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Crown Acquisitions

767 Fifth Avenue
New York, NY
(212) 563-6400
Website
info@cacq.com
Crown Acquisitions
Crown Acquisitions
Crown Acquisitions is a major owner and developer of retail properties in New York City, focusing on large redevelopment project were it helps to add value and then it and its partners sell the asset. Its major projects in the city have included the acquisition and repositioning of the retail condo at 666 Fifth Avenue; the re-tenanting of Herald Center; the acquisition and repositioning of the retail condo at 717 Fifth Avenue; and the acquisition and re-tenanting of 600 Broadway in Soho. In spring 2013, too, Crown partnered with Vornado Realty, Oxford Properties and Highgate Holdings to buy the 600,000-square-foot Class A office tower at 650 Madison Avenue for $1.3 billion, the most ever paid to that point on a per-square-foot basis for a U.S. office building. Crown also controls 103 Prince Street, site of the downtown Manhattan Apple store. The firm has its roots in retail in the 1940s under Isaac Chera, but really began to expand in the 1980s under Stanley Chera, Isaacs son. Crown is headquartered at the GM Building in Midtown. Today, the firm is led by Stanley's sons Haim, Ike and Richard Chera.
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partphotofeature
05/23/16
...Massey of Cushman & Wakefield, Isaac and Haim Chera of Crown Acquisitions, Sam Chang of McSam Group, and Ralph Herzka of Meridian...

Crown
04/13/16
...Bensonhurst, Isaac Chera and Aaron Appel The Chera family’s Crown Acquisitions pulled off a $97 million refinancing from Goldman Sachs for seven...

St Regis Hotel Steven Roth Stanley Chera thumb
03/30/16
...Beers is quitting its space at Vornado Realty Trust and Crown Acquisitions’ commercial condominium at the base of the St. Regis Hotel...

Macy's Herald Square thumb
01/12/16
Hedge fund Starboard Value is ramping up pressure on Macy’s, suggesting a scheme by which the firm could purportedly create $10 billion in shareholder value...

Isaac Chera Macy's thumb
01/11/16
...Roosevelt Avenue in Flushing (inset: Isaac Chera) Isaac Chera’s Crown Acquisitions made a major play in Flushing, signing a 99-year ground...

fulton feature
01/06/16
...Fulton Street in Brooklyn (inset: Haim Chera) Haim Chera's Crown Acquisitions snapped up two commercial buildings in Downtown Brooklyn for $30 million...

BK-retail-FB
12/30/15
The Brooklyn retail market had a relatively quiet 2015 when it comes to king-sized leases. Compared to 2014 — when Century 21 and Bed Bath & Beyond...

600 Broadway Verrone ft
12/29/15
...s A&H Acquisitions and the Chera family’s Crown Acquisitions are refinancing a six-story Soho retail building with a $120 million...

St. Regis Retail
12/22/15
...Hotel in Midtown and Steven Roth Vornado Realty Trust and Crown Acquisitions closed on $450 million in financing for their retail condominium at...

Chera Tayar 650 Madison thumb
10/09/15
...Keller Williams and broker Richard Tayar are suing Haim Chera's Crown Acquisitions and French-Italian high-fashion outlet Moncler, claiming the agent was cut...

Adriana Lima
10/07/15
Vornado Realty Trust signed Victoria’s Secret to a nearly 64,000-square-foot retail lease at 640 Fifth Avenue in Midtown, which will house the lingerie giant’s flagship...

2007 86th Street and Haim Chera
09/29/15
...From left: Haim Chera of Crown Acquisitions, 2007 86th Street and 19 Stanton Street 1.) Crown Acquisitions sold a 14,000-square-foot...

511 Fifth ft
09/09/15
Retail giant Jeff Sutton teamed with Bobby Cayre’s Aurora Capital to seal a 99-year triple net lease at 511 Fifth Avenue in Midtown. The 17-story,...

720 Lexington ft
08/27/15
Steve Madden’s beef with landlord Bobby Cayre and partners continues after the shoe retailer filed a lawsuit this week claiming its flagship Midtown location, at...

barclay's center green roof feat
08/10/15
...wants to put H&R Block out of business 2. Crown Acquisitions buys Fulton Street retail space for $25 million 3. Warehouse-incorporating resi building...

jim colemanFB
07/09/15
In the niche of the commercial real estate world that focuses on representing tenants and end users, the recent wave of consolidations at large brokerages...

Old Navy building ft
06/17/15
Vornado Realty Trust received a $205 million acquisition loan from Morgan Stanley to help finance its purchase of the Old Navy building in Herald Square....

crate & barrel-
06/08/15
Crate & Barrel is closing its flagship, 62,000-square-foot location at 650 Madison Avenue, about five years before its lease was set to expire. Tags: 650...

RothOldNavyFbox
06/02/15
...a year after a partnership between Starwood Capital Group and Crown Acquisitions bought it for $252 million. (more&hellip...

StanleyandHaimCherafbox
05/27/15
...Fifth Avenue in Midtown (inset: Haim Chera of Crown Acquisitions) The Chera family’s Crown Acquisitions and Oxford Properties Group...

Ariel-Schuster-and-Olivia-Sara-FB
05/21/15
...year with Stanley Chera, son of Haim Chera, both of Crown Acquisitions, which owns stakes in major Fifth and Madison avenue properties...

Steve Roth
05/05/15
Upgrades to existing office inventory is the “defining part” of Vornado Realty Trust’s plans for the Penn Plaza district around Penn Station, chair and CEO...

Stanley Chera
05/04/15
...Other tenants at the property, controlled by the Chera family's Crown Acquisitions, include Planet Fitness, Express and Raymour & Flanigan Furniture. (more...

Macklowe
04/27/15
Harry Macklowe’s Macklowe Properties holds a stake in the retail space directly adjacent to the 432 Park Avenue site on East 57th Street, a permit...

nick-hayeck-thumb
04/15/15
The Swatch Group is looking to open up an upscale shop on Fifth Avenue. Tags: crown acquisitions, Fifth Avenue Retail, st. regis, vornado realty trust...
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Crown Acquisitions, Prinicipal
767 5th Avenue, New York City, NY, (212) 563-6400
Richard Chera is a principal in Crown Acquisitions and one of three sons...
Crown Acquisitions, COO
767 5th Avenue, New York City, NY, (212) 563-6400
Brittany Bragg is the chief operating officer of Crown Acquisitions. she was hired...
Crown Acquisitions, Principal
767 5th Avenue, New York City, NY, (212) 563-6400
Isaac Chera is a principal in Crown Acquisitions and one of three sons...
Crown Acquisitions, Principal
767 5th Avenue, New York City, NY, (212) 563-6400
Haim Chera is a principal in Crown Acquisitions and one of three sons...
Crown Acquisitions, Founder
767 5th Avenue, New York City, NY, (212) 563-6400
Stanley Chera s a New York real estate developer and founder of Crown...
  • Event Sales
  • Address 150 West 34th Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 78,000
  • Price $ 355,000,000
notes
The Old Navy building sold for $355 million. Additional information: 3 stories, 78,000 sf
  • Event Retail leasing
  • Address 490 Fulton Street
  • Neighborhood Fulton/Seaport
  • Borough Brooklyn
  • Square feet 40,000
  • Publication Date 06/01/2015
  • Event Date 04/22/2015
  • Party 1 Crown Acquisitions
  • Party 2 Forever 21
notes
The fashion chain signed a lease.
  • Event Retail leasing
  • Address 458 Fulton Street
  • Neighborhood Fulton/Seaport
  • Borough Brooklyn
  • Square feet 3,500
  • Publication Date 06/01/2015
  • Event Date 04/22/2015
  • Party 1 Crown Acquisitions
  • Party 1 Brokerage Crown Acquisitions
  • Party 1 Broker Isaac Mograby
  • Party 2 Journeys
  • Party 2 Brokerage True Realty
  • Party 2 Broker Adam Zeiberg
notes
The footwear chain signed a new 10-year lease for 3,500 SF on grade.
  • Event Retail Leasing
  • Address 1515 Broadway
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 2,113
notes
The watch company signed a lease.
  • Event Office Leasing
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 7,803
notes
The investment adviser signed a five-year lease for the entire 25th floor.
  • Event Retail Leasing
  • Address 370 Canal Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 15,700
notes
The fitness chain signed a lease for a new location.
  • Event Retail Leasing
  • Address 25 Broadway
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 28,576
  • Publication Date 07/01/2013
  • Event Date 05/22/2013
  • Party 1 Wolfson Group
  • Party 1 Brokerage CBRE
  • Party 1 Broker Bruce Surry, Richard Levine, Gary Kamenetsky
  • Party 2 Planet Fitness
  • Party 2 Brokerage Crown Acquisitions
  • Party 2 Broker Jordan Barker, Ralph Chera
notes
The fitness chain signed a lease. The space includes 832 square feet on the ground floor, 14,038 square feet in the basement and 13,706 square feet in the sub-basement.
  • Event Retail Leasing
  • Address 423 West 55th Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Square feet 29,400
  • Publication Date 07/01/2013
  • Event Date 05/22/2013
  • Party 1 Winter Organization
  • Party 1 Brokerage In-house
  • Party 2 Planet Fitness
  • Party 2 Brokerage Crown Acquisitions
  • Party 2 Broker Jordan Barker, Ralph Chera
notes
The fitness chain signed a lease for 24,500 square feet on the ground floor and 5,000 square feet on the mezzanine level. The space was previously occupied by Vebo Fitness.
  • Event Retail Leasing
  • Address 3791 Broadway
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 21,000
notes
The fitness chain signed a 15-year lease for space on the ground and second floors.
  • Event Sales
  • Address 2 East 55th Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 24,800
  • Price $ 380,000,000
  • Price per foot $ 15,100.00
notes
The retail condo inside the St. Regis New York hotel sold for $380 million, or $15,100 per square foot, Real Estate Alert reported. Richemont owns luxury brands Cartier, Van Cleef & Arpels, Piaget and Montblanc, among others.
  • Event Retail Leasing
  • Address 2159 Broadway
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 1,400
  • Publication Date 11/01/2012
  • Event Date 09/22/2012
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Steven Soutendjik
  • Party 2 L'Occitane
  • Party 2 Brokerage Crown Acquisitions
  • Party 2 Broker Chris DeCrosta
notes
The health and beauty products retailer signed a lease.
  • Event Retail Leasing
  • Address 1126 Third Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 1,700
notes
The health and beauty products retailer signed a lease.
  • Event Retail Leasing
  • Address 789 Madison Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 7,500
notes
The fashion designer signed a 10-year lease.
  • Event Retail Leasing
  • Building Name Fifth Avenue and Central Park South
  • Address 1 West 58th Street
  • Neighborhood Central Park South
  • Borough Manhattan
  • Square feet 4,720
  • Publication Date 04/01/2012
  • Event Date 02/21/2012
  • Party 1 Elad Group
  • Party 1 Brokerage In-house
  • Party 2 Angelo Galasso
  • Party 2 Brokerage Crown Acquisitions
  • Party 2 Broker Ralph Chera, Jordan Barker
notes
The menswear designer signed a lease for retail space at the Plaza Hotel's Edwardian Room.
  • Event Sales
  • Building Name 103-107 Prince Street
  • Address 103 Prince Street
  • Neighborhood Soho
  • Borough Manhattan
  • Price $ 70,850,000
notes
The site of the city's first Apple store sold for $70.85 million, the New York Post reported.
  • Event Sales
  • Address 103 Prince Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 30,000
  • Price $ 75,000,000
notes
The 30,000 sf building sold for about $75 million, the New York Post reported. The property is the site of the city's first Apple store.
  • Event Sales
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 500,000
  • Price $ 390,000,000
  • Price per foot $ 780.00
notes
The property sold for $390 million, or $780 per square foot, the Wall Street Journal reported. Jamestown Properties and Rockwood Capital, which are providing equity for the purchase, will be the controlling equity holders in the property. The selling group originally acquired the building for $210 million in 2004. The building has 21,790 square feet of retail space on Fifth Avenue, currently occupied by LensCrafters, Chase bank and Fossil. The building also has several big-name office tenants, including JPMorgan Chase and MassMutual.
  • Event Retail Leasing
  • Address 158 West 27th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 20,000
  • Publication Date 11/01/2011
  • Event Date 09/22/2011
  • Party 1 Himmel + Meringoff
  • Party 1 Brokerage In-house
  • Party 2 Planet Fitness
  • Party 2 Brokerage Crown Acquisitions
  • Party 2 Broker Ralph Chera, Jordan Barker
notes
The fitness chain signed a 15-year lease for another location. The tenant will occupy the ground and second floors.
  • Event Retail Leasing
  • Address 135 East 65th Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 1,420
  • Publication Date 08/01/2011
  • Event Date 06/22/2011
  • Party 1 1200 Tenant Corporation
  • Party 1 Brokerage RKF
  • Party 1 Broker Beth Rosen, Brandon Singer
  • Party 2 Ankasa
  • Party 2 Brokerage Crown Acquisitions
  • Party 2 Broker Jordan Barker
notes
The textile retailer signed a long-term lease for a new store.
  • Event Retail Leasing
  • Address 666 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 2,000
notes
The Swiss watch retailer signed a 15-year lease for the last remaining retail space at the building.
  • Event Retail Leasing
  • Address 121 Madison Avenue
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 2,175
  • Publication Date 09/01/2010
  • Event Date 07/23/2010
  • Party 1 Stanford Realty Associates
  • Party 1 Brokerage Crown Acquisitions
  • Party 1 Broker Jordan Barker
  • Party 2 Hair salon
  • Party 2 Brokerage Crown Acquisitions
  • Party 2 Broker Jordan Barker
notes
The hair salon signed a 10-year lease. The reported asking rent was $90 per square foot.
  • Event Retail Leasing
  • Address 2075 Broadway
  • Neighborhood Lincoln Square
  • Borough Manhattan
  • Square feet 17,050
  • Publication Date 09/01/2010
  • Event Date 07/23/2010
  • Party 1 2075 Retail Company
  • Party 1 Brokerage Crown Acquisitions
  • Party 1 Broker Isaac Chera
  • Party 2 Duane Reade
  • Party 2 Brokerage Winick Realty Group
  • Party 2 Broker Zach Mishaan
notes
The drugstore signed a lease for another location.
  • Event Sales
  • Address 1466 Broadway
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 300,000
  • Price $ 180,500,000
notes
The former Knickerbocker Hotel and an adjacent lot sold for $180.5 million. The new owners plan to use the building as a hotel.
  • Event Retail Leasing
  • Address 5 East 57th Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 8,500
  • Publication Date 07/01/2010
  • Event Date 05/22/2010
  • Party 1 Duell Management
  • Party 2 Breitling
  • Party 2 Brokerage Crown Acquisitions
  • Party 2 Broker Stephanie Snyder
notes
The Swiss watchmaker signed a lease for its first U.S. location.
  • Event Sales
  • Address 490 Fulton Street
  • Neighborhood #VALUE!
  • Borough Manhattan
  • Square feet 250,000
  • Price $ 60,000,000
notes
The former department store sold for $60 million.
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