Newmark Group, Inc. - Class A Common Stock (NMRK)

Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), announced that it has agreed to acquire 555-557 Broadway (the “Scholastic Building”) for $386 million. The property is located in the SoHo submarket of Manhattan, between Spring and Prince Streets with entrances on both Mercer Street and Broadway, and is comprised of approximately 368,000 square feet of office and 28,000 square feet of prime retail. The property is 70% leased, including a 15-year office lease with Scholastic (NASDAQ: SCHL) for 222,000 square feet and fully leased retail with a weighted average lease term of approximately 8 years. There is a three-floor block of over 110,000 square feet, a unique availability in a prime market. The all-cash transaction is expected to close in December 2025.

Financing brings total secured from institutional lenders to over $1.5 billion across Alterra’s fully discretionary IOS funds

Pinstripes Holdings, Inc. (“Pinstripes” or “the Company”) (NYSE: PNST), a best-in-class experiential dining and entertainment brand combining bistro, bowling, bocce and private event space, today announced the signing of a new Master Broker agreement with Newmark. Newmark will act as Pinstripes’ exclusive Master Broker throughout the U.S. and overseas, in conjunction with Pinstripes’ preexisting network of local brokers across the country.

BitOoda, a pioneering digital investment bank, announced it has entered into a strategic partnership with Newmark, a leading commercial real estate adviser, that will allow the firms to combine their expertise and relationships across the AI, data center, and bitcoin mining industries. The partnership will enable BitOoda and Newmark to further serve clients expanding into the AI and Accelerated Compute markets, ranging from startups to data center operators/occupiers to established players in the digital asset space.

The sixth paragraph of the release dated June 1, 2021 has been updated to read: Steve Hoffeditz, Wes Evans and Ed Clark of Newmark represented KBS in the 33,102 square-foot lease renewal.

KBS, one of the largest investors in commercial real estate, has signed a lease renewal with the anchor tenant at Dulles Station East, a 186,922 square-foot, NAIOP award-winning Class A office building in the metro Washington D.C. suburb of Herndon, Virginia. Newmark, a global commercial real estate services firm, negotiated the lease on behalf of KBS.

KBS, one of the largest investors in premier commercial real estate in the nation, announced today the sale of Woodbridge Corporate Plaza, a six-building Class A office complex in Iselin, New Jersey. The property was sold to Ramapo, New York based Northeast Capital Group for $88 million. Newmark, a global commercial real estate services firm, directed the sale on behalf of KBS.

National Real Estate Company Kicks Off Q2 with Disposition of 223-Unit Property