Newmark

Newmark arranged the $360M sale of Two Park Avenue in Manhattan, marking the largest advisor-led, all-office property sale in New York City in 2024. Co-Heads of US Capital Markets Adam Spies and Doug Harmon, Executive Vice Chairmen Adam Doneger, Marcella Fasulo and Josh King, Executive Managing Director Avery Silverstein and Director Willis Robbins represented the seller, Morgan Stanley. Read more: https://nmrk.re/3DPW4yz #Newmark #CRE #CommercialRealEstate #Office

The U.S. is on track to triple its semiconductor manufacturing capacity from 2022 to 2032, as reported by the Semiconductor Industry Association (SIA) in collaboration with the Boston Consulting Group. This sets the stage for U.S. dominance in global chip production. Newmark’s Bob Hess and Gregg Wassmansdorf share expert insights on site selection for semiconductor plants in a Site Selection Magazine feature article. Read the full article here: https://nmrk.re/4h3DmSg #Newmark #Semiconductor #SemiconductorManufacturing #SiteSelection #CRE

Panasonic has hired Newmark as the exclusive listing agent to sublease its 337,543 SF North American headquarters in Newark, NJ, located at 2 Riverfront Plaza. The property is a plug-and-play space that can be available to prospective tenants seeking immediate occupancy. Jeff Schotz, Jeff Kolodkin and Andrew Kirshenbaum, in collaboration with Gus Poulopoulos from Newmark Workplace Strategy, secured the sublease assignment. For more details, read the CoStar article here: https://nmrk.re/4gJJAqO #Newmark #Office #CRE #WorkplaceStrategy

Liz Hart, President of Leasing for North America at Newmark, shared her 2025 real estate forecast on Bloomberg Open Interest, discussing office tenant demand and how non-trophy offices are enhancing their spaces to drive the market forward in the new year.    Watch the full interview now.   #Newmark #CRE #Office #RealEstateTrends

David Aschenbrand has joined Newmark as Executive Managing Director, advancing and further expanding the firm’s cold chain services alongside Executive Managing Director Adam Petrillo. "Cold storage continues to thrive as a key segment in the commercial real estate market, and Newmark is strategically expanding its capabilities to meet the growing demand and to deliver specialized solutions in a sector that requires both precision and scale," said Jack Fraker, President, Global Head of Industrial and Logistics, Capital Markets. Read more here: https://nmrk.re/429Kh86 #Newmark #CRE #Industrial #ColdStorage #ColdChainServices

Newmark’s Paul Penman and Jonathan Martin have been tapped to list 120 J.C. Penny stores, spanning 15.86 MSF across the U.S. This retail portfolio could attract more than $1 billion in what industry professionals are calling a rare offering for an institutional investor. Read the full CoStar article. https://nmrk.re/3Pks28B #Newmark #Retail #CRE #JCPenny

ICSC New York has concluded, and we're reflecting on key highlights from the conference. We cover more consumer behavior and how retailers need to adapt in our Holiday Trends Report. Read it here: https://nmrk.re/4gBX2fH #Newmark #ICSC #ICSCNewYork #Retail #RetailEmergence #HolidayTrends

#HappyHolidays

Newmark arranged a $600 million loan to capitalize a 50 megawatt build-to-suit data center development by Blue Owl Real Estate, Chirisa and PowerHouse Data Centers in Northern Virginia. The financing was arranged by Newmark’s Co-Presidents of Global Debt & Structured Finance Jordan Roeschlaub and Jonathan Firestone, along with Clint Frease, Nick Scribani, Benjamin Kroll and John Caraviello in collaboration with Brent Mayo, Head of Newmark’s Data Center Capital Markets. Read more. https://nmrk.re/49zOofC #Newmark #CRE #CapitalMarkets #DataCenter

Newmark has completed a landmark $525 million refinancing on behalf of ICONIQ Capital and Sentral: a first-of-its-kind single-asset, single-borrower CMBS loan to refinance flexible apartment properties. The transaction is tied to a portfolio of six apartment properties totaling 1,790 units in vibrant urban markets. Co-President of Debt & Structured Finance Jonathan Firestone and Vice Chairman Bill Fishel, CAIA arranged the financing. Read more. https://nmrk.re/41qoFEl #Newmark #CRE #Multifamily #Apartments #CapitalMarkets #Refinancing