The Real Deal New York

Posts Tagged ‘ben shaoul’

  • From left: Leonard Steinberg, 450 West 25th Street and Ben Shaoul

    From left: Leonard Steinberg, 450 West 25th Street and Ben Shaoul

    UPDATED, Dec. 17, 4:17 p.m.: Ben Shaoul’s conversion of a four-story multifamily building in West Chelsea into a modern townhouse has set a record north of 23rd Street, broker Leonard Steinberg claims. [more]

    5 Comments
  • From left: Ben Shaoul, 140 West Street and the lobby at the Woolworth Building

    From left: Ben Shaoul, 140 West Street and the lobby at the Woolworth Building

    Developer Ben Shaoul could be asking more than $100 million for the penthouse at the former Verizon headquarters 140 West Street, a property he is turning into a luxury condo building. He is one in a line of developers who are bringing nine-figure units to the market.
    [more]

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  • 119-w-24

    Renderings of 119 West 24th Street in the Flatiron District

    Ben Shaoul and the CIM Group’s Verizon Building conversion and Kaufman Organization’s office building at 119-125 West 24th Street, which recently launched leasing, are among the latest projects to receive a new batch of renderings in the past week. Click here for a slideshow and more.

    Comments
  • From left: 140 West Street and Ben Shaoul

    From left: 140 West Street in the Financial District and Ben Shaoul

    Ben Shaoul, the developer who’s turning Verizon’s former downtown headquarters into a luxury condominiums, has bought the building’s 40,000-square-foot retail space for $40 million. [more]

    5 Comments
  • From left: Ben Shaoul and 196 Orchard Street

    Developer Ben Shaoul’s Mangum Real Estate is planning to build a 10-story, 83-unit residential building on the Lower East Side. [more]

    2 Comments
  • From left: Ben Shaoul and 62 Avenue B

    From left: Ben Shaoul and 62 Avenue B

    Ben Shaoul is looking to sell his Bloom 62 for $73 million in cash. [more]

    2 Comments
  • From left: Shimon Shkury and 305 East 86th Street, part of Stellar Management and the Chetrit Group’s $485-million buy during the third quarter

    From left: Shimon Shkury and 305 East 86th Street, part of a $485-million buy during the third quarter

    Driven by a trio of $200 million-plus deals, the city’s multifamily sector climbed to more than $3 billion worth of sales in the third quarter. [more]

    1 Comment
  • From left: Ben Shaoul, Post Toscana, Post Luminaria

    From left: Ben Shaoul, Post Toscana on the Upper East Side and Post Luminaria in the East Village

    UPDATED, 2:40 p.m., October 18: Ben Shaoul now has the funds he needs to close on the purchase of two apartment buildings along Manhattan’s East Side and convert them into condos. The developer and founder of Magnum Real Estate Group received two loans totaling $270 million for the Post Toscana at 389 East 89th Street and the Post Luminaria at 385 First Avenue. [more]

    2 Comments
  • shaoul

    Ben Shaoul and 515 East 5th Street in East Village

    The Board of Standards and Appeals ordered that developer Ben Shaoul remove a controversial seventh-floor penthouse at 515 East 5th Street in the East Village.

    Shaoul received 60 days to finish demolition of the penthouse. The board will then decide whether to approve the zoning variances needed for the sixth floor to remain. After completing the addition in 2007, Shaoul ran into trouble with the Board of Standards and Appeals, which reversed the 2006 Department of Buildings ruling allowing the additional two floors, as previously reported. [more]

    4 Comments
  • From left: Ben Shaoul and 340 East 24th Street

    From left: Ben Shaoul and 340 East 24th Street

    Ben Shaoul received $71 million in construction funds to build a dormitory in Kips Bay. [more]

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  • Ben Shaoul

    389 East 89th Street, Ben Shaoul and 385 1st Avenue

    WEEKENDEDITION Developer Ben Shaoul, who is in the midst of a condo conversion at the historic Art Deco Verizon Building, is now making plays at two more towers at a cost of $270 million. [more]

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  • verizon

    Frm left: 1095 Sixth Avenue, 140 West Street and Verizon Communications CEO Lowell McAdam

    Verizon Communications plans to relocate its corporate offices to a familiar spot – its former digs at the Blackstone Group’s 1095 Sixth Avenue. [more]

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  • From left: 450 West 20th street, interior and Ben Shaoul

    From left: 450 West 25th street, interior and Ben Shaoul

    Ben Shaoul has overhauled a single-family townhouse in West Chelsea, and for his troubles, he’s seeking roughly $7.3 million more than he paid for the property. [more]

    4 Comments
  • Ben Shaoul

    Ben Shaoul

    UPDATED, 5:13 p.m., May 23: Developer Ben Shaoul, head of Magnum Real Estate Group, told The Real Deal that he settled a legal battle with his parents, Abraham and Minoo Shaoul. The two accused the real estate mogul of misappropriating millions of dollars from the refinancing of mortgages on properties he co-owned along with them.

    Though Shaoul sent out a press release Friday morning claiming the suit was settled, Abraham and Minoo Shaoul’s attorney Stephen Meister informed TRD that while the two parties are currently negotiating, no final agreement has yet been reached. [more]

    6 Comments
  • 247 North 7th Street

    247 North 7th Street

    Ben Shaoul’s conversion of the Verizon Building into condos and Adam America’s pair of new Williamsburg rentals are among the latest projects to receive a new batch of eye-popping renderings in the past week or so. Click here for a slideshow.

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  • From left: Andrew Barrocas, an interior shot of a unit at Williamsburg Townhomes and Ben Shaoul

    From left: Andrew Barrocas, an interior shot of a unit at Williamsburg Townhomes and Ben Shaoul

    Williamsburg Townhomes, a joint venture between Ben Shaoul’s Magnum Real Estate Group and SL Green Realty, has hit the 75 percent sold mark, a spokesperson for the project told The Real Deal exclusively. The townhouse development, located at 131 North Third Street off Bedford Avenue, has a dozen four-story residences with 1,892 square feet of interior space and 957 square feet of private outdoor space. [more]

    9 Comments
  • Ben Shaoul

    Ben Shaoul

    Developer Ben Shaoul, who heads up Magnum Real Estate Group, is facing a legal battle with his parents, Abraham and Minoo Shaoul, who claim that the real estate mogul misappropriated millions of dollars from the refinancing of mortgages on properties he co-owned with them.

    Abraham and Minoo Shaoul are accusing their son of treating Magnum, a major Manhattan real estate investment company co-founded by Shaoul and his parents, like his “own personal piggy bank,” using clever legal maneuvers to derive payouts from buildings purchased by the company without their permission. [more]

    17 Comments
  • NYC developers ramp up dorm projects

    January 02, 2014 11:02AM
    pace-dorms

    Renderings of 180 Broadway and 33 Beekman Street

    Several developers are handling purchasing, leasing and construction of dormitory buildings in the city, a job usually done by the postsecondary schools themselves.

    Dormitories fit more tenants in a given space than apartments – and universities can save money by outsourcing the job of developing the facilities. But developers have also been criticized for constructing dorms as a tactic to circumvent zoning rules and build double the size of a typical apartment complex.  [more]

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  • shaoul-98-ave-a

    Ben Shaoul and 98 Avenue A

    Developer Ben Shaoul, who heads up Magnum Real Estate Group, plans to build 43 apartments at 98 Avenue A in the East Village, according to city Department of Buildings records filed late last week. [more]

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  • From left: Ben Shaoul and 515 East 5th Street

    From left: Ben Shaoul and 515 East 5th Street

    Developer Ben Shaoul, whose contentious sixth- and seventh-floor additions at 515 East 5th Street were recently slammed by a Community Board 3 land use committee, fired back at critics in a statement to The Real Deal. [more]

    5 Comments
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