Top commercial investors are locals

After Lehman Brothers collapsed, the biggest commercial investors in New York City went from large international firms to domestic investors. Of the 15 biggest investors post-Lehman, 10 are based in New York City, including number two on the list, Lloyd Goldman’s BLDG Management. The biggest commercial property investor in the city between October and April was CB Richard Ellis Investors, the independent investment arm of the brokerage giant, which is based in Los Angeles. In March, the firm closed on the majority of the condo interest in 1540 Broadway for $355 million, the biggest commercial investment trade so far this year. Harry Macklowe bought the tower in 2007 as part of his $7 billion portfolio, and in that 2007 deal, the building was valued at $950 million.