The Real Deal New York

Posts Tagged ‘david lichtenstein’

  • Spinola joins board of Lightstone REIT

    August 04, 2015 12:32PM
    David Lichtenstein and Steven Spinola

    David Lichtenstein and Steven Spinola

    A little more than a month after stepping down as the longest-serving president at the Real Estate Board of New York, Steven Spinola is getting back to work.

    Spinola, who stepped down at the end of June after nearly 30 years heading the influential trade organization, is taking a role as the independent director on the board of governors at a real estate investment trust run by the Lightstone Group, the company told The Real Deal. [more]

  • 40 East End Ave

    40 East End Avenue in Yorkville (inset: David Lichtenstein and Mitchell Hochberg)

    David Lichtenstein’s Lightstone Group has acquired a residential rental building at 40 East End Avenue in Yorkville in a $32.5 million all-cash deal. [more]

  • From left: A Moxy hotel by Marriott, David Lichtenstein and Lightstone's hotel project on 36th Street

    From left: A Moxy hotel by Marriott, David Lichtenstein and Lightstone’s hotel project on 36th Street

    David Lichtenstein’s Lightstone Group is investing $2 billion into the development of hotel properties that will be geared toward younger travelers. [more]

  • David Lichtenstein and the Tel Aviv Stock Exchange

    David Lichtenstein and the Tel Aviv Stock Exchange

    David Lichtenstein’s Lightstone Group raised $120 million on the Israeli bond market, joining other New York developers who have tapped the market to finance local building projects.

    Lighstone Enterprises Limited, a subsidiary of Lightstone, issued the $120 million unsecured corporate bonds on the Tel Aviv Stock Exchange, where the bonds began trading Dec. 8, 2014. [more]

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  • 363_365_Bond_Lightstone

    365 Bond Street in Gowanus, and Lightstone’s David Lichtenstein

    The Lightstone Group picked up a $120 million construction loan for a 12-story apartment complex on the banks of the Gowanus Canal. [more]

  • David Lichtenstein and a rendering of the Gowanus project

    Updated, 11:44 a.m., May 3: Just a few years after the Extended Stay hotel chain debacle, the Lightstone Group’s chief executive officer David Lichtenstein has made a strong statement in the New York City market, and now has several major projects in the works, the New York Times reported.

    In 2009, only two years after Lichtenstein bought a portfolio of nearly 700 Extended Stay Hotels for $8 billion –mostly financed through debt – he put the hotel chain into bankruptcy protection, which he told the Times was a “humbling” experience. Now, however, Lightstone has several big-ticket projects on the agenda.  [more]

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  • David Lichtenstein and a project rendering

    The City Planning Commission yesterday approved Lightstone Group’s plan to build a 700-unit rental development at 363-365 Bond Street on the Gowanus Canal, the developer said. The agency granted Lightstone permission to build on an as-of-right basis, finding the project complied with a 2009 rezoning of the area. Lightstone had previously proposed a modification to the plan, prompting several groups to question whether a more stringent review process was necessary. [more]

  • Ruby Schron, modest mogul

    December 07, 2012 10:30AM

    Ruby Schron

    From the December issue: Ruby Schron is not the type of real estate mogul who has racks of shiny suits spilling out of his closet.

    Associates of the septuagenarian investor describe him as “the opposite of pretentious” and “anything but glitzy” — a man so careful with his money that he still lives in the same single-family home in Brooklyn where he raised his eight children, even as his fortune has swelled into the hundreds of millions of dollars. [more]

  • David Lichtenstein

    The Lightstone Group has donated 11,309 square feet of office space at 1407 Broadway to businesses ravaged by Hurricane Sandy, Real Estate Weekly reported. The effort comes as part of a city program — Lightstone joined forces with the city Economic Development Corporation — to help these businesses get back to work.

    “We have seen so much devastation throughout New York City since Hurricane Sandy hit,” David Lichtenstein, Lightstone chairman and CEO told REW. “We wanted to do something meaningful, and felt it was important to donate office space to help businesses get back online.” [more]

  • Lightstone Group plans LIC development

    August 26, 2011 03:15PM

    David Lichtenstein’s Lightstone Group, owner of multi-family, retail and office properties in 27 states, is set to enter one of New York’s emerging residential markets, having just purchased a residential development site at 50-01 2nd Street in Long Island City for $19.3 million, or $105 per buildable square foot, Real Estate Weekly reported.
    The site’s close proximity to Avalon Bay Communities’ Avalon Riverview South, the 7 train and the East River were all selling points, said Gary Blum, a partner at Pinnacle Realty, who represented the seller alongside Pinnacle’s Decio Baio and David Junik.
    “They knew Long Island City was growing,” he said. … [more]