The Real Deal New York

Posts Tagged ‘Sol Goldman’

  • From left: Larry Ackman, Bill Ackman and Simon Ziff

    From left: Larry Ackman, Bill Ackman and Simon Ziff

    A few years ago, when Larry Ackman stepped away from the mortgage brokerage giant his father founded in the 1920s, his son, hedge fund mogul Bill Ackman, had an office waiting for him.

    Nowadays, Larry works on his son’s real estate deals at Pershing Square Capital, including 787 Eleventh Avenue, the 460,000-square-foot office building the financier bought for $250 million this summer with partner Georgetown Company.

    “I really did it to get him out of Simon’s hair,” the younger Ackman quipped, referring to his father’s business partner Simon Ziff, famous for his stupendously curly mane. [more]

  • 211 E 43

    From left: 209-211 East 43rd Street, Alchemy’s Ken Horn, ABR’s Brian Ray, Meadow’s Jeffrey Kaplan and Savills Studley’s Woody Heller

    Alchemy Properties and ABR Partners, in partnership with Clarion Partners, acquired the leasehold of a 25-story Midtown East office building for $99 million, after Meadow Partners spent the past two years replacing many of the old tenants with new ones, The Real Deal has learned. [more]

  • 587 Fifth Avenue

    587 Fifth Avenue

    Zamir Equities principal Asher Zamir reached agreement to retain the ground lease for 587 Fifth Avenue after landlord Sol Goldman Investments attempted once again to oust him from the coveted 10-story building, according to court records.

    Zamir, operating through an entity called Baruch, was scheduled for a Sept. 8 hearing in Manhattan Supreme Court after lawyers got an injunction to block the landlord from terminating the lease agreement, according to court records. Zamir was served with two default notices on Aug. 4, one claiming that he failed to correct a Department of Buildings violation regarding a technical notice and a second notice claiming three violations from the Fire Department of New York. [more]

  • zirinsky

    36 East 57th Street, Jane Goldman and Sol Goldman

    Solil Management, the company that controls the assets of late real estate mogul Sol Goldman, has unloaded a five-story Midtown East commercial property with 37,000 buildable square feet for $65.3 million, according to property records filed with the city today. [more]

  • From left: 500 East 14th Street, RKF rendering

    From left: 500 East 14th Street and RKF rendering

    Extell Development is tearing down a sizable chunk of an East Village block to make way for a new retail and residential development. [more]

  • From left: Liquiteria, Gray's Papaya

    From left: Liquiteria, Gray’s Papaya

    Juice bar Liquiteria will take over the corner, at Eighth Street and Sixth Avenue in Greenwich Village, that legendary hot dog purveyor Gray’s Papaya is vacating because of a rent hike. [more]

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  • From left: Justice Shirley Werner Kornreich, 145 East 16th Street, 155 East 31st Street and 17 Stuyvesant Street

    From left: Justice Shirley Werner Kornreich, 145 East 16th Street, 155 East 31st Street and 17 Stuyvesant Street

    The prospects for a Hurricane Sandy-related class action seeking rent refunds from landlords across the state are “gravely in doubt,” a state judge ruled. [more]

  • A rendering of City Point in Downtown Brooklyn

    A rendering of City Point in Downtown Brooklyn

    A megaproject in Downtown Brooklyn — Acadia Realty Trust’s City Point – led the pack of the city’s 10 largest new developments approved in November. But plenty of other mammoth projects in Manhattan and elsewhere in the five boroughs made the list, according to a PropertyShark analysis of city Department of Buildings permits issued last month, ranked by square footage. Read on for a full list. [more]

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  • From left: Jane Goldman, 1185 Sixth Avenue and a painting of Sol Goldman

    From left: Jane Goldman, 1185 Sixth Avenue and a painting of Sol Goldman

    Solil Management, the company that manages the assets of the late real estate mogul Sol Goldman, has subleased about 27,500 square feet — the entire 10th floor — of SL Green Realty’s 1185 Sixth Avenue. Solil will sublet the space from oil company Hess for 14 years. Solil will move out of its longtime offices at 640 Fifth Avenue. [more]

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  • Kit and Tim Kemp

    Tim and Kit Kemp, the British husband-wife team behind the Crosby Street Hotel at 79 Crosby Street, have inked a deal to build another hotel in New York City, sources told The Real Deal.

    Firmdale Hotels, the London-based company headed by the Kemps, has signed a land lease for West 56th Street. The site, a collection of lots owned by the estate of real estate investor Sol Goldman, can support a hotel up to 120,000 square feet, it was previously reported. [more]

  • This month in real estate history

    October 12, 2012 10:30AM

    From the October issue: 

    Sol Goldman

    1987: Legendary NYC investor Sol Goldman dies

    Legendary New York City real estate investor Sol Goldman — who amassed a property fortune estimated to be worth $1 billion — died 25 years ago this month at age 70.

    The Brooklyn-born Goldman started assembling his real estate fortune in the 1930s during the Great Depression, when he was only 17. Along with his frequent business partner Alex DiLorenzo, Jr., Goldman at one time owned New York trophy properties such as the Chrysler Building and the Stanhope Hotel. [more]


  • 1140 Sixth Avenue and Sol Goldman

    [Updated at 11:35 a.m. on Aug. 30 with information from DOB and the FDNY]  Blackstone Group, which acquired the ground lease at 1140 Sixth Avenue in May, has filed a lawsuit against the landlord to block a default notice it received for five alleged violations issued by the New York Fire Department.

    Blackstone, in an Aug. 26 complaint filed in New York State Supreme Court, alleges that the estate of billionaire Sol Goldman, which owns the building, between 44th and 45th streets, sent it a default notice June 30, claiming it had 12 outstanding FDNY violations, nine Department of Buildings violations and two Environmental Control Board violations. … [more]

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  • alternate text
    From left: Blackstone CEO Stephen Shwarzman, Laurence Gluck, 1140 Sixth Avenue, Andrew Scandalios, and Rockpoint head Pat Fox

    Private equity firm Blackstone was the winning bidder in the highly competitive process to buy the $116 million non-performing note for the leasehold on the entire building at 1140 Sixth Avenue, which is owned by Stellar Management and Rockpoint Group, sources said.
    Blackstone will pay something close to — but a little bit less than — $100 million for the note held by German lender Landesbank Baden-Wurttemberg, sources said, but the precise figure could not be obtained. In addition, the owners have an agreement to transfer the leasehold to Blackstone, a source said, but it was not clear if Blackstone would pay for the title, or when the exchange would happen. … [more]


  • 31-39 West 34th Street, where Uniqlo is expected to open a store, and 19 West 34th Street, future home for Dr. Jay’s

    A lawsuit brought against the estate of Sol Goldman claiming it was seeking $7 million to approve a sublease with Japanese retailer Uniqlo on West 34th Street near Macy’s was settled last month, two sources said.

    The suit was related to the expected entry of Uniqlo onto 34th Street between Fifth and Sixth avenues.

    Through its parent company, Fast Retailing, Uniqlo has negotiated with El Fassi Realty to lease a portion of 31-39 West 34th Street, court records show. The retailer is expected to lease the former Ann Taylor Loft portion of the first floor, as well as the space occupied by Dr. Jay’s on the second and third floors, vacated after El Fassi paid it more than $10 million, sources said. It was unclear how much total space it involved. … [more]

  • A tenant of the notoriously tight-fisted estate of the late Sol Goldman is claiming in a new lawsuit that the sprawling real estate company is harassing it to extract a $7 million payment to approve a sublease by Japan’s top clothing retailer, Uniqlo, at 31 West 34th Street near Herald Square. Tenant El Fassi Realty claims the Goldman estate is using New York City Fire Department violations to claim the lease — which expires in 2086 — is in default, because the lease requires
    violations to be cleaned up quickly. If they are not, the Goldman estate will terminate the lease. … [more]

  • Lloyd Goldman unloads property primed for mega-mansion conversion 

    1024 Lexington Avenue

    The Upper East Side’s one-time “hotel for doctors,” which for many years housed the offices of famed sex therapist Dr. Ruth Westheimer, was snapped up by a New York investor for $24.5 million in an overnight d … [more]

  • Could Uniqlo be moving in at 31 West 34th Street?

    Just four months after signing one of Manhattan’s most valuable retail deals ever, Japan-based apparel chain Uniqlo is in discussions to lease two or more floors at 31 West 34th Street, one block from Macy’s, according to two sources [more]