LOS ANGELES, June 4, 2025 — Newmark Group, Inc. (Nasdaq: NMRK), a prominent commercial real estate advisory firm catering to major institutional investors, global corporations, and other property owners and users, has announced its role in the $210 million sale of 601 South Figueroa Street, also known as 601 Fig or Fig at Wilshire. This transaction involves a 1,041,315-square-foot office tower located in Downtown Los Angeles, with the sale price equating to approximately $202 per square foot.

The seller, who remains unnamed, was represented by Newmark’s Co-Head of U.S. Capital Markets and Vice Chairmen, , , and , along with Director . Newmark Executive Vice Chairman and Head of International Capital Markets collaborated with this team. Newmark Co-President, Global Debt & Structured Finance , Vice Chairman , and Director offered support on debt strategy and financing aspects during the deal. Colliers’ Mark Schuessler, Jordon Garcia and Sean Fulp advised the buyer, Uncommon Developers.

Shannon commented that 601 Fig is a well-known office building in LA, situated at the notable corner of Wilshire Boulevard and Figueroa. He added that this sale presents a long-term opportunity for a patient and well-funded family office buyer.

Hannan stated that since its completion in 1990, 601 Fig has been considered a prestigious business address in the city. He further noted that the building’s impressive 75-foot lobby creates a sense of significance, suggesting important deals are made there, and that Uncommon Developers will uphold 601 Fig’s reputation as a leading corporate location in Los Angeles.

Located at the intersection of Figueroa Street and Wilshire Boulevard, Fig at Wilshire is a 52-story office building featuring a unique octagonal design and glass crown, contributing to the Downtown Los Angeles skyline. The property includes amenities such as dual lobbies with a 75-foot atrium, a modern fitness center, a WiFi-enabled outdoor plaza, and on-site dining options, including a coffee shop and a fast-casual restaurant.

At the time of the transaction, the building was 72% occupied by tenants across various industries, many of whom have strong national and regional credit ratings. PricewaterhouseCoopers (PwC) is the building’s primary tenant. The property’s convenient location provides easy access to key Downtown Los Angeles attractions, including Crypto.com Arena, Microsoft Theater, LA Live, Fig at 7^th, and the 7th Street Metro station, a major transportation hub.

About Newmark

Newmark Group, Inc. (Nasdaq: NMRK), along with its subsidiaries (“Newmark”), is a global leader in commercial real estate, providing comprehensive services for all stages of the property lifecycle. Newmark offers customized services and products to a diverse clientele, including property owners, occupiers, investors, founders, startups, and established corporations. By combining its global reach with market insights in both established and emerging markets, Newmark delivers exceptional service across the industry. For the year ending March 31, 2025, Newmark reported revenues exceeding $2.8 billion. As of March 31, 2025, Newmark and its business partners operated from 165 offices with approximately 8,100 professionals across four continents. For more information, visit or follow .

Discussion of Forward-Looking Statements about Newmark

This document contains “forward-looking statements” regarding Newmark, which are not based on historical facts and involve risks and uncertainties. These factors could cause actual results to differ from those projected in the statements. These statements concern the Company’s business, results, financial condition, liquidity, and outlook, which are subject to the possibility of significant discrepancies between expected and actual outcomes. Newmark is not obligated to update these forward-looking statements unless required by law. For a detailed discussion of risks and uncertainties that could lead to differing results, refer to Newmark’s filings with the Securities and Exchange Commission, including the risk factors and the Special Note on Forward-Looking Information in these filings, as well as any updates in subsequent reports on Form 10-K, Form 10-Q, or Form 8-K.

SOURCE Newmark Group, Inc.

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