $210 million institutional retail sale arranged
• Retail component spans 300,000 sq ft
• Part of a $6 billion Miami Worldcenter development
• Largest non-mall retail sale in South Florida since 2017
• Completed in 2024, anchored by Apple store
• U.S. CRE sales activity rose ~20% YoY in 2025

Negative

• None.

News Market Reaction – NMRK

-1.75%

1 alert

-1.75% News Effect

On the day this news was published, NMRK declined 1.75%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

In the news release, Newmark Arranges $210 Million Sale of Trophy Worldcenter Retail in Downtown Miami, issued 02-Apr-2026 by Newmark Group, Inc. over PR Newswire, we are advised by the company that changes have been made. The complete, revised release follows, with additional details at the end:

Newmark Arranges $210 Million Sale of Trophy Worldcenter Retail in Downtown Miami

Transaction is Largest Non-Mall Retail Sale in South Florida Since 2017¹.

MIAMI, April 2, 2026 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark") announces its Retail Capital Markets business has arranged the $210 million sale of the retail component of Miami Worldcenter, a newly constructed urban lifestyle center located at the epicenter of Downtown Miami's transformative mixed-use district. The sale marks the largest non-mall retail transaction recorded in South Florida since 2017.

Newmark's Head of Retail Capital Markets, North America Conor Lalor acted as strategic advisor to his longtime client CIM Group, while Senior Managing Director Eric Williams represented the seller, a joint venture led by CIM Group and Miami Worldcenter Associates, the master developer of the $6 billion Miami Worldcenter project, along with Co-Head of U.S. Capital Markets Adam Spies. The buyer is a joint venture between Falcone Group, ROK Acquisitions, Andrew Mirmelli, The Davis Companies and Jamestown.

"Miami Worldcenter represents one of the most significant retail investment opportunities ever brought to market in South Florida," said Lalor. "Institutional investors continue to target large, irreplaceable retail assets located in dynamic urban districts, and Miami Worldcenter stands at the center of one of the fastest-growing downtown markets in the country."

Completed in 2024, the property's retail component comprises 300,000 square feet of upscale retail within the development, which upon completion will include approximately 11,000 residential units, creating one of the most significant urban redevelopment projects in the United States.

"Assets of this scale and quality continue to command outsized interest from institutional buyers," said Williams. "This transaction reflects both the depth of capital targeting high-performing retail and the increasing velocity of large-scale trades as conviction returns to the market."

Anchored by a flagship Apple store, Miami Worldcenter features a roster of leading national and international retailers including Club Studio, Maple & Ash, Ray-Ban, Sephora, Lululemon, Lucky Strike and Museum of Ice Cream, among others. Newmark has played a long-standing role in the project's evolution, including representing several tenants within the development.

Spanning roughly 10 blocks between NE 2nd Avenue and Miami Avenue, from NE 6th to NE 11th Streets in Downtown Miami, Miami Worldcenter sits adjacent to the Kaseya Center, home of the Miami Heat, and within blocks of major economic and cultural drivers including Brightline's MiamiCentral station, PortMiami, the Adrienne Arsht Center for the Performing Arts and the Frost Museum of Science. The district benefits from immediate connectivity to Interstates 95 and 395 and serves a dense and rapidly expanding trade area with tens of thousands of residents, employees and visitors.

According to Newmark Research, U.S. commercial real estate investment sales activity increased approximately 20% year-over-year in 2025, with larger transactions beginning to regain share as institutional capital returns to the market. Improved price discovery, stabilized interest rates and continued demand for high-quality assets have supported a rebound in transaction velocity, particularly for well-leased, newly constructed retail properties in major gateway markets.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended December 31, 2025, Newmark generated revenues of nearly $3.3 billion. As of December 31, 2025, Newmark and its business partners together operated from approximately 175 offices with over 9,300 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

¹ By sales price, according to Newmark Research and MSCA

Correction: Several edits were made to the second, fourth and seventh paragraphs of the release. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/newmark-arranges-210-million-sale-of-trophy-worldcenter-retail-in-downtown-miami-302733216.html

SOURCE Newmark Group, Inc.

FAQ

What did Newmark announce about the Miami Worldcenter sale (NMRK) on April 2, 2026?

Newmark arranged the $210 million sale of Miami Worldcenter's retail component. According to the company, the 300,000-square-foot asset is part of a roughly $6 billion mixed-use project and closed as the largest non-mall retail sale in South Florida since 2017.

How large is the retail property sold at Miami Worldcenter and who anchors it (NMRK)?

The retail component totals 300,000 square feet and is anchored by Apple. According to the company, the center hosts national and international retailers including Sephora, Lululemon, and Museum of Ice Cream.

Who represented the seller and buyer in Newmark's Miami Worldcenter $210M deal (NMRK)?

Newmark's team, including Conor Lalor and Eric Williams, advised on the sale; the buyer is a joint venture led by Falcone Group and partners. According to the company, multiple Newmark senior bankers represented the seller and advisor roles.

Why is the Miami Worldcenter retail sale significant for South Florida real estate (NMRK)?

The sale is the largest non-mall retail transaction in South Florida since 2017, highlighting renewed institutional demand. According to the company, improved price discovery and stabilized rates helped larger transactions regain share in 2025.

When was the Miami Worldcenter retail component completed and how many housing units will the project include (NMRK)?

The retail component was completed in 2024, and the full Miami Worldcenter project will include approximately 11,000 residential units. According to the company, the development creates a large, dense urban trade area in Downtown Miami.

What broader market context did Newmark cite for the Miami Worldcenter transaction (NMRK)?

Newmark cited a roughly 20% year-over-year increase in U.S. commercial real estate investment sales activity in 2025. According to the company, institutional capital is returning and favoring well-leased, newly constructed retail in gateway markets.