The Real Deal New York

Posts Tagged ‘thor equities’

  • 2 West 47th Street and Extell's Gary Barnett

    2 West 47th Street and Extell’s Gary Barnett

    A published report claims that Extell Development Company plans to open a hotel on West 47th Street. [more]

  • 20140812_Sitt_Carlton

     Joseph Sitt and the Carlton House

    Thor Equities has refinanced a block-long retail condominium at the Carlton House, which it purchased from Extell Development last year for $277 million.

    Morgan Stanley has issued a $175 million first mortgage on the retail space at 680 Madison Avenue, the New York Observer reported. Thor previously took out a $115 million mortgage on the property, according to the website. [more]

  • From left: Extell's Gary Barnett, 157 West 57th Street, 86 Trinity Street and Fisher Brothers' Arnold Fisher

    From left: Extell’s Gary Barnett, 157 West 57th Street, 86 Trinity Street and Fisher Brothers’ Arnold Fisher

    Of the five luxury housing developers for whom controversial tax break measures were crafted in January 2013, only two have actually applied for and received the credits, according to Department of Housing Preservation and Development data. [more]

  • From left: Joseph Sitt, 24 West 40th Street, 45 West 45th Street and 145 West 45th Street

    From left: Joseph Sitt, 24 West 40th Street, 45 West 45th Street and 145 West 45th Street

    Joseph Sitt is buying three Midtown office buildings. [more]

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  • Joseph Sitt, 88 Greenwich Street and Andrew Heiberger

    Joseph Sitt, 88 Greenwich Street and Andrew Heiberger

    Joseph Sitt’s Thor Equities now has full control of a $25 million commercial condominium at 88 Greenwich Street, after purchasing the remaining 50 percent stake in the property from Andrew Heiberger’s Buttonwood Development for about $12.5 million. Heiberger and Sitt are partners in Town Residential. [more]

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  • From left: Valentino, 693 Fifth Avenue and Joe Sitt

    From left: Valentino, 693 Fifth Avenue and Joe Sitt

    Fifth Avenue’s latest high-end tenant has moved in. [more]

  • Chera-452-11-Lundgren

    From left: Stanley Chera, 452 Fulton Street, 11 Hoyt Street, Terry Lundgren (Headshot photo by Shutterstock)

    “All that volume of space and property in the Borough of Brooklyn, County of Kings, City and State of New York, which lies between the horizontal planes, the elevations of which are 24.96 feet and 43.87 feet…”

    So begins the description of an unusual, quietly-held and — insiders say — extremely valuable stake the Chera family’s Crown Acquisitions owns in the Macy’s garage at 11 Hoyt Street, between Fulton and Livingston streets. The parking facility sits across Hoyt from the Macy’s flagship Brooklyn department store at 422 Fulton Street. [more]

  • 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]

  • 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]

  • 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]

  • 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]

  • 837 Washington Street

    837 Washington Street

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

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]