REAL ESTATE INVESTMENT
Newmark | January 03, 2022
Newmark Group, Inc., today announced that it has fortified its presence in the Central and Eastern European ('CEE') market through an agreement with a leading commercial real estate group in Poland. The team will provide a full spectrum of client services in Poland and the surrounding area, operating as Newmark Polska.
The 45-person team of real estate professionals based in Warsaw, Wrocław, Tricity and Krakow will benefit from combined resources, technology and product offerings to support Newmark's growing roster of clients in CEE. Led by industry veteran Piotr Kaszyński, the group offers services including tenant representation, market research, valuation and project management. The team will also leverage Newmark's global capital markets expertise, which equips clients with enhanced access to investment opportunities in North America and around the world.
We are thrilled to welcome Kaszyński and his team to the Newmark platform. Aligning ourselves with one of Poland's leading CRE teams is part of our strategy to build greater capabilities in CEE, a dynamic and evolving market, Poland's robust and diversified economy, which is benefiting from healthy GDP growth and low unemployment, signals substantial opportunity for the team across numerous business lines."
Newmark Chief Executive Officer Barry Gosin.
The enhanced regional presence will enable Newmark to better serve its clients' needs in Poland, where Newmark operates an existing Warsaw office focused on consulting, lease administration and facilities management. The country currently boasts record-breaking levels of market activity, and companies increasingly identify Poland as a target destination for a variety of functions, including nearshore technology and back-office operations.
The agreement underscores Newmark's successes in bolstering its presence throughout Europe, the Middle East and Africa ('EMEA'). Earlier this year, the company commenced its International Referrals program covering EMEA, and recently announced new regional leaders within its International Capital Markets and Valuations practices, in addition to the expansion of Newmark's own flexible office platform through the acquisition of two agile workspace providers in 2021: Knotel and Deskeo. In December, Newmark named Stuart Logan as Executive Managing Director of its Valuation & Advisory service line in EMEA.
Newmark Polska will build on the local team's recent track record of completing complex transactions, including the representation of world-class brands. In total, the group facilitated over 470,000 square meters in industrial and office transactions in 2020 alone.
We look forward to this new chapter for our practice, Newmark continues to demonstrate the wherewithal to invest in the best-in-class resources and talent to comprehensively serve the needs of its clients. Having evaluated Newmark's extensive platform over the years, we are confident in our ability to offer first-rate advisory services at the local, national, regional and global levels. As Newmark's business partner, we can now collaborate with the entire Newmark network to meet client needs going to or from Poland."
Piotr Kaszyński, Newmark Polska Managing Partner.
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world 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 to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues in excess of $2.5 billion for the trailing twelve months ending September 30, 2021. Newmark's company-owned offices, together with its business partners, operate from over 160 offices with approximately 6,200 professionals around the world.
REAL ESTATE TECHNOLOGY
CRED iQ | September 24, 2021
CRED iQ, a data, analytics and valuation platform serving the commercial real estate finance and investment communities today announced the launch of its property comps tool. The tool compares a subject's appraised value, rent, expenses, occupancy, cap rate, interest rate, as well as several other property and loan characteristics against its competitive set and the overall market.
Developed using a proprietary algorithm, the software selects similar properties from CRED iQ's data set based on several property and loan factors and assigns a score based on the relevance of each comp. The software automatically generates comps for properties in the CRED iQ database. Users can also enter property details to generate comps for almost any commercial property in the US.
Our platform was built using the latest data lake technologies so that commercial real estate professionals could instantly access relevant, timely, and verified property and loan data. The comps technology allows users to quickly gauge market fundamentals or underwrite a specific loan using detailed financials from intelligent market comps with a few clicks.
- Co-Founder Michael Haas
We developed this tool to provide a convenient way for users to compare performance, valuation and loan characteristics for any commercial property with its competitive set. Users have access to comps for all properties within our database, or search and generate comps for almost any commercial property in the country.
- Co-Founder Bill Petersen.
About CRED iQ
CRED iQ is a commercial real estate data, analytics and valuation platform serving professionals across the CRE investment, brokerage, and lending industries. Updated monthly, CRED iQ's robust database is powered by over $1.5 trillion of loan and property data from the securitized universe. CRED iQ tracks data on CMBS Conduit, SBLL, CRE CLO, and Agency debt combined with verified borrower and true ownership contact details. Headquartered in Radnor, PA, the company also has offices in Dallas and Portland, OR.
REAL ESTATE INVESTMENT
Walker & Dunlop | January 24, 2022
Walker & Dunlop, Inc. announced today that it facilitated the $156,000,000 sale and $91,260,000 financing of Volta on Pine , a 271-unit, core multifamily property with 1,300 square feet of ground floor retail space in the heart of Downtown Long Beach, California. Historically tied to aviation since the days of Amelia Earhart's 1920s explorations, Long Beach is now coined "Space Beach" and is rapidly becoming the epicenter of the aerospace industry. Startups including SpinLaunch, Rocket Lab, and Relativity Space have chosen the area as their headquarters since 2019, providing for a highly active job market in Long Beach.
Volta on Pine will benefit from the recent uptick in Long Beach's booming job market and provide commuting renters with access to the approximately 950,000 jobs offered throughout Long Beach, Beach Cities, Downtown LA, and Irvine. Delivered in early 2021, the property is a collaboration between North America Sekisui House ("NASH") Holland JV and MVE + Partners Architects, which both have an expansive presence primarily in the Western Region's high-growth markets.
Walker & Dunlop's Blake A. Rogers, Alexandra Caniglia, Kevin Sheehan, Hunter Combs, and Javier Rivera represented the sellers, Holland Partner Group and NASH and in the disposition to the buyer, Gelt, Inc. Mark Grace, John Montakab, and Trevor Fase arranged the financing from Nuveen on behalf of Gelt.
Volta on Pine is ideally situated in the heart of Long Beach's Downtown, offering residents access to shopping destinations, world-class restaurants, breweries, and various grocery stores. Local attractions also include the Aquarium of the Pacific, Long Beach Convention & Entertainment Center, Long Beach Jazz Festival, Museum of Latin American Art (MOLAA), Lions Lighthouse, and the Long Beach Grand Prix. The property's outstanding community amenities include a rooftop terrace with ocean views and barbecue stations, executive meeting rooms, a 24-hour state-of-the-art fitness center, sky lounge, pool, and spa. The apartment homes feature best-in-class luxury interior features, including gourmet chef's kitchens with stainless steel appliances, quartz countertops, spa-inspired bathrooms, and spacious bedrooms.
Walker & Dunlop is a leader in multifamily property sales, having completed $10 billion in volume from the first through third quarters of 2021, up 203% from the same period in 2020. In Los Angeles County alone, the team completed sales of over $1 billion with a total of 17 transactions in in 2021. The firm was also the top provider of capital to the U.S. multifamily market, originating $31 billion in transactions and lending over $24 billion for multifamily properties in 2020.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is the largest provider of capital to the multifamily industry in the United States and the fourth largest lender on all commercial real estate including industrial, office, retail, and hospitality. Walker & Dunlop enables real estate owners and operators to bring their visions of communities — where Americans live, work, shop and play — to life. The power of our people, premier brand, and industry-leading technology make us more insightful and valuable to our clients, providing an unmatched experience every step of the way.