Property Markets Group | The Real Deal New York

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Property Markets Group

5 East 17th Street
New York, NY 10003
(212) 610-2800
Website
PMG
Property Markets Group
Property Markets Group is a real estate development and acquisition firm founded in 1991. The group, run by Kevin Maloney, has more than $3 billion in real estate assets under management, including residential, hotel, commercial, and resorts. About three-quarters of the firm’s work in the New York City area, with the remaining projects in Florida and Chicago. For years Property Markets had been a long-time partner with JD Development Group, collaborated together on the record-setting Walker Tower (which Property Markets purchased in 2010), 202 8th Street in Gowanus (where Property Markets has had a burgeoning interest), and the rental building at 50 North First Street. However, in 2014 the firms took a break from each other due to personality divergences between Maloney and JDS owner Michael Stern, as well as organizational differences between the firms. Property Markets also has taken an interest in Long Island City, building a rental tower in Queens Plaza.
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23-01 42nd Roadfeat
08/18/16
...in Long Island City and Kevin Maloney Kevin Maloney’s Property Markets Group is looking to sell a newly built and still empty...

feat'
08/16/16
...Steven Hafner and Walker Tower unit 18A A Property Markets Group executive finally shed his duplex at Walker Tower by selling...

Spindler Stern small
08/05/16
Developers Gary Spindler and Roy Schoenberg are suing Michael Stern’s JDS Development to block the firm’s planned supertall rental tower on the Lower East Side....

111-leroy-street
07/15/16
...Jay Wintrob) Oaktree Capital Management gave a $43 million boost to Property Markets Group...

PMG Gowanus
07/15/16
...Street in Gowanus and David Junik UPDATED, 5:49 p.m., July 15: Property Markets Group is in contract to acquire a development site with 332,000 buildable...

07/15/16
Michael Namer’s Alfa Development has snagged a $113.6 million construction loan from Wells Fargo and Santander Bank for its condominium development at 200 East 21st...

Queens-Plaza-Tower-PMG-Development-Maloney-LIC-Development-Rentals-3 ft
07/08/16
...at 29-37 41st Avenue and Kevin Maloney Kevin Maloney’s Property Markets Group and the Hakim Organization are looking to sell their 1 million-square-foot...

2016-07-08 (2)
07/08/16
When 15 Central Park West was set to kick off construction in 2005, the building’s co-developer William Zeckendorf made what would turn out to be...

Untitled-5
06/23/16
UPDATED: June 23, 4:12 p.m.: Without breaking much of a sweat, LA Fitness CEO Louis Welch sold his Walker Tower penthouse condominium unit for $45 million,...

feature1
06/13/16
...modern art gallery Hauser and Wirth will be moving into Property Markets Group’s West 22nd Street building. (more&hellip...

111-West-57th-Street-e1462993850828 thumb
05/11/16
...West 57th Street is quiet these days. In March, developers Property Markets Group and JDS Development Group confirmed that the once-imminent sales launch...

160 Leroy Ian Schrager thumb
05/04/16
Call it the (overpriced) penthouse effect. After shooting for the stars with an $80 million penthouse at 160 Leroy Street, Ian Schrager is the latest...

111-West-57-feature
05/03/16
...Street, filed a $105 million lawsuit against JDS Development Group and Property Markets Group, alleging the developers engaged in a scheme that diluted AmBase's...

A rendering of 111 West 57th Street
04/29/16
...Michael Stern’s JDS Development Group and Kevin Maloney’s Property Markets Group are facing a $105 million lawsuit from partner AmBase Corp. centered...

JDS-Cherry-Street
04/27/16
UPDATED, April 27, 7:39 p.m.: Legend has it that part of Dave Thomas’ strategy for growing Wendy’s into one of the world’s largest fast food...

belnord-final-fbox
04/19/16
The Belnord – the stately, century-old residential complex in the heart of the Upper West Side – is officially going condo with a total price...

shaoul fb kelly
04/15/16
A shift in the market for luxe apartments is already leading some developers to switch up their marketing teams. In the first of what insiders...

Michael Stern
04/13/16
...residential tower, which his firm is co-developing with Kevin Maloney's Property Markets Group, won't launch until 2017. Watch the above video for a look...

condo-analysis-feature
04/12/16
It sure was fun for developers while it lasted. But those now bringing new product to Manhattan have more tempered expectations. The overall projected sellout...

top permits march 2016 thumb
04/07/16
Queens developers dominated the list of March’s largest real estate permit filings, accounting for half of the top 10 projects. Monadnock Development’s affordable, 226,000-square-foot One...

PHfbox
04/06/16
So this is what a “penthouse correction” looks like? Of the 261 penthouse units for sale in Manhattan as of April 1, more than 35...

SoFla-feature
04/05/16
Change is everywhere in South Florida, from the suburbs of Palm Beach County to the main avenues and street corners of Miami and Miami Beach....

sales pause 57th street fb
03/31/16
...lying idle for quite a while. JDS Development Group and Property Markets Group will wait about a year before launching sales at their...

blau fb
03/30/16
Billionaires’ Row isn’t for everyone. The Related Companies has no interest in doing condominium deals on or around the crowded 57th Street corridor, CEO Jeff Blau...

111leroythumb
03/22/16
...via 6sqft After a thumbs-down from the local community board, Property Markets Group scaled down its condominium and townhouse project at 111 Leroy Street...
To see all, go to Advanced Search
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 12E
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 1,725,934
  • Publication Date 04/20/2015
  • Event Date 03/26/2015
  • Party 1 JDS Development , Property Markets Group
  • Party 2 Gayle Wright, Robert Realmuto
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 10F
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 4,582,125
  • Publication Date 04/09/2015
  • Event Date 03/25/2015
  • Party 1 JDS Development , Property Markets Group
  • Party 2 425 West 50th Street LLC
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 10H
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 729,067
  • Publication Date 04/03/2015
  • Event Date 03/18/2015
  • Party 1 JDS Development , Property Markets Group
  • Party 2 Stella 10h LLC
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 15G
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 1,807,394
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 12B
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 840,056
  • Publication Date 04/03/2015
  • Event Date 03/16/2015
  • Party 1 JDS Development , Property Markets Group
  • Party 2 Mehmet Baltaci
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 16E
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 2,087,413
  • Publication Date 03/25/2015
  • Event Date 03/16/2015
  • Party 1 JDS Development , Property Markets Group
  • Party 2 Julia Greer
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 12C
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 3,767,525
  • Publication Date 03/24/2015
  • Event Date 03/13/2015
  • Party 1 JDS Development , Property Markets Group
  • Party 2 Iron Tailor LLC
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 16B
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 2,540,534
  • Publication Date 04/06/2015
  • Event Date 03/13/2015
  • Party 1 JDS Development , Property Markets Group
  • Party 2 Emin Kutucular
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 12G
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 3,665,700
  • Publication Date 03/24/2015
  • Event Date 03/11/2015
  • Party 1 JDS Development , Property Markets Group
  • Party 2 WESTBURY HOLDINGS
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 12D
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 1,344,090
  • Publication Date 03/25/2015
  • Event Date 03/11/2015
  • Party 1 JDS Development , Property Markets Group
  • Party 2 Jacinta Orlando, Gus Samios
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 10E
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 2,851,100
  • Publication Date 03/18/2015
  • Event Date 03/10/2015
  • Party 1 JDS Development , Property Markets Group
  • Party 2 Mehmet Karabag
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 14B
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 4,073,000
  • Publication Date 03/25/2015
  • Event Date 03/10/2015
  • Party 1 JDS Development , Property Markets Group
  • Party 2 Stella Tower #14b, LLC
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 12F
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 1,588,470
  • Publication Date 03/05/2015
  • Event Date 02/26/2015
  • Party 1 JDS Development , Property Markets Group
  • Party 2 Thomas Schieble
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 12J
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 1,303,360
  • Publication Date 03/04/2015
  • Event Date 02/24/2015
  • Party 1 JDS Development , Property Markets Group
  • Party 2 Jane Rakow, Joel Rakow
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 12K
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 1,578,288
  • Publication Date 03/04/2015
  • Event Date 02/24/2015
  • Party 1 JDS Development , Property Markets Group
  • Party 2 425 W. 50th St. 12k, LLC
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 12A
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 3,767,525
  • Publication Date 02/25/2015
  • Event Date 02/18/2015
  • Party 1 JDS Development , Property Markets Group
  • Party 2 Farid Jano, Maha Jano
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 14A
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 2,240,150
  • Publication Date 03/13/2015
  • Event Date 02/04/2015
  • Party 1 JDS Development , Property Markets Group
  • Party 2 Bruce Hatton, Thomas Young
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 16A
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 5,905,850
  • Publication Date 02/09/2015
  • Event Date 01/30/2015
  • Party 1 JDS Development , Property Markets Group
  • Party 2 Stella Holdings, LLC
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 10J
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 1,181,170
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 10B
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 1,934,675
  • Publication Date 02/06/2015
  • Event Date 01/20/2015
  • Party 1 JDS Development , Property Markets Group
  • Party 2 Akash Gupta
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 10D
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 1,934,675
  • Publication Date 02/02/2015
  • Event Date 01/20/2015
  • Party 1 JDS Development , Property Markets Group
  • Party 2 Richard Greer , Andrew Halliday , David Greer
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 15A
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 1,985,588
  • Publication Date 01/26/2015
  • Event Date 01/14/2015
  • Party 1 JDS Development , Property Markets Group
  • Party 2 Nobulo, INC.
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 14C
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 1,445,915
  • Publication Date 01/21/2015
  • Event Date 01/14/2015
  • Party 1 JDS Development , Property Markets Group
  • Party 2 Matthew Fiorilli, Michael Fiorilli
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 14E
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 5,345,813
  • Publication Date 02/09/2015
  • Event Date 01/13/2015
  • Party 1 JDS Development , Property Markets Group
  • Party 2 Stella 14e, LLC
notes
[EMPTY]
  • Event Residential Sales
  • Building Name Stella Tower
  • Address 425 West 50th Street
  • Unit 10G
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 4,429,388
  • Publication Date 02/05/2015
  • Event Date 01/12/2015
  • Party 1 JDS Development , Property Markets Group
  • Party 2 Betula Grove LLC
notes
[EMPTY]
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Walker Tower is a residential condominium building that was converted from a 1929...
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Just a few blocks from the Holland Tunnel, the corner property at 72...
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