Jordan Roeschlaub and Nick Scribani

Newmark was full throttle once again in 2025.

Newmark’s non-agency debt volume jumped 76 percent from 2024 levels to $64 billion while total originations soared 67 percent to $75 billion. The brokerage giant also continued momentum with its  strategic advisory joint ventures business by facilitating $8 billion in equity raising.

Much of Newmark’s debt success in 2025 during largely unfavorable market conditions was planted in previous years.

“We built a really good pipeline based on just informing our clients over the last couple of years of where the market is and more importantly where it’s going,” Nick Scribani said. “We enjoyed a lot of success by being early to let people know that you have good assets, and the time may not be now but it’s coming, and you got to trust us when we tell you to pull the trigger.”

Newmark was ahead of the curve a few years ago on the growing demand for data centers and brokered a number of large loans in the sector throughout 2025.

A signature deal closed by Newmark in the past year involved a $7.1 billion construction loan for Blue Owl Capital, Crusoe and Primary Digital Infrastructure to fund the second phase of a 1.2-gigawatt AI data center project in Abilene, Texas. The balance sheet loan, which closed in May 2025, was originated by a consortium of lenders led by J.P. Morgan Chase.

In late 2025, Newmark brokered a $835 million debt package to a joint venture between GFP Real Estate and Metro Loft for the refinance of its newly delivered office-to-residential conversion project at 25 Water Street in Manhattan’s Financial District. Apollo and GIC supplied the loan for the 1,320-unit apartment building that was formerly a 1.1 million-square-foot office complex. 

The office sector was also front and center in a number of Newmark’s deals in 2025, including a $630 million CMBS loan for Cain International and OKO Group to refinance 830 Brickell in Miami. Goldman Sachs and J.P. Morgan led the refi for the 57-story building that houses Citadel as its anchor tenants. 

Newmark is poised for more large transactions and to exceed its already high 2025 totals.

“We’ve consistently been ahead of where the market is and where the market’s going,” Jordan Roeschlaub said. “We’re not complacent and we’re always going to be achieving and figuring out how to stay in front of the heap which takes a lot of effort because it’s a competitive space.”