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]

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]

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]

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]

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]

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]

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]

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]

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]

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]