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Goldman Sachs

200 West Street
New York, NY 10001
(212) 902-1000
Website
Goldman Sachs
Goldman Sachs is one of the biggest banks in the United States with $34.21 billion in revenue in 2013 and $912 billion in assets. As such, it is one of the biggest financiers of real estate development in the nation, including in New York City. The projects that Goldman Sachs have helped finance in the city include the skyscraper next to the Museum of Modern Art and the ultra-luxury condo 15 Central Park West. The banks also deals heavily in bonds backed by real estate. Moreover, Mayor Bill de Blasio in December 2013 picked former Goldman Sachs executive Alicia Glen to be deputy mayor for housing and economic development. The bank has also developed its own real estate, namely its 44-story global headquarters at 200 West Street in downtown Manhattan, which opened in 2009. Goldman Sachs was founded in 1869 in New York. The bank is led by chairman and CEO Lloyd Blankfein. -TA
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2016-07-08 (2)
07/08/16
When 15 Central Park West was set to kick off construction in 2005, the building’s co-developer William Zeckendorf made what would turn out to be...

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06/17/16
...week. New images were released for William Macklowe Company and Goldman Sachs...

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06/07/16
...a house on the East End. She is currently selling Goldman Sachs CEO Lloyd Blankfein’s $13 million Sagaponack home and is listing...

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05/24/16
David Lichtenstein’s Lightstone Group is planning to build a new, approximately 300-key hotel in the East Village, with Marriott International’s Moxy Hotels serving as the...

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05/19/16
...After many years and a whole lot of price cuts, Goldman Sachs CEO Lloyd Blankfein has finally (finally!) sold his Southampton home...

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05/17/16
Richard Gere’s North Haven mansion is now almost half off. The “Pretty Woman” actor has dropped the price of his home on Actors Colony Road...

05/09/16
...Current reader favorites: 1. Goldman Sachs exec battles luxury condo building for 2-ft sliver of land...

Merritt House Condominium , Peter Weidman and 162 East 83rd Street
05/07/16
The competition for land in NYC is notoriously fierce, but on the Upper East Side the fight for even the smallest sliver of property can...

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05/06/16
Brookfield Property Partners completed $2 billion in refinancings in the first quarter, including a $900 million deal to refinance 225 Liberty Street in Lower Manhattan,...

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05/03/16
...Park West in the Upper West Side (inset: David Solomon) Goldman Sachs bigwig David Solomon is looking to unload his palatial San...

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04/13/16
...family’s Crown Acquisitions pulled off a $97 million refinancing from Goldman Sachs for seven buildings in its fast-growing portfolio of outer-borough retail...

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04/12/16
...left: Lloyd Blankfein and 200 West Street in the Financial District Goldman Sachs agreed to pay a huge fine over its alleged misdeeds...

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03/18/16
Prices for high-end Hamptons homes fell in 2015, as demand from stock traders and financiers sunk with the global economy. Tags: Hamptons ...

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03/17/16
Brookfield Office Properties refinanced its office tower One New York Plaza with a $750 million loan from Wells Fargo, according to public records filed with...

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03/16/16
UPDATED, March 23, 2:42 p.m.: Instead of being a boon for some Essex Street Market vendors, the massive $1 billion redevelopment of the Seward Park...

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03/15/16
From the South Florida website: Noted art dealer Laurence Gagosian paid nearly $13 million for a penthouse at Faena House in Miami Beach. ...

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03/03/16
The Moinian Group and Thor Equities secured a $160 million loan from AIG Global Real Estate for their office building at 245 Fifth Avenue in...

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02/25/16
...Lloyd Blankfein and his Sagaponack home Even the CEO of Goldman Sachs sometimes misjudges the market. After seeing his Sagaponack mansion linger...

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02/22/16
Regus, one of the main shared-office space providers, will anchor Triangle Equities’ Lighthouse Point  on Staten Island. The Luxembourg-based co-working firm will take about half...

Marc Holliday
02/19/16
...of a “maturing” commercial real estate cycle, investment banking giant Goldman Sachs upgraded the real estate investment trust back up to “neutral...

02/18/16
...Current reader favorites: 1. Goldman Sachs’ Essex Crossing bet to top $500M 2. Vornado, Silverstein among potential...

02/17/16
...reader favorites: 1. Crowdfunding platform Fundrise fires CFO over extortion allegations 2. Goldman Sachs’ Essex Crossing bet to top $500M 3. The Closing: Michael Stern...

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02/16/16
...Margaret Anadu of Goldman Sachs and a rendering of Essex Crossing Goldman Sachs’ Urban Investment...

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02/09/16
...developers on the project, and Margaret Anadu, managing director of Goldman Sachs Urban Investment Group, one of the investors, to weigh in...

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01/28/16
Jared and Joshua Kushner’s real estate investment startup Cadre raised $50 million in a Series B funding round, bringing the total investment in the firm...
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  • Event Financing
  • Address 45 East 22 Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 372,000
notes
A $420 million deal was arranged. 60-story, 83-units.
  • Event Sales
  • Address 790 Seventh Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Price $ 275,000,000
  • Publication Date 11/01/2012
  • Event Date 09/22/2012
  • Party 1 Starwood Hotels & Resorts
  • Party 2 Rockpoint Group, Goldman Sachs Real Estate Principal Investment Area, Highgate Holdings
notes
The Manhattan at Times Square Hotel sold for $275 million, the New York Observer reported.
  • Event Sales
  • Address 2110 Frederick Douglass Boulevard
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 5,231
  • Price $ 2,400,000
  • Publication Date 03/01/2012
  • Event Date 01/21/2012
  • Party 1 BRP Development Corp., Goldman Sachs Urban Investment Group
  • Party 1 Brokerage Ariel Property Advisors
  • Party 1 Broker Michael Tortorici, Victor Sozio, Shimon Shkury
  • Party 2 Private investment group
notes
The retail condo sold for $2.4 million.
  • Event Sales
  • Address 2110 Frederick Douglass Boulevard
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 5,231
  • Price $ 2,400,000
notes
The retail condo at the base of the Douglass Condominium sold for $2.4 million.
  • Event Retail Leasing
  • Address 102 North End Avenue
  • Neighborhood Battery Park City
  • Borough Manhattan
  • Square feet 2,150
  • Publication Date 07/01/2011
  • Event Date 05/22/2011
  • Party 1 GS Site 25 Retail
  • Party 1 Brokerage Goldman Sachs
  • Party 2 Bloom Flowers
  • Party 2 Brokerage Sinvin Real Estate
  • Party 2 Broker Christopher Owles, ChristopherJohnson
notes
The florist signed a 10-year lease. The reported asking rent was $75 per square foot.
  • Event Office Leasing
  • Address 77 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 25,227
  • Price per foot $ 40.00
  • Publication Date 05/01/2011
  • Event Date 03/22/2011
  • Party 1 Goldman Sachs
  • Party 2 William J. Clinton Foundation
  • Party 2 Brokerage CBRE
  • Party 2 Broker Keith Caggiano, Roshan Shah
notes
Former President Bill Clinton's foundation signed a two-year sublease and an eight-year direct lease with the landlord.
  • Event Office Leasing
  • Address 77 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 24,353
  • Publication Date 01/01/2011
  • Event Date 11/22/2010
  • Party 1 The Goldman Sachs Group
  • Party 1 Brokerage Cushman & Wakefield
  • Party 2 MediaWhiz Holdings
  • Party 2 Brokerage Savills Studley
  • Party 2 Broker Joseph Genovesi, Casey Lewis, Antony Chow
notes
The consulting services provider subleased space.
  • Event Financing
  • Address 1428 Fifth Avenue
  • Neighborhood Central Harlem
  • Borough Manhattan
notes
A $27.7 million construction loan was provided for the rehabilitation of the affordable housing complex. The project will provided new facilities and upgrades for the Section 8 rental building, including a new roof, new EnergyStar appliances and a new building-wide ventilation system. 120-unit apartment building.
  • Event Office Leasing
  • Address 77 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 37,500
  • Price per foot $ 35.00
notes
The healthcare insurance company inked a sublease for two full floors.
  • Event Office Leasing
  • Address 77 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 25,000
  • Price per foot $ 35.00
notes
The insurance company signed a sublease for one floor.
  • Event Office Leasing
  • Address 77 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 100,000
  • Price per foot $ 35.00
notes
The telephone services provider subleased four full floors.
  • Event Office Leasing
  • Address 77 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 75,000
  • Price per foot $ 35.00
notes
The law firm subleased three full floors.
  • Event Office Leasing
  • Address 230 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 9,700
  • Price per foot $ 80.00
  • Publication Date 10/01/2008
  • Event Date 08/22/2008
  • Party 1 Monday Properties, Goldman Sachs
  • Party 1 Brokerage Monday Properties
  • Party 1 Broker Craig Panzirer
  • Party 2 ING Real Estate Finance
  • Party 2 Brokerage CBRE
  • Party 2 Broker William Iacovelli, Mark Ravesloot
notes
The ING Group subsidiary inked a five-year expansion lease for space on the ninth floor. The company currently occupies about 200,000 square feet on the 11th through 15th floors.
  • Event Sales
  • Address 540 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 1
  • Price $ 1,100,000,000
notes
The three office towers sold for around $1.1 billion as part of a larger deal that included the $2.8 billion sale of the GM Building. The portfolio includes the 632,305-square-foot building at Two Grand Central Tower, the 540,000-square-foot tower at 125 West 55th Street and the 272,532-square-foot property at 540 Madison Avenue.
  • Event Sales
  • Building Name GM Building
  • Address 767 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 2
  • Price $ 2,800,000,000
  • Price per foot $ 1,474.00
notes
The tower sold for $2.8 billion, or about $1,474 per square foot. The deal broke the record for the highest price ever paid for a single office building, previously held by Kushner Companies' $1.8 billion purchase last year of 666 Fifth Avenue. Macklowe Properties sold the GM Building to help pay off overdue short-term debt on the seven Midtown office buildings Macklowe bought in a highly leveraged deal last year. Macklowe purchased the trophy tower for $1.4 billion in 2003. Boston Properties acquired a 60 percent stake in the GM Building, paying around $890 million in cash and assuming the $1.9 billion in debt, due to mature in 2017. The Boston Properties-led group also paid around $1.1 billion for three other Macklowe office properties in Manhattan (see below).
  • Event Office Leasing
  • Address 180 Maiden Lane
  • Neighborhood Seaport
  • Borough Manhattan
  • Square feet 800,000
  • Publication Date 07/01/2008
  • Event Date 05/22/2008
  • Party 1 Goldman Sachs
  • Party 2 AIG
notes
The insurance and financial services company subleased 30 floors of space from Goldman Sachs, which is preparing to relocate to its new headquarters in Battery Park City. AIG plans to move in completely by 2011.
  • Event Office Leasing
  • Building Name One New York Plaza
  • Address 1 New York Plaza
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 517,000
  • Price per foot $ 0.00
notes
The global investment banking, securities and investment management firm signed a 15-month lease renewal while awaiting completion of its new Battery Park City headquarters. The company's lease is now set to expire in December 2010. Goldman occupies floors 21 and 39 through 50.
  • Event Financing
  • Building Name Lipstick Building
  • Address 885 Third Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 587,000
  • Publication Date 09/01/2007
  • Event Date 07/23/2007
  • Party 1 Gramercy Capital, SL Green Realty
  • Party 2 Goldman Sachs Commercial Mortgage Capital
notes
A $267.7 million, 10-year fixed rate loan was provided for the acquisition of the office property. The partners inked an agreement to acquire a 79 percent fee interest and 21 percent leasehold interest in the 34-story Class A office property for $317 million (see deal above). 34-story office building.
  • Event Financing
  • Building Name 2 Herald Square
  • Address 1328 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 354,400
notes
The joint venture financed its $225 million acquisition of the fee interest in the building with a $191.25 million, 10-year fixed-rate loan. 11-story office and retail building.
  • Event Sales
  • Building Name Helmsley Building
  • Address 230 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 1
  • Price $ 1,150,000,000
  • Price per foot $ 840.00
notes
Istithmar sold the building for $1.15 billion, or $840 per foot. The Dubai-based investment holding company had bought it at the end of 2005 for $705 million.
  • Event Sales
  • Address 417 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 392,000
  • Price $ 250,000,000
  • Price per foot $ 638.00
notes
The building sold for $250 million, or $638 per square foot. The 95-year-old property includes 80,000 square feet of air rights.
  • Event Financing
  • Address 590 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 1,000,000
  • Publication Date 03/01/2007
  • Event Date 01/20/2007
  • Party 1 State Teachers Retirement System of Ohio
  • Party 1 Brokerage Sonnenblick-Goldman
  • Party 2 Goldman Sachs
notes
A $350 million loan, which represents less than a 30 percent loan-to-value ratio, was made to the pension fund. The former IBM Building also has three levels of retail space. Tenants include IBM, Akin Gump Strauss & Field, Smith Barney, Lovells, Bank of America and Tourneau. 43-story office building.
  • Event Financing
  • Address 6 Columbus Circle
  • Neighborhood Midtown West
  • Borough Manhattan
  • Publication Date 10/01/2006
  • Event Date 08/22/2006
  • Party 1 Thompson Hotels
  • Party 1 Brokerage Commercial Realty Group
  • Party 2 Goldman Sachs
notes
A $28 million loan was secured to complete the renovation of the 88-room hotel, which will feature a Blue Ribbon restaurant and a rooftop bar. It is slated to open at the end of 2006. Luxury boutique hotel
  • Event Sales
  • Building Name Park Central Hotel
  • Address 870 7th Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Price $ 200,000,000
  • Publication Date 03/01/2005
  • Event Date 01/20/2005
  • Party 1 Lehman Brothers
  • Party 1 Brokerage Sonnenblick-Goldman
  • Party 1 Broker Mark Gordon, Svetlin Ganchev, Terry Hess
  • Party 2 Highgate Holdings, Goldman Sachs partnership
notes
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