The Real Deal New York

Posts Tagged ‘witkoff group’

  • Olshan

    Clockwise from top left: 150 Charles Street in the West Village, 1125 Park Avenue and 245 West 99th Street on the Upper West, and 212 Warren Street in Battery Park

    Manhattan’s luxury residential market maintained its relatively tepid pace. A total of 13 contracts were signed this week at $4 million and above, only a slight improvement over last week’s paltry total of 10, according to Olshan Realty’s weekly market report. [more]

  • From left: Ife Chan,

    From left: Ifei Chang, Shang Dai, Eliot Spitzer, Steve Witkoff, John Liang and Stan Gale Jr. (Photo: Zak Agha)

    New York City and China’s biggest developers dished on joint ventures, EB-5 financing and the importance of good partners in a no-holds-barred chat at The Real Deal’s inaugural U.S. Real Estate Showcase & Forum in Shanghai.

    Speaking on Friday’s headline development panel, Spitzer Enterprises’ Eliot Spitzer, Steve Witkoff of Witkoff, Greenland USA’s Ifei Chang, Xinyuan Real Estate’s John Liang, Kuafu Properties’ Shang Dai and Gale International’s Stan Gale Jr. also touched upon overcoming the cultural differences between the U.S. and China. [more]

  • Oh-We're-Half-Way-There

    150 Charles Street and Jon Bon Jovi

    He’ll “never say goodbye” – to New York City, that is.

    On the heels of selling his $34 million Soho penthouse, rocker Jon Bon Jovi closed on a $12.9 million condo at the Witkoff Group’s 150 Charles Street on Aug. 27, according to documents that hit public records Thursday. [more]

  • SteveWitkoff150Charles

    From left: Steve Witkoff and renderings of 150 Charles Street in West Village

    It took just 12 weeks for developer Steve Witkoff to sell out 150 Charles when the 91-unit West Village condominium building launched in 2013. Two years later, a handful of units are back on the market after the developer offered buyers the rare option of flipping their contracts, The Real Deal has learned. [more]

  • Renderings of 111 Murray Street in Tribeca (credit: KPF) (inset: Winston Fisher, left, Howard Lorber, right)

    Renderings of 111 Murray Street in Tribeca (credit: KPF) (inset: Winston Fisher, left, Howard Lorber, right)

    Plans for Witkoff, Fisher Brothers and Howard Lorber’s Tribeca condo tower at 111 Murray Street have shifted slightly, calling for a building that is four stories shorter, with 18 more units. [more]

  • 1 Park Lane

    Rendering of 1 Park Lane at 36 Central Park South (credit: Witkoff via New York YIMBY)

    Renderings and additional details for Witkoff’s 1 Park Lane – its redevelopment of the Helmsley Park Lane Hotel at 36 Central Park South – are now out, with the building slated to stand 1,210 feet tall. [more]

  • 111 Murray Lorber Witkoff Fisher

    111 Murray Street (Inset, from left: Howard Lorber, Steven Witkoff and Winston Fisher)

    UPDATED, 5:23 p.m., May 22: Witkoff, Fisher Brothers and Howard Lorber have wooed a Chinese insurance company to fund their Tribeca condominium project at 111 Murray Street, The Real Deal has learned. [more]

  • Zuckerman Witkoff

    From left: Mort Zuckerman and Steve Witkoff

    Developer Steve Witkoff is expected to lodge a bid for Mort Zuckerman’s New York Daily News, according to reports.

    The newspaper, owned by Boston Properties executive chair Zuckerman, faces a preliminary May 18 auction deadline and Witkoff is said to be one of three bidders for the publication. [more]

  • Dean Skelos

    From left: Rob Speyer, Steve Witkoff, Charles Dorego and Dean Skelos

    Tishman Speyer, Glenwood Management and the Witkoff Group are among the major New York City real estate developers enmeshed in the Dean Skelos and Sheldon Silver criminal cases this year. [more]

  • Rendering of 101 Murray Street in Tribeca (credit: KPF)

    Rendering of 101 Murray Street in Tribeca (credit: KPF)

    Fisher Brothers, Witkoff and Howard Lorber plan to launch sales soon at their new Tribeca residential tower. [more]

  • From left: Steve Witkoff, 40 West 57th Street and Richard LeFrak

    From left: Steve Witkoff, 40 West 57th Street and Richard LeFrak

    Steve Witkoff is shifting shop to the LeFrak Organization’s 40 West 57th Street in the Plaza District, The Real Deal has learned.   [more]

  • Times-Square

    From left: 721 Seventh Avenue, 152 West 49th Street and 163-165 West 48th Street (Photo credit: Google)

    The Japan-based Rockefeller Group Development gave up long-held plans to build another skyscraper at Seventh Avenue between 48th and 49th streets with the sale of two parcels for $49 million, city records show. [more]

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  • From left: Steven Witkoff and David Lichtenstein

    From left: Steven Witkoff and David Lichtenstein

    The Witkoff Group’s Steven Witkoff and David Lichtenstein of the Lightstone Group are gearing up to follow Extell’s Gary Barnett by tapping the Israeli capital markets for debt.

    Both developers are reportedly mulling bond offerings expected to generate 500 million shekels, or $141.6 million, each. Should Lichtenstein’s plans move forward, it would mark the eighth such offering by an American property developer on the Israeli market in recent months, according to Haaretz. [more]

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  • herald-center

    Rendering of LED display at 1328 Broadway

    Vornado Realty Trust, the Witkoff Group, JEMB Realty and other developers are going all out when it comes to LED displays at their upcoming projects.

    The LED canvasses are more environmentally friendly than an illuminated billboard, but can be more costly. The displays cost as much as $1,000 per square foot. Vornado plans to construct a six-story sign as part of its $140 million retail overhaul of the Marriott Marquis Times Square Hotel at 1535 Broadway. The Witkoff Group is adding a 18,000-square-foot LED sign at the Marriott Edition Hotel in Times Square. [more]

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  • winthrop

    Michael Ashner and Times Square Edition

    The CEO of Boston-based Winthrop Realty Trust, an investor in the Witkoff Group-developed Times Square Edition hotel, said last week that it plans to liquidate the company.

    Over the next two years, Michael Ashner’s commercial real estate investment trust will sell off all of its assets. Ashner said the risks are too abundant in trying to find a good deal in the recovering market. Winthrop regularly acquires small stakes in large deals, some leading to lawsuits. Ashner and investor Bill Ackman attempted to foreclose on Stuyvesant Town and Peter Cooper Village after the landlords defaulted on $4.4 billion in debt in 2010. [more]

  • witkoff

    From left: A rendering of the $35 million penthouse at 10 Madison Square West (Credit: Rode) and Steve Witkoff

    Why settle for just one ostentatious penthouse when, with a little creativity, you could easily have another? Steven Witkoff’s 10 Madison Square West is combining two apartments to create a full-floor apartment on the 22nd floor, which will hit the market today asking $35 million. [more]

  • Rendering of 22 Thames Street

    Rendering of 22 Thames Street

    A skyscraper the Fisher Brothers and the Witkoff Group are erecting in Lower Manhattan will be the tallest residential addition in the neighborhood, according to city records.

    If built as planned, the skyscraper would rise higher than several other towers currently under construction in the area. Filings with the Department of Buildings show that the 70-story building at 22 Thames Street is slated to be 960 feet tall and would contain 359,130 square feet of space, New York Yimby reported. The plans call for rental units instead of condominiums, bucking the trend for luxury condo towers like Alexico Group’s nearby 56 Leonard Street, previously expected to be Tribeca’s tallest tower, and Larry Silverstein’s 30 Park Place. [more]

  • From left:

    From left: 56 Leonard Street, 150 Charles Street and Walker Tower

    Developers are taking advantage of New Yorkers’ desire for green space by maximizing the amount of “outdoor living” a space offers — and then charging a premium for it. [more]

  • 10 Madison Square West

    10 Madison Square West

    The Witkoff Group and Morgan Stanley Real Estate Investing have sold a 20,676-square-foot retail condominium at 10 Madison Square West to private equity and asset management firm Savanna for $60 million.

    The sale comes as the Witkoff and Morgan Stanley team is in the process of redeveloping the 16-story building into a 23-story luxury condominium. About 85 percent of the 125 units are already sold. Upon completion of the work, the retail space in the building will feature roughly 12,000 square feet of corner ground floor and basement space. [more]

  • hoffman-auto-showroom-1955-Esto

    Hoffman Auto Showroom at 430 Park Avenue in 1955 (Credit: Esto)

    year_in_review The conclusion of another year marks the loss of the latest batch of landmarked buildings and longstanding, lived-in real estate in the New York City area. Some owners caved to the pressures of widespread redevelopment — and others found their properties literally caving. Read on for a look back at some of the sites that have disappeared — or are set to vanish. [more]