The Real Deal New York

Posts Tagged ‘darcy stacom’

  • Stacom China

    From left: Jeff Dvorett, a rendering of the Pacific Park rental building 535 Carlton Avenue, Darcy Stacom and Xinyuan Real Estate’s CEO John Liang

    Chinese firms make headlines in New York by investing in trophy office buildings and condo projects. But as quick profits become more difficult to achieve amid a cooling market, a growing number of Chinese investors are now looking for stable low-risk assets, including multifamily buildings, industry leaders said on a panel hosted by the New York Law School Thursday. [more]

  • What is Trinity Real Estate selling?

    August 21, 2015 02:52PM

    From left: Jason Pizer, 1 Hudson Square, 225 Varick (top right) and 205 Hudson

    In 1705, England’s Queen Anne donated 215 acres of prime Manhattan farmland to Trinity Church. In the years since, Trinity sold off a large chunk of those holdings, but still owns a sizable portfolio of prime commercial real estate concentrated in Hudson Square. And it’s now in play.

    Earlier this month, Trinity took bids for a 5 million-square-foot, 11-building portfolio in Hudson Square. Suitors include some of the city’s biggest real estate players such as SL Green Realty and Vornado Realty Trust. Sources familiar with the offering told The Real Deal that Trinity offered a 49 percent stake on 75-year leaseholds for the properties, and said the stake could go for about $3 billion.

    While the bidders await news of the prize, TRD took a look at exactly what’s up for grabs. [more]

  • JasonPizerDarcyStacom

    From left: Jason Pizer, 1 Hudson Square and Darcy Stacom

    Trinity Real Estate is rethinking its plans to ground lease four valuable Hudson Square buildings in a deal that was poised to net the church up to $1.5 billion. [more]

  • Petersfield

    301 East 21st Street in Gramercy Park (inset: Kunal Chothani)

    In its third and largest New York City buy yet, Akelius Real Estate Management paid $167.5 million for the Petersfield, a 17-story rental building in the Gramercy Park neighborhood, The Real Deal has learned. [more]

  • Sapir 11 Madison

    Alex Sapir and 11 Madison Avenue

    The Sapir Organization and CIM Group have placed their Art Deco office tower at 11 Madison Avenue on the market.

    The two entities own the 29-story, 2.2 million-square-foot building, located next to Madison Square Park, through a partnership. They previously put the property up for sale in 2012, eventually pulling it off the market when they could not get the $1.5 billion asking price. [more]

  • Qiongjiu Guo, Carl Shorett, Darcy Stacom and Bill Shanahan

    Qiongjiu Guo, Carl Shorett, Darcy Stacom and Bill Shanahan

    CBRE’s Darcy Stacom and Bill Shanahan two-stepped their way to the industry’s top honor for dealmakers last evening as they took home the first-place prize in the Real Estate Board of New York’s annual Ingenious Deal awards. [more]

  • 787 11th Avenue

    787 11th Avenue (inset: Darcy Stacom)

    The Ford Motor Company is putting a 464,000-square-foot Far West Side building on the market and expects to sell it for more than $230 million. [more]

  • 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]