The Real Deal New York

Posts Tagged ‘darcy stacom’

  • norges-11-times-square

    From left: Norges’ Yngve Slyngstad, 11 Times Square, Steven Pozycki (credit: STUDIO SCRIVO) and Darcy Stacom

    Norges Bank Investment Management, a division of the central bank of Norway, is in contract to acquire a minority stake at 11 Times Square for an undisclosed price, The Real Deal has learned. [more]

  • Clockwise from left: 123 William Street, Michael Happel and Darcy Stacom

    Clockwise from left: 123 William Street, Michael Happel and Darcy Stacom

    American Realty Capital is in contract to buy 123 William Street for $253 million from East End Capital.

    The Downtown office property has roughly 545,000 rentable square feet and is 81 percent leased at the moment, according to a release from the buyers. The State of New york, the City of New York, the federal government, the Securities Training Corporation and McAloon & Friedman, P.C. are among the tenants in the 26-story building. [more]

  • 301-e-21st

    From left: 301 East 21st Street in Gramercy Park, Darcy Stacom and Paul Leibowitz

    The Tausik family is asking up to $200 million for a 17-story Gramercy Park apartment building known as the Petersfield. [more]

  • From left: Ziel Feldman, 518 West 18th Street and Darcy Stacom

    Updated 5:34, Nov. 26: Ziel Feldman’s HFZ Capital Group is in contract to buy one of the most sought-after development sites in West Chelsea, The Real Deal has learned. Feldman is buying the parcel for more than $800 million, making it one of the priciest-ever development deals in the city. [more]

  • 11-times-square

    11 Times Square and Steven Pozycki (credit: STUDIO SCRIVO)

    SJP Properties’ Steven Pozycki and a group of investors are selling a minority stake in 11 Times Square, the 1.1 million-square-foot skyscraper where Microsoft has offices. [more]

  • From left: Blackstone's Jonathan Gray, Vornado's Steven Roth, and 1740 Broadway

    From left: Blackstone’s Jonathan Gray, Vornado’s Steven Roth, and 1740 Broadway

    Private equity giant Blackstone Group is the buyer of Vornado Realty Trust’s 1740 Broadway, The Real Deal has learned. Sources familiar with the $605 million transaction said that Blackstone made the buy through its core-plus real estate fund. [more]

  • From left: Scott Rechler and the Helmsley Building

    From left: Scott Rechler and the Helmsley Building

    Though the iconic Helmsley Building at 230 Park Avenue is landmarked, a buyer interested in the property could benefit from the upcoming rezoning of Midtown East’s Vanderbilt corridor. [more]

  • wimbledon_stacom

    Darcy Stacom and 200 East 82nd Street

    JPMorgan is looking to sell a recently renovated, 223-unit Upper East Side rental tower that industry experts say could fetch north of $200 million.

    The bank’s investment management arm is searching for a buyer for the Wimbledon, the 28-story apartment building at 200 East 82nd Street it purchased back in 2008 for $150.35 million. Darcy Stacom and Paul Liebowitz at commercial brokerage CBRE have the listing. A spokesperson for the brokerage declined to comment. [more]

  • stacom

    Zhang Yuliang and Darcy Stacom

    The level of international investment in New York City commercial properties could be at its all-time peak right now, according to Darcy Stacom of commercial brokerage CBRE Group in an interview.

    Although offshore investments has never been well tracked, Stacom said, they comprise between 60 and 70 percent of the capital dollars spent on the city’s real estate. Chinese investors, for example, have been browsing the market for three years. See the video and more after the jump.

  • Cushman’s Matthew Stacom dies at 95

    January 28, 2014 10:50AM
    Matthew Stacom

    Matthew Stacom

    Matthew Stacom, a longtime top broker at Cushman & Wakefield and father to reigning real estate queens Darcy and Tara Stacom, died over the weekend. He was 95.

    “His leadership at the firm and the legacy he has passed on embodies Cushman & Wakefield’s core values of being ethical, working hard, putting the client first and maintaining an entrepreneurial spirit,” a spokesperson for Cushman said in a statement to GlobeSt. “The Stacom name has become synonymous with iconic real estate and we know his legacy will continue through the great work of his family.” [more]

  • From left: CBRE's William Shanahan, 440 Ninth Avenue and CBRE's Darcy Stacom

    From left: CBRE’s William Shanahan, 440 Ninth Avenue and CBRE’s Darcy Stacom

    Japanese real estate investment firm Jowa Holdings has broken into the Manhattan market with its first buy — a $210 million acquisition of a 400,000-square-foot Midtown West building. [more]

  • From left: David Picket, New Gotham at 520 West 43rd Street and Darcy Stacom

    From left: David Picket, New Gotham at 520 West 43rd Street and Darcy Stacom

    AEW Capital Management has paid about $170 million for New Gotham, a Hell’s Kitchen rental building developed by the Gotham Organization. The 34-story building at 520 West 43rd Street was built in 1998 and has 375 units. [more]

  • From left: Blackstone's Steven Schwarzman, 717 Fifth Avenue and Jeff Sutton

    From left: Blackstone’s Steven Schwarzman, 717 Fifth Avenue and Jeff Sutton

    The Blackstone Group has put a 26-story Fifth Avenue tower on the market. The plan to sell 717 Fifth Avenue had been in the works for several months, but the private equity giant had to wait to officially begin marketing the property until retail real estate tycoon Jeff Sutton — who owns the retail condominiums in the building – passed on his right of first offer. [more]

  • From left: CBRE's William Shanahan, 440 Ninth Avenue and CBRE's Darcy Stacom

    From left: CBRE’s William Shanahan, 440 Ninth Avenue and CBRE’s Darcy Stacom

    Sherwood Equities is following the sale of a vacant block west of Penn Station with the introduction of a second West Side property to the market. [more]

  • Darcy Stacom and a rendering of Hudson Yards

    Darcy Stacom and a rendering of Hudson Yards

    A Hudson Yards site that would allow a commercial tower of up to 881,000 square feet has hit the market, the New York Post reported. CBRE’s Darcy Stacom and Paul Liebowitz are marketing the L-shaped site, located on a full block front along the Hudson Yards Park and stretching east from 11th Avenue and West 36th Street up to 37th Street.  [more]

  • GM Building stake sells for $1.4B

    June 03, 2013 10:00AM
    From left: Darcy Stacom, William Shanahan and the GM Building

    From left: Darcy Stacom, William Shanahan and the GM Building

    The families of Chinese real estate developer Zhang Xin and Brazilian banking magnate Moise Safra paid $1.4 billion for a 40 percent stake in the General Motors building, the Wall Street Journal reported. This values the building at 767 Fifth Avenue at roughly $3.4 billion, making it the country’s most valuable office property. [more]

  • From left: Marc Holliday, Larry Silverstein, Darcy Stacom, James Kuhn (President at Newmark  Grubb Knight Frank), Rosemary Scanlon (Dean at NYU Schack), William Rudin, William Mack, Robert Blumenthal (moderator) at the NYU conference today [photo credit: New York University/ Elena Olivo]

    Hurricane Sandy may have had an immediate effect on New York City’s commercial real estate, but President Barack Obama’s second term and local and state tax policy will have much longer lasting impacts on the industry, real estate veterans said today at the NYU Schack Institute of Real Estate’s Capital Markets Conference.

    After Sandy, office stock in the city did not fare that badly, said SL Green CEO Marc Holliday, noting that of the 28 million square feet of space the real estate investment trust controls, only one building was damaged badly enough to warrant significant repairs. [more]

  • 120 West 45th Street (credit: PropertyShark), SL Green CEO Marc Holliday (top) and CBRE’s Darcy Stacom (bottom)

    For a change, acquisition-happy SL Green Realty is looking to unload an asset. The city’s largest landlord has tapped CBRE Group too sell its 575,000-square-foot building at 120 West 45th Street, known as Tower 45, for a price of $270 million or more.

    “You have a core-plus building with some vacancy and roll, so there is a real play here with upside and value,” Darcy Stacom, vice chairman of CBRE who is marketing the building with Bill Shanahan and Paul Gillen, told the Post. “This should be right in the sweet spot for investors.” [more]

  • Aby Rosen and 285 Madison Avenue (credit; PropertyShark)

    Aby Rosen’s RFR Realty is buying a much-maligned Midtown office building with an eye on converting it into hotel rooms. The firm has entered contract to purchase 285 Madison Avenue for $190 million, according to Crain’s, just more than a month after reports emerged that Rosen is considering acquiring 350 Madison Avenue for $350 million.

    The 550,000-square-foot building at 285 Madison Avenue, between East 40th and East 41st streets, is owned by ad agency Y&R and was the site of a well-documented elevator accident last year that resulted in the death of one of its employees. The agency put the building on the market with CBRE Group’s Darcy Stacom and Bill Shanahan in July in advance of its planned move to an office condominium at 3 Columbus Circle, owned by SL Green Realty and Joseph Moinian. [more]

  • Top five commercial sales of the month

    September 10, 2012 06:15PM
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    Click the chart to see the complete top five deals

    The most expensive commercial transaction in New York City recorded last month was the purchase of the ground under the Sports Illustrated Building, at 135 West 50th Street, by a UBS Realty Investors affiliate for $279 million. The seller was 14 E. 60th St. Associates, a partnership. CBRE Group’s Darcy Stacom and William Shanahan represented the sellers. Brad Siderow of the Siderow Organization represented UBS’ client. (See the complete top five deals after the jump.) … [more]


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