The Real Deal New York

Posts Tagged ‘thor equities’

  • 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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  • From left: Renderings of 860 and 837 Washington Street and a Warby Parker store

    From left: Renderings of 860 and 837 Washington Street and a Warby Parker store

    Once home to hundreds of slaughterhouses and packaging plants, the Meatpacking District is undergoing a dramatic makeover, one that involves the construction of a number of sleek office towers. In turn, those new structures are attracting a whole new breed of upscale retail tenants into the area. [more]

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  • From left: 120 and 125 Riverside Drive

    From left: 120 and 125 Riverside Drive

    Blackstone Mortgage Trust issued a $65 million loan to a partnership formed by Thor Equities and GreenOak for the purchase of two Upper West Side buildings. The $85 million deal closed on March 11 with GreenOak financing the remaining $20 million. [more]

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  • Thor-UWS

    From left: Steven Vegh, 125 Riverside Drive, 120 Riverside Drive, Joe Sitt and Sonny Kalsi

    The Midtown-based landlord and development firm Thor Equities – along with joint venture partner GreenOak Real Estate — closed on the purchase of two Upper West Side rental buildings for $85 million from long-term owners yesterday. The acquisition was the first residential purchase for Thor since launching an apartment ownership and development division in October. [more]

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  • From left: 3995 North Miami Avenue in Miami and John Goldman of Halstead

    From left: 3995 North Miami Avenue in Miami and John Goldman of Halstead

    Halstead Property filed a $1.25 million suit against Thor Urban Investments, alleging the firm negotiated a $27 million real estate acquisition for a Miami property that was rejected in March 2013 — but was later agreed to for nearly double the price. [more]

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  • Joe Sitt

    Joe Sitt

    The New York market is fetching record prices and inventory is hitting an all-time low, Joe Sitt said on Bloomberg’s Street Smart Tuesday. Click here to see the video.

    3 Comments
  • From left: 520 Fifth Avenue now and a rendering of 520 Fifth Avenue

    From left: 520 Fifth Avenue now and a rendering of 520 Fifth Avenue

    Thor Equities has unveiled renderings for its planned Midtown mixed-use project at 520 Fifth Avenue — a slight departure from earlier designs. [more]

    2 Comments
  • sitt

    519 Broadway and Joseph Sitt

    C&K Properties tapped Thor Retail Advisors — the retail leasing arm of developer Thor Equities — as the sole leasing agent for a six-story, mixed-use Soho building at 519 Broadway, a spokesperson told The Real Deal exclusively.

    The property near Mercer Street features 23,200 square feet of retail, in addition to the 102,390 square feet of residential space. Thor Retail Advisors, formerly known as Thor High Street Advisors, aims to help the landlord secure luxury retailers for the vacant space. [more]

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  • Spiegelman-583-124

    From left: Gene Spiegelman, 583 Broadway (Photo credit: PropertyShark) and 124 Prince Street

    Rising retail rents are driving an ongoing acquisition frenzy in Soho, insiders say, and if the latest market data is to be believed, that activity should continue. [more]

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  • From left: Joseph Sitt, 425 West Broadway

    From left: Joseph Sitt, 452 West Broadway

    UPDATED, 3:25p.m., March 17:

    Joseph Sitt’s Thor Equities dished out $6 million for another Soho retail property: the former home of women’s apparel retailer Philosophy di Alberta Ferretti at 452 West Broadway between Prince and West Houston streets.

    The building features a glass facade spanning two stories. [more]

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  • From left: Joseph Sitt, 680 Madison Avenue and Qela's Doha flagship store

    From left: Joseph Sitt, 680 Madison Avenue and Qela’s Doha flagship store

    Qatari apparel retailer Qela has inked a 6,230-square-foot lease at Thor Equities’ 680 Madison Avenue — the brand’s first outpost in the U.S. and Thor’s first deal in the retail property purchased last year. [more]

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  • From left: Joseph Sitt and Domenic Recchia

    From left: Joseph Sitt and Domenic Recchia

    Thor Equities’ Joseph Sitt has ponied up funds for City Council member Domenic Recchia’s bid to win a congressional seat. Sitt made a personal donation of $5,200 – the maximum amount stipulated by campaign finance laws – to Recchia, and Sitt’s wife, Betty, donated the same amount. [more]

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  • From left: Thor's Joseph Sitt and 545 Madison Avenue

    From left: Thor’s Joseph Sitt and 545 Madison Avenue

    Thor Equities has closed on the leasehold for 545 Madison Avenue, an office and retail tower between East 53rd and East 54th streets. [more]

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  • 30-bond

    Joseph Sitt and 30 Bond Street

    Thor Equities is moving onward and upward from the popular domain of Soho, with its first acquisition in Noho.

    The Joseph Sitt-led firm snatched up a retail site at 30 Bond Street, between Bowery and Lafayette Street, for $3 million. The ground-floor space covers 2,200 square feet, as well as an extra 800 square feet in the basement. [more]

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  • From left: Joseph Sitt, 120 Riverside Drive and 125 Riverside Drive

    From left: Joseph Sitt, 120 Riverside Drive and 125 Riverside Drive

    Thor Equities’ residential division is in contract to purchase two Upper West Side apartment buildings for more than $80 million. [more]

    5 Comments
  • Richard Farley

    Richard Farley

    Boutique real estate firm Handler Real Estate Organization has hired former Thor Equities exec Richard Farley — also formerly of RFR Realty, SL Green Realty and ABS Partners Real Estate — as its newest executive vice president and COO, Handler said.

    Farley will oversee the firm’s growing brokerage division in his new post, handing the recruitment and hiring of brokers, strategic planning and implantation and mentoring the firm’s younger folks, the firm said. [more]

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  • 1231-third

    1231 Third Avenue and Thor’s Melissa Gliatta

    Joe Sitt’s commercial real estate firm Thor Equities paid $52.5 million for a four-story, 33,300-square-foot building that has housed family-run food merchant Grace’s Marketplace for 30 years, according to property records filed with the city today.

    Upper East Side landlord Allen Realty Company sold the mixed-use property at 1231-1237 Third Avenue at 71st Street. [more]

    1 Comment
  • 530-Sitt

    530 Broadway and Joe Sitt

    Camping and hiking chain Eastern Mountain Sports is accusing a company controlled by investor Joe Sitt of unfairly refusing to allow it to assign a lease at 530 Broadway in Soho to an Italian fashion company. EMS is seeking at least $10 million in damages.The New Hampshire-based sport and recreation retailer filed the lawsuit Friday in New York State Supreme Court, after Sitt’s Thor Equities withheld consent to assign the lease to the women’s fashion chain Brandy Melville. [more]

    3 Comments
  • Thor to launch residential division

    October 23, 2013 04:00PM
    From left: Joseph Sitt and Jonathan Fishman

    From left: Joseph Sitt and Jonathan Fishman

    Joseph Sitt is partnering with Alan Klein and Jonathan Fishman, both formerly of Stonehenge Partners, to launch Thor Equities’ new residential division.

    The division will focus on acquisitions and development of residential properties. [more]

    3 Comments
  • 725 Eighth Avenue

    725 Eighth Avenue

    Thor Equities has made another grab along Eighth Avenue, paying more than $12 million for a retail condominium between 45th and 46th streets.

    The two-story, 7,000-square-foot retail property at 725 Eighth Avenue includes a basement, ground floor, second level and two mezzanines. [more]

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