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BlackRock

55 East 52nd Street, Park Avenue Plaza
New York, NY 10055
institutional.inquiries@blackrock.com
Website
BlackRock
BlackRock
BlackRock is the worlds largest assets manager as well as a top firm for investment and risk management. Its total assets in spring 2014 totaled more than $4 trillion and its revenue more than $10 billion. The firm has used this windfall to invest in major real estate deals in New York City and elsewhere. BlackRock most famously partnered with Tishman Speyer on the doomed purchase of the Stuyvesant Town and Peter Cooper Village apartment complexes in 2006 in what was then the biggest property trade ever (the partners eventually defaulted on loans tied to the $5.4 billion purchase). BlackRock has also partnered with Harry Macklowe, Pimco and the California Public Employees Retirement System on New York real estate. Whats sometimes called the worlds largest investor started modestly enough in 1988 as a wing of investment giant Blackstone. It eventually went independent, and then went public, under current chairman and CEO Leonard Fink. The firm is headquartered in 55 East 52nd Street.
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Untitled-2
07/06/16
...AllianceBernstein, which is looking for at least 600,000 square feet, and BlackRock, which is seeking at least 500,000 square feet, according to  industry...

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The morning after Britain’s shock vote to leave the European Union, global markets are in freefall, with some economists already predicting a new global recession....

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05/04/16
Larry Silverstein hasn’t officially decided what 2 World Trade Center will look like, but he favors Bjarke Ingels Group’s design. Tags: Bjarke Ingels, Larry Silverstein ...

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03/03/16
...giant Samsung, global bank Deutsche Bank and private equity firm BlackRock, according to published reports and interviews with brokers. By comparison...

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03/01/16
...L&L Holding's Robert Lapidus and BlackRock...


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02/05/16
Ziel Feldman’s HFZ Capital Group is looking to raise around $250 million in EB-5 funds for its latest High Line condo development at 518 West...

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02/02/16
Miami-based developer Crescent Heights withdrew plans for a $337.5 million condominium conversion on the Upper East Side, a neighborhood that’s experiencing a residential construction boom...

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01/25/16
UPDATED: Jan. 26, 11:56 a.m.: Pershing Square Capital Management and Winthrop Realty Trust are suing CWCapital for $500 million, claiming they got bilked out of...

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In October, when news broke of the sale of Stuyvesant Town-Peter Cooper Village to the Blackstone Group and Ivanhoe Cambridge, most news outlets reported a...

01/05/16
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The city’s largest single-asset real estate transaction in nearly a decade may be a done deal, but behind the scenes the battle wages on for...

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12/21/15
The sale of Stuyvesant Town to the Blackstone Group and Ivanhoe Cambridge closed on Friday, but not without some heavy drama behind the scenes. Tags:...

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11/12/15
Four investors in Stuyvesant Town Peter Cooper Village are suing CWCapital and Wells Fargo, looking to prevent CWC from reaping an alleged “windfall” of more...

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...From left: Larry Fink of BlackRock Realty and Jerry Speyer of Tishman Speyer Years before famously...

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...sold Stuy Town to developer Tishman Speyer and fund manager BlackRock, who planned to aggressively convert units to market-rate. Families of...

Stuyvesant Town and Peter Cooper Village
10/24/15
...estate appears to be profound. Tishman and its investment partner, BlackRock Realty, agreed in January to hand over the keys to...

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10/21/15
...Stuyvesant Town (inset: Larry Fink) BlackRock...

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10/18/15
CW Capital Asset Management is preparing to sell Stuyvesant Town-Peter Cooper Village. The loan servicer, which controls Stuyvesant Town on behalf of bondholders, has tapped...

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10/16/15
The husband of the city consumer affairs commissioner and his real estate partners improperly tried to force tenants out of an Upper East Side apartment building to...

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For more than 10 years, Korman Communities has operated five extended-stay hotels in New York City under its AKA brand. Now, the Korman family wants...
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BlackRock, Chairman, Global Real Estate Business
55 East 52nd Street, New York, NY, 212-810-5300
Jack Chandler is chairman of the global real estate business at BlackRock, the...
BlackRock, Chairman and CEO
55 East 52nd Street, New York, NY, 212-810-5300
Laurence Fink is chairman and chief executive officer of BlackRock Inc., the worlds...
BlackRock, Vice President, Real Estate Acquisitions
55 East 52nd Street, New York, NY, 212-810-5300
Chris Lackett is vice president for real estate acquisitions at BlackRock, the worlds...
BlackRock, Vice President
55 East 52nd Street, New York, NY, 212-810-5300
Eloisa Kasper is a vice president at BlackRock, where she has held various...
BlackRock, Director of Global Data Center Operations and Construction Manager
55 East 52nd Street, New York, NY, 212-810-5300
Joshua Vallario is director of global data center operations and construction manager at...
BlackRock, Director, BlackRock Alternative Solutions
55 East 52nd Street, New York, NY, 212-810-5300
Arnab Mazumdar is a director at BlackRock Alternative Solutions, where he designs and...
BlackRock, Business Manager, COO Team
55 East 52nd Street, New York, NY, 212-810-5300
Joseph T. Kang is a business manager in BlackRock Real Estates COO team...
BlackRock, Managing Director
55 East 52nd Street, New York, NY, 212-810-5300
Ted Stratigos is a managing director at BlackRock, where he leads the platform...
BlackRock, Managing Director, Global Head of AUM Reporting
55 East 52nd Street, New York, NY, 212-810-5300
Avi Masry is a managing director and global head of AUM reporting at...
BlackRock, Managing Director
55 East 52nd Street, New York, NY, 212-810-5300
Don Benningfield is a managing director of real estate at BlackRock, the worlds...
  • Event Office Leasing
  • Address 55 East 52nd Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 31,000
notes
The financial planner signed an eight-year expansion lease to occupy the entire 27th floor.
  • Event Sales
  • Address 428 West 14th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 47,300
  • Price $ 65,000,000
notes
The property sold for $65 million. The building, which has 9,460 square feet of retail space, is 100 percent occupied by office and retail tenants.
  • Event Office Leasing
  • Address 430 West 14th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 1,392
  • Price per foot $ 55.00
notes
The executive search firm signed a five-year, three-month lease.
  • Event Office Leasing
  • Address 1039 Third Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 600
  • Price per foot $ 200.00
notes
The jeweler signed a 10-year lease.
  • Event Retail Leasing
  • Address 1144 Third Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 2,200
notes
The fashion retailer signed a lease. The reported asking rent was $225 per square foot.
  • Event Sales
  • Address 10 West 74th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 38,000,000
  • Publication Date 12/01/2009
  • Event Date 10/22/2009
  • Party 1 BlackRock Diamond Property Fund
  • Party 1 Brokerage CBRE
  • Party 1 Broker Darcy Stacom
  • Party 2 West 74 LLC
notes
The property sold for $38 million. The seller originally acquired the building in 2006 for $45 million.
  • Event Office Leasing
  • Address 600 Third Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 4,139
  • Publication Date 02/01/2009
  • Event Date 12/23/2008
  • Party 1 Blackrock
  • Party 2 JFE Steel America
  • Party 2 Brokerage Grubb & Ellis
  • Party 2 Broker Barrett Stern
notes
The dealer of steel materials signed a lease.
  • Event Retail Leasing
  • Address 430 West 14th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 1,000
notes
The apparel retailer signed a lease.
  • Event Office Leasing
  • Address 430 West 14th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 1,388
  • Publication Date 12/01/2008
  • Event Date 10/22/2008
  • Party 1 Blackrock Realty
  • Party 1 Brokerage Grubb & Ellis
  • Party 1 Broker Alan Weisman, Stephen Siegel, Frank Mancini
  • Party 2 Creative Film Management
notes
The film production company leased space.
  • Event Retail Leasing
  • Address 142 West 57th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Publication Date 06/01/2008
  • Event Date 04/22/2008
  • Party 1 L&L Holding Company, Blackrock Realty
  • Party 1 Brokerage CBRE
  • Party 1 Broker Michael Blum
  • Party 2 Milos, Estiatorio
notes
The tenant signed a lease to open a takeout branch of its seafood restaurant.
  • Event Financing
  • Address 545 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Publication Date 03/01/2008
  • Event Date 01/21/2008
  • Party 1 LCOR Incorporated, Blackrock
  • Party 2 KeyBank
notes
A $60.7 million construction loan and an $11 million line of credit were provided for an office redevelopment project. The new building is expected to gain a LEED Gold rating and is scheduled for completion in mid-2008. 17-story office building.
  • Event Sales
  • Address 530 Park Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 180,000
  • Price $ 211,000,000
  • Publication Date 08/01/2007
  • Event Date 06/22/2007
  • Party 1 Katz Family
  • Party 2 Blackrock Realty Advisors
notes
The 139-unit rental building sold for $211 million, or $1.51 million per rental unit, in one of the most expensive per-unit sales to date. The per-square-foot price was $1,192.
  • Event Office Leasing
  • Building Name Park Avenue Plaza
  • Address 55 East 52nd Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 150,000
notes
Blackrock subleased the space from the Dutch financial firm.
  • Event Sales
  • Address Stuyvesant Town, Peter Cooper Village
  • Neighborhood #VALUE!
  • Borough Manhattan
  • Price $ 5,400,000,000
  • Price per foot $ 480,000.00
notes
The partnership agreed to pay $5.4 billion, or $480,000 per unit, for the 80-acre, 110-building complex. The deal is reportedly the most expensive real estate transaction in US history to date.
  • Event Sales
  • Address 545 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 140,000
notes
A 75-year ground lease was structured for the vacant building. LCOR and its partners intend to undertake a gut renovation of the property, with construction expected to begin in early 2007. Occupancy is slated for spring 2008. Price n/a.
  • Event Sales
  • Building Name The Westminster
  • Address 165 East 66th Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Price $ 154,000,000
  • Publication Date 09/01/2006
  • Event Date 07/23/2006
  • Party 1 Nagel family
  • Party 1 Brokerage CBRE
  • Party 1 Broker Darcy Stacom, William Shanahan
  • Party 2 CalPERS, Blackrock
notes
The pension fund is said to have acquired the property for a total of $154 million ($30 million plus $124 million for the assignment of the lease), or $1 million per unit.
  • Event Sales
  • Building Name The Wellington
  • Address 200 East 62nd Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Price $ 173,000,000
  • Publication Date 09/01/2006
  • Event Date 07/23/2006
  • Party 1 Nagel Family
  • Party 1 Brokerage CBRE
  • Party 1 Broker Darcy Stacom, William Shanahan
  • Party 2 CalPERS, Blackrock
notes
The pension fund is reported to have acquired the property for a total of $173 million ($28 million plus $145 million for the assignment of the lease), or $1.5 million per unit.
  • Event Sales
  • Address 30 Park Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Price $ 97,000,000
  • Publication Date 11/01/2005
  • Event Date 09/22/2005
  • Party 1 Rudin family
  • Party 1 Brokerage Eastdil Secured
  • Party 1 Broker Douglas Harmon
  • Party 2 Blackrock, CalPERS
notes
The 236,000-square-foot Emory Roth & Sons-designed building sold for $97 million. About 70 percent of the units are rent-stabilized. Condo conversion is likely.
Queens, 11375
Blackrock Realty Advisors, NEW YORK APARTMENT PO
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Blackrock Realty Advisors, New York Apartment Po
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Blackrock Realty Advisors, New York Apartment Po
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Blackrock Realty Advisors, New York Apartment Po
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Manhattan, 10033
Blackrock Realty Advisors, New York Apartment Po
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Blackrock Realty Advisors, New York Apartment Po
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Manhattan, 10011
Blackrock Realty Advisors, 56 7Th Avenue LLC
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Manhattan, 10024
Blackrock Realty Advisors, New York Apartment Po
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