Newmark forms alliance with Mountain West to expand western US presence

NEW YORK - Newmark Group, Inc. (NASDAQ:NMRK), a prominent player in the Real Estate Management & Development industry with a market capitalization of $3.95 billion, announced Tuesday it has strengthened its presence across five western states through an alliance agreement with Mountain West Commercial Real Estate. According to InvestingPro data, the company’s stock has shown strong momentum, delivering a 36.4% return over the past year.

Under the agreement, Mountain West will operate as Newmark Mountain West, becoming an independently owned and operated member of the Newmark Licensee Group. The newly formed entity will serve clients across Utah, Idaho, Wyoming, Montana and Nevada. With analysts setting a consensus price target up to $19.50, InvestingPro subscribers can access 15+ additional exclusive insights about Newmark’s growth potential and market position.

Newmark Mountain West will employ nearly 200 professionals operating from multiple offices including locations in Salt Lake City, Ogden, Clearfield, Pleasant Grove, and St. George in Utah; Idaho Falls in Idaho; and Reno and Las Vegas in Nevada.

"By combining Mountain West’s regional expertise with Newmark’s expansive resources and global platform, we’re creating even greater value for our clients," said Lou Alvarado, Chief Operating Officer of Newmark.

According to the press release, the combined teams have completed more than 5,000 transactions throughout five countries and 39 states since early 2022, with transactions totaling over $9.3 billion in value. This expansion comes as Newmark demonstrates strong financial performance, with revenue growth of 17.3% in the last twelve months and positive earnings expectations for the current fiscal year, as reported by InvestingPro.

Notable transactions by the team include a $370 million Amazon industrial portfolio sale across the western U.S., a 270,000-square-foot industrial lease in Layton, Utah, and the $91.5 million sale of the Marriott Courtyard hotel in downtown Salt Lake City.

Nick Wood will serve as Chief Executive Officer of Newmark Mountain West, while Chad Moore will assume the role of Chairman.

Newmark Group reported revenues of over $2.9 billion for the twelve months ended June 30, 2025, and operates from 165 offices with over 8,400 professionals across four continents, according to the company statement.

In other recent news, Newmark Group has reported impressive second-quarter 2025 earnings, significantly surpassing analyst expectations. The company achieved an adjusted earnings per share of $0.31, exceeding the forecasted $0.252, marking a 23.02% earnings surprise. Additionally, Newmark Group’s revenue reached $759.1 million, which was 10.79% higher than the projected $685.15 million. This strong financial performance was driven by a broad-based revenue growth of approximately 20% year-over-year across all business lines. The company’s success was attributed to recent broker additions and its scalable platform, which contributed to the bottom-line outperformance. In light of these results, JMP Securities has maintained its Market Outperform rating on Newmark Group and raised its price target from $17 to $19. These developments highlight Newmark Group’s robust performance and potential for continued growth.

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