TIAA-CREF | The Real Deal New York

The Real Deal New York

trd topics
X


NAME


EMAIL


SUGGESTED
UPDATE


captcha

Please type the words that appear above
Than click SUBMIT
TIAA-CREF

730 Third Avenue
New York, New York 10017
(212)-490-9000
Website
TIAA-CREF
TIAA-CREF is a large pension fund investing for academics, researchers, government workers and others. It was founded in 1918 by Andrew Carnegie, and has since become a major player in the real estate industry. The fund began investing in real estate in 1934 and then broke into direct ownership in New York City real estate at the end of World War II when the fund purchased a storefront in Queens and an office building in Midtown. TIAA-CREF’s real estate account has outpaced comparable real estate funds in recent years, averaging roughly 10 percent returns in recent years. It also has bought stakes in various office buildings and high-end retail storefronts (such as Apple’s 14th Street building). Among TIAA-CREF’s premier properties over the years are the famed Seagram Building (which it sold in 2000) and 7 World Trade Center. Its most recent expansion, the 2014 acquisition of Henderson Global Investors, resulted in a huge boost to the pension’s real estate holdings to more than $80 billion.
1
CANCEL
Subscribe to download data from The Real Deal's research site.
WHY SUBSCRIBE? SUBSCRIBE

CANCEL
To register, please enter your email and choose a password with at least six characters.

Eddie Sitt and 2 Herald Square
05/10/16
Eddie Sitt is heading back to court with new accusations against his brothers Ralph and David of the family-owned Sitt Asset Management, after a Manhattan...
vornado
04/06/16
Vornado Realty Trust and Aurora Capital Associates rounded up 40,000 square feet in air rights from the Apple Store building and three other nearby Meatpacking...
Atelier
04/01/16
On a September earnings call, Equity Residential COO David Santee told investors that Brooklyn’s slowing rental demand and a wave of new inventory were “really...
mima fb
02/05/16
Kuafu Properties and Shanghai Construction Group America, the U.S. arm of one of China’s leading construction companies, are gearing up to launch sales at 1...
1-mimathumb
01/05/16
Kuafu Properties and Shanghai Construction Group pulled off a nearly $212 million loan for its $261 million acquisition of 1 MiMA Tower in Hell’s Kitchen. Tags:...
Doorman Jereme Herring poses for a portrait in front of the 341 Eastern Parkway luxury apartments in Crown Heights, Brooklyn, N.Y.

CREDIT:  Bryan Anselm for ProPublica
12/30/15
When Isaac Bowman got a concierge job at a Queens apartment building last year, he hoped it would be his ticket out of a homeless...
KarstenKallevigfbox
12/17/15
Norway’s $840 billion sovereign wealth fund named Karsten Kallevig as the head of its new real estate group, formed this summer to expand the fund’s...
Wayne Outten 3 Park Avenue 685 Third Avenue thumb
12/15/15
Law firm Outten & Golden will move from glitzy Park Avenue to a new, less-expensive home at 685 Third Avenue. But who doesn’t like saving...
Roger Ferguson 350 West 15th thumb
11/18/15
Global financial services giant TIAA-CREF continued its push into the Meatpacking District, picking up a third large warehouse property. The company is in contract to...
Roger W Ferguson 685 Third Avenue thumb
11/17/15
Nonprofit financial services giant TIAA-CREF bought hundreds of thousands of acres of Brazilian land since 2012, bypassing restrictions on purchases by foreigners, according to new...
401 West 14th Street in the Meatpacking District (inset: Taconic's Charlie Bendit)
11/13/15
Taconic Investment Partners and TIAA-CREF secured a $89 million mortgage refinancing at 401 West 14th Street in the Meatpacking District, the home of an Apple...
Savoy Park
11/02/15
L+M Development Partners is seeking investment partners for two large multifamily complexes — Savoy Park in Harlem and Lafayette Boynton Apartments in the South Bronx...
Charlie Bendit Movielab thumb
10/14/15
The nonprofit New York Stem Cell Foundation is in talks to take 40,000 square feet on the second and third floors of the Movielab building...
KTCU-51-AstorFB
10/06/15
UPDATED, 3:44 p.m., Oct. 8: The Korean Teachers’ Credit Union recently bought a minority stake in Edward Minskoff’s 51 Astor Place, a deal that values the...
Ariel Property Advisors
07/13/15
New York City multifamily sales totaled $1.1 billion in May and had year-over-year gains for the third consecutive month. Tags: ariel property advisors, multi-family market,...
505 fifth avenue and paul glickman-
06/01/15
Norges Bank, a Norwegian bank that manages the country’s sovereign wealth fund, is expanding its New York City headquarters at Stawski Partners’ 505 Fifth Avenue...
Ben-Silbermannthumb
05/06/15
Pinterest is opening its first New York City office at 475 Fifth Avenue. Tags: 475 fifth avenue, pinterest, tiaa-cref ...
250-n-10th-thumb
05/05/15
TIAA-CREF is buying a 234-unit residential building in Williamsburg for $169 million from a partnership between real estate investment firm LCOR and the California State...
685-third-avenuet
03/26/15
MetLife has provided a $190 million loan to fund upgrades to TIAA-CREF and the Australian Government Future Fund’s 685 Third Avenue. The five-year debt deal...
norges-11-times-square
02/05/15
Norges Bank Investment Management, a division of the central bank of Norway, is in contract to acquire a minority stake at 11 Times Square for...
837 Washington Street
01/28/15
Thor Equities and Taconic Investment Partners are selling Samsung’s offices in the Meatpacking District, located at 837 Washington Street, for a reported record price in the neighborhood....
S100_CornerView_2013-04-09
01/16/15
Real estate private equity and asset management firm Savanna bought a newly-built property in the Meatpacking District for an undisclosed amount. Tags: meatpacking district, savanna partners...
penske
01/07/15
Penske Media Corporation, the publishing company that owns such magazines as Variety and Women’s Wear Daily, inked a deal for 56,000 square feet at TIAA-CREF’s Midtown...
509fifththumb
01/07/15
Shoe brand Skechers inked a 15-year lease to take up 3,500 square feet at Jeff Sutton’s 509 Fifth Avenue. Two blocks south, Japanese design store...
6363
12/23/14
Financial services company TIAA-CREF picked up an 18,280-square-foot retail condo in Chelsea for $42 million. Tags: Avenue of the Americas, Chelsea, tiaa-cref ...
To see all, go to Advanced Search
  • Event Office Leasing
  • Address 685 Third Ave
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 13,683
  • Publication Date 06/01/2015
  • Event Date 04/22/2015
  • Party 1 TIAA-CREF
  • Party 1 Brokerage JLL
  • Party 1 Broker Don Kollar
  • Party 2 Chang Hwa Commercial Bank
  • Party 2 Brokerage First New York Realty
  • Party 2 Broker Soon H. Rhee, Norman Bobrow
notes
The Taiwan-based bank signed a 15-year renewal lease.
  • Event Office Leasing
  • Address 475 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 32,000
notes
The social media company signed a lease for its first New York City office.
  • Event Office Leasing
  • Address 475 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 16,029
notes
The investment management firm signed a 10-year lease for the entire 10th floor.
  • Event Office Leasing
  • Address 475 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 7,842
notes
The bank signed a 10-year lease for the entire 18th floor.
  • Event Office Leasing
  • Address 475 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 4,319
notes
The global provider of air conditioning and refrigeration signed a 10-year lease for the entire 21st floor.
  • Event Financing
  • Address 420 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 1,500,000
  • Price $ 145,000,000
notes
A $145 million leasehold mortgage was arranged to refinance the property. The loan was provided at a fixed rate of 7.5 percent and matures in 2016, featuring two one-year extension options. SL Green is now able to retire the former mortgage, which was due to mature in November 2010 and which carried a rate of 8.44 percent. SL Green acquired the building, which is reportedly 97 percent leased, in 1998. 31-story office building.
  • Event Sales
  • Address 200 West 72nd Street
  • Neighborhood Lincoln Square
  • Borough Manhattan
  • Price $ 209,000,000
  • Price per foot $ 1,400.00
notes
The rental building known as the Corner sold for $209 million, or about $1,400 per square foot. The selling group will hold onto the 48,000-square-foot retail space in the property, currently home to Trader Joe's and Duane Reade.
  • Event Sales
  • Address 750 Third Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Price $ 255,000,000
notes
[EMPTY]
  • Event Sales
  • Address 685 Third Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 500,000
  • Price $ 190,000,000
  • Price per foot $ 340.00
  • Publication Date 10/01/2010
  • Event Date 08/22/2010
  • Party 1 TIAA-CREF
  • Party 1 Brokerage CBRE
  • Party 2 TIAA-CREF
notes
The building closed for $190 million, or about $340 per square foot. In June, it was reported that more than a dozen bidders were vying for the property with prices hovering around $150 million. The closing price is approximately 27 percent higher than the offers.
  • Event Sales
  • Address 1511 Third Avenue
  • Neighborhood Yorkville
  • Borough Manhattan
  • Price $ 60,000,000
notes
The property sold for $60 million. The building is fully leased to two retail tenants: the Gap on the ground floor and basement and Equinox on the upper three floors. The New York Observer reported that the buyer was TIAA-CREF and that the seller was the Related Companies.
  • Event Sales
  • Address 425 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Price $ 315,000,000
  • Publication Date 07/01/2011
  • Event Date 05/22/2011
  • Party 1 Goelet family
  • Party 2 TIAA-CREF
notes
The land underneath the building sold for $315 million.
  • Event Sales
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Price $ 225,000,000
  • Publication Date 07/01/2004
  • Event Date 05/22/2004
  • Party 1 TIAA-CREF
  • Party 2 SL Green and The City Investment Fund
notes
SL Green to own 37.5% of building
  • Event Sales
  • Address 475 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 280,000
  • Price $ 144,000,000
  • Price per foot $ 514.00
  • Publication Date 11/01/2011
  • Event Date 09/22/2011
  • Party 1 Barclays Capital Real Estate
  • Party 1 Brokerage CBRE
  • Party 1 Broker Darcy Stacom, William Shanahan
  • Party 2 TIAA-CREF
notes
The property sold for $144 million, or about $514 per square foot. A joint venture of real estate developer Joseph Moinian and Westbrook Capital acquired 475 Fifth Avenue, located at 41st Street, in 2007 for $160 million, but lender Barclays took the property back in 2009 through a deed in lieu of foreclosure.
  • Event Sales
  • Building Name 116-118 East 55th Street
  • Address 116 East 55th Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 40,000
  • Price $ 35,000,000
notes
To house SUNY graduate school. Includes 120 East 55th Street; 119 and 121 East 54th Street.
  • Event Retail Leasing
  • Address 780 Third Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 2,000
notes
French Bistro by Mario Verciani takes space
  • Event Office Leasing
  • Address 780 Third Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 9,425
  • Price per foot $ 110.00
notes
The bank inked a lease for the entire 16th floor, bringing the 50-story office tower to full occupancy.
  • Event Office Leasing
  • Address 780 Third Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 4,278
  • Publication Date 05/01/2006
  • Event Date 03/22/2006
  • Party 1 TIAA-CREF
  • Party 1 Brokerage JRT Realty
  • Party 1 Broker Greg Smith
  • Party 2 Interventure Capital Group
  • Party 2 Brokerage Cresa Partners
  • Party 2 Broker Marcus Rayner, Ed Wartels
notes
Asset management advisor opens its first New York City office and inks a five-year lease for space on the property's 24th floor.
  • Event Office Leasing
  • Address 780 Third Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 2,446
  • Publication Date 11/01/2008
  • Event Date 09/22/2008
  • Party 1 TIAA-CREF
  • Party 1 Brokerage JRT Realty, Cushman & Wakefield
  • Party 1 Broker Jodi Pulice, Greg Smith, James Clifford
  • Party 2 Twenty-First Securities Corporation
notes
The financial services firm leased space.
  • Event Office Leasing
  • Address 780 Third Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 9,500
  • Publication Date 11/01/2008
  • Event Date 09/22/2008
  • Party 1 TIAA-CREF
  • Party 1 Brokerage JRT Realty, Cushman & Wakefield
  • Party 1 Broker Greg Smith, James Clifford
  • Party 2 Garrigues
  • Party 2 Brokerage Helmsley Spear
  • Party 2 Broker Stanley Conway
notes
The law firm inked a 10-year lease for the entire 35th floor.
  • Event Office Leasing
  • Address 780 Third Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 4,146
  • Price per foot $ 70.00
  • Publication Date 12/01/2010
  • Event Date 10/22/2010
  • Party 1 TIAA-CREF
  • Party 1 Brokerage JRT Realty
  • Party 1 Broker Jodi Pulice, Greg Smith, Kate Pezzolla
  • Party 2 Jeffrey Modell Foundation
notes
The nonprofit signed a lease on the 47th floor.
  • Event Office Leasing
  • Address 780 Third Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 11,300
  • Publication Date 07/01/2008
  • Event Date 05/22/2008
  • Party 1 TIAA-CREF
  • Party 1 Brokerage JRT Realty
  • Party 2 Hinshaw & Culbertson
  • Party 2 Brokerage US Equities
notes
The law firm signed a lease.
  • Event Office Leasing
  • Address 780 Third Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 9,225
notes
The global investment bank signed a lease.
  • Event Office Leasing
  • Address 780 Third Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 7,910
notes
The Japanese bank signed a lease for its New York offices.
  • Event Office Leasing
  • Address 780 Third Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 4,569
notes
The semiconductor technology company inked a lease.
  • Event Office Leasing
  • Address 780 Third Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 9,825
notes
The nonprofit signed a lease.
To see all, go to Advanced Search
Manhattan, 10017
SL Green Realty|Landgray Associates
420 Lexington Avenue, or The Graybar Building, is an office skyscraper at 420-430...
admin-ajax
Low interest rates, brisk sales, a more active commercial mortgage-backed securities market and white-hot land prices helped drive a surging investment sales market in 2014...
Click to enlarge
The uncertain economy kept larger companies at bay in 2012 when it came to buying and leasing Manhattan office buildings. On the investment sales side,...
Click to enlarge
Click to enlargeIt’s well-documented that Midtown South has become New York’s hub of new technology and media. But with available office space in the area...
New York Office Leasing
Click to enlargeAs everyone knows, the Lehman Brothers bankruptcy and the economic chaos that followed wreaked havoc on the Manhattan commercial market. On the sales...
Michael and Paul Ippolito Executive VPs and Principals, Newmark & Co. --Although the Ippolito brothers, Michael and Paul, joined Newmark at a difficult time, they were rescued...
MENU