Newmark Group Inc

Marcus & Millichap reported second-quarter revenues of $202.9 million, up 17.8% year on year and exceeding analysts' expectations by 4.4%, in what was a stunning quarter for the commercial real estate investment sales and advisory firm. The company also beat analysts' EPS and EBITDA estimates, though its stock is down 8.9% since reporting and currently trades at $28.45. The results came as the 13 consumer discretionary real estate services stocks tracked reported a mixed quarter, with revenues as a group beating consensus estimates by 11.5% while next quarter's revenue guidance came in 4.4% below. Among peers, Howard Hughes Holdings posted the group's biggest analyst estimate beat and fastest revenue growth, with revenues of $1.12 billion, up 330% year on year, while Offerpad delivered the weakest performance, with revenues of $77.65 million, down 51.6% year on year. Cushman & Wakefield reported revenues of $2.76 billion, up 11.2% year on year, and Newmark reported revenues of $888.4 million, up 17% year on year.

Comstock Inc. and Sierra Springs Opportunity Fund announced that SSOF has engaged Newmark for properties it holds in Silver Springs, Nevada. Newmark, a global commercial real estate and advisory firm and a leading advisor on data centers and powered land transactions, will advise SSOF on development strategy for the powered lands and will design and administer a competitive request-for-proposal process to identify and evaluate prospective development and operating partners. Comstock holds a 47.63% fully diluted ownership interest in SSOF, a qualified opportunity zone fund that owns Sierra Springs Enterprises, Inc., through which it owns or controls approximately 2,200 acres of land in Silver Springs, along with a leased manufacturing facility, the Silver Springs Regional Airport, significant water and sewer rights, and other infrastructure assets. Steve Golubchik, Executive Vice Chairman and President of Western Region Capital Markets, leads Newmark's relationship with SSOF and Comstock. Comstock Chief Executive Officer Corrado De Gasperis, who also serves as President of SSOF, said the companies have consolidated the potential for one of the most significant powered land positions for energy infrastructure, datacenters and advanced manufacturing in Northern Nevada. While completion of any development partnership or transaction is not guaranteed, the planned process is scheduled, with future updates anticipated through the fourth quarter of 2026.

Newmark Group has arranged a $482.5 million loan on behalf of Stockman Development LLC, led by Marquee Development, to advance The Stockman, Auberge Collection, an ultra-luxury ski-in, ski-out resort that recently broke ground in Steamboat Springs, Colorado. The financing was provided by GoldenTree Asset Management, a global, employee-owned asset management firm with approximately $70 billion in assets under management. Newmark Co-President of Global Debt & Structured Finance Jordan Roeschlaub, Vice Chairman Nick Scribani, Managing Director Tyler Dumon and Director Holden Witkoff arranged the financing on behalf of the Sponsor. The Stockman will comprise 95 luxury branded residences and a 59-key hotel operated under the Auberge Resorts Collection, with OZ Architecture leading building design, interiors by Nunzio Marc DeSantis Architects and Berkshire Hathaway leading residential sales efforts. The development represents the next phase of Alterra's investment into the mountain following its $250 million "Full Steam Ahead" reinvestment program, which has transformed Steamboat Resort.

Starwood Capital Group and Trinitas Ventures have formed a joint venture to develop three purpose-built student housing communities at leading U.S. universities, with a combined 2,046 beds. The projects—Atmosphere Pittsburgh, Atmosphere Norman, and Atmosphere on Mifflin—will serve the University of Pittsburgh, University of Oklahoma, and University of Wisconsin-Madison, respectively, and are targeted for delivery in Summer 2028. Atmosphere Pittsburgh will offer 672 beds, Atmosphere Norman 677 beds, and Atmosphere on Mifflin 697 beds, each with significant amenity space. The partnership aims to address student housing supply shortages in markets with strong enrollment growth. Newmark's student housing team arranged the joint venture.

Newmark Group has appointed Nick Hinton as Head of Project Management in Hong Kong, launching its project management capability in the market. Hinton brings more than 27 years of experience leading complex construction, development and project management initiatives across Asia-Pacific, most recently serving as Divisional Projects Director for CBRE Global Workplace Solutions. He will lead the growth of Newmark's Project Management business in Hong Kong, providing clients with strategic oversight and delivery of workplace, capital improvement and construction projects. The appointment enhances Newmark's integrated solutions, complementing its leasing, capital markets, valuation, advisory and occupier services. Vice Chairman Rhodri James said the launch marks an important milestone in the continued evolution of the business.

Newmark Group has hired Munish Viralam as Executive Vice Chairman to lead its Real Estate Strategy & Consulting Group. The group combines Newmark’s New York Consulting and Financial Services teams, including Jason Perla and Romel Cañete, and will serve as a centralized resource supporting brokerage teams across large and multi-market transactions. Viralam joins from CBRE, where he was twice named the Consulting Group’s Professional of the Year, and brings nearly two decades of experience advising major corporate tenants. Newmark generated revenues of more than $3.4 billion for the twelve months ended March 31, 2026, and operates from over 185 offices with more than 9,600 professionals across four continents.