The Real Deal New York

Posts Tagged ‘real estate equities’

  • Shaoul

    Rendering of 196 Orchard Street on Lower East Side and Ben Shaoul

    SL Green Realty has provided Ben Shaoul’s Magnum Real Estate Group a $97 million loan to acquire and initiate construction on a Lower East Side residential development.

    The loan will assist Magnum’s partnership with Real Estate Equities in the development of the 83-unit mixed-use building at 196 Orchard Street, located next to Katz’s Deli. [more]

  • Ben Shaoul (inset), Katz's Deli and a rendering for 196 Orchard Street

    Ben Shaoul (inset), Katz’s Deli and a rendering for 196 Orchard Street

    UPDATED, April 21, 2:00 p.m.: Ben Shaoul has teamed up with Real Estate Equities Corp. to close on a $75 million assemblage on the Lower East Side where they plan to develop a mixed-use building next to Katz’s Deli, The Real Deal Has learned. [more]

  • 375 West Broadway

    375 West Broadway

    The building at 375 West Broadway may be sold as early as this week, the New York Post reports. [more]

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  • Real Estate Equities, led by investor Michael Miller, is scheduled to face off in Manhattan Supreme Court after filing suit against a lender and joint venture partner that he claims is trying to sabotage a high-end retail project in the Meatpacking District in Manhattan. [more]

  • square

    Jack Dorsey and 375 West Broadway

    Square, a San Francisco-based startup that makes mobile-payment processors, grabbed 40,000 square feet at Real Estate Equities’ 375 West Broadway in Soho.

    With the new office, Square’s total staff will grow from 35 employees to 385. The state’s Empire State Development Corporation offered $5 million in tax credits for the deal. The company raised about $100 million in venture capital financing earlier this month, Crain’s reported. [more]

  • From left: Laurence Ross, Lee Spiegelman and 375 West Broadway

    From left: Laurence Ross, Lee Spiegelman and 375 West Broadway

    Real Estate Equities, an under-the-radar Midtown-based property investment firm, paid $81 million for the five-story Soho office and retail building at 375 West Broadway that is home to trendy retailer Anthropologie. [more]

  • alternate text
    A masonry wall still stands where a plate-glass retail facade was planned to debut in July at 344-46 West 14th Street

    The developer rehabilitating a Meatpacking District apartment building
    to include retail is accusing its lender of trying to take over the
    project through illegal activities, in a new $20 million lawsuit. The developer, 344-46 West 14th Associates, claims in the lawsuit filed
    Aug. 26 in New York State Supreme Court that the lender, Connecticut
    hedge fund Patriot Group, is trying to wrest control of the delayed and
    over-budget project at 344-46 West 14th Street near Ninth Avenue by
    refusing to allow outside financing and telling contractors that money
    to pay them had run out. The developer is claiming breach of contract; interference with contracts; fraud and other charges, and is seeking $20 million in compensatory damages, the suit says. … [more]