The Real Deal New York

Posts Tagged ‘thor equities’

  • Thor's Joseph Sitt and 150 West 82nd Street

    Thor’s Joseph Sitt and 150 West 82nd Street

    Joseph Sitt’s Thor Equities is in contract to purchase a 10-story Upper West Side residential rental building for $42 million. [more]

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  • thor

    Joseph Sitt and 164 Fifth Avenue

    Thor Equities acquired a 19,000-square-foot Flatiron District office building for $23 million.

    Design nonprofit AIGA owned and currently occupies the site at 164 Fifth Avenue, near 22nd Street. The four-story property will be delivered vacant. The development firm led by Joseph Sitt made a string of recent buys along Fifth Avenue, including 530 Fifth Avenue for $595 million and 685 Fifth Avenue for $475 million. [more]

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  • 159-canal

    Rendering of 159 Canal Street

    Schuckman Realty has been tapped to market a retail renovation project in Chinatown spearheaded by the Oved Group, The Real Deal has learned.  [more]

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  • sitt-683-fifth-mathrani

    From left: Joe Sitt, 685 Fifth Avenue (Photo credit: Google) and Sandeep Mathrani

    Thor Equities is partnering with the mall real estate investment trust General Growth Properties to buy the office and retail building 685 Fifth Avenue from retailer Gucci for more than $475 million, sources told The Real Deal. [more]

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  • From left: Joe Sitt, 530 Fifth Avenue and Scott Rechler

    From left: Joe Sitt, 530 Fifth Avenue and Scott Rechler

    UPDATED, 5:45 a.m., June 20: Thor Equities just added some prime Fifth Avenue retail and office space to its portfolio. [more]

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  • 837 Washington Street

    837 Washington Street

    Samsung Electronics is close to leasing the entire building at 837 Washington Street in the Meatpacking District. [more]

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  • Sitt-220-W-57

    Joe Sitt and 218-220 West 57th Street (Photo credit: PropertyShark)

    The retail-focused Midtown investment firm Thor Equities is in contract to buy a four-story retail building across the street from Extell Development’s 1,550-foot tall skyscraper that is set to be home to the city’s first Nordstom on a rapidly transforming stretch of 57th Street. [more]

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  • From left:

    From left: 412 West 14th Street and Intersect by Lexus’ Tokyo location

    Luxury carmaker Lexus International has inked a deal for the entire three-story, 16,500-square-foot space in Thor Equities’ 412 West 14th Street. [more]

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  • mercer-premier

    25-27 Mercer Street and Premier’s Uzi Ben Abraham

    Premier Equities and Thor Equities jointly closed on the $22 million purchase of a pair of Soho mixed-use buildings from East End Capital.

    The five-story mixed-use building at 25 Mercer Street and the three-story, 10-unit building at 27 Mercer Street were officially sold Friday as part of a $33 million portfolio. Sportswear retailer Surface to Air occupies the ground floor of 27 Mercer. The five-story manufacturing building at 21 Mercer, which houses a stand-alone Nike Sportswear store on the ground floor, sold separately for $11 million to Thor and Premier late last year. All three properties entered contract last June, as The Real Deal reported. [more]

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  • From left: 36 East 61 Street and Joe Sitt

    From left: 36 East 61 Street and Joe Sitt

    Thor Equities is buying a townhouse at 36 East 61st Street in a deal that is supposed to close this summer, in a move that is reportedly unusual for the real estate development firm. [more]

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  • 335-Canal-Microsoft

    335 Canal Street, also known as 11 Greene Street (Photo credit: Microsoft)

    Jack Joseph Sitt, son of Thor Equities CEO Joe Sitt, partnered with the Canadian company Ruby Ventures to purchase a commercial ground lease at 335 Canal Street out of bankruptcy for $13.5 million. [more]

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  • thor-miami

    From left: Joe Sitt and Lyle Chariff

    From the South Florida site: Thor Equities just made its biggest investment in Miami’s Design District to date, The Real Deal has learned.

    The Manhattan-based investor paid $45.4 million for Sam Herzberg’s portfolio in the district. Thor’s acquisition of the five properties closed on Friday. Miami-Dade County has not recorded the all-cash transaction.

    The purchase adds more than 32,000 square feet to Thor’s growing assemblage in the district. The company has spent more than $76 million in four recent acquisitions. [more]

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  • 838-west-end

    Steven Vegh and 838 West End Avenue

    Joseph Sitt’s Thor Equities and Rockwood Capital closed on the acquisition of an Upper West Side rental property for $67 million.

    As of March, the buyers were in contract for the Zauderer family’s 70-unit, 108,000-square-foot complex at 838 West End Avenue, as The Real Deal reported. Westwood Realty Associates’ Steven Vegh brokered the deal. [more]

    3 Comments
  • sitt-coney

    From left: Joe Sitt and Dick Zigun

    Thor Equities owner Joe Sitt is getting complaints about the state of land under the firm’s ownership in the heart of Coney Island’s amusement district. [more]

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  • Joseph Sitt

    Joseph Sitt

    From the South Florida site: Thor Equities paid $15.8 million for the Baltus building in Miami’s Design District, county records show.

    The New York investor picked up the 3925 North Miami Avenue property on Friday, as previously reported by The Real Deal. No financing was recorded. Thor has spent more than $31 million in three recent Design District acquisitions. A Fifteen Group-led investment firm sold the property to Thor. The Miami-based company paid $3.7 million for the building in January 2012. [more]

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  • Joseph Sitt, co-founder and chairman of Town Residential and Founder and CEO of Thor Equities

    Joe Sitt, co-founder and chairman of Town Residential, founder and CEO of Thor Equities

    A tale of two cities is driving a booming retail, residential and office market, Joe Sitt, founder and CEO of Thor Equities, said on CNBC Tuesday. Click here to see the video.

    4 Comments
  • The Baltus building

    The Baltus building

    From the South Florida site: Thor Equities made another addition to its growing Design District portfolio with the purchase of the retail building occupied by high-end furniture company Baltus, The Real Deal has learned.

    The New York investor purchased the 3925 North Miami Avenue property on Friday, according to sources familiar with the transaction. The sources did not disclose the price. [more]

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  • From left: Renderings of 1 Soho Square and 837 Washington Street

    From left: Renderings of 1 Soho Square and 837 Washington Street

    Three old brick Manhattan office buildings are gearing up for 21st-century additions that are heavy on glass, amenities and roof decks. [more]

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  • NEST building (inset: David Edelstein)

    NEST building in Miami (inset: David Edelstein)

    From the South Florida site: Thor Equities continued building its portfolio in Miami’s Design District with a $9.6 million acquisition, while developer David Edelstein picked up two properties in the district for $10.6 million, The Real Deal has learned. [more]

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  • Sitt-Park

    Joe Sitt and 38 Park Row

    UPDATED: 7:30 a.m., April 5: Joe Sitt’s Thor Equities purchased a retail cooperative unit at 38 Park Row with frontage on Beekman and Nassau streets, across the street from City Hall Park in Lower Manhattan, the company told The Real Deal. Sources said the sale price was $11.08 million. [more]

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