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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 multi-family 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 and 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. –MK
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Lightstone ft
04/12/16
David Lichtenstein’s Lightstone Group is funding its new 10-story rental building in Long Island City with a $75 million construction loan from the Canadian Imperial...
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03/01/16
What’s that smell? If you ask Lightstone Group CEO David Lichtenstein, he’ll tell you it isn’t just the canal — it’s money. The developer is finally...
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01/19/16
David Lichtenstein’s Lightstone Group secured $330 million in financing for the conversion of a 16-story Times Square office building into a new hotel. Tags: Eretz Group,...
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12/09/15
From the December issue: State officials announced that a developer has finished cleaning up contaminated land at a residential high-rise site beside the Gowanus Canal....
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11/23/15
UPDATED: 12:50, Nov. 23: Brokerage Kassin Sabbagh filed suit against Lightstone Group and CEO David Lichtenstein Thursday, accusing the developer of accepting a $3 million...
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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
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10/20/15
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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...
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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
UPDATED, 4:40 p.m., Oct. 5: The Lightstone Group is no stranger to public, non-traded real estate investment trusts geared toward particular markets, having sponsored and launched...
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09/10/15
UPDATED, 4:15 p.m., Sept. 10: Lightstone Group sold a portion of its contentious Gowanus rental development to Atlantic Realty Development for $75 million, according to property records...
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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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08/04/15
A little more than a month after stepping down as the longest-serving president at the Real Estate Board of New York, Steven Spinola is getting back...
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07/13/15
What do Allan Gross, Joel Wiener, Boaz Gilad and David Lichtenstein have in common? No, this isn’t the setup to a bad real estate joke....
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06/26/15
The Cherney family acquired a mixed-use rental building at 455 Hudson Street in the West Village this week for $30 million, The Real Deal has learned....
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06/02/15
David Lichtenstein’s Lightstone Group has acquired a residential rental building at 40 East End Avenue in Yorkville in a $32.5 million all-cash deal. Tags: david...
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05/26/15
David Lichtenstein’s the Lightstone Group picked up a pair of Fulton Street development sites from Fisher Brothers for more than $23 million, property records filed with the...
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04/23/15
Dvir Cohen Hoshen and Omri Sachs, the founders of Adam America, have development pedigrees in places as far-flung as Romania, Moldova, Ukraine and Turkey. So...
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04/15/15
Clockwise from left: A rendering of 10 Riverside Boulevard, 29-37 41st Avenue, Sharif El-Gamal, Metin Negrin and 75 Nassau Street If the top 10 biggest...
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03/30/15
David Lichtenstein’s Lightstone Group paid $15 million earlier this month to buy air rights for the 50-story mixed-use tower the company is building in the...
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03/26/15
The fight between Michael Stern’s JDS Development Group and a prominent construction trade group spread to a real estate conference Thursday morning, as protesters rallied outside...
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03/24/15
UPDATED, 2:06 p.m., March 24: Lightstone Group filed plans today for a 50-story mixed-use residential and hotel building in the Financial District at 128 William...
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02/20/15
UPDATED, 11:35 a.m., Feb. 20: Shorenstein Realty Services is in contract to pay $330 million for the ground lease at 1407 Broadway, a 1.1 million-square-foot office building...
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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
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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
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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
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Lightstone Group, Executive Vice President & Chief Financial Officer
460 Park Avenue, New York, New York
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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 1407 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 1,100,000
  • Price $ 330,000,000
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
notes
The building sold for just over $330 million.
  • 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 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
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.
  • 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.
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Solil Management|Lightstone Group|Abraham Kamber & Company
The 42-story, 512-foot office and retail building at 1407 Broadway in Manhattans Garment...
Brooklyn, 11231
Lightstone Group
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Brooklyn, 11231
Lightstone Group
Part of 365 Bond Street development. ...
Queens, 11101
Lightstone Group|Alert Garage
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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...
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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,...
Brooklyn, 11231
Lightstone Group
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Brooklyn, 11231
Lightstone Group
Part of 365 Bond Street development. ...
Queens, 11101
Lightstone Group|Alert Garage
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