Recent events
Recent events tied to this brand in public sources.
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2022
Sale of Seattle’s Lakefront Blocks announced
Newmark and Vulcan Real Estate announced the sale of the 635,000-square-foot Lakefront Blocks office property in Seattle to Deka Immobilien, which was identified as the winning bidder for both blocks. The sale did not include the two apartment towers above the office buildings.
2021
Newmark arranges $99.235 million financing for Invesco’s Alameda life science property acquisition
Newmark, advising Invesco Advisers, arranged $99.235 million in financing for the acquisition and conversion of a six-building portfolio in Alameda, California; the loan was placed with PGIM Real Estate.
2021
Court issues temporary restraining order in Newmark dispute
A New York State Supreme Court justice issued a temporary restraining order on behalf of Newmark directing defendants not to disparage the firm. The justice did not grant Newmark’s request to temporarily stop the brokers from working for CBRE.
2021
Newmark sues former brokers and CBRE
Newmark sued three former brokers and their new employer, CBRE, alleging that the brokers violated non-compete agreements and that CBRE was responsible for the breach. The article also reports that Newmark is seeking $15 million in damages.
2021
Bankruptcy court approves Newmark’s acquisition of Knotel’s business
Newmark announced that it received approval from the U.S. Bankruptcy Court for the District of Delaware to acquire Knotel’s business; Newmark said it anticipated the acquisition would close shortly.
2020
Newmark reports third-quarter 2020 financial results
Newmark Group reported its financial results for the quarter ended September 30, 2020.
2020
David Wright joins Newmark Knight Frank as Minneapolis management services director
David Wright joined Newmark Knight Frank as director of management services in its Minneapolis office, with responsibilities that include managing strategies for its third-party property management portfolio in the Minneapolis/St. Paul area.