AIG | The Real Deal New York

The Real Deal New York

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AIG

32 Old Slip, 28th Floor
New York, NY 10085
(646) 857-2300
Website
contact@aig.com

01/21/19
Over the past handful of months, the tech titans of Silicon Valley have launched an all-out blitz on commercial space in Los Angeles. In October,...

01/20/19
The ripple effect from the Trump-Russia investigation led to a problem for the Miami real estate holdings of Azerbaijani-Russian oligarch Aras Agalarov, a friend of...

01/17/19
As New York City’s condominium market navigates a slump, things are looking rosier in Greenwich. In the fourth quarter, condo sales in the Connecticut town...

01/16/19
New Jersey Gov. Chris Christie has had quite the week. First he was removed as the head of President-elect Donald Trump’s White House transition team....

01/16/19
The Riverhead Town Board will hold a public forum on Jan. 31 to allow residents to make comments and give suggestions about a proposal by...

01/15/19
Gov. Andrew Cuomo on Tuesday said he will push for an expansion of what projects are required to pay workers prevailing wages, a change that...

01/15/19
Shelter Island’s Ram’s Head Inn up for sale with $9.75M price tag The 90-year-old Ram’s Head Inn on Shelter Island, which also contains a restaurant...

01/15/19
Douglas Elliman‘s pulling the plug on its national multi-million-dollar “It’s Time for Elliman” marketing campaign. The brokerage has hired a new creative head and enlisted...

01/15/19
Colliers International has tapped two veteran brokers to co-head the company’s new U.S. capital markets platform. David Amsterdam, a president at the company who overseas...

01/14/19
LaSalle Investment Management completed its acquisition of a majority state in Latitude Management Real Estate Investors and its $1.2 billion debt fund business. The asset...

01/14/19
Critics made up the majority of the hundreds of people who attended public meetings at the Elmont Memorial Library on Jan. 9 about the proposed $1.18...

01/14/19
Nassau County’s Industrial Development Agency is looking for ways to take advantage of Amazon’s plan to build a $2.5 billion second headquarters in nearby Long Island City,...

01/14/19
Nassau IDA hopes to capitalize on Amazon’s HQ2 Nassau County’s Industrial Development Agency is looking for ways to take advantage of Amazon’s plan to build...

01/13/19
Despite the ongoing government shutdown, hundreds of clerks at the Internal Revenue Service are back at work with pay after the Mortgage Bankers Association successfully...

01/13/19
Hong Kong, already one of the world’s most densely packed cities, is poised to get its most dense residential project yet. CK Asset Holdings Ltd....

01/10/19
Michael Cohen — President Trump’s former attorney and fixer who was recently sentenced to three years in prison — has agreed to testify before the...

01/10/19
Westchester’s luxury market has taken a hit. For Westchester’s residential real estate market, the fourth quarter wasn’t the season for giving. In the final three...

01/10/19
UPDATED, Jan. 11, 12:07 p.m.: Investment managers and co-working firms made up the bulk of last month’s biggest office leases. All in all, December’s top...

01/10/19
Manhattan’s rental market won’t be seeing a dip in concessions any time soon. In December, the share of new rental transactions with incentives rose to...

01/10/19
Craig Edward Dykers drove from Austin, Texas, to Manhattan as an architecture student in 1985 to see an imposing, 37-story tower at 550 Madison Avenue...

01/09/19
On the heels of a major rebranding, The We Company has tapped a former residential brokerage specialist to oversee marketing for WeWork Labs. Sources said...

01/09/19
The new Democratic majority in the U.S. House plans to investigate loans and real estate transactions that could tie President Donald Trump’s real estate empire...

01/09/19
Brookfield Asset Management is looking to sell the Diplomat Beach Resort in Hollywood, the largest resort in Broward County and the second-largest in South Florida...

01/09/19
The guest list for the China General Chamber of Commerce USA’s annual gala is a who’s who of Chinese and American business royalty. In mid-January,...

01/08/19
A Russian attorney who met with Donald Trump Jr. during the 2016 presidential campaign has been indicted for obstructing a federal investigation into a New...
  • Event Sales
  • Address 117 East 15th Street
  • Neighborhood Gramercy
  • Borough Manhattan
  • Square feet 6,800
  • Price $ 11,000,000
  • Publication Date 01/11/2019
  • Event Date 01/10/2019
  • Party 1 Jacobson Group
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker John Ciraulo, Craig Waggner
  • Party 2 Three Sixty CC
  • Party 2 Brokerage Keller Williams Commercial
  • Party 2 Broker Edward Kim, Alex Lee
notes
The buyer bought the Gramercy property for $11 million.
  • Event Office Leasing
  • Address 53 West 36th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 27,760
  • Amount Price 59
  • Publication Date 01/11/2019
  • Event Date 01/09/2019
  • Party 1 Fatollah Hemetian
  • Party 1 Brokerage LSL Advisors
  • Party 1 Broker Daniel Lolai
  • Party 2 TheRealReal
  • Party 2 Brokerage Newmark Knight Frank
  • Party 2 Broker Shannon Aja, Barbara Craig
notes
The luxury consignment company inked a 10-year lease for the Garment District space which had an asking rent of $59 per square foot.
  • Event Retail Leasing
  • Address 284 Prospect Park West
  • Neighborhood Park Slope
  • Borough Brooklyn
  • Square feet 3,600
  • Price per foot $ 65.00
  • Publication Date 01/06/2019
  • Event Date 01/04/2019
  • Party 1 Superior Realty Group
  • Party 1 Brokerage Tri State Commercial Realty
  • Party 1 Broker Avi Akiva, Chandler Slate
  • Party 2 Orangetheory Fitness
  • Party 2 Brokerage Ripco Real Estate
  • Party 2 Broker Craig Gelberg
notes
The gym signed a 15-year lease for the Park Slope location which had an asking rent of $65 per square foot.
  • Event Sales
  • Address 420 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 18,003
  • Price $ 18,720,000
  • Publication Date 12/30/2018
  • Event Date 12/20/2018
  • Party 1 AM Property Holding
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Doug Blankrot, Craig Waggner, John Ciraulo
  • Party 2 American Exchange Time
  • Party 2 Brokerage Advisors Commercial Real Estate
  • Party 2 Broker Wayne Siegel
notes
The buyer purchased the Garment District property for $18.72 million.
  • Event Financing
  • Address 29-10 Broadway
  • Neighborhood Astoria
  • Borough Queens
  • Price $ 25,500,000
  • Publication Date 12/03/2018
  • Event Date 11/19/2018
  • Party 1 H&L Broadway Holding
  • Party 1 Brokerage Cooper-Horowitz
  • Party 1 Broker Richard Horowitz, Nick Barbato, Justin Horowitz
  • Party 2 AIG Investments
  • Party 2 Brokerage AIG Investments
  • Party 2 Broker Eric Neiman
notes
The lender issued a loan of $25.5 million for the Astoria property.
  • Event Retail Leasing
  • Address 747 Franklin Avenue
  • Neighborhood Crown Heights
  • Borough Brooklyn
  • Square feet 1,886
  • Publication Date 11/19/2018
  • Event Date 11/15/2018
  • Party 1 Brooklyn Winery
  • Party 1 Brokerage Ripco Real Estate
  • Party 1 Broker Andrew Clemens, Ben Weiner, Craig Gelberg
  • Party 2 Hunky Dory
notes
The tenant inked a lease for the Crown Heights location.
  • Event Office Leasing
  • Address 1114 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 95,580
  • Publication Date 11/19/2018
  • Event Date 11/13/2018
  • Party 1 Brookfield Property Partners, Swing Company
  • Party 1 Brokerage CBRE, Brookfield Property Partners
  • Party 1 Broker Ken Rapp, Peter Turchin, Sarah Pontius, Zak Snider, Cara Chayet, Duncan McCuaig, Alex Liscio
  • Party 2 Trade Desk
  • Party 2 Brokerage Cresa Partners
  • Party 2 Broker Carlo Brignardello, Richard Selig, Peter Sabesan
notes
The digital marketing firm signed a lease for the Grand Central building.
  • Event Office Leasing
  • Address 120 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 468,000
  • Publication Date 11/19/2018
  • Event Date 11/13/2018
  • Party 1 Global Holdings Group
  • Party 1 Brokerage JLL
  • Party 1 Broker Paul Glickman, Diana Biasotti
  • Party 2 Bloomberg LP
  • Party 2 Brokerage CBRE
  • Party 2 Broker Howard Fiddle, Craig Reicher
notes
The media and financial-information company signed a deal to renew its lease for the Grand Central building for an additional 11 years.
  • Event Financing
  • Address 29-22 Northern Boulevard
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 380,700
  • Price $ 201,000,000
  • Publication Date 10/29/2018
  • Event Date 10/25/2018
  • Party 1 Simon Baron Development
  • Party 2 AIG Investments
notes
The buyer secured an acquisition loan of $201 million for the Long Island City property.
  • Event Retail Leasing
  • Address 210 11th Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 4,070
  • Publication Date 10/22/2018
  • Event Date 10/16/2018
  • Party 1 ABS Partners Real Estate
  • Party 1 Brokerage ABS Partners Real Estate
  • Party 1 Broker Audrey Novoa, Jakob Pedersen, Gregg Schenker
  • Party 2 Isabel Marant
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Paige Engeldrum
notes
The fashion designer inked a lease for the Chelsea building.
  • Event Office Leasing
  • Address 179 Franklin Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 2,376
  • Publication Date 10/01/2018
  • Event Date 09/28/2018
  • Party 1 Fantis Transfer Corp
  • Party 1 Brokerage Brown Harris Stevens
  • Party 1 Broker Jason Schuchman, Craig T Filipachi, Jacques Foussard
  • Party 2 TheraBeCa
  • Party 2 Brokerage Corcoran Group
  • Party 2 Broker Amy Udell
notes
The pediatric therapy center signed a 2-year lease for the Tribeca location.
  • Event Financing
  • Address 808 Prospect Place
  • Neighborhood Crown Heights
  • Borough Brooklyn
  • Price $ 88,000,000
  • Publication Date 10/01/2018
  • Event Date 09/21/2018
  • Party 1 Delshah Capital
  • Party 1 Brokerage Meridian Capital Group
  • Party 1 Broker Simon Rosenfeld, Rael Gervis, Craig Berger
  • Party 2 Signature Bank, CCRE
notes
The lender issued an acquisition loan of $88 million for the Crown Heights portfolio.
  • Event Office Leasing
  • Address 350 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 5,280
  • Publication Date 09/07/2018
  • Event Date 09/04/2018
  • Party 1 Empire State Realty Trust
  • Party 1 Brokerage Empire State Realty Trust
  • Party 1 Broker Tom Durels, Ryan Kass, Shanae Ursini
  • Party 2 Workday
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Robert Lowe, Paige Engeldrum
notes
The financial management software vendor inked a deal to expand its lease for the Garment District building.
  • Event Financing
  • Address 111 East 210th Street
  • Neighborhood Riverdale
  • Borough Bronx
  • Square feet 895,256
  • Price $ 1,500,000,000
  • Publication Date 08/13/2018
  • Event Date 08/10/2018
  • Party 1 Montefiore
  • Party 2 Bank of New York Mellon, Prudential Huntoon Paige Associates, Dormitory Authority of New York State
notes
The lender issued a loan of $1.5 billion for the Riverdale portfolio.
  • Event Financing
  • Address 2802 Frederick Douglass Boulevard
  • Neighborhood Harlem
  • Borough Manhattan
  • Square feet 436,000
  • Price $ 85,000,000
  • Publication Date 08/06/2018
  • Event Date 07/31/2018
  • Party 1 Fairstead Capital
  • Party 2 AIG
notes
The lender issued a loan of $85 million for the Harlem property.
  • Event Retail Leasing
  • Address 3063 Cropsey Avenue
  • Neighborhood Coney Island
  • Borough Brooklyn
  • Square feet 4,200
notes
The pet shop and animal hospital signed a 10-year lease for the Coney Island space.
  • Event Financing
  • Address 68 Laight Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 18,788
  • Price $ 1,200,000
  • Publication Date 07/09/2018
  • Event Date 07/05/2018
  • Party 1 68 Laight Street Owners Corporation
  • Party 2 National Cooperative Bank
notes
The owner secured a loan of $1.2 million for the Tribeca property.
  • Event Sales
  • Address 420 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 18,000
  • Price $ 18,000,000
notes
The college bought a full floor condo unit in the Garment District building for $18 million.
  • Event Sales
  • Address 420 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 36,000
  • Price $ 36,000,000
notes
The Italian eyewear company bought two full floor condo units in the Garment District building for $36 million.
  • Event Office Leasing
  • Address 875 Third Avenue
  • Neighborhood Turtle Bay
  • Borough Manhattan
  • Square feet 80,000
  • Price per foot $ 80.00
  • Publication Date 06/04/2018
  • Event Date 05/23/2018
  • Party 1 Global Holdings Management Group
  • Party 1 Brokerage JLL, Global Holdings Management Group
  • Party 1 Broker Paul Glickman, Diana Biasotti, Harley Dalton, Craig Panzirer
  • Party 2 Epstein Becker & Green
  • Party 2 Brokerage Savills Studley
  • Party 2 Broker Jeffrey Peck, Dan Horowitz
notes
The law firm signed a lease for three floors in Turtle Bay.
  • Event Office Leasing
  • Address 1271 Sixth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 407,000
notes
The law firm inked a lease for the 25th through 34th floors of the Midtown West building.
  • Event Office Leasing
  • Address 437 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 12,945
notes
The energy and environmental commodities trader inked a lease for part of the 17th floor of the Plaza District building.
  • Event Sales
  • Address 50-52 Laight Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 3,919
  • Price $ 3,200,000
  • Publication Date 05/07/2018
  • Event Date 04/23/2018
  • Party 1 50 Laight Street LLC
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Will Suarez, Maurice Suede, Sean Rucker
  • Party 2 Chartwell Oakes
notes
The buyer secured the ground floor commercial condo in Tribeca for $3.2 million.
  • Event Financing
  • Address 80 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 361,710
  • Price $ 102,000,000
  • Publication Date 01/09/2018
  • Event Date 12/18/2017
  • Party 1 Invesco
  • Party 2 AIG Investments
notes
The owner secured a $102 million mortgage for the 35-story building in the Financial District.
  • Event Retail Leasing
  • Address 170 West 23rd Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 8,000
  • Publication Date 12/12/2017
  • Event Date 12/06/2017
  • Party 1 Jack Resnick & Sons
  • Party 1 Brokerage Jack Resnick & Sons
  • Party 1 Broker Fran Delgorio, Brett Greenberg
  • Party 2 Westside Market
  • Party 2 Brokerage Newmark Knight Frank
  • Party 2 Broker Craig N. Slosberg
notes
The supermarket inked a 20-year lease for its second location in Chelsea.
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12/27/16
...expand its existing transit system. 3) 1285 Sixth Avenue, $1.03 billion (AIG) New York’s office market has long recovered from the 2008 crash. In case we...

Residential condo development is the riskiest sector within the risky business of real estate. Evidence for that is found in both the outsized returns builders...

New York City had a stellar year in 2015 for building sales — with massive properties like Stuyvesant Town-Peter Cooper Village and 11 Madison trading...

01/19/16
Two of the “Three Men in a Room” — Sheldon Silver and Dean Skelos — are bound for prison, but relationships with influential politicians remain...

01/04/16
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12/31/15
New York City has, for quite some time, been the world’s most dynamic and high-stakes real estate market. But 2015 pushed all the elements that...

12/28/15
From left: 1947 Ocean Avenue in Midwood, 196-03 Jamaica Avenue in Hollis and Daniel Benedict Benedict Realty Group paid $17 million for a Brooklyn rental...

12/28/15
Let’s face it — nothing seems to drum up more excitement for an upcoming project than a shiny new rendering. Like a placeholder on the skyline,...

12/21/15
From left: Rendering of 260 Bowery in Nolita, Dutch artist Piet Mondrian and 175 Spencer Street in Clinton Hill Triumph Hotel Group takes full ownership...

...fifth priciest financing: A $785 million mortgage issued by AIG for the $1.2 billion the purchase of the Helmsley Building at 230 Park Avenue by RXR...

Long a symbol of urban decay, the South Bronx is booming with new construction these days as developers — big...

They’ve brokered billions of dollars in deals, broken records, and launched companies. And they’ve all done it all in a cutthroat and unforgiving industry that’s...

The wave of new developments hitting the market is changing more than just the skyline. It’s also shifting the fortunes of the firms that specialize...

The Brooklyn investment sales market is well on its way from rising star to fixed point in the firmament. In the first three quarters of...

One aspect of the Manhattan’s office leasing market was stuck in the summer doldrums last month, as landlords put far fewer square feet on the...

New York office leasing improved significantly over the past year. But the steady pace of deals wasn’t enough to fill all the large blocks of...

When the penthouse condo at One Brooklyn Bridge Park hit the market in May, its asking price of $32 million bested the record for the...

It’s no secret that prices for both luxury condos and development sites are surging in Manhattan. Land prices in Manhattan’s most popular neighborhoods have doubled...

The strength of the Manhattan luxury market is continuing to buoy some of the city’s largest and most established firms, The Real Deal’s annual ranking...

If further proof was needed that Manhattan is becoming a technology-company haven, look to leasing activity in January. Several tech powerhouses, including Twitter and IBM,...

For New York City’s biggest real estate brokerages, competing for residential listings is something of a blood sport. And it’s only grown fiercer in the...

Mortgage interest rates are rising, but inventory is still tight and demand is still high, which means the residential market is still humming along. Put...

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Against the backdrop of Manhattan’s severe inventory shortage, the borough’s largest firms are working to leverage a new crop of condos and high prices in...
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ANHD
Lending from the four major banks — Chase, Citibank, Bank of America and Wells Fargo — is steadily declining. The banks combined to provide 45...

Compass
New median price records were set Downtown, on the Upper West Side, Midtown East and Midtown West. Also, nearly 24 percent of all residential inventory...

Multifamily sales in New York City hovered above $3 billion for the second straight quarter, bringing the year-to-date dollar volume to $6.6 billion. Although sales remained...
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This property is a new development. The developer(s) filed plans in December of...
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This property is a new development. The developer(s) filed plans in December of...
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