The Real Deal New York

Posts Tagged ‘stonehenge partners’

  • mark-levine

    Mark Levine and 160 West 97th Street

    City Council member Mark Levine of West Harlem is expected to soon present a new bill that would prevent landlords from discriminating against rent-stabilized tenants over access to high-end amenities in a building.

    The bill, which is being drafted, seeks to ensure that rent-stabilized tenants have equal access to rooftop terraces, children’s playrooms, gyms and other special features in a building. If signed into law, the proposal would amend the human rights code, thus increasing anti-discrimination protections for those tenants. [more]

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  • 555-6

    Rendering of 555 Sixth Avenue

    Stonehenge Partners has inked a deal with its first retail tenant at the newly-constructed 555 Sixth Avenue. The inaugural tenant, Boutique Fitness Experience (BFX) Studio, is a high-end, high-concept personal fitness company. [more]

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  • From left: Letitia James and 160 West 97th Street

    From left: Letitia James and 160 West 97th Street

    A mixed-income building on the Upper West Side is under fire for allegedly barring rent-regulated tenants from using the property’s gym. [more]

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  • Barry Brandt

    Barry Brandt

    Barry Brandt, the former management director of leasing at Stonehenge Partners,  has been tapped to join Argo Residential’s brokerage division as director of sales.

    Brandt’s hiring, according to Argo, is a bid to extend the firm’s presence on the Upper West Side and other Manhattan neighborhoods. Brandt will also focus on increasing the number of agents under his leadership. [more]

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  • 400 East 57th Street and Jennifer Rosoff (inset)

    400 East 57th Street and Jennifer Rosoff (inset)

    The cause of a woman’s fatal fall at a Stonehenge Partners-owned building on the Upper East Side was likely an aging balcony railing installed with decades-old technology, investigators told DNAinfo.

    Ad executive Jennifer Rosoff fell to her death Thursday after leaning against the railing outside her 17th-floor condominium unit at 400 East 57th Street. As Rosoff leaned against it, her date reportedly warned her not to. [more]

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  • The Closing with Ofer Yardeni

    February 18, 2013 10:30AM

    Ofer Yardeni  (photo by STUDIO SCRIVO)

    From the February issue: Ofer Yardeni is the cochairman and CEO of Stonehenge Partners, a Manhattan-based real estate company that owns and manages 27 residential buildings and commercial properties in New York valued at roughly $2.2 billion. Yardeni formed the company 18 years ago with his business partner, Joel Seiden. But the company has been especially active lately. Last spring, Stonehenge partnered with SL Green Realty and retail mogul Jeff Sutton to buy a $416 million retail and residential property portfolio that includes eight prime Upper East Side properties. More recently, Stonehenge bought a residential building at 103 East 86th Street for $76 million in November. The company is also converting a former staff-housing site at St. Vincent’s Hospital into a 180-unit luxury residential building at 555 Sixth Avenue. [more]

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  • From left: Ofer Yardeni, Joel Seiden and Eyal Reggev

    Stonehenge Partners is set to undergo a shuffle. The firm will reorganize its senior management team, moving its former managing partner Ofer Yardeni to co-chairman and CEO. Stonehenge will also piece together a Strategic Advisory Board — also to be created and co-chaired by Yardeni along with Joel Seiden, both founders of Stonehenge. The board’s purpose will be to assist Stonehenge, with an eye on efficiency, as it anticipates growth. [more]

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  • Brill Building set to hit market: sources

    November 15, 2012 10:30AM

    Stonehenge’s Ofer Yardeni and the Brill Building

    Dallas-based real estate giant Invesco is preparing to bring an historic Times Square office building to market, The Real Deal has learned.

    The international investment management firm’s real estate arm will likely put the property known as the Brill Building, at 1619 Broadway, on the market early next year, sources said. The 11-story building, on the corner of West 49th Street, totals 177,000 square feet and is best known for its musical history; the building served as the Tin Pan Alley home of famed music publishers, record companies, artists and artists’ managers for decades beginning in the 1930s. It became known as a hit factory, producing songs by artists such as Paul Simon. [more]

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  • From left: Paul Massey, Hall Oster, Rob Shapiro and 1080 Amsterdam Ave. (credit: PropertyShark)

    Massey Knakal has arranged a 99-year lease at 1080 Amsterdam Avenue at 113th Street in Morningside Heights, the New York Observer reported.

    This is the same building for which SL Green and Stonehenge Partners formed a joint venture this summer, with plans to turn the property into a luxury residential redevelopment project, as The Real Deal previously reported. The venture plans to shell out $13 million for renovations and redevelopment. [more]

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  • From left: Ofer Yardeni, 103 East 86th Street (credit: PropertyShark) and Joel Seiden

    Stonehenge Partners’ Ofer Yardeni and Joel Seiden purchased an apartment building at 103 East 86th Street for $76 million, the New York Post reported. Located just off Park Avenue, the 90,000-square-foot, 13-story building traded for $850 per square foot — or $1.6 million for each of the 48 units.

    There are five vacancies in the building now. They will be fully renovated and put on the rental market for $90 to $100 per square foot, the Post said. [more]

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  • 555 Sixth Avenue renderings come online

    August 27, 2012 04:00PM

    From left: Ofer Yardeni and a rendering of 555 Sixth Avenue

    Renderings of 555 Sixth Avenue have hit the website of Stonehenge Partners. Images of the structure can also be seen on the property’s scaffold. The property will be a mix of residences for rent and retail, Curbed reported.

    According to the company’s retail listing, there will be a 180-unit luxury high-rise above 18,000 square feet of retail space. Leases come with 10-year terms, and retailers can take possession of the space in the first quarter of next year. [more]

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  • From left: Ofer Yardeni and a rendering of the 112 Ninth Avenue ground-level retail space

    Ofer Yardeni’s Stonehenge Partners has put a 5,300-square-foot retail space, which was previously the home to six small businesses on the Ninth Avenue stretch between 17th and 18th streets, on the rental market, DNAinfo reported. The firm seeks to have a sole tenant occupy the space, at 112 Ninth Avenue, in a 10-year deal. The opening is slated for 2013. [more]

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  • From left: SL Green CEO Marc Holliday, Stonehenge Partners co-founder and managing member Ofer Yardeni and 1080 Amsterdam Avenue (credit: PropertyShark)

    New York City’s largest office landlord, SL Green, today announced a joint venture with Stonehenge Partners on a luxury residential redevelopment project in Morningside Heights. The partnership will enter a 99-year ground lease for the 96-unit 1080 Amsterdam Avenue, located at 113th Street —just a few blocks south of Columbia University — for which it will shell out $13 million. [more]

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  • Ofer Yardeni and 364 West 18th Street (building credit: PropertyShark)

    Ofer Yardeni’s Stonehenge Partners has terminated the leases for six small businesses that operate in retail storefronts at the base of a Chelsea apartment building it acquired last year, according to DNAinfo. A Moneygram check cashier, New China restaurant and a bodega have all recently closed their businesses along Ninth Avenue between West 17th and West 18th streets, and New Barber Shop, Velazquez & Tamara Dry Cleaners and a deli have to vacate their stores by the end of the month. [more]

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  • From left: Investor Jeff Sutton, Stonehenge Partners co-founder and managing member Ofer Yardeni, SL Green CEO Marc Holliday, and 752 Madison Avenue

    Commercial landlord SL Green Realty has partnered with residential property owner Stonehenge Partners to pay some $32 million for four contiguous properties on the Upper East Side, sources told The Real Deal.

    Retail investor Jeff Sutton is also expected to take an ownership stake at the site, located at the high-profile corner of 65th Street and Madison Avenue, where fashion retailer Giorgio Armani recently opened a rehabilitated space. [more]

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  • From left: Sl Green CEO Marc Holliday, Ofer Yardeni, co-founder and managing member of Stonehenge Partners, retail investor Jeff Sutton and 724 Fifth Avenue

    SL Green Realty, partnering with Stonehenge Partners and retail investor Jeff Sutton, is expected to close today on eight East Side properties for $416 million, executives at SL Green Realty said today during its fourth-quarter conference call.

    The David Frankel Realty portfolio includes high-end retailer Prada’s location at 724 Fifth Avenue, as well as 752 Madison Avenue, 19 East 65th Street, 21 East 65th Street, 762 Madison Avenue, 44 West 55th Street, 400 East 57th Street and 400 East 58th Street. [more]

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  • A total of eight buildings were part of SL Green, Jeff Sutton and Stonehenge Partners’ previously reported bulk New York City buy.

    According to new details reported today by MarketWatch, the total price of the eight-building portfolio was $416 million — $16 million more than originally reported — and includes 44 West 55th Street, 400 East 57th Street, 752 Madison Avenue and 19 and 21 East 65th Street, in addition to headliners 724 Fifth Avenue, a 12-story retail location that houses Prada, and 762 Madison Avenue, a five-story building with retail, including an Armani store, and office space. … [more]

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  • Ofer Yardeni and Joel Seiden’s Stonehenge Partners has closed on the 93-unit apartment building at 1143 Second Avenue and 60th Street it went into contract for in August, according to public records filed with the city on Wednesday. Stonehenge paid KFJ Realty $47 million for the six-story building, which includes 15,000 square feet of retail on the westerly block between 60th and 61st streets, and 77,000 square feet of development rights. It is still not clear whether Stonehenge will build at the site or simply hold on to the development rights for future construction. A call to Stonehenge today was not immediately returned. — Katherine Clarke[more]

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    From left: Wharton Properties President Jeff Sutton, SL Green President Marc Holliday, Stonehenge Managing Partner Ofer Yardeni, 724 Fifth Avenue and 760 Madison Avenue (building credits: PropertyShark)

    The retail investment team of SL Green Realty and Jeff Sutton, president of Wharton Properties, have struck again, according to the Wall Street Journal, paying more than $400 million for a 10-building portfolio that includes prime retail on Fifth and Madison avenues.
    The investment pair will take control of 724 Fifth Avenue, which has a Prada store at its base, and the building at 760 Madison Avenue, which includes an Armani store. The Armani store is just across the street from a Valentino store at 747 Madison Avenue that SL Green and Sutton combined to purchase in July for $65 million, while the Prada store is nearby the pair’s 717 Fifth Avenue property, which recently inked Dolce & Gabbana as a tenant. In May, the duo agreed to acquire 1552 Broadway in Times Square…. [more]

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    From left: Stonehenge Partners COO Andrew Hoffman, Jeffrey Levine, principal of Douglaston Development, Michael Gubbins, vice president at the Albanese Organization and Joseph Sbiroli, principal of Ventura Land

    After a major evacuation, extensive preparations and a two-day mass transit shutdown, New
    Yorkers have emerged after Hurricane Irene to find their city mostly unscathed.

    “It was a remarkable non-event,” said Andrew Hoffman, COO of Stonehenge Partners.

    Stonehenge, which manages approximately 2,500 apartments in 20 buildings, avoided the
    evacuation orders with buildings like Midtown’s Ritz Plaza and 10 Downing.

    Hoffman said they geared up for the storm by supplying each building with plywood, water
    pumps, water vacuums, flashlights, batteries and thousands of glow sticks. … [more]

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