(SeaPRwire) –   Regarding the news release titled “Newmark Arranges $210 Million Sale of Trophy Worldcenter Retail in Downtown Miami” — issued on April 2, 2026 by Newmark Group, Inc. via PR Newswire — the company has informed us that modifications have been made. The full, updated release follows, with additional details at the end:

Newmark Arranges $210 Million Sale of Trophy Worldcenter Retail in Downtown Miami

This transaction is the largest non-mall retail sale in South Florida since 2017¹.

MIAMI, April 2, 2026 — Newmark Group, Inc. (Nasdaq: NMRK) (“Newmark”) has announced that its Retail Capital Markets division facilitated the $210 million sale of the retail segment of Miami Worldcenter, a recently built urban lifestyle hub located at the heart of Downtown Miami’s transformative mixed-use district. This sale marks the biggest non-mall retail deal recorded in South Florida since 2017.

Conor Lalor, Newmark’s Head of North America Retail Capital Markets, served as a strategic advisor to his long-standing client CIM Group. Meanwhile, Senior Managing Director Eric Williams — alongside Co-Head of U.S. Capital Markets Adam Spies — represented the seller: a joint venture led by CIM Group and Miami Worldcenter Associates, the master developer of the $6 billion Miami Worldcenter project. The buyer is a joint venture comprising Falcone Group, ROK Acquisitions, Andrew Mirmelli, The Davis Companies, and Jamestown.

“Miami Worldcenter stands as one of the most significant retail investment opportunities ever brought to market in South Florida,” said Lalor. “Institutional investors continue to target large, irreplaceable retail assets in dynamic urban districts, and Miami Worldcenter is at the core of one of the fastest-growing downtown markets in the country.”

Completed in 2024, the property’s retail component consists of 300,000 square feet of upscale retail space within the development. Upon full completion, the project will include approximately 11,000 residential units, making it one of the most impactful urban redevelopment initiatives in the United States.

“Assets of this scale and quality continue to attract outsized interest from institutional buyers,” said Williams. “This transaction reflects both the depth of capital targeting high-performing retail and the increasing pace of large-scale trades as confidence returns to the market.”

Anchored by a flagship Apple store, Miami Worldcenter features a lineup of leading national and international retailers including Club Studio, Maple & Ash, Ray-Ban, Sephora, Lululemon, Lucky Strike, and the Museum of Ice Cream, among others. Newmark has played a long-term role in the project’s evolution, including representing several tenants within the development.

Spanning roughly 10 blocks between NE 2nd Avenue and Miami Avenue (from NE 6th to NE 11th Streets in Downtown Miami), Miami Worldcenter sits adjacent to the Kaseya Center (home of the Miami Heat) and within blocks of key economic and cultural drivers: Brightline’s MiamiCentral station, PortMiami, the Adrienne Arsht Center for the Performing Arts, and the Frost Museum of Science. The district benefits from direct access to Interstates 95 and 395 and serves a dense, rapidly expanding trade area with tens of thousands of residents, employees, and visitors.

According to Newmark Research, U.S. commercial real estate investment sales activity rose approximately 20% year-over-year in 2025, with larger transactions beginning to regain market share as institutional capital returns. Improved price discovery, stabilized interest rates, and sustained demand for high-quality assets have supported a rebound in transaction velocity — particularly for well-leased, newly constructed retail properties in major gateway markets.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK) — together with its subsidiaries (“Newmark”) — is a global leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners and occupiers to investors, founders, startups, and blue-chip companies. Combining its global reach with market intelligence in both established and emerging property markets, Newmark delivers superior service to clients across the industry spectrum. For the 12 months ended December 31, 2025, Newmark generated revenues of nearly $3.3 billion. As of December 31, 2025, Newmark and its business partners operated from approximately 175 offices with over 9,300 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” involving risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company’s business, results, financial position, liquidity, and outlook — all of which may constitute forward-looking statements and are subject to the risk that actual outcomes could differ, potentially materially, from current expectations. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties that could affect actual results relative to forward-looking statements, refer to Newmark’s Securities and Exchange Commission filings — including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such elements in subsequent Form 10-K, Form 10-Q, or Form 8-K reports.

¹ Based on sales price, according to Newmark Research and MSCA

Correction: Multiple edits were made to the second, fourth, and seventh paragraphs of the release.

SOURCE: Newmark Group, Inc.