Newmark Closes $38.2M Westwood Land Parcel Sale for Future Los Angeles Development [Los Angeles Times (CA)]
Newmark Group, Inc. - Class A (NMRK)
Last newmark group, inc. - class a earnings: 2/13 08:01 am
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Source: Los Angeles Times
Newmark executive managing director Ryan Plummer and WESTMAC executive vice presidents Willa McNamarra Fields and Jim Burnap co-represented the seller, Le Conte Westwood Development, in the off-market transaction. The buyer was co-represented by Newmark executive managing director David Kluth and JLL executive vice president Aliya Coher The property benefits from its prime location adjacent to UCLA and Ronald Reagan UCLA Medical Center, steps from the vibrant Westwood Village retail and dining corridor and with direct access to major thoroughfares and the I-405 and I-10 freeways for connectivity throughout the Westside of Los Angeles . The buyer's plans for the new development will be revealed in the coming months. “Westwood remains one of the most resilient and sought-after submarkets in Los Angeles, driven by its proximity to UCLA, affluent demographics and limited development opportunities,” said Kluth. “An irreplaceable land site near UCLA in Westwood Village is a once-in-a
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NMRK
Earnings
- 2/26/26 - Beat
NMRK
Sec Filings
- 3/16/26 - Form 4
- 3/16/26 - Form 4
- 3/16/26 - Form 4
- NMRK's page on the SEC website