Newmark Security schedules annual results for Oct. 15

Newmark Group (NMRK) arranged the $508M sale of The Summit, a mixed-use property in Birmingham, Alabama. The deal, the largest single-property transaction in Alabama history, involved a sale from private investor JDJ to Federal Realty. The Summit, featuring 110+ retailers, was 95% leased at the time of sale.

Newmark Group (NMRK) arranged a $482.5M loan for Stockman Development to fund The Stockman, an ultra-luxury resort in Steamboat Springs, CO. The financing was provided by GoldenTree Asset Management. The resort will feature 95 luxury residences and a 59-key hotel, with amenities including ski-in/ski-out access and spa facilities.

S&P Global Ratings upgraded Newmark Group Inc. (NASDAQ:NMRK) to BBB- from BB+, citing improved credit metrics and strong earnings growth. The company's adjusted leverage is 1.2x-1.3x, with revenue growth of 20% and EBITDA margins of 27%. S&P projects 15%-18% revenue growth in 2026 and 8%-10% in 2027, with EBITDA reaching $900M-$1B.

Newmark Group (NMRK) facilitated $215.8M in refinancing for Waypoint Residential's five Florida multifamily properties. The deal was secured through Benefit Street Partners, with Newmark citing strong market fundamentals and portfolio optimization. NMRK reported $3.6B in revenue for the year ending June 2026.

Newmark Group (NMRK) has completed the acquisition of Altus Group's Development Advisory business, adding 335 professionals and expanding its Project Management services. The deal follows Newmark's March 2026 acquisition of Altus' Canadian Appraisal business. Newmark reported $3.6B in revenue for the year ending June 2026.

Newmark Group is searching for a new CEO after Barry Gosin announced his departure at year-end. Top candidates include COO Lou Alvarado and President of Global Asset Services Jack Fuchs. The Lutnick family, a major shareholder, also has influence. The company has hired an executive search firm for succession planning. Gosin will remain as chairman through 2029.