Goldman Sachs | The Real Deal New York

The Real Deal New York

trd topics
X


NAME


EMAIL


SUGGESTED
UPDATE


captcha

Please type the words that appear above
Than click SUBMIT
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
CANCEL
Subscribe to download data from The Real Deal's research site.
WHY SUBSCRIBE? SUBSCRIBE

CANCEL
To register, please enter your email and choose a password with at least six characters.

Crown
04/13/16
The Chera 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 properties,...
Lloyd Blankfein 200 West Street thumb
04/12/16
Goldman Sachs agreed to pay a huge fine over its alleged misdeeds leading up to the 2008 financial crisis, but not quite as huge as...
blankfein fb
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 ...
Clark One New York small
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...
essex-crossingfbox
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...
Larry-Gagosianfbox
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. ...
Moinian-Sitt-245-Fifthfbox
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...
blankfein fb
02/25/16
Even the CEO of Goldman Sachs sometimes misjudges the market. After seeing his Sagaponack mansion linger on the market for six months, Lloyd Blankfein has...
Lighthouse Point Staten Island
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
Seven months after downgrading SL Green Realty to a “sell” rating on fears of a “maturing” commercial real estate cycle, investment banking giant Goldman Sachs...
02/18/16
Current reader favorites: 1. Goldman Sachs’ Essex Crossing bet to top $500M 2. Vornado, Silverstein among potential bidders for Jehovah’s Witnesses complex 3. Want to...
02/17/16
Current reader favorites: 1. Crowdfunding platform Fundrise fires CFO over extortion allegations 2. Goldman Sachs’ Essex Crossing bet to top $500M 3. The Closing: Michael...
anadu-final-463x250
02/16/16
Goldman Sachs’ Urban Investment Group, an arm of the bank that handles its socially-minded investments, is making Essex Crossing its biggest-ever bet. The group is...
Isaac Henderson Essex Crossing Margaret Anadu thumb
02/09/16
From the February issue: The Lower East Side is a long-gritty neighborhood that’s undergoing a dramatic makeover. Driving the transformation is the $1.1 billion Essex Crossing...
kushnerfbox
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...
Lloyd Blankfein 200 West Street thumb
01/14/16
Investment banking giant Goldman Sachs is set to pay more than $5 billion to settle civil claims tied to the firm’s securitization, underwriting and sale...
TREASURYEBFBOX
01/14/16
In an attempt to pinpoint the source of funds pouring into New York real estate, the U.S. Treasury said Wednesday it would start tracking luxury...
Alicia-Glen-274x300 feat
01/06/16
For Alicia Glen, trying to solve New York City’s housing affordability crisis wasn’t enough. The deputy mayor for housing and economic development is also taking...
new york wheel fb
12/28/15
For some of the partners in Staten Island’s New York Wheel project, the wheels are starting to fall off. Eric Kaufman, a minority shareholder in...
Spec_builders.jpg
12/27/15
The Federal Reserve has finally lifted interest rates from 0% and after nine years without a rate hike. The potential ramifications of the policy move...
ranking small
12/22/15
UPDATED, 2:12 p.m., Dec. 23: New York’s investment sales market continued to soar in 2015, bolstered by an enthusiastic lending environment. While many of the...
Doubletree Times Square ft
12/21/15
Maefield Development acquired the leasehold interest in the Doubletree Guest Suites Times Square hotel from Sunstone Hotel Investors for a purchase price of $540 million. The deal...
rsz_essex-crossing-e1450447559691
12/18/15
Delancey Street Associates’ Essex Crossing development on the Lower East Side received a new, $79.5 million financing package from Wells Fargo to fund its Site...
1000 Dean Street Jonathan Butler thumb
12/08/15
WeWork has a new enemy. San Francisco-based co-working landlord Vault signed a 10-year lease for its first New York space, at 1000 Dean Street in Crown Heights....
Rendering of Essex Crossing
12/07/15
From left: Charlie Bendit of Taconic, rendering of Essex Crossing and 227 West 36th Street From the $15.8 million sale of an development site in...
To see all, go to Advanced Search
  • 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 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 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 Financing
  • Building Name Lipstick Building
  • Address 885 Third Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 587,000
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
  • 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
  • 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 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
  • 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 Sales
  • Address 2110 Frederick Douglass Boulevard
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 5,231
  • Price $ 2,400,000
notes
The retail condo sold for $2.4 million.
  • 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 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 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
[EMPTY]
  • 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
notes
The consulting services provider subleased space.
  • 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
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 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.
Spec_builders.jpg
12/27/15
The Federal Reserve has finally lifted interest rates from 0% and after nine years without a rate hike. The potential ramifications of the policy move...
From left: Arker Companies 67-unit housing project for seniors at 533 Bay Street and Ironstate's David Barry
For decades, Staten Island development was a largely local affair. While the borough’s population has exploded in the 50-plus years since the Verrazano- ...
3-Bryant-Park
Just about everyone in the New York City real estate industry knows — or at least think they know — about the city’s priciest deals....
042_RisingStars_FINAL.indd
They’ve brokered billions of dollars in deals, broken records, and launched companies. And they’ve all done it all in a cutthroat and unforgiving industry that’s...
034 Commercial market se FINAL.indd
A crop of new big blocks of office space will keep the Lower Manhattan market in the running when it comes to wooing large tenants,...
comm-market
New York office leasing improved significantly over the past year. But the steady pace of deals wasn’t enough to fill all the large blocks of...
Hamptons
As summer ramps up in the Hamptons, the results of the winter buying season are coming into focus. Much like New York City, the vacation-home...
Source: Information from Cassidy Turley, CBRE, and news sources. Numbers are for portions of building, not entire towers. Three years ago, with the country in the...
Manhattan Office Stats
Economic clouds gathered on the horizon last month, amid legislative battles over the country’s debt ceiling and talks of layoffs at major financial firms. Still,...
The agreement by publisher Condé Nast to lease 1 million square feet at One World Trade Center underscored a trend of companies willing to move...
In February, Midtown suffered its slowest month of office leasing in nine months, prompting brokers to wonder whether the poor performance was the result of...
Despite new glimmers of hope for landlords battered by months of bad news, tenants with good credit remain firmly in control of the Manhattan office leasing market,...
55548_commercial_market_report.jpg
The Downtown office market, a hot topic at a major summit held last month on the World Trade Center site, has held up better than the...
A recent deal involving shadow space — blocks of space that are available for leasing but have not been formally returned to the market — was a...
Layoffs from the bankruptcy of Lehman Brothers, the sale of Merrill Lynch to Bank of America and the government takeover of American International Group should create another...
Small_Spaces.jpg
Small spaces continue to shuffle through the market, holding up ...
Cheap_Digs_Help.jpg
In the face of an anticipated slowdown across the office market, ...
Sep_Vacancy_charts.gif
Lower Manhattan office market emerges from summer in recovery mode; AmEx lease at 7 WTC helps ...
November_Vacancy_Rates.gif
Downtown could reap benefits of a tightening Midtown and a roaring Midtown South ...
july_2005__high_Times.jpg
Though their influence has lessened, finance firms still leave heavy footprint ...
commercial_market_report.jpg
Reports of Downtown's death as a commercial center may be greatly exaggerated. ...
MENU