Newmark’s Post

Newmark’s 2Q24 industrial report reveals that the U.S. vacancy rate is rising but approaching its cyclical peak. Niche sectors, like industrial outdoor storage (IOS) and temperature-controlled warehousing have tighter fundamentals than the overall market, due to limited supply, high development barriers and steady demand. Access the report here: https://nmrk.re/4dFkYxT

Join us in congratulating Newmark’s GlobeSt.com 2024 Influencers in Net Lease!    Matt Berres, Vice Chairman  Jerry Hopkins, Executive Managing Director  Leighton Hopkins, Associate    Check out the full list of honorees here ➡ https://nmrk.re/3ySoRAw   #Newmark    #CRE #NetLease #RealEstateLeaders 

Newmark has hired industry veteran Jesse Van Dyke as Executive Vice President and North Central Region Market Leader. In this role, Van Dyke will oversee the Chicago, Minneapolis, Milwaukee and Detroit offices, where he will focus on further enhancing revenue growth, client relations, top talent recruitment and business development. “Jesse’s extensive track record as a top producer in tenant representation, leading an in-house real estate team, and experience in development, provides him with unique insights into our clients' needs. We anticipate that this will further elevate our service offerings in an increasingly competitive market," said Luis Alvarado, Chief Revenue Officer and East Region Market Leader. Read more ➡ https://nmrk.re/3Te6JI0 #Newmark #NewHire #CRE #CRELeaders #Leadership #Welcome

#HappyLaborDay

Newmark has served as the strategic advisor to The Hampshire Companies on a $300 million recapitalization of The Fairfalls Logistics Portfolio and assisted in procuring a joint venture equity partner. Currently 92% leased, the Portfolio totals 1.35 million square feet of light industrial space across 30 strategically located buildings. The transaction was facilitated by Newmark’s Executive Managing Director Kevin Welsh and Global Head of Industrial and Logistics Jack Fraker with Managing Director Brian Schulz. Read more. https://nmrk.re/4ellD7J #Newmark #Industrial #IndustrialRealEstate #CRE #JointVenture #Recapitalization

Industrial leasing volume and absorption in the U.S. are up from the previous quarter. Newmark's experts offer insights into the factors influencing tenant decision-making, highlighting the growing impact of data-driven strategies, evolving market dynamics and more. To discover more, download our 2Q24 U.S. Industrial Market: Conditions & Trends report. https://nmrk.re/4dBacbO Thad Mallory, SIOR Reggie Beavan Barry Hill, SIOR Tommy Turner, SIOR #Newmark #NewmarkResearch #CRE #Industrial #IndustrialLeasing #Leasing #RealEstateTrends

Newmark has hired a number of leading Valuation & Advisory professionals to join its Multifamily specialty practice group, marking a significant milestone in expanding its operations in Texas, California and the Southeast. The hires include Executive Vice Presidents Victor Thomas and Jeff Taylor, Senior Vice Presidents Jeff Groff, Tim Warner, MAI and Chrissy Keith, MAI, First Vice President Scott Bates and Valuation Associates Kyle Thomas and Ashlee Kilcullen. Read more. https://nmrk.re/3WYVYKY Newmark Valuation & Advisory #Newmark #NewHires #Welcome #CRE #Valuation #Multifamily #MultifamilyRealEstate

Newmark has arranged a $985M loan on behalf of Zeckendorf Development, Atlas Capital Group and The Baupost Group LLC to fund construction of 80 Clarkson, an ultra-luxury condominium development in the West Village of Manhattan in New York City. Newmark’s Jordan Roeschlaub and Christopher Kramer Kramer, in collaboration with Jonathan Firestone, secured the funding from Cale Street Partners and Farallon Capital Management. Read more. https://nmrk.re/3yQ2Zp8 #Newmark #CRE #CapitalMarkets #RealEstateFinance #LuxuryRealEstate #PropertyDevelopment #NYCRealEstate

Lisa DeNight, Newmark Managing Director of National Industrial Research, joined CNBC's ‘The Exchange’ to discuss the effects of a potential Canadian rail strike on North American supply chains. DeNight noted that the duration will determine the severity of the impact, and previous rail strikes have been short-lived. Watch the full interview to discover how this could affect North American manufacturing sectors, and what lessons industrial occupiers have learned from recent history to make them more agile when new disruption emerges. https://nmrk.re/3Mg2xDK #Newmark #Industrial #IndustrialResearch #SupplyChain #Logistics #CRE #Manufacturing #Transportation

For eight consecutive quarters, over 100MSF of new supply has delivered in the U.S. industrial market, pushing vacancy rates from 3.5% in 2Q 2022 to 6.4% in 2Q 2024. 2Q 2024 marks the final quarter of 100MSF+ deliveries nationally as markets move past "peak deliveries.” In 2025, supply and demand are expected to come into balance. Explore an in-depth analysis of supply and demand dynamics, and much more, in Newmark’s latest U.S. Industrial Market: Conditions & Trends report. https://nmrk.re/3YSaC9b #Newmark #NewmarkResearch #CRE #Industrial #IndustrialTrends #CapitalMarkets #Leasing #EconomicOutlook