The Real Deal New York

Posts Tagged ‘Steve Witkoff’

  • Sheldon Silver

    Sheldon Silver

    Sheldon Silver, the former speaker of the New York State Assembly and one of the state’s most powerful politicians, was convicted Monday in a federal corruption trial that shone a light on the real estate lobby’s dealings in Albany.

    Silver, 71, was convicted on all seven counts of honest services fraud, extortion and money laundering that he faced over five weeks of trial in Federal District Court in Lower Manhattan. [more]

  • Sheldon Silver Steve Witkoff

    From left: Steve Witkoff and Sheldon Silver

    Count none other than Steve Witkoff among those allegedly fooled by former New York Assembly Speaker Sheldon Silver.

    Testifying at Silver’s corruption trial Tuesday, Witkoff said he was kept in the dark about the fact that the politico was allegedly collecting a cut of legal fees from his development firm. [more]

  • 1 Park Lane

    Renderings of 1 Park Lane at 36 Central Park South (credit: Witkoff)

    Under the EB-5 program, Steve Witkoff’s skyscraper on “Billionaires’ Row” is considered to be in a low-income area.

    Witkoff is among several developers raking in financing, in part, due to census tracts shaped in order to comply with a stipulation of EB-5. The provision requires that qualifying urban projects be constructed in rural places or areas with unemployment rates at least 150 percent of the national average, the Wall Street Journal reported. [more]

  • Ruby-in-the-Ruff

    From left: Rubin, Eli and Avi Schron (credit: Agudath Israel)

    In January, Avi Schron did something his father Ruby never had.

    On behalf of Cammeby’s International, he filed plans to build a new 41-story tower in South Brooklyn, the first major solo ground-up development by the family firm in its nearly 50-year history.

    When New York real estate folk talk about “old-school investors,” they’re often picturing Rubin Schron. Starting Cammeby’s in 1967 with a handful of Bronx properties, he parlayed those modest holdings into an enviable portfolio that includes the Woolworth Building, Industry City and over 15,000 apartments. While many of his peers moved into development, Schron, who Bloomberg estimates is worth about $1.6 billion, stuck to what he knew: measured investment plays, long-term multifamily holds and shrewd partnerships on office and industrial properties.

    Though he remains a force even at the age of 78, his sons Avi and Eli are beginning to shape the future of Cammeby’s, pushing the company into ground-up projects and more audacious acquisitions.

    “When a family makes a big shift in perspective and appetite, it’s generally based on what the next generation wants to do,” an industry source who has worked with the Schrons said. [more]

  • Steve Witkoff and a rendering of 111 Murray Street in Tribeca

    Steve Witkoff and a rendering of 111 Murray Street in Tribeca

    Steve Witkoff is targeting the literal “jet set” for his Tribeca luxury tower. [more]

  • Peter Morton 150 Charles Street

    150 Charles Street in the West Village (inset: Peter Morton via LinkedIn)

    Hospitality mogul Peter Morton just dropped $25.5 million for two West Village condos. That’s a lot of steak and lobster — 404,761 surf-and-turfs at his Morton’s Steakhouse, to be exact. [more]

  • Oh-We're-Half-Way-There

    150 Charles Street and Jon Bon Jovi

    He’ll “never say goodbye” – to New York City, that is.

    On the heels of selling his $34 million Soho penthouse, rocker Jon Bon Jovi closed on a $12.9 million condo at the Witkoff Group’s 150 Charles Street on Aug. 27, according to documents that hit public records Thursday. [more]

  • SteveWitkoff150Charles

    From left: Steve Witkoff and renderings of 150 Charles Street in West Village

    It took just 12 weeks for developer Steve Witkoff to sell out 150 Charles when the 91-unit West Village condominium building launched in 2013. Two years later, a handful of units are back on the market after the developer offered buyers the rare option of flipping their contracts, The Real Deal has learned. [more]

  • From left: Ofer Yardeni, Michael Stoler, Steve Witkoff and Peter D'Arcy

    From left: Ofer Yardeni (credit: STUDIO SCRIVO), Michael Stoler, Steve Witkoff and Peter D’Arcy

    The city’s real estate developers and financiers gathered Monday to discuss the Israeli bond market, 421a and other key industry trends at Michael Stoler’s New York Real Estate Summit at the CUNY Graduate Center. [more]

  • Rendering of 111 Murray Street in Tribeca (credit: KPF) (inset: Steve Witkoff)

    Rendering of 111 Murray Street in Tribeca (credit: KPF) (inset: Steve Witkoff)

    Steve Witkoff expressed support for the EB-5 federal visa program at a panel discussion Monday morning, while expressing his belief that the program “is going to change” when up for renewal before Congress this fall. [more]

  • Zuckerman Witkoff

    From left: Mort Zuckerman and Steve Witkoff

    Developer Steve Witkoff is expected to lodge a bid for Mort Zuckerman’s New York Daily News, according to reports.

    The newspaper, owned by Boston Properties executive chair Zuckerman, faces a preliminary May 18 auction deadline and Witkoff is said to be one of three bidders for the publication. [more]

  • Dean Skelos

    From left: Rob Speyer, Steve Witkoff, Charles Dorego and Dean Skelos

    Tishman Speyer, Glenwood Management and the Witkoff Group are among the major New York City real estate developers enmeshed in the Dean Skelos and Sheldon Silver criminal cases this year. [more]

  • From left: Steve Witkoff, 30 Central Park South and Gary Barnett

    From left: Steve Witkoff, 30 Central Park South and Gary Barnett

    Extell Development’s Gary Barnett has approached the co-op board of 30 Central Park South — a former hotel that now primarily houses dentists’ offices — about a possible purchase. The move could make it challenging for Steve Witkoff and Harry Macklowe, who own the nearby Park Lane Hotel as well as an adjacent rental building, to build a supertall structure at the Park Lane site. [more]

  • The Real Deal‘s hottest stories of 2014

    December 30, 2014 12:48PM

    Top from left: 834 Fifth Avenue, Jared Kushner, 432 Park Avenue and WeWork’s Miguel McKelvey and Adam Neumann. Middle from left: Fredrik Eklund and John Gomes, One World Trade Center, Bob Knakal and Paul Massey and Durst’s West 57th Street project. Bottom from left: The Ritz-Carlton at Battery Park City, Andrew Heiberger and Joe Sitt, 520 Park Avenue and Gary Barnett.

    As the year winds down to a close, The Real Deal looks back on the big deals, attention-grabbing broker moves and record numbers that made 2014 one for the books. [more]

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  • From left: Mark Geragos, 7 West 24th Street and Steve Witkoff

    From left: Mark Geragos, 7 West 24th Street and Steve Witkoff

    Attorney-to-the-stars Mark Geragos is planning to convert a mixed-use building next door to Steve Witkoff’s 10 Madison Square West.  [more]

  • From left: Steve Witkoff, 40 West 57th Street and Richard LeFrak

    From left: Steve Witkoff, 40 West 57th Street and Richard LeFrak

    Steve Witkoff is shifting shop to the LeFrak Organization’s 40 West 57th Street in the Plaza District, The Real Deal has learned.   [more]

  • 20140930_witkoff_park_lane

    From left: Park Lane Hotel and Steve Witkoff

    A small group is looking to secure landmark status for the Park Lane Hotel at 36 Central Park South, and some insiders see the hand of a special interest guiding the effort.

    People with knowledge of the campaign told the New York Times the landmark backers are likely acting on behalf of someone who doesn’t want to see a new 850-foot tower move forward, such as a rival developer or wealthy condo owner in a nearby home. The property – the last jewel in Leona Helmsley’s massive estate crown – sold to a partnership that included developers Harry Macklowe and Steve Witkoff for $660 million. [more]

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  • witkoff

    From left: A rendering of the $35 million penthouse at 10 Madison Square West (Credit: Rode) and Steve Witkoff

    Why settle for just one ostentatious penthouse when, with a little creativity, you could easily have another? Steven Witkoff’s 10 Madison Square West is combining two apartments to create a full-floor apartment on the 22nd floor, which will hit the market today asking $35 million. [more]

  • Steve Witkoff

    Steve Witkoff

    Developer Steven Witkoff said when he started out back in the 1980s, he learned to use a gun — which he sometimes carried in his gym bag.

    “They were very difficult days up there, and I had a lot of scares,” he recalled. “We owned a building on 143th and Broadway and it was a very, very rough neighborhood in those days, tremendous heroin dealing and cocaine dealing, and multiple times we were in situations where we heard gunshots or we were inside a building and we were threatened.” [more]

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  • From left: rendering of 626 First Avenue and Michael Stern

    From left: rendering of 626 First Avenue and Michael Stern

    A spokesman for JDS Development has rubbished an allegation that a crane on the site of Michael Stern’s 616 First Avenue development punched a hole in an adjacent school. The Real Deal reported the allegation, which was cited in a complaint filed with the Department of Buildings, yesterday. [more]