The Real Deal New York

Posts Tagged ‘ziel feldman’

  • From left: Ziel Feldman, 518 West 18th Street and Darcy Stacom

    Updated 5:34, Nov. 26: Ziel Feldman’s HFZ Capital Group is in contract to buy one of the most sought-after development sites in West Chelsea, The Real Deal has learned – a transaction worth somewhere in the neighborhood of $650 million.  [more]

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  • From left: HFZ's Ziel Feldman and 301 West 53rd Street

    From left: HFZ’s Ziel Feldman (Credit: STUDIO SCRIVO) and 301 West 53rd Street

    From the November issue: With fewer development sites than ever to choose from, especially in Manhattan, developers are returning to a strategy that served them well before the real estate bust: rental-to-condo conversions. Just as in previous cycles, rising land prices and a shortage of buildable land are key motivators for the increased focus on conversions amid a hot condo market. [more]

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  • HFZ's Ziel Feldman and 90 Lexington Avenue

    HFZ’s Ziel Feldman and 90 Lexington Avenue

    Ziel Feldman’s HFZ Capital Group is asking a Manhattan Supreme Court judge to award it access to 126 East 27th Street, a five-story residential building adjacent to the developer’s LexLofts site, so that it can begin construction on a new condominium conversion project at 90 Lexington Avenue.

    Lawyers for the development firm filed for the order Tuesday. The measure would enable HFZ to install required safety protections such as vibration devices and conduct a site survey at the LexLofts site ahead of an 18-month conversion of the 13-story rental building at Lexington Avenue and East 27th Street, according to court documents. [more]

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  • 11-beach

    Interior rendering of 11 Beach Street in Tribeca (Inset: Ziel Feldman)

    Developer Ziel Feldman’s HFZ Capital Group kicked off sales today for the 10-story Tribeca condo building at 11 Beach Street. [more]

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  • hfz-capital

    From left: 3-7 West 29th Street and 8-14 West 30th Street (Inset: Ziel Feldman)

    Developer Ziel Feldman’s HFZ Capital filed permits last week to tear down the first of three buildings in NoMad to make way for a proposed 350,000-square-foot mixed-use tower, according to Department of Buildings records. [more]

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  • 20-E-40-Feldman

    From left: Rendering of 20 West 40th Street, parking lot at site (Photo credit: Google) and Ziel Feldman

    Ziel Feldman’s HFZ Capital Group filed plans last week for a Bryant Park mixed-use project where another developer once planned to build the city’s largest green hotel. [more]

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  • Shore Club hotel

    Shore Club hotel

    From the South Florida site: An affiliate of Ziel Feldman’s HFZ Capital Group has acquired the historic Shore Club hotel in South Beach in a $175.3 million transaction, The Real Deal has learned.

    New York-based Philips South Beach filed a special warranty deed transferring ownership of the 1901 Collins Avenue property to another New York company, Shore Club Property Owner, on Monday, according to Miami-Dade County records. The county recorded the deed on Tuesday. [more]

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  • Feldman-Retail

    From left: Ziel Feldman, 301 West 53rd Street (Photo credit: Google) and 235 West 75th Street (PropertyShark)

    Midtown-based investment fund Madison Capital paid $130 million yesterday for two retail assets — one on the Upper West Side and another in Hell’s Kitchen — owned by Westbrook Partners, as part of a transaction that included HFZ Capital Group, sources close to the deal told The Real Deal. [more]

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  • Ziel-Feldman,-88-Lexington

    Ziel Feldman and 88 Lexington Avenue

    Bucking a Manhattan trend toward larger units, Ziel Feldman’s HFZ Capital Group has filed a proposal to convert a Nomad rental building into condominiums featuring a top floor of five studio penthouses.

    Midtown-based HFZ submitted an application with the New York State Attorney General’s office on Nov. 26 to convert the 177-unit rental building at 88 Lexington Avenue into a condo tower with the same number of units. [more]

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  • 344 West 72nd Street and Ziel Feldman (inset_

    344 West 72nd Street (inset: Ziel Feldman)

    Not to be outdone by plans to top the nearby Apthorp with four penthouses, HFZ Capital wants to add additional floors to tony Upper West Side rental building the Chatsworth. [more]

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  • Ziel Feldman and Waldwick Splash Park

    Ziel Feldman and Waldwick Splash Park

    Ziel Feldman’s HFZ Capital Group has paid just under $22 million for a sports complex in the upscale New Jersey town of Waldwick. The 146,661-square-foot complex is fully leased and includes a 79,200-square-foot “superdome” for indoor sports as well as four sport fields. [more]

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  • Ziel Feldman and the Astor at 235 West 75th Street

    Ziel Feldman and the Astor at 235 West 75th Street

    Ziel Feldman’s HFZ Capital will pay $600 million for Westbrook Partners’ four-building, 750-apartment Manhattan rental portfolio, the Wall Street Journal reported. [more]

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  • Ziel Feldman and the Setai Wall Street

    Ziel Feldman and the Setai Wall Street

    The Setai Wall Street board is suing Zamir Equities, its principals and Ziel Feldman’s HFZ Capital for $5 million for what it contends are construction defects at the luxury condominium, the New York Post reported. [more]

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  • Ziel Feldman (Credit: STUDIO SCRIVO)

    Ziel Feldman (Credit: STUDIO SCRIVO)

    From the July issue: Ziel Feldman is the founder of investment and development company HFZ Capital Group and the chairman of Polar Investments. A graduate of Queens College and Cardozo Law School, Feldman has bought, sold and developed over 10,000 residential units over the course of his career. Prior to launching HFZ in 2005, he was a principal at the national development firm Property Markets Group, which bought and rehabbed the 226-unit Belnord apartment building in 1994. HFZ recently launched sales at the Marquand, a new 40-unit condo project at 11 East 68th Street, where prices start at $15 million. The company will soon bring to market a new 123-unit condo project at 303 East 51st Street in Turtle Bay, on the site of a deadly 2008 crane collapse. [more]

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  • newhart-house

    Bob Newhart’s backyard in Los Angeles

    Anthony Malkin lets Yeah Yeah Yeahs shoot the first music video at Empire State Building to up cool quotient. Ziel Feldman shoots for “oasis of calm in Midtown Manhattan” with Halcyon condos. Bob Newhart tries again to sell Los Angeles home — this time for $15.5 million. Two-family Bed-Stuy home sold for $1.7 million. Am Properties Of NY, 24 Plaza make progress on LIC subsidized rental project. Read these stories and more after the jump.

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  • alternate<br /></a>text
    New York Developers party poolside at the Bellagio hotel

    The International Council of Shopping Centers’ four-day RECon retail convention and party marathon wraps up today in Las Vegas. Though some brokers told The Real Deal that the show felt busier than last year — and attendance rose — many said the velocity of deals seemed slower. See photos after the jump. … [more]

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  • From left: Ziel Feldman and Barry Farchi

    Two boutique Manhattan commercial brokerage firms are suing the sellers of a high-profile Bryant Park development for up to $4.98 million for a commission that they claim they were denied when HFZ Capital Group, one of the sellers, spearheaded an inside deal for the same $83 million price. [more]

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  • HFZ sells Bryant Park site for $83M

    March 07, 2013 12:30PM

    Ziel Feldman and 20 West 40th Street (building photo: PropertyShark)

    HFZ Capital Group has sold the site of a new condo-hotel development at 20 West 40th Street, adjacent to Bryant Park, for $83 million, according to reports. However, HFZ founder Ziel Feldman will still be involved in developing the project, the New York Post reported. [more]

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  • HFZ sued for $12M by former broker

    February 28, 2013 03:00PM

    Jacqueline Finkelstein and Ziel Feldman

    HFZ Capital Group is facing a $12 million breach of contract lawsuit from Jacqueline Finkelstein, a former senior vice president who claims the developer bypassed her on several real estate financing deals she procured and then purportedly fired her after she protested.

    Finkelstein claims she arranged the financing for several deals — including the $170 million acquisition of 11 East 68th Street with Vornado Realty Trust in January 2012 — but was later frozen out of her share of commissions, according to a lawsuit filed Feb. 21 in New York State Supreme Court. [more]

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  • From left: 11 and 3 West 29th Street and Ziel Feldman

    Developer Ziel Feldman’s HFZ Capital Group is negotiating with the centuries old Collegiate Church to form a joint venture to develop a 350,000-square-foot mixed-use tower in NoMad, half a block from the popular Ace Hotel, sources familiar with the deal told The Real Deal.

    The Collegiate Church “is in conversations with Ziel Feldman,” one source with knowledge of the process, said. [more]

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