Business
Newmark Arranges $1.65 Billion Refinancing of One Madison Avenue in New York City
Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the Company arranged a $1.65 billion refinancing for One Madison Avenue, a fully leased, trophy office asset overlooking Madison Square Park in Manhattan. The transaction represents the largest U.S. office CMBS issuance over the past 12 months and underscores continued instit
About this update from Sl Green Realty Corp
[{"type":"text","content":"Transaction Marks Largest U.S. Office CMBS Issuance in Past 12 Months1","length":70,"tagName":"p"},{"type":"text","content":"NEW YORK, March 30, 2026 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the Company arranged a $1.65 billion refinancing for One Madison Avenue, a fully leased, trophy office asset overlooking Madison Square Park in Manhattan. The transaction represents the largest U.S. office CMBS issuance over the past 12 months and underscores continued institutional demand for high-quality office investments.","length":617,"tagName":"p"},{"type":"image","alt":"Newmark Group, Inc. (PRNewsfoto/Newmark Group, Inc.)","displaySize":"","headline":null,"caption":"Newmark Group, Inc. (PRNewsfoto/Newmark Group, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":63,"url":"https://media.zenfs.com/en/prnewswire.com/0910291012f8767c74bdad6f50603da1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/zOaLwjkBlPjM.EUPXF37fA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTExMQ--/https://media.zenfs.com/en/prnewswire.com/0910291012f8767c74bdad6f50603da1","width":400,"height":63}},"href":"https://mma.prnewswire.com/media/1057994/Newmark_Group_Logo_v1.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Newmark Co-President of Debt & Structured Finance Jordan Roeschlaub and Vice Chairman Nick Scribani represented owner SL Green Realty Corp. in the transaction, with Senior Managing Director Ricky Braha contributing alongside the team. The financing was priced at a spread of 181 basis points over the U.S. Treasury index, resulting in an all-in rate of 5.81% and replacing a prior $1.25 billion construction facility.","length":421,"tagName":"p"},{"type":"text","content":""This transaction demonstrates the depth and precision of capital available for best-in-class office assets," said Roeschlaub. "Institutional investors continue to aggressively pursue high-quality opportunities with strong tenancy, differentiated product and long-term relevance. One Madison Avenue represents exactly that."","length":344,"tagName":"p"},{"type":"text","content":"Located adjace...