The Real Deal New York

Posts Tagged ‘Kent Swig’

  • 110-william

    Jonathan Dean and 110 William Street

    Developer Kent Swig has signed Microsoft recruitment agency Nigel Frank International at 110 William Street in the Financial District.

    The England-based Nigel Frank, which recruits job candidates for Microsoft, grabbed a five-year lease for 14,000 square feet. Colliers International broker Seth Hecht represented the staffing specialist. Swig’s investment and development firm Swig Equities has been looking to sell the 900,000-square-foot office property, after tapping Eastdil Secured to market it in August. [more]

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  • 45 Broad Street

    45 Broad Street

    A Financial District development site that will allow for a 264,200-square-foot residential tower or hotel has hit the market for an undisclosed amount.

    The site at 45 Broad Street once belonged to Kent Swig, but he was forced to turn it over in 2011 after defaulting on a loan. [more]

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  • From left: Kent Swig and 740 Park Avenue

    From left: Kent Swig and 740 Park Avenue

    UPDATED, 12:53 p.m., January 7: Developer Kent Swig’s ex-wife Elizabeth has listed the co-op the couple once shared at the ultra-exclusive 740 Park Avenue for $32.5 million. [more]

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  • Lawyer claims baby in suit is not Swig’s

    December 11, 2013 08:35AM

    Developer Kent Swig is accused of fathering a now 2-month-old baby, according to a petition filed in Manhattan Family Court. According to the court documents, April Malloy, the owner of a construction business and single mother of seven, called for Swig to take a paternity test. But Swig’s lawyers said he has taken the test and the child is not his. [more]

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  • swig-dimon

    From left: Kent Swig and Jamie Dimon

    Developer Kent Swig has given up the ghost at 90 Broad Street. Shortly after losing a bid to force JPMorgan Chase to postpone the $126 million sale of his former Lower Manhattan office building, he has withdrawn a suit to block the transaction.

    Swig’s lawyers voluntarily withdrew a Nov. 14 suit from New York State Supreme Court on Wednesday. The move came about a week after Judge Jeffrey Oing denied the developer a temporary restraining order, which would have prevented JPMorgan from proceeding with the closing, scheduled for Dec. 22. [more]

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  • From left: Kent Swig and 90 Broad Street

    From left: Kent Swig and 90 Broad Street

    Developer Kent Swig has lost the first round in a legal offensive to block the sale of 90 Broad Street — a move that he claimed lender JPMorgan Chase undertook without giving him the proper chance to make his own offer.

    At an hour-long hearing this morning, New York State Supreme Court Judge Jeffrey Oing shot down Swig’s request to keep a temporary restraining order in place. [more]

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  • Kent Swig and 90 Broad Street

    Kent Swig and 90 Broad Street

    Developer Kent Swig has claimed that JPMorgan Chase, a lender at his Lower Manhattan office tower at 90 Broad Street, sold it out from under him for $126 million. They will face off in court tomorrow, where Swig aims to stop the deal from going ahead. [more]

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  • Kent Swig and 90 Broad Street

    From left: Kent Swig, president of Swig Equities, and 90 Broad Street

    David Tawfik’s Princeton International Property will pay Swig Equities $126 million for 90 Broad Street, a 400,000-square-foot office building in Lower Manhattan. [more]

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  • From left:

    From left: Kent Swig, Jared Kushner, 1 Chase Manhattan Plaza and 100 Broadway

    From the October issue: True to its name, the Financial District was historically the center of business in New York City. But when it comes to commercial real estate, the area has taken a backseat to other Manhattan neighborhoods in recent years — especially since the 9/11 terrorist attacks. [more]

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  • From left: David Sigman, 25 Broad Street and Kent Swig

    From left: David Sigman, 25 Broad Street and Kent Swig

    Updated, 12:00 p.m., Sept. 10: LCOR’s face-lift and rental conversion of the Broad Exchange Building will wrap up next month, after a previous conversion attempt by Kent Swig fell through following the collapse of Lehman Brothers. [more]

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  • Kent Swig and 110 William Street

    Kent Swig and 110 William Street

    Investment and development firm Swig Equities, headed by embattled developer Kent Swig, is seeking a buyer for a 900,000-square-foot office property it owns in the Financial District, The Real Deal has learned. [more]

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  • swig-william-street

    110 William Street and Kent Swig

    The Pacific College of Oriental Medicine is relocating to Lower Manhattan, a move that drops its monthly rent by more than $20 per square foot, or 40 percent, the New York Post reported.

    The California-based college, which specializes in Asian medicine, was stationed at 915 Broadway in Noho, where asking rent was in the $50s per square foot. It signed a 15-year lease for 42,000 square feet at Kent Swig’s 110 William Street. The space, which has a per-square-foot asking rent in the low $30s, includes the 19th floor and part of the ground floor, the newspaper said. [more]

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  • macklowe-swig

    From left: Harry Macklowe and Kent Swig

    Chalk one up for the former in-laws, developer Harry Macklowe and his wife, Linda.

    The Macklowes are going to be getting back the $200,000 that fellow mega-developer Kent Swig borrowed from them in 2009, when he was still married to their daughter, Elizabeth. The settlement in the messy, yearlong legal battle came yesterday in Manhattan Supreme Court, the New York Post reported. [more]

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  • Kent Swig and 44 Wall Street

    Entities tied to real estate developer Kent Swig misled a New York state court in their challenge to the majority owners of 44 Wall Street when they filed papers that made it seem there was no proof of Swig’s embezzlement of funds, a state judge has ruled.

    Swig’s entities hold a minority stake in the 24-story tower in the Financial District and have challenged the majority owners, Swedish investors, over what Swig’s stake is a worth. [more]

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  • Kent Swig and 740 Park Avenue

    The estranged wife of real estate developer Kent Swig is accusing him of “wanton dishonesty” and suing him for punitive damages in their divorce case, alleging that his financial travails put her $26 million 740 Park Avenue digs at risk, the New York Daily News reported.

    Elizabeth Swig – who is the daughter of real estate mogul Harry Macklowe — said her husband convinced her that they should take out a $12.5 million loan on the apartment that would be used to pay off an earlier $5 million loan and give them liquidity to “tide them over through the bad market,” according to Manhattan Supreme Court papers seen by the Daily News.  [more]

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  • alternate<br /></a>text
    From left: The Real Deal publisher Amir Korangy and Donald Trump, Jr.

    UPDATED, 1:30p.m., April 22: Some 420 guests gathered at TOY Restaurant in the Gansevoort Meatpacking NYC Hotel on Wednesday night to help The Real Deal celebrate our 10th anniversary. The two-level space was packed with New York City real estate industry heavyweights, including Donald Trump, Jr., developers Kent Swig and Sharif El-Gamal, architect Costas Kondylis and more. Click through to see the event slideshow after the jump.

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  • Swig is accusing Macklowe of forgery

    March 15, 2013 11:30AM

    Developer Kent Swig and Developer Harry Macklowe

    Kent Swig is accusing fellow real estate titan and father-in-law Harry Macklowe of forgery, the Daily Mail reported. Swig claims in a lawsuit that Macklowe endorsed insurance checks that he and his estranged wife, Elizabeth, received for water damage to their 740 Park Avenue apartment. Macklowe signed Kent’s name to collect $270,000 in claims. … [more]

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  • Developer Kent Swig and Developer Harry Macklowe

    From the January issue: Over the past four years, real estate developer Kent Swig has found himself under siege from creditors seeking to recoup loans and other investments lost in the 2008 economic crash. Thus far he’s been able to prevent the collapse of his considerable real estate empire, but an ongoing battle with his estranged father-in-law, legendary developer Harry Macklowe, is threatening to push him over the edge and could derail any attempt at a comeback. [more]

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  • Kent Swig and 44 Wall Street

    The majority owners of 44 Wall Street have asked a judge to dismiss a lawsuit filed by affiliates of developers Kent Swig and Zamir Equities principal Asher Zamir, who claim to own a minority stake in the Financial District office tower formerly known as the Bank of America building. In the suit, filed November 2012 in New York State Supreme Court, Swig and Zamir claim that two entities—listed in court documents as New 44 Wall Street LLC and Kommersiella Fastigheter in NY 3 Corp—froze them out of a stake in the 23-story, 289,049-square-foot property. Swig—the president of Swig Equities and co-owner of Terra Holdings, the parent company of brokerages Brown Harris Stevens and Halstead Property— invested $3.5 million dollars and had a 12.2 percent stake in the initial partnership, according to court documents. … [more]

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  • From left: Kent Swig and 90 Broad Street

    Embattled landlord Kent Swig, who in June was sued by Bank of America for unpaid loans at his 740 Park Avenue co-op, has another legal issue on his hands, but not one against him. Crain’s reported that Swig has filed a lawsuit against the owners of Demi Monde, a bar and restaurant at 90 Broad Street, claiming that the owners owe more than $100,000 in back rent. Swig also aims to evict Demi Monde from the property. [more]

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