These were Manhattan’s best office submarkets in Q4
The pandemic-driven downturn has disrupted Manhattan’s office real estate market, where availability has hit record highs in recent months....
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Newmark earnings fell 37% in 2020
If Newmark Group goes ahead with its planned acquisition of Knotel, does that make the commercial real estate services firm a competitor to its landlord clients? “Just the opposite,” CEO Barry Gosin said during...
National
Newmark reports Q3 earnings down 25%
Newmark reported earnings of $152.1 million in the third quarter, down 25 percent from the same time last year. The brokerage said it experienced a drop in sales and leasing commissions due to Covid-related...
National
“For years we all laughed at them”: office brokers warm to virtual tours
Smaller buildings could be the next big idea for office developers. “I think you’ll see development; it might be...
National
How to open up our offices on tonight’s TRD Talk
At 2 p.m. Pacific/ 5 p.m. Eastern today, TRD Managing Web Editor James Kleimann will be joined by Director...
National
How to restart retail on today’s TRD Talk
On today’s episode of TRD Talks Live, associate publisher Hiten Samtani will discuss the future of retail with TSCG and...
National
“Be very careful what you ask for,” top broker warns borrowers seeking relief
As thousands of commercial real estate borrowers look for help to make their monthly mortgage payments, they should do...
National
WeWork taps JLL, Newmark to help negotiate rent relief
WeWork has hired JLL and Newmark Knight Frank to help it negotiate rent relief or convert lease deals into...
National
Brokerage stocks plunge amid market turmoil
Real estate brokerage stocks plunged Wednesday, after a market selloff prompted U.S. stocks to temporarily suspend trading. Shares of Realogy Holdings dropped 35 percent to just over $2 per share as of 2:55 p.m.,...
Newmark hires nurse to screen visitors, employee tests positive for Coronavirus
UPDATED, March 12, 2020, 1:25 p.m.: Newmark Knight Frank is taking steps to screen visitors at its Park Avenue...