Africa Israel USA | The Real Deal New York

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Africa Israel USA

229 West 43rd Street, #10
New York, NY 10036
(212) 205-1400
Website

Africa Israel USA is the American subsidiary of the Israeli conglomerate Africa Israel. The New York-based unit, launched in 2002, invests in real estate. Its holdings have included the Apthorp apartment complex on the Upper West Side, which Africa Israel USA converted to condos and the base of the old New York Times Building on West 43rd Street, which the firm sold in 2011. The company made a series of leveraged bets on New York real estate in the run up to the global financial crisis, which went sour when financing became less readily available. As a result, its portfolio has been greatly diminished.


12/11/17
...tallest towers $150 million. Golub joined HFZ in 2012 from Africa Israel USA and previously worked for Forest City Ratner Companies (now Forest City New York). In...

07/13/17
...Bear Stearns, and later rescued Lev Leviev’s Africa Israel USA after a disastrous boom-time acquisition spree. The project he spoke of that day in...

06/14/17
...developer, a partnership between real estate investment firm Africa Israel USA and Shaya Boymelgreen, had constructed the building with financing through the Liberty Bond Program...

05/27/16
...Street, which Kushner Companies bought in November from Africa Israel USA for $296 million, the heads of multifamily landlord E&M Associates and partners are...

02/08/16
...was unceremoniously fired from his next gig – helping Africa Israel USA rescue some of its assets amid the recession – after just two years. Meanwhile, Laufer...

01/20/16
...Bear Stearns, and later rescued Lev Leviev’s Africa Israel USA after a disastrous boom-time acquisition spree. The project he spoke of that day in...

10/27/15
...developers – a partnership between real estate investment firm Africa Israel USA and developer Shaya Boymelgreen. The property also has more than 11,000 square feet of retail...

07/31/14
...th Street and Donald Finley Times Square landlord Africa Israel USA spooked the founder of the bankrupt mystery-themed restaurant Jekyll & Hyde Club with a...

06/02/14
...Boymelgreen and Pinchas Cohen, who was president of Africa Israel USA at the time the condo was under development. The suit also names AI Properties...

02/12/14
...by press time. Blackstone paid Lev Leviev’s Africa Israel USA and private equity firm Five Mile Capital $160 million for the top 12 floors of the...

01/29/14
...th Street, 229 West 43rd Street and Helen Hwang Africa Israel USA and Five Mile Capital Partners have brought on Cushman & Wakefield to market the...

11/01/13
...is headed by CEO Paz Kaspi, a former Africa Israel USA executive; Chairman Pinni Sarfati, an international developer; and Chief Operating Officer Ahron Freilich. A...

10/23/13
...the Midtown West retail condominium building owned by Africa Israel USA asked $250 per square foot, the New York Post reported. The space, between Seventh and...

09/10/13
...condo conversion in the Financial District developed by Africa Israel USA. A two-bedroom condo, which Prevezon bought in November 2009 for $1.2 million, has been in contract...

08/09/13
...sued his former co-developers — billionaire Lev Leviev’s Africa Israel USA and Broadwall Management, a unit of the Feil Organization — in 2011, alleging they breached a...

07/17/13
...and Sixth avenues. Blackstone paid Lev Leviev’s Africa Israel USA and private equity firm Five Mile Capital $160 million for the top 12 floors of the...

05/08/13
...Tamir Kazaz The former chief executive officer of Africa Israel USA has launched an asset management company with the aim of building a $1 billion U...

...Street The 38-story, 408-unit condo conversion, developed by Africa Israel USA, is now sold out. The building has studios and one-, two-, three- and four-bedroom...

04/10/13
...sold out, according to a release from developer Africa Israel USA. The 409-unit tower, formerly the headquarters of Chase Manhattan Bank in the Financial District...

04/05/13
...Vertex Pharmaceuticals in South Boston's waterfront; checks out Africa Israel USA...

...New Jersey, Pennsylvania, Maryland and Georgia. San Francisco Africa Israel USA last month sold the historic Rialto Building in San Francisco’s South Financial District...

11/21/12
...best known for partnering with Lev Leviev’s Africa Israel USA to buy the Apthorp in 2006 for the record-breaking price of $426 million. The two firms...

...best known for partnering with Lev Leviev’s Africa Israel USA to buy the Apthorp in 2006 for the record-breaking price of $426 million. The two firms...

10/18/12
...s lenders of the crushing debt incurred by Africa Israel USA. Area Property Partners, a mezzanine lender at the building, took control over the project...

08/13/12
...Upper West Side’s Apthorp condominium, led by Africa Israel USA, have lost control of the long-troubled Renaissance Revival apartment house to mezzanine lender Area...
Africa Israel Investments, Chairman
229 W 43rd St #10, New York, NY, (212) 205-1400
Lev Leviev is the chairman and controlling shareholder of Africa Israel Investments, a...
  • Event Retail Leasing
  • Address 218 West 44th Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 29,600
  • Publication Date 03/01/2014
  • Event Date 01/20/2014
  • Party 1 Africa Israel USA
  • Party 2 Guitar Center
  • Party 2 Brokerage SCG Retail
  • Party 2 Broker Bruce Shepard
notes
The musical instrument retailer signed a 15-year lease.
  • Event Sales
  • Address 88 Leonard Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Price $ 37,000,000
notes
A 49 percent stake in the rental building closed for $37 million. The transfer of Africa Israel USA's remaining stake, the senior mortgage and the mezzanine loan is expected to close in the first half of 2012. The prices for those components were $17 million, $132 million and $24 million, respectively, according to a previous report by Bloomberg News, for a total cost of about $210 million. The deal is being closed in two stages for accounting purposes, according to David Schwartz, Waterton Associates' co-founder.
  • Event Sales
  • Address 229 West 43rd Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Price $ 160,000,000
notes
The office-condo portion of the building sold for $160 million. The office space includes floors five through 16 and a portion of the fourth floor.
  • Event Retail Leasing
  • Address 229 West 43rd Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 23,452
notes
The restaurant operator signed a lease for a theme-based restaurant.
  • Event Retail Leasing
  • Address 229 West 43rd Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 30,000
notes
The discount retail chain signed a long-term lease for another location.
  • Event Retail Leasing
  • Address 229 West 43rd Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 66,000
notes
The bowling alley signed a lease for its second Manhattan location, which will become the company's flagship. The new space is slated for a fall 2010 opening.
  • Event Retail Leasing
  • Address 229 West 43rd Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 59,294
  • Publication Date 05/01/2009
  • Event Date 03/22/2009
  • Party 1 Africa Israel USA
  • Party 1 Brokerage RKF
  • Party 2 TSX Operating
  • Party 2 Brokerage RKF
notes
The tenant signed a long-term lease for multi-level retail space for its Running Subway division, an entertainment group with projects throughout the city. The deal includes 4,406 square feet at ground level, 20,349 square feet in the basement and 34,539 square feet in the subterranean level. The reported asking rent for the ground-floor space was $60 per square foot; the lower level had an asking rent of $60 per square foot. This is landlord Africa Israel's first lease at the old New York Times building.
  • Event Sales
  • Address 5 Madison Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 267,000
  • Price $ 150,000,000
  • Price per foot $ 561.80
  • Publication Date 10/01/2008
  • Event Date 08/22/2008
  • Party 1 Africa Israel USA
  • Party 2 Far East investment fund
notes
A 49.9 percent interest in the Clock Tower portion of the property sold for $150 million. The sale will help finance the planned conversion of the building into luxury apartments. Africa Israel paid $200 million for the building last year.
  • Event Sales
  • Building Name 23 Wall Street/15 Broad Street
  • Address 23 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 725,803
  • Price $ 150,000,000
  • Price per foot $ 206.67
  • Publication Date 10/01/2008
  • Event Date 08/22/2008
  • Party 1 Africa Israel USA
  • Party 2 Far East investment fund
notes
Africa Israel sold its entire stake in the property for $150 million. The Israel-based company also sold minority shares of 5 Madison Avenue for $150 million and the former New York Times Building at 229 West 43rd Street for $49 million to help finance redevelopment projects for the buildings (see below). Includes 15 Broad Street.
  • Event Sales
  • Address 229 West 43rd Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 775,000
  • Price $ 49,000,000
  • Price per foot $ 63.23
  • Publication Date 10/01/2008
  • Event Date 08/22/2008
  • Party 1 Africa Israel USA
  • Party 2 Far East investment fund
notes
Africa Israel sold a 49 percent share in the former New York Times Building for $49 million. The buyer has an option to purchase an additional 1 percent interest in the property, and will take on a share of the $711 million in costs for redeveloping the building.
  • Event Sales
  • Building Name Five Madison Avenue
  • Address 5 Madison Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 267,000
  • Price $ 200,000,000
  • Price per foot $ 749.06
notes
The landmark Clock Tower sold to Lev Leviev's international holding and investment company for $200 million, or $750 per square foot. SL Green had acquired the building in 2005.
  • Event Sales
  • Building Name New York Times Building
  • Address 229 West 43rd Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 746,000
  • Price $ 525,000,000
  • Price per foot $ 703.75
notes
The Lev Leviev-led investment firm bought the old New York Times building for $525 million, or $704 per square foot. After the Times moves to its new space, the property will be completely vacant, and Africa Israel could spend $170 million on upgrades. Tishman Speyer acquired the building in 2004 for $175 million.
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