search

The Real Deal Logo

Trending

“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment dealLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aSL Green, Vornado kick in $100M to extend 280 Park loanSL Green, Vornado kick in $100M to extend 280 Park loanVictor Sigoura picks up site of failed West Chelsea condo for $87MVictor Sigoura picks up site of failed West Chelsea condo for $87M
New York

David Bistricer goes on unprecedented buying spree

The $1.1B Sony Building buy is not the only deal occupying the investor’s time

From left: David Bistricer and the Sony Building
From left: David Bistricer and the Sony Building

From the September issue: In 2007, little-known Brooklyn-based developer David Bistricer became a prime punching bag for federal, state and local officials.

Sign Up for the undefined Newsletter

Casting a wary eye at the over-leveraged apartment complex Stuyvesant Town, a slew of elected officials sought to block Bistricer’s bid to buy Starrett City, the massive rent-regulated Brooklyn apartment project, for what was then considered the astronomical price of $1.3 billion, or $221,000 per unit. [more]

Tags
Clipper EquityDavid Bistricer