Invesco | The Real Deal New York

The Real Deal New York

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Invesco

15555 Peachtree Street Northeast, Suite 1800
Atlanta, GA 30309
(404) 479-1095
Website
ContactUs@invesco.com
Invesco

Invesco (Atlanta) is an Atlanta, Georgia-based independent global investment management firm with on-the-ground presence in 20 countries. The company has a significant holdings in real estate, though its market focus (mainly industrial or commercial properties) depends on the city in which it trades. Its real estate subsidiary, which is based out of Dallas and was established in 1983, has more than $50 billion in real estate assets under management as of 2016. Invesco had long stayed away from New York City, but in 2011 it began participating in deals worth more than $2 billion, including a majority stake in the retail condominium of the former Knickerbocker Hotel, the Madison Belvedere at 10 East 29th Street, and the Elektra at 290 Third Avenue. In 2016 Invesco bought the majority share of an industrial portfolio in South Florida. The firm paid Eastern Group $98 million for the portfolio, which included properties in Miami Lakes and Doral.


ben-shaoul-and-SVA-dorm-feature
11/15/16
...of Visual Arts dorm (Credit: Magnum) UPDATED, 6:00 p.m., Nov. 15: Invesco Real Estate bought the School of Visual Arts dormitory building...

2700-Colorado-LArry-Ellison-fb
11/10/16
...office market, software giant Oracle is in contract to pay Invesco $368 million, or $1,165 per square foot, for an office building at...

47-Hall
09/15/16
JLL is close to inking a deal to open its first office in Brooklyn. Tags: jll, rxr realty, westbrook partners ...

Jared-Kushner-Watchtower
08/11/16
Jared Kushner’s massive bet on Dumbo’s Watchtower building is being backed by the Blackstone Group and SL Green Realty. Affiliates of the two investment giants plowed...

Screen Shot 2016-08-08 at 11.45.01 AM
08/08/16
Wake up America A photo posted by abyrosen (@abyrosen) on Aug 7, 2016 at 10:07pm PDT Aby Rosen has come out with a strong statement...

helmsleythumb
07/28/16
Publisher and analytics company Reed Elsevier, which changed its name last year to RELX Group, is relocating its corporate headquarters to the Helmsley Building, where...

Untitled-7
06/21/16
A partnership between Metropolitan Realty Associates and TIAA is in contract to buy a Long Island City office building for $90 million. The seller is...

Colorado-Center-Boston-Properties-President-Doug-Linde-featch
05/19/16
UPDATE, May 19, 1:36 p.m From the Los Angeles website: It has long been rumored that Boston Properties, one of the largest landlords in New York...

columbia heights
04/29/16
UPDATE: 11:09 a.m., May 2. Virtu Financial founder and CEO Vincent Viola has closed a $105 million deal with the Jehovah’s Witnesses for a religious...

1221CostarFbox
04/20/16
Some of the city’s biggest real estate investors are making a play for a minority stake in 1221 Sixth Avenue, also known as the McGraw-Hill...

LIC-factory-womanfbox
04/13/16
J. Crew is taking its trendy looks to Long Island City, leasing about 60,000 square feet at the Factory Building. The clothing brand took the space at...

freshdirectfbox
02/22/16
Online grocer FreshDirect sold its longtime Long Island City facility for $48 million to developer Atlas Capital Group — a high price for a property...

Ralph Lauren ft
01/27/16
Polo Ralph Lauren is the latest creative tenant to hop over to Long Island City, where the clothing company is taking more than 19,000 square...

01/21/16
...Corcoran talks success, family and sex 3. Developocalypse: The Day After 4. Invesco buys Soho retail condo housing Chanel for $112M 5. Here are...

139 Spring Street Marty Flanagan thumb
01/19/16
...Spring Street in Soho (inset: Invesco's Marty Flanagan) Invesco Real Estate paid top dollar – $112 million, or over $25,000 per square...

Todd Bassen
01/15/16
...and Joseph Farkas Todd Bassen, a former top executive at Invesco and co-head of real estate at WeWork, is joining Metropolitan...

Deckey
01/14/16
...chief investment officer for George Comfort & Sons, has joined Invesco Real Estate, the firm announced Thursday. Deckey will be heading...

Top-Investment-Sales-feature
12/29/15
UPDATED, Dec. 29, 10:25 a.m.: What do the 10 biggest New York City investment sales of 2015 have in common? All the deals, whether they...

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...

Jehovah's ft
12/15/15
In a reversal of sorts, buyers are knocking on the Jehovah’s Witnesses’ door, hoping to grab up pieces of its massive Brooklyn headquarters complex. Industry...

Jehovah's ft
12/03/15
Jehovah’s Witnesses is looking to sell off three of its Downtown Brooklyn properties in Dumbo and Brooklyn Heights, with a “competitive offering process” having begun...

Ian Schrager
11/19/15
Besides being a world-renowned hotelier, Ian Schrager is also a born and bred Brooklynite, and he’s come full circle for his latest project – his...

Westbrook 47 Hall FB
11/09/15
UPDATED, 2:09 p.m., Nov. 13: Westbrook Partners and RXR Realty are in contract to buy a half-million-square-foot commercial property near the Brooklyn Navy Yard for more...

1-Hotel-South-Beach1
10/20/15
...From the South Florida website: Starwood Capital Group, LeFrak and Invesco, which completed 1 Hotel South Beach earlier this year, have closed...

multifamily report feature
10/16/15
Multifamily sales in New York City netted $845 million in August, jumping 24 percent despite a drop in the number of deals during the month, according to a...
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Invesco Real Estate, Managing Director - Acquisitions
2001 Ross Avenue, Suite 3400, Dallas, Texas, (972) 715-5837
Greg Kraus is a real estate industry executive. Since 2000, he has served...
Invesco Real Estate, Managing Director and Senior Investment Officer
2001 Ross Avenue, Suite 3400, Dallas, Texas, (972) 715-5837
Robert Deckey is a real estate industry executive. Since 2016, he has worked...
  • Event Sales
  • Address 230 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 1,400,000
  • Price $ 1,200,000,000
  • Price per foot $ 857.14
notes
[EMPTY]
  • Event Retail Leasing
  • Address 125 Wooster Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 2,320
  • Publication Date 06/01/2014
  • Event Date 04/22/2014
  • Party 1 Invesco
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Alan Schmerzler, Christopher Scwartz, Steven Soutendijk
  • Party 2 Woolrich
  • Party 2 Brokerage Isaacs & Company
  • Party 2 Broker David Baker
notes
The outdoor clothing retailer signed a lease for its flagship store.
  • Event Retail Leasing
  • Address 230 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 10,000
notes
The restaurant group signed a lease for a new food hall.
  • Event Office Leasing
  • Address 230 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 71,000
notes
The real estate investment manager signed a lease renewal.
  • Event Office Leasing
  • Address 230 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 9,411
notes
The university signed a lease.
  • Event Office Leasing
  • Address 230 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 144,000
notes
The financial firm signed a lease renewal.
  • Event Office Leasing
  • Address 230 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 71,000
notes
The publishing company signed a lease.
  • Event Office Leasing
  • Address 230 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 22,722
notes
The talent mobility firm signed a long-term lease for part of the sixth floor.
  • Event Financing
  • Address 10 East 29th Street
  • Neighborhood NoMad
  • Borough Manhattan
  • Publication Date 06/01/2013
  • Event Date 04/22/2013
  • Party 1 Invesco
  • Party 1 Brokerage HFF
  • Party 1 Broker John Rose, Steve Klein
  • Party 2 Cornerstone Real Estate Advisers
notes
A $150 million loan was provided for the Madison Belvedere. 50-story apartment building, 404 units total.
  • Event Retail Leasing
  • Address 436 Myrtle Avenue
  • Neighborhood Fort Greene
  • Borough Brooklyn
  • Square feet 950
  • Publication Date 01/05/1900
  • Event Date 01/03/1900
  • Party 1 Invesco
  • Party 1 Brokerage CPEX Real Estate
  • Party 1 Broker Ryan Condren, Kristina Triglia, George Danut, Scott Burk
  • Party 2 T-Mobile
notes
The mobile services provider signed a lease.
  • Event Sales
  • Address 555 West 53rd Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 170,000,000
notes
The 162 apartments at the new development Mercedes House sold for $170 million, the Wall Street Journal reported. The property has 874 units in total.
  • Event Retail Leasing
  • Address 150 Fourth Avenue
  • Neighborhood Gowanus
  • Borough Brooklyn
  • Square feet 6,300
  • Publication Date 01/03/1900
  • Event Date 01/01/1900
  • Party 1 Invesco
  • Party 1 Brokerage CPEX Real Estate
  • Party 1 Broker Ryan Condren, Kristina Triglia, George Danut
  • Party 2 Body Unique LLC
notes
The fitness studio signed a lease.
  • Event Sales
  • Address 1466 Broadway
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 40,000
  • Price $ 195,800,000
  • Price per foot $ 4,895.00
notes
The majority stake in the retail condo sold for $195.8 million. Crown Acquisitions and Highgate Holdings will continue to hold minority stakes in the property, with Crown continuing to operate a part of the retail space.
  • Event Sales
  • Address 10 East 29th Street
  • Neighborhood NoMad
  • Borough Manhattan
  • Price $ 300,000,000
notes
The Madison Belvedere sold for about $300 million, the New York Post reported.
  • Event Sales
  • Address 130 Prince Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 88,000
  • Price $ 140,500,000
  • Price per foot $ 1,596.59
notes
The property sold for $140.5 million. The selling partnership originally acquired the building in 2007 for $112 million.
  • Event Office Leasing
  • Address 100 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 40,000
  • Price per foot $ 55.00
notes
The tech giant signed a long-term lease on the sixth, 14th and 15th floors.
  • Event Office Leasing
  • Address 104 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 5,500
  • Price per foot $ 55.00
notes
The residential real estate brokerage signed a new lease on the 17th floor.
  • Event Financing
  • Address 100 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 270,000
  • Price $ 55,000,000
notes
A $55 million, five-year, non-recourse first mortgage was secured for the acquisition of the building. 20-story office building.
  • Event Sales
  • Address 100 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 270,000
  • Price $ 93,500,000
  • Price per foot $ 346.30
notes
The 270,000 sf property sold for $93.5 million. The building last changed hands for $152 million in 2008.
  • Event Office Leasing
  • Address 1166 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 100,000
  • Price per foot $ 58.00
  • Publication Date 01/01/2010
  • Event Date 11/22/2009
  • Party 1 Marsh & McLennan
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Andrew Sachs, Tim Gibson
  • Party 2 Invesco
notes
The hedge fund manager signed a lease renewal and expansion on floors 25 through 27.
Brooklyn, 11201
175 PEARL OWNER LLC
...
Manhattan, 10018
BROADWAY TIMES SQUARE
...
Manhattan, 10019
MH 770-54TH STREET, L
...
Brooklyn, 10003
150 FOURTH AVENUE, LL
...
Manhattan, 10016
GATEWAY BELVEDERE, LL
...
Manhattan, 10036
Felcor Lodging Trust, ISTITHMAR SIX TIMES LLC
1466 Broadway is a 289,389 square foot, 16 story building in Manhattans Times...
Manhattan, 10019
Two Trees Development, 536 WEST 54TH ST LLC A,B,C
The residential-and-retail complex at 550 West 54th Street on Manhattans far West Side...

050_2015CoverStory_FINAL.indd
The wave of new developments hitting the market is changing more than just the skyline. It’s also shifting the fortunes of the firms that specialize...

Click to enlarge
The uncertain economy kept larger companies at bay in 2012 when it came to buying and leasing Manhattan office buildings. On the investment sales side,...

Biggest Deals
Click to enlarge Typically, investment sales deals are ranked by the sale price, but that emphasis hides the figure that real estate players truly care about...
Manhattan, 10036
Felcor Lodging Trust, ISTITHMAR SIX TIMES LLC
1466 Broadway is a 289,389 square foot, 16 story building in Manhattans Times...
Manhattan, 10019
Two Trees Development, 536 WEST 54TH ST LLC A,B,C
The residential-and-retail complex at 550 West 54th Street on Manhattans far West Side...
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