Newmark Arranges $56 Million Refinancing of High-Street Retail Property Showcase II in Las Vegas, NV

September 19, 2025 9:00 AM

Newmark announces that the Company has arranged a $56 million loan on behalf of Gindi Capital and Nakash Holdings to refinance Showcase II, a high-street retail property in Las Vegas, Nevada. A Newmark team led by Vice Chairman Nick Scribani and Senior Managing Director Ricky Braha secured the financing from Bank of America.

Situated on the southern end of Las Vegas Boulevard, “the Strip,” Showcase II comprises 42,025 square feet of retail space and offers more than 300 feet of prime street frontage. The property is strategically positioned adjacent to the MGM Grand Hotel & Casino, benefitting from unmatched visibility within one of the most trafficked retail and entertainment corridors in the world.

Showcase II is part of the larger 232,681-square-foot Showcase Mall complex and features a premier roster of tenants including T-Mobile, LIDS, Raising Cane’s and Five Guys, among others.

About Gindi Capital
Gindi Capital, a prominent family-owned investment firm based in New York City, stands at the forefront of real estate. Established by brothers Eli and Jeffrey Gindi, the firm proudly carries forward a rich New York legacy spanning decades. With a forward-thinking approach, Gindi Capital specializes in identifying and revitalizing underutilized retail, multifamily, and mixed-use spaces across the nation’s premier commercial markets. The firm’s team of experienced professionals is adept at substantially increasing property values through hands-on management and creative leasing.

About Newmark
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. For the twelve months ended June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company’s business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.