The Real Deal New York

Posts Tagged ‘Kent Swig’

  • 740 Park Avenue on the Upper East Side and Elizabeth and Kent Swig (credit: Patrick McMullan)

    740 Park Avenue on the Upper East Side and Elizabeth and Kent Swig (credit: Patrick McMullan)

    It’s a question that comes up in most divorces: Who gets the house? In the case of the Swigs, a $22.5 million apartment was on the line. [more]

  • 740 Park Avenue

    740 Park Avenue on the Upper East Side and Elizabeth and Kent Swig (credit: Patrick McMullan)

    The high profile spoils of Kent and Elizabeth Swig’s messy divorce are up for grabs once again.

    Elizabeth, daughter of real estate bigwig Harry Macklowe, has re-listed her apartment at 740 Park Avenue for $10 million less than she was asking last year, The Real Deal has learned. [more]

  • Down but not out: Developers who defaulted

    November 09, 2015 10:05AM
    Harry Macklowe Bruce Eichner Kent Swig

    From left: Harry Macklowe, Bruce Eichner and Kent Swig

    From the November issue: Defaulting on a real estate loan can be ugly. But how a borrower defaults can determine whether they can maintain their relationships with lenders and get back in the game. Here’s an inside look at what worked and what didn’t for four high-profile developers. [more]

  • swig-pic-final

    From left: Kent Swig and American Express cards

    Despite overcoming many obstacles after the financial crisis, Kent Swig has not entirely escaped his past.

    American Express Bank sued the prominent developer, owner of Swig Equities and scion of San Francisco’s Swig real estate family, for allegedly failing to pay his and his company’s credit card bills. [more]

  • Jim Gricar

    Jim Gricar (Credit: Tobias Truvillion)

    UPDATED, 5:50 p.m., March 11: Jim Gricar, the president of Halstead Property, is leaving the residential brokerage at the end of the month, The Real Deal has learned.

    Sources indicated that his contract was up at the end of the month but was not renewed. [more]

  • From the archives: Surf’s up for Swig

    January 03, 2015 01:00PM

    Swig_and_Mao.jpgWith his California charisma, beaded bracelets and dapper disposition, Kent Swig is clearly a new kind of mogul. As he gets excited, he waves his arms over his paper-strewn desk, creating a blur of purple shirt sleeves, soccer ball cufflinks, and surfer bracelets. Raising his eyebrows, his voice accelerates with each new sentence.

    “It’s that one second,” he says. “It’s absolutely perfect. You’re timing it. You can just feel it. Then when you hit it, it’s just incredible!” Swig is talking about surfing — that sublime instant when a surfer paddles into a wave and gets ready to drop in — but the 46-year-old blond with the sunburned face might just as well be talking about his real estate deals. Click here to read the full story from our December 2007 issue.

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  • brown

    From left: Doug Harmon, David Helpern, Michelle Flagg and Kent Swig (Credit: Zach Fontaine)

    Developer Kent Swig, investment sales broker Doug Harmon, architect David Helpern and other top real estate insiders gathered last night to discuss pivotal issues shaping the Manhattan skyline, including escalating land prices and sky-high building heights. [more]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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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