Lightstone Group | The Real Deal New York

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Lightstone Group

460 Park Avenue
New York, NY 10022
212 616 9969
Website
info@lightstonegroup.com
Lightstone-Group
Lightstone Group
The Lightstone Group is a privately held real estate investment firm founded in 1988 by David Lichtenstein. The company'’s portfolio includes multifamily apartments, office buildings, hotels, shopping centers and industrial properties throughout the United States and Canada. The company has offices in New York City, New Jersey, Maryland, and Illinois. One of Lightstone’'s most profitable ventures began in 2002 with the acquisition of Prime Outlets, a Puerto Rico-based outlet mall. The investment firm grew the holding through add-on acquisitions until 2010, when it sold the entire Prime Outlets portfolio to Simon Property Group, netting a profit of $450 million. Its acquisition of Extended Stay Hotels was less successful. Lightstone was forced to give up control of the chain after it filed for bankruptcy in 2009. The company'’s divestments have included the 2015 sale of a portion of a Gowanus rental development to Atlantic Realty Development; acquisitions in New York include the June 2015 purchase of a residential rental building at 40 East End Avenue in Yorkville in a $32.5 million all-cash deal. As of 2015, Lightstone planned to demolish the six-story, 40-unit building on the site and replace it with an 18-story, 30-unit condominium.
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112 to 120 East 11th Street in the East Village (inset: David Lichtenstein)
08/09/16
Preservationists are lamenting the pending demolition of a row tenement buildings in the East Village, claiming that the city ignored requests to designate the area a...

Untitled-1
08/03/16
UPDATED, Aug. 3, 5:40 p.m.: Solil Management, which controls the assets of the late real estate mogul Sol Goldman, filed plans to build a 12-story...

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08/02/16
After watching Gowanus morph from an industrial neighborhood to one that’s attracting real estate development, the de Blasio administration said Monday it intends to rezone...

Mid market sales
07/26/16
...over allegations that the landlord harassed tenants. 2.) David Lichtenstein’s Lightstone Group picked up a 56-unit rental building in the Bronx for...

feat
07/21/16
San Francisco-based Carmel Partners is looking to shed 130,000 square feet of excess air rights at 118 Fulton Street, the site of its under-construction 49-story...

05/26/16
...Isaac Kassirer to buy 47-building East Harlem portfolio for $350M-plus 4. Lightstone Group plans 300-key East Village hotel: sources 5. Eastdil, Meridian tighten lock...

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05/24/16
...best after-parties to hit up. Revelers included Savanna's Christopher Schlank, Lightstone Group’s Meir Milgraum, Greg Kalikow of Kaled Management, Skyline Properties...

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05/24/16
...Street in the East Village (inset: David Lichtenstein) David Lichtenstein's Lightstone Group is planning to build a new, approximately 300-key hotel in...

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05/19/16
Questions continue to hover over Extell Development’s presence on the Israeli bond market after a tough day for U.S. real estate firms trading on the...

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05/05/16
...in the East Village (inset: David Lichtenstein) David Lichtenstein’s Lightstone Group acquired a portfolio of six multifamily rental buildings holding 181 units...

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05/04/16
...Bill de Blasio's campaign fundraising. David Lichtenstein, CEO of the Lightstone Group, was revealed as the man who donated $50,000 to the Nassau...

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04/26/16
A judge in Tel Aviv ruled against a request by Toronto-based Urbancorp to restructure the debt it raised on the Israeli bond market. The court...

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04/12/16
...From left: David Lichtenstein and Mitchell Hochberg David Lichtenstein’s Lightstone Group is funding its new 10-story rental building in Long Island...

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03/01/16
...Gowanus (inset: David Lichtenstein) What's that smell? If you ask Lightstone Group CEO David Lichtenstein, he'll tell you it isn't just the...

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01/19/16
...Seventh Avenue in Midtown (inset: David Lichtenstein) David Lichtenstein’s Lightstone Group secured $330 million in financing for the conversion of a 16-story...

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12/09/15
...land at a residential high-rise site beside the Gowanus Canal. Lightstone Group completed the environmental cleanup at 365 Bond Street as part of...

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11/23/15
...Larry Silverstein UPDATED: 12:50, Nov. 23: Brokerage Kassin Sabbagh filed suit against Lightstone Group and CEO David Lichtenstein Thursday, accusing the developer of accepting...

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11/12/15
Real estate brokers and analysts discussed a “remarkable” 2015 for the New York City market at a NYC Real Estate Expo panel on Wednesday, and speculated...

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11/04/15
...over 200 feet, were a Macklowe Properties conversion, condos from the Lightstone Group and an Ismael Leyva-designed tower from Elk Investors in Midtown...

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10/20/15
...the Schuylerville neighborhood of the Bronx, from David Lichtenstein’s Lightstone Group for $41 million. (more&hellip...

Ruby-Eli-2
10/07/15
In January, Avi Schron did something his father Ruby never had. On behalf of Cammeby’s International, he filed plans to build a new 41-story tower...

Steven Spinola
09/29/15
The real estate community and three of the New York City mayors who served over the past 30 years paid tribute Monday night to former REBNY president...

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09/25/15
...Mitchell Hochberg UPDATED, 4:40 p.m., Oct. 5: The Lightstone Group is no stranger to public, non-traded real estate investment trusts...

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09/10/15
...Street in Gowanus (inset: David Lichtenstein) UPDATED, 4:15 p.m., Sept. 10: Lightstone Group sold a portion of its contentious Gowanus rental development to...

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09/04/15
David Marx is set to become the latest New York-based real estate developer to tap into Israel’s burgeoning corporate bond market to raise funds. His...
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Lightstone Group, First Vice President, Investments and Asset Management
460 Park Avenue, New York, New York
Akiva Elazary is vice president of asset management at privately held real estate...
Lightstone Group, Director, Acquisitions and Development
460 Park Avenue, New York, New York
Meir Milgraum is director of acquisitions at privately held real estate firm Lightstone...
Lightstone Group, Senior Vice President, Investments & Capital Markets
460 Park Avenue, New York, New York
Jonathan Rabinow is chief investment officer at privately held real estate firm Lightstone...
Lightstone Group, Senior Vice President, Construction
460 Park Avenue, New York, New York
Mark Green is senior vice president of construction at privately held real estate...
Lightstone Group, Senior Vice President, Asset Management & Investments
460 Park Avenue, New York, New York
Ariel Feldhamer is vice president of asset management and investments at privately held...
Lightstone Group, Senior Vice President, Hospitality
460 Park Avenue, New York, New York
Christopher Baxter is senior vice president of hospitality at privately held real estate...
Lightstone Group, Senior Vice President, Development
460 Park Avenue, New York, New York
Scott J. Avram is senior vice president of development at privately held real...
Lightstone Group, President, Lightstone Capital Markets
460 Park Avenue, New York, New York
Kevin J. Hart is president at privately held real estate firm Lightstone Capital...
Lightstone Group, Executive Vice President, Human Resources
460 Park Avenue, New York, New York
Jennifer D. Cline is executive vice president of human resources at privately held...
Lightstone Group, Executive Vice President & General Counsel
460 Park Avenue, New York, New York
Joseph Teichman is executive vice president and general counsel at privately held real...
Lightstone Group, Executive Vice President & Chief Financial Officer
460 Park Avenue, New York, New York
Donna Brandin is CFO and treasurer at privately held real estate firm Lightstone...
Lightstone Group, First Vice President, Investments and Asset Management
460 Park Avenue, New York, New York
...
Lightstone Group, Director, Acquisitions and Development
460 Park Avenue, New York, New York
...
Lightstone Group, Executive Vice President, Human Resources
460 Park Avenue, New York, New York
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Lightstone Group, President, Lightstone Capital Markets
460 Park Avenue, New York, New York
...
Lightstone Group, Senior Vice President, Development
460 Park Avenue, New York, New York
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Lightstone Group, Senior Vice President, Hospitality
460 Park Avenue, New York, New York
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Lightstone Group, Senior Vice President, Asset Management & Investments
460 Park Avenue, New York, New York
...
Lightstone Group, Senior Vice President, Construction
460 Park Avenue, New York, New York
...
Lightstone Group, Senior Vice President, Investments & Capital Markets
460 Park Avenue, New York, New York
...
Lightstone Group, Executive Vice President & General Counsel
460 Park Avenue, New York, New York
...
Lightstone Group, Executive Vice President & Chief Financial Officer
460 Park Avenue, New York, New York
...
Lightstone Group, Chief Development Manager
460 Park Avenue, New York, NY, (212) 616-9969
Veronica Hackett, who goes by Ronne, is a real estate executive and the...
  • Event Sales
  • Address 40 East End Avenue
  • Neighborhood Yorkville
  • Borough Manhattan
  • Price $ 32,500,000
  • Publication Date 07/01/2015
  • Event Date 05/22/2015
  • Party 1 Emanuel Cherney
  • Party 1 Brokerage Citi Habitats
  • Party 1 Broker Terry di Paolo
  • Party 2 Lightstone Group
  • Party 2 Brokerage Oxford Property Group
  • Party 2 Broker Adam Mahfouda
notes
The residential building sold for $32.5 million. The firm plans to demolish the building and replace it with an 18-story, 30-unit condominium. Additional information: 6 stories, 40 residential units, 3 commercial units
  • Event Sales
  • Address 92 Fulton Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 23,250,000
notes
The buildings sold for $23.25 million. Includes 94 Fulton Street. Additional information: 2 buildings
  • Event Sales
  • Address 1407 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 1,100,000
  • Price $ 330,000,000
  • Publication Date 06/01/2015
  • Event Date 04/22/2015
  • Party 1 Lightstone Group
  • Party 1 Brokerage Savills Studley
  • Party 1 Broker Woody Heller, Will Silverman
  • Party 2 Shorenstein Realty Services
  • Party 2 Brokerage HFF
  • Party 2 Broker Eric Anton, Andrew Scandalios, David Fowler
notes
The office building's ground lease sold for $330 million.
  • Event Sales
  • Address 1407 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 1,000,000
  • Price $ 330,000,000
  • Publication Date 06/01/2015
  • Event Date 04/22/2015
  • Party 1 Lightstone Group
  • Party 1 Brokerage Savills Studley
  • Party 1 Broker Woody Heller, Will Silverman, Eric Negrin
  • Party 2 Brokerage HFF
  • Party 2 Broker Eric Anton, Andrew Scandalios, David Fowler
notes
The building sold for just over $330 million.
  • Event Office Leasing
  • Address 1407 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 13,719
  • Publication Date 04/01/2014
  • Event Date 02/20/2014
  • Party 1 Lightstone Group, Lightstone Value Plus REIT
  • Party 1 Brokerage CBRE
  • Party 1 Broker Peter Turchin, Gregg Rothkin, Amanda Bokman, Ben Fastenberg
  • Party 2 Techstars
  • Party 2 Brokerage CBRE
  • Party 2 Broker Ross Zimbalist
notes
The startup accelerator signed a lease for the entire 24th floor.
  • Event Office Leasing
  • Address 1407 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 13,729
  • Publication Date 03/01/2014
  • Event Date 01/20/2014
  • Party 1 Lightstone Group
  • Party 1 Brokerage CBRE
  • Party 1 Broker Amanda Bokman, Peter Turchin, Gregg Rothkin, Ben Fastenberg
  • Party 2 Land's End
  • Party 2 Brokerage CBC Hunter Realty
  • Party 2 Broker Francine Oro
notes
The lifestyle brand signed a 10-year office lease for the entire 27th floor. The tenant is relocating from a smaller space at 530 Seventh Avenue.
  • Event Financing
  • Address 15 Dutch Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 43,000,000
  • Publication Date 09/01/2013
  • Event Date 07/23/2013
  • Party 1 Lightstone Group
  • Party 2 Banco Inbursa SA
notes
A $43 million construction loan was provided for a luxury residential development, the Wall Street Journal reported. The properties are located at 112, 114, 116, 118 and 120 Fulton Street and include air rights to 41 and 43 John Street, 80, 86 and 88 Nassau Street, and 122 Fulton Street. Development site
  • Event Sales
  • Address 112 Fulton Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 63,000,000
  • Publication Date 03/01/2013
  • Event Date 01/20/2013
  • Party 1 Castega 114-116 Fulton Street LLC, 120 Fulton Realty, Suey Jin Lam, Time Equities
  • Party 2 The Lightstone Group
notes
The three mixed-use buildings and adjacent air rights sold for $63 million. Lightstone has permission to demolish the three buildings, one source told The Real Deal recently, and may develop a mixed-use property. According to Trd's calculations, the development could exceed 300,000 square feet. Includes 114 and 120 Fulton Street.
  • Event Retail Leasing
  • Address 1407 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 3,381
notes
The Halloween costume and accessories retailer signed a lease for a pop-up store.
  • Event Retail Leasing
  • Address 1407 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 1,378
  • Publication Date 12/01/2012
  • Event Date 10/22/2012
  • Party 1 Lightstone Group
  • Party 1 Brokerage New Street Realty Advisors
  • Party 1 Broker Matthew Gorman, Joshua Gettler
  • Party 2 Pie Face
  • Party 2 Brokerage CBRE
  • Party 2 Broker Robert Bonicoro
notes
The bakery and café signed a long-term lease for another location.
  • Event Office Leasing
  • Address 1407 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 32,359
  • Price per foot $ 52.00
  • Publication Date 05/01/2009
  • Event Date 03/22/2009
  • Party 1 The Lightstone Group
  • Party 1 Brokerage Kaufman Organization
  • Party 1 Broker Grant Greenspan, Michael Heaner, Howard Rosenblum
  • Party 2 Geneva Watch Group
  • Party 2 Brokerage Lansco Corporation
  • Party 2 Broker Steven Kaplan, Jack Wallis
notes
The watchmaker signed a 10-year lease to relocate to the building's entire fourth floor, which will be used for showroom and office space. The company is moving from 47-50 33rd Street in Long Island City. Geneva also has a small showroom at 390 Fifth Avenue.
Manhattan, 10018
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300 Hotel Units ...
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136 WILLIAM STREET
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Lightstone Group, CGS BUILDERS LLC
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Manhattan, 10028
Lightstone Group, 40 EAST END AVE. ASSOCIATES LLC
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33 BRE INC.
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Lightstone Group, LIGHTSTONE ACQUISITIONS X LLC
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Manhattan, 10018
1407 BROADWAY
The 42-story, 512-foot office and retail building at 1407 Broadway in Manhattans Garment...
Brooklyn, 11231
Lightstone Group, 363 GOWANUS DEVELOPERS LLC
Part of 365 Bond Street development. ...
Brooklyn, 11231
Lightstone Group, LSG 365 BOND STREET LLC
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Queens, 11101
Lightstone Group|Alert Garage, ALERT GARAGE CORP
...

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11/04/15
Residential developers focused their activity on smaller projects outside of Manhattan this October, with permit activity heavily concentrated in Brooklyn. The three tallest residential plans filed...

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All the talk about a second wave of condo development in Brooklyn is finally coming to fruition. On the heels of a rental boom, the...

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Queens, 11101
Lightstone Group, CGS BUILDERS LLC
...
Manhattan, 10028
Lightstone Group, 40 EAST END AVE. ASSOCIATES LLC
...
Manhattan, 10038
Lightstone Group, LIGHTSTONE ACQUISITIONS X LLC
...
Brooklyn, 11231
Lightstone Group, LSG 365 BOND STREET LLC
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Brooklyn, 11231
Lightstone Group, 363 GOWANUS DEVELOPERS LLC
Part of 365 Bond Street development. ...
Queens, 11101
Lightstone Group|Alert Garage, ALERT GARAGE CORP
...
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