The Real Deal New York

Posts Tagged ‘carlyle group’

  • winick-570-seventh

    From left: 570 Seventh Avenue, Jeff Winick and Darrell Rubens

    Capstone Equities and the Carlyle Group tapped Winick Realty Group to market a 20,000-square-foot flagship retail space at 570 Seventh Avenue near 41st Street, Winick Realty Group told The Real Deal exclusively. [more]

  • 414w14

    Amancio Ortega and 414 West 14th Street

    Ponte Gadea Group, the U.S. investment arm for Spanish billionaire Amancio Ortega, has acquired a 56,000-square-foot office and retail building at 414 West 14th Street for $94 million, according to public records filed with the city today. [more]

  • From left: Carlyle Group co-founders, William Conway Jr., Daniel D’Aniello and David Rubenstein and 920 Broadway

    From left: Carlyle Group co-founders William Conway Jr., Daniel D’Aniello and David Rubenstein, and 920 Broadway

    Private equity giant the Carlyle Group and ClearRock Properties will renovate their 16-story office building at 920 Broadway to the tune of $10 million. The building, which the firms purchased for $58.5 million from Yeshiva University in February, has 110,000 rentable square feet and 96 feet of retail frontage on Broadway. [more]

  • 800 Park Avenue and Brett Wyard(inset)

    Brett Wyard(inset) and the co-op at 800 Park Avenue

    A former top executive at Carlyle Group was sued by two Park Avenue co-op owners for allegedly refusing to pay a $1.15 million deposit on an apartment and falsely claiming that the unit was in poor condition.

    Ex-Carlyle brass Brett Wyard agreed in June to buy an interest in a fifth-floor co-op at 800 Park Avenue for $11.5 million, Kim and Deborah Fennebresque, the plaintiffs who own the apartment, said in a lawsuit filed in New York Supreme Court. As part of the deal, Wyard had put a $1.15 million down payment in escrow, the plaintiffs said in the complaint. [more]

  • From left: Extell's Gary Barnett, 40 Riverside Drive rendering and Carlyle's William Conway Jr.

    From left: Extell’s Gary Barnett, 40 Riverside Blvd. rendering and Carlyle’s William Conway Jr.

    Extell Development’s new 33-story building at 40 Riverside Boulevard will have two entrances: One for the condominium buyers, whose residences will face the Hudson River, and another for the tenants, who will live in affordable rental units, the West Side Rag reported. [more]

  • ariel-2nd-q

    Deals for New York City multifamily homes rebounded in the second quarter, jumping 50 percent from the previous quarter, the most recent report from Ariel Property Advisors shows. [more]

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  • 650 Madison Avenue

    Major New York players such as Vornado Realty Trust, Ashkenazy Acquisition Corp. and Crown Acquisitions have moved to nab Carlyle Group’s 650 Madison Avenue office tower, with some bids coming in at north of $1.3 billion, the Wall Street Journal reported. [more]

  • Renderings of 508 West 24th Street

    Design architect Cary Tamarkin’s newest West Chelsea project will be a 10-story building with 15 residential units and ground-floor retail space, Curbed reported.  [more]

  • Extell’s Gary Barnett and the Rushmore

    After winning a high-profile fight against Extell Development and Carlyle Realty Partners, a group of 33 would-be buyers at the Rushmore condominium have filed a contempt motion alleging the developers flouted a 2012 court order to hand over $5 million in interest payments.

    The dispute focuses on the buyers’ attempt to have Extell and Carlyle refund a collective $16 million they put down on apartments at the Rushmore, at 80 Riverside Boulevard. [more]

  • 650 Madison Avenue

    The Carlyle Group has put a Midtown office tower near the Sony Building on the market, in a move that could see the investment behemoth receive more than $1 billion from the sale, according to written reports seen by Crain’s. The 27-story tower is located at 650 Madison Avenue between East 59th and East 60th Streets and totals roughly 600,000 square feet, making it a shade smaller than the Sony Building, which was acquired by Joseph Chetrit’s Chetrit Group for $1.1 billion earlier this year. [more]

  • 9 East 38th Street

    A joint venture between ClearRock Properties and Juster Properties has acquired two adjacent Midtown buildings from Yeshiva University for $29 million, according to a press release issued by the two development firms. ClearRock also bought a third building from Yeshiva for $58.5 million in partnership with the Carlyle Group. The deals were confirmed in February by Massey Knakal Realty Services, which represented the seller, but the buyers were not revealed.

    The partners purchased 9 East 38th Street, a 93,700-square-foot, 12-story office building, and 14 East 39th Street, a 7,400-square-foot commercial townhouse with 22,200 square feet of air rights. Both properties are located between Madison and Fifth Avenues, within the confines of the city’s upzoning proposal for Midtown East.

  • Gary Barnett, 1780 Broadway, the site of the new tower, and a rendering of Building 2

    Yesterday, Extell head Gary Barnett and partner the Carlyle Group sold the Building 2 site at the Riverside Center development for $70 million, as Extell begins raising capital for its new 57th Street tower — currently poised to become the tallest residential building in the U.S., the New York Post reported. The buyers of the complicated $420 million development were Dermot and AFL-CIO Building Investment Trust. The project calls for 616 residential rentals, retail space and a school and has a $275 million state Housing Finance Agency bond mortgage with credit enhancements through Bank of America and Capital One.  When the 640,000-square-foot Building 2, which is located at the southwest corner of West 61st Street, it will be known as 21 West End Ave…. [more]


  • David Rubenstein

    David Rubenstein, co-founder of the Carlyle Group, one of the largest private equity firms in the world — and holder of more than $12 billion in real estate worldwide — told CNBC this morning about his philanthropic work with pandas, his humble childhood as the son of a postal worker and how he believes private equity creates jobs and has “revolutionized American business” (see video after the jump).

    On carried interest, or a “promote,” — a compensation structure that applies to investors in private equity funds and some investors in real estate — Rubenstein avoided endorsing a stance, saying instead that the concern should be on the deficit. Eliminating “carried interest isn’t going to solve the problem,” he said…. [more]

  • Carlyle CEO William Conway, Blackstone CEO Stephen Schwarzman and Starwood CEO Barry Sternlicht

    Wealthy individuals are increasingly replacing institutional investors, scared off by memories of the real estate crash, as the source of capital for real estate funds, according to the Wall Street Journal. For example, about 40 percent of Starwood Capital’s latest $2 billion fund comes from individual investors, Carlyle Group sourced 10 percent of its recent $2.3 billion from rich people, Lone Star Capital relied upon individuals for about 20 percent of its $5.5 billion fund and even the Blackstone Group has increasingly turned to high-net worth people for a $13 billion fund it expects to raise. [more]

  • Tallying who won at 666 Fifth Avenue

    August 08, 2012 11:00AM

    From the August issue: When Kushner Companies paid a record $1.8 billion for the aluminum-clad office building 666 Fifth Avenue in 2007, located between 52nd and 53rd streets, the market was still booming.

    But less than two years later, Lehman Brothers had collapsed, and that 10-digit price tag seemed to be an outrageous reminder of a bygone era. Yet company CEO Jared Kushner continued to believe that the retail portion alone could be worth $1 billion. [more]

  • From left: Amira Yunis and Matthew Krell of CBRE and 414 West 14th Street (credit: PropertyShark)

    In another sign that the Meatpacking District is shifting towards the mainstream — and away from its haute couture reputation — the outdoor clothing retailer Patagonia signed a lease last month for ground-floor and lower-level space in a commercial building owned by Sitt Asset Management and the Carlyle Group. [more]

  • The Carlyle Group’s three cofounders (left to right): William Conway Jr., Daniel D’Aniello and David Rubenstein, who reportedly received a combined $413 million in compensation last year.

    From the April issue: The Carlyle Group may be a quiet buyout firm, but it cannot be ignored. The Washington, D.C.–based company — which has $12 billion of real estate worldwide, including in New York — announced its sixth real estate fund in January with $2.34 billion at its disposal.

    The firm has said it plans to invest opportunistically in residential, hotel, senior living, retail and office properties in major U.S. cities, including the Big Apple. [more]

  • Capstone seeks help at 14 Wall Street

    February 01, 2012 09:30AM

    From top: Capstone Equities principals Joshua Zamir and Daniel Ghadamian; right, 14 Wall Street

    Capstone Equities is scouring the market for cash so it can repay the mortgage on its stake in 14 Wall Street before it comes due in May, Crain’s reported. If Capstone, which bought the 37-story, 1 million-square-foot building with the Carlyle Group for $325 million in 2007, doesn’t find a partner, mezzanine debt holder Shorenstein Properties will likely move in on its stake.

    Carlyle has already written off the investment as a loss, according to Crain’s, so it isn’t helping in the search for another partner. [more]

  • Riverside South

    Just a handful of bidders remain for 1.35 million of Extell Development and Carlyle Group’s buildable square feet along West End Avenue, and final bids are due by the end of the month. But the New York Post reported that the site is burdened by several major restrictions.

    The parcel, named Riverside Center, is located between West 59th and 61st streets, the southernmost part of the massive Riverside South complex. The portion for sale is slated for two residential towers of 43 and 44 stories. [more]

  • Carlyle Group announced a new real estate fund, Carlyle Realty Partners VI, which has $2.34 billion to spend on opportunistic investments in major cities in North America, the Wall Street Journal reported. The fund, Carlyle’s sixth, will invest in the residential, hotel, senior living, retail and office sectors in markets like New York City, Washington D.C., and major West Coast cities, the company told the Journal. [more]