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.


Moxy-485-7th-Aveb-1600x600
11/09/16
...Square South at 485 Seventh Avenue (credit: Lightstone) David Lichtenstein’s Lightstone Group hopes to sell the retail space and garage at the...

Gowanus-FB
11/07/16
Gowanus is seeing a spike in rents and real estate investment as the city considers rezoning the neighborhood for more residential development, according to a...

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10/21/16
...East Village (inset: David Lichtenstein) New York Insulation, the company Lightstone Group has selected to remove asbestos at its East Village hotel...

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10/07/16
The city is getting ready to kick off the process of rezoning Gowanus to allow more housing later this month. Tags: Gowanus, nyc affordable housing,...

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10/03/16
Airbnb claims that some of its loudest critics are nothing more than a front group for the hotel industry. Tags: airbnb, hotel industry ...

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09/16/16
...th Street in the East Village (inset: David Lichtenstein) The Lightstone Group is plowing ahead with its plans for a 13-story hotel...

Larry-Lichtenstein-feature
09/15/16
...the September issue: David Lichtenstein is the CEO of the Lightstone Group, a Manhattan-based real estate firm with a $2 billion portfolio that...

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09/01/16
In the months leading up to the 2016 presidential election, politicians aren’t the only ones flip-flipping. In the Republican-leaning world of New York real estate,...

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...

ICSCDay3Front Fbox
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...

licheastfeature
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...

telavivfeature
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...

Lightstone ft
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...

kamisnky feature
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...

Tel Aviv Stock Exchange Alan Sanskin thumb
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...

Lightstone ft
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...

Bond-Street-Lightstone-ft
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...

Lightstone ft
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...

David Lichtenstein Larry Silverstein thumb
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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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
...
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
...
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 112-120 East 11th Street, 85 East 10th Street
  • Neighborhood East Village
  • Borough Manhattan
  • Price $ 127,000,000
notes
The 6-building portfolio sold for $127 million.
  • Event Financing
  • Address 30-02 39th Avenue
  • Neighborhood Long Island City
  • Borough Queens
  • Price $ 30,000,000
  • Publication Date 07/01/2016
  • Event Date 05/15/2016
  • Party 1 Lightstone Group
  • Party 2 CIM Commercial Trust Corporation
notes
The company secured a $30 million mezzanine loan.
  • Event Financing
  • Address 30-02 39th Avenue
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 413,000
  • Price $ 75,000,000
  • Publication Date 05/01/2016
  • Event Date 03/17/2016
  • Party 1 Lightstone Group
  • Party 2 Canadian Imperial Bank of Commercial
notes
The company secured a $70 million loan consisting of a $65.1 million building loan and a $9.9 million project loan.
  • Event Sales
  • Address 30-17 40th Avenue
  • Neighborhood Long Island City
  • Borough Queens
  • Price $ 23,200,000
  • Publication Date 03/01/2016
  • Event Date 01/01/2016
  • Party 1 Atlantic Garage
  • Party 2 Lightstone Group
notes
The development site was sold for $23.2 million.
  • Event Financing
  • Address 485 Seventh Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 235,000
  • Price $ 330,000,000
notes
The company secured a $330 million contruction loan.
  • Event Sales
  • Address 92 Fulton Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 23,250,000
notes
[EMPTY]
  • 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
notes
[EMPTY]
  • Event Sales
  • Address 1407 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 1,100,000
  • Price $ 330,000,000
  • Price per foot $ 300.00
notes
[EMPTY]
  • Event Sales
  • Address 485 Seventh Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 200,000,000
  • Publication Date 01/01/2015
  • Event Date 11/17/2014
  • Party 1 Eretz Group
  • Party 2 Lightstone Group
notes
[EMPTY]
  • Event Sales
  • Address 112-118 Fulton Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 171,000,000
  • Publication Date 11/01/2014
  • Event Date 09/17/2014
  • Party 1 Lightstone Group
  • Party 2 Caramel Partners
notes
[EMPTY]
  • Event Retail Leasing
  • Address 50-01 2nd Street
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 4,270
notes
The hospital signed a lease at Gantry Park Landing, a luxury rental building.
  • Event Retail Leasing
  • Address 50-01 2nd Street
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 1,059
notes
The coffee, tea and wine shop signed a lease at Gantry Park Landing, a luxury rental building.
  • Event Retail Leasing
  • Address 50-01 2nd Street
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 7,590
notes
The market signed a lease at Gantry Park Landing, a luxury rental building.
  • Event Office Leasing
  • Address 1407 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 13,719
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
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 Retail Leasing
  • Address 1407 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 1,378
notes
The bakery and café signed a long-term lease for another location.
  • 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 Sales
  • Address 385 McDonald Avenue
  • Neighborhood Kensington
  • Borough Brooklyn
  • Price $ 7,400,000
notes
[EMPTY]
  • Event Sales
  • Address 2505 Bruckner Boulevard
  • Neighborhood Unionport
  • Borough Bronx
  • Price $ 30,000,000
  • Publication Date 07/01/2012
  • Event Date 05/17/2012
  • Party 1 Kbt Theatres LLC
  • Party 2 Lightstone Group
notes
[EMPTY]
  • Event Sales
  • Address Fairfield Towers
  • Neighborhood Midtown
  • Borough Brooklyn
  • Price $ 90,000,000
notes
[EMPTY]
Manhattan, 10018
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Manhattan, 10003
300 Hotel Units ...
Manhattan, 10038
136 WILLIAM STREET
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Queens, 11101
Lightstone Group, CGS BUILDERS LLC
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Queens, 11101
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Manhattan, 10028
Lightstone Group, 40 EAST END AVE. ASSOCIATES LLC
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Manhattan, 10038
33 BRE INC.
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Manhattan, 10038
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
...

unnamed (6) thumb
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...

stamps-
Investors have poured more than $3.7 billion into several dozen projects around New York City via the EB-5 program since 2009. And while the industry...

Private-Equity-2
With competition for New York City real estate fiercer than ever, real estate-focused private equity funds are coming up with new strategies to pump up...

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...

036-037 Brooklyn inventory se FINAL.indd
Bidding wars. All-cash offers. Foreign buyers. Off-market sales. The telltale signs of New York City’s housing crunch have dominated headlines in recent years, as pent-up...

038 Brooklyn's top developers se FINAL.indd
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...

044-045 Fidi se FINAL.indd
True to its name, the Financial District was historically the center of business in New York City. But when it comes to commercial real estate,...
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
...
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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