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Posts Tagged ‘thor equities’

  • 55 NE 39th St., and 56 NE 40th St., Miami and Lyle Chariff

    55 Northeast 39th Street and 56 Northeast 40th Street, Miami and Lyle Chariff, president of Chariff Realty Group

    From the South Florida site: New York-based Thor Equities has bought two more properties in Miami’s Design District, as it expands its sizable retail portfolio in the neighborhood, The Real Deal has learned. [more]

    Comments
  • Rubin Schron and 30 Park Avenue

    Rubin Schron and 30 Park Avenue in Murray Hill

    UPDATED, 6:11 p.m., March 18: Rubin Schron’s Cammeby’s International has taken a majority stake in 30 Park Avenue, which closed yesterday for $194 million. Joseph Sitt’s Thor Equities Residential went into contract to buy the 241-unit Murray Hill building in December, as The Real Deal first reported, and still holds a stake in the property, according to a source familiar with the company. [more]

    8 Comments
  • From left: Alan Klein, Joseph Sitt, 98 Morningside Avenue and Steven Vegh

    From left: Alan Klein, Joseph Sitt, 98 Morningside Avenue and Steven Vegh

    Joseph Sitt’s Thor Equities Residential just closed on 98 Morningside Avenue, a 48-unit rental building on the corner of West 123rd Street. Thor paid $21.6 million, or about $328 per square foot, for the 65,800-square-foot, seven-story property. [more]

    8 Comments
  • The Revere Sugar Refinery in Red Hook

    The Revere Sugar Refinery in Red Hook

    A new redevelopment proposal for Thor Equities’ Revere Sugar Refinery in Red Hook is the biggest yet for the site. [more]

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  • From left: Joseph Sitt, 212 Fifth Avenue in Nomad and Robert Gladstone

    From left: Joseph Sitt, 212 Fifth Avenue in NoMad and Robert Gladstone

    Madison Equities’ Robert Gladstone and Thor Equities’ Joseph Sitt are aiming to capitalize on the coveted address of their planned condominium conversion at 212 Fifth Avenue.  [more]

    11 Comments
  • From left: Joe Sitt and 470 Broome Street, Soho

    From left: Joe Sitt and 470 Broome Street, Soho

    Joe Sitt’s Thor Equities has bought the bottom floors of 470 Broome Street for $45 million. [more]

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  • From left: Joe Sitt, Steven Vegh 17 West 125th Street

    From left: Joe Sitt, Steven Vegh 17 West 125th Street

    Joseph Sitt’s Thor Equities is in contract to buy a five-story rental property in Central Harlem for $30 million, The Real Deal has learned. [more]

    7 Comments
  • 837 Washington Street

    837 Washington Street

    Thor Equities and Taconic Investment Partners are selling Samsung’s offices in the Meatpacking District, located at 837 Washington Street, for a reported record price in the neighborhood. [more]

    2 Comments
  • 212-fifth-buy

    From left: 212 Fifth Avenue in the Flatiron District, Dustin Stolly and Robert Gladstone

    A joint venture between Robert Gladstone’s Madison Equities, Building and Land Technology (BLT) and Joseph’s Sitt Thor Equities received a $275 million construction loan to acquire and complete the gut renovation of 212 Fifth Avenue, The Real Deal has learned. [more]

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  • From left: Joseph Sitt and 1114-1120 Madison Avenue

    From left: Joseph Sitt and 1114-1120 Madison Avenue

    Continuing his buying frenzy, Joe Sitt has acquired an Upper East Side retail co-op for $42.3 million. The deal closed yesterday, according to sources close to the negotiations. [more]

    4 Comments
  • 1710 Broadway (Credit: agorafy)

    1710 Broadway (Credit: agorafy)

    Spurred by development properties commanding upwards of $1,000 per square foot in recent months, some of the city’s biggest landowners are sensing a bright opportunity to sell. Three major development sites have hit the market in the past week, led by Joseph Sitt’s 520 Fifth Avenue, a site at the corner of West 43rd Street that Thor Equities spent the past year preparing for development of a retail, hotel, and residential space. [more]

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  • From left: Joseph Sitt, Chelsea Court at 250 West 19th Street (Credit: CityRealty) and Jonathan Fishman

    From left: Joseph Sitt, Chelsea Court at 250 West 19th Street (Credit: CityRealty) and Jonathan Fishman

    UPDATED, 4:18 p.m., Jan. 5: Joseph Sitt’s Thor Equities Residential is in contract for the purchase of the Caiola family’s entire apartment building portfolio for nearly $800 million, The Real Deal has learned. The mammoth deal for Caiola’s 800,000-square-foot rental portfolio is the biggest yet for Thor’s nascent residential arm and positions the firm as a major apartment landlord with more than a billion dollars in holdings. [more]

    23 Comments
  • Town reports $1.9B in 2014 business

    December 30, 2014 04:00PM
    From left: Andrew Heiberger and Joseph Sitt

    From left: Andrew Heiberger and Joseph Sitt

    Despite behind-the-scenes drama, Town Residential turned in a solid financial performance in 2014.

    According to numbers provided by Town, the brokerage generated $1.86 billion in total sales and leasing volume, representing a 15.6 percent increase over 2013. In all, the firm closed 1,148 sales with an average price of $1.6 million, and it completed 3,775 leases with an average rent of $4,499. [more]

    2 Comments
  • 520-fifth-thor

    From left: Joseph Sitt, old rendering of 520 Fifth Avenue and current site

    Joseph Sitt’s Thor Equities filed its first plans for a tower slated to go up at 520 Fifth Avenue, showing it will rise 71 stories and 920 feet. [more]

    1 Comment
  • Joe Sitt and 30 Park Avenue (Building photo credit: CityRealty)

    Joe Sitt and 30 Park Avenue (Building photo credit: CityRealty)

    Joseph Sitt’s Thor Equities is making its biggest residential deal yet, paying $181 million for a rental building at 30 Park Avenue in Murray Hill, The Real Deal has learned. [more]

    10 Comments
  • GibsonFInal

    From left: Robert Gibson, Chealsy Choquette and Le Vesuvio, Cannes

    Robert Gibson, a JLL vice-chairman who runs the brokerage’s Manhattan retail division, allegedly had to be restrained by restaurant employees following a tussle with a female guest as a Thor Equities party in Cannes was winding down last week, several attendees told The Real Deal. [more]

    8 Comments
  • 837

    837 Washington Street in the Meatpacking District and Taconic’s Paul Pariser

    Thor Equities and Taconic Investment Partners are putting a six-story Meatpacking District office property that is entirely leased to Samsung Electronics North America on the market. [more]

    1 Comment
  • thor

    From left: Joseph Sitt, 45 West 45th Street, 24 West 40th Street, Richard Baxter, Scott Latham, Ron Cohen and Jon Caplan

    Joseph Sitt’s Thor Equities stands to turn a profit of roughly $21 million in four months from a $239 million contract flip on three Midtown office buildings, The Real Deal has learned. [more]

    1 Comment
  • 1122-broadway

    From left: 1122 Madison Avenue on the Upper East Side, Yoav Oeslner and Glenn Tolchin

    Premier Equities is asking $50 million for a two-story Upper East Side retail building with air rights that would allow it to be redeveloped with as many as 11 floors of apartments on top, The Real Deal has learned. [more]

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  • Andrew Heiberger returns as CEO of Town

    October 01, 2014 11:05AM
    From left: Andrew Heiberger and Joseph Sitt

    From left: Andrew Heiberger and Joseph Sitt

    Andrew Heiberger is retaking the reins at Town Residential, replacing business partner Joseph Sitt as CEO, effective immediately.

    “From the beginning, Andrew has led the way in establishing a new degree of excellence on behalf of our clients and representatives,” Sitt and Heiberger said in an email sent to Town’s staff this morning that was shared with The Real Deal. “In the coming months and years, you can expect to see even more, as we continue to cement our reputation as the leading light in New York residential real estate.” [more]

    24 Comments
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