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Lehman Brothers

1271 Sixth Avenue
New York, NY 10020
(646) 285-9000
Website
inquiry@lehman.com
Lehman Brothers
Lehman Brothers was one of the nations largest banks until its collapse in September 2008, which triggered the Great Recession. Once referred to by The New York Times as the real estate ATM, the Manhattan-based firm that dated to the mid-19th century was before its demise one of the most active players in the New Yorkand nationalproperty market. Lehman partnered with Tishman Speyer on its $22.2 billion takeover of apartment behemoth Archstone-Smith in 2007. Before that, its borrowers included Steven Witkoff on the Woolworth Building in 1998 and Aby Rosen and Michael Fuchs on both Lever House and the Seagram Building. The bank also lent heavily in the equally doomed subprime-mortgage market. Even after its 2008 collapse, Lehman continued to haunt New York real estate, as it divested itself of holdings and left other institutions skittish about lending too generously. The firm was led by chairman and CEO Dick Fuld when it went out of business. -TA
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  • Event Sales
  • Address 2178 Broadway
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 140,000,000
notes
The hotel sold for $140 million or $500,000 per key.
  • Event Sales
  • Building Name 448-452 11th Avenue
  • Address 452 11th Avenue
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Price $ 35,000,000
  • Publication Date 11/01/2013
  • Event Date 09/22/2013
  • Party 1 Lehman Brothers Holdings
  • Party 1 Brokerage HFF
  • Party 1 Broker Andrew Scandalios, Jose Cruz, Jeffrey Julien, Kevin O'Hearn
  • Party 2 David Marx
notes
The development site sold for $35 million.
  • Event Sales
  • Address 448-452 11th Avenue
  • Neighborhood Hell's Kitchen
  • Borough Manhattan
  • Price $ 35
  • Publication Date 11/01/2013
  • Event Date 09/17/2013
  • Party 1 Lehman Brothers Holdings
  • Party 1 Brokerage HFF
  • Party 1 Broker Andrew Scandalios, Jose Cruz, Jeff Julien, Kevin O'Hearn
  • Party 2 David Marx
notes
[EMPTY]
  • Event Sales
  • Address 448 11th Avenue
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Price $ 30,000,000
  • Publication Date 09/01/2013
  • Event Date 07/23/2013
  • Party 1 Lehman Brothers Holdings
  • Party 1 Brokerage HFF
  • Party 1 Broker Andrew Scandalios
  • Party 2 David Marx
notes
The property sold for about $30 million, Crain's reported.
  • Event Sales
  • Address 237 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 1,200,000
  • Price $ 810,000,000
  • Price per foot $ 675.00
notes
The property sold for $810 million, Crain's reported. The buyer plans to renovate the building.
  • Event Sales
  • Address 325 West Broadway
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 61,416
  • Price $ 38,350,000
  • Price per foot $ 624.43
  • Publication Date 12/01/2012
  • Event Date 10/22/2012
  • Party 1 Lehman Brothers Holdings subsidiary
  • Party 1 Brokerage HFF
  • Party 1 Broker Andrew Scandalios, Jose Cruz, Jeffrey Julien, Kevin O'Hearn
  • Party 2 DDG
notes
The development site sold for $38.35 million. The current plan for the development, to be located at 325-329 West Broadway and 23-25 Wooster Street, calls for a two-building, 24-unit condo with ground-floor retail.
  • Event Office Leasing
  • Address 100 Wall Street
  • Neighborhood Seaport
  • Borough Manhattan
  • Square feet 19,647
notes
The tenant signed a lease renewal. James Giddens was selected by the Securities Investor Protection and appointed by the U.S. District Court for the Southern District of New York to handle the liquidation of Lehman Brothers Inc. in 2008.
  • Event Sales
  • Address 1107 Broadway
  • Borough Manhattan
  • Price $ 191,000,000
notes
The purchase of the building, a part of the former International Toy Center, closed for $191 million, following a bankruptcy auction in June. The new ownership is planning a $290 million condo conversion, featuring 145 units, in collaboration with a Morgan Stanley real estate fund.
  • Event Office Leasing
  • Address 1271 Sixth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 150,000
notes
The bankrupt financial services entity signed a new sublease for floors 35, 38 and 40, and parts of the 39th and 46th floors. Lehman previously cancelled a sublease it had signed in 2007 for 500,000 square feet in the building.
  • Event Office Leasing
  • Address 1271 Sixth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 400,000
notes
Lehman Brothers signed for the space under a sublease from Time Inc. in a long-anticipated deal.
  • 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
  • Address 425 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
notes
The 85-year ground lease was sold. Price n/a.
  • Event Sales
  • Address 1211 Sixth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 1,900,000
  • Price $ 1,500,000,000
  • Price per foot $ 789.47
notes
The 45-story office tower, which occupies the entire block between 47th and 48th streets, sold for approximately $1.5 billion, or $800 per square foot. Asking rents in the building, which is 53 percent leased to News Corp. and 13 percent leased to law firm Ropes & Gray, are rumored to be $60 to $90 per square foot. Jamestown, which acquired the property in 1999 for $600 million, will recognize a gain of nearly $1 billon on the deal.
  • Event Sales
  • Building Name The Bertelsmann building
  • Address 1540 Broadway
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 1,100,000
  • Price $ 560,000,000
  • Price per foot $ 509.09
notes
The building, primarily tenanted by Viacom and Bertelsmann, is being sold for $820 million, or $745 per square foot. The acquisition will occur in two parts. Equity Office Properties and Lehman Brothers will acquire the 900,000-square-foot office section, while Vornado will acquire the retail components (see below). The office section sold for approximately $560 million, or $622 per square foot. The building was acquired by the Paramount-Principal joint venture in mid-2004 for approximately $420 million, which equates to a profit of $400 million.
  • Event Office Leasing
  • Address 1301 Sixth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 160,000
notes
Investment bank will be expanding in the building. It had expanded by 90,000 square feet during 2005.
  • Event Retail Leasing
  • Address 745 Seventh Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 3,200
notes
10-year lease for English clothing Company's second NYC store
  • Event Retail Leasing
  • Building Name Lehman Brothers Building
  • Address 745 7th Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 1,000
notes
Chocolatier takes corner retail space for 10 years
  • Event Retail Leasing
  • Address Lehman Brothers Building
  • Neighborhood Theater District
  • Borough Manhattan
  • Square feet 1,000
notes
Chocolatier takes corner retail space for 10 years
  • Event Retail Leasing
  • Address 745 Seventh Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 1,000
notes
High-end chocolatier takes space
  • Event Sales
  • Building Name Rihga Royal
  • Address 151 West 54th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Price $ 183,000,000
notes
$40M in renovations planned
  • 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 Sales
  • Address Park Central Hotel
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 200
  • Publication Date 03/01/2005
  • Event Date 01/15/2005
  • 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 Office Leasing
  • Address 1301 Sixth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 306,700
notes
Financial services firm takes space
  • Event Retail Leasing
  • Address 745 Seventh Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 4,100
notes
Athletic shoe store to open flagship location in mid-January
  • Event Sales
  • Building Name Park Central Hotel
  • Address 870 Seventh Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Publication Date 12/01/2004
  • Event Date 10/22/2004
  • Party 1 Lehman Brothers
  • Party 1 Brokerage Sonnenblick-Goldman
  • Party 2 Highgate Holdings
notes
Investment firm signed letter of intent to purchase hotel
To see all, go to Advanced Search
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