The Real Deal New York

Posts Tagged ‘thor equities’

  • 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
  • From left: Joseph Sitt, 840 West End Avenue on the Upper West Side and Steven Vegh

    From left: Joseph Sitt, 840 West End Avenue on the Upper West Side and Steven Vegh

    UPDATED, 10:30 a.m., September 24: Joseph Sitt’s Thor Equities just picked up a rental building on the Upper West Side for $37.4 million, The Real Deal has learned. The deal for the 47,800-square-foot property at 840 West End Avenue comes with 13,000 square feet of unused air rights, and is the fourth acquisition in the neighborhood for Thor’s new residential division. [more]

    12 Comments
  • From left: the Porsche 911 coupe and 446 West 14th Street

    From left: the Porsche 911 coupe and 446 West 14th Street

    Among the Christian Louboutin shoes and the Tory Burch bags, shoppers in the Meatpacking District will temporarily be able to buy something  altogether different in a new 4,400-square-foot pop-up store: a special edition Porsche 911 coupe. [more]

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  • 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]

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  • 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]

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  • Gary Barnett and 157 West 57th Street

    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.

    Silverstein Properties, Thor Equities, Friedman Management, Fisher Brothers and Extell Development Company have come under fire and were hit with subpoenas from the Moreland Commission as part of an investigation into public corruption before the agency was suspended in March. But of the five, only Extell and Friedman have actually secured the 421-a exemptions thus far, the New York Observer reports. [more]

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  • 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]

    1 Comment
  • 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]

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  • 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]

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  • 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]

    6 Comments
  • 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]

    1 Comment
  • 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]

    4 Comments
  • 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]

    3 Comments
  • 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]

    1 Comment
  • 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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