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BlackRock

55 East 52nd Street, Park Avenue Plaza
New York, NY 10055
(212) 810-5300
Website
institutionalinquiries@blackrockcom

BlackRock is the worlds largest assets manager as well as a top firm for investment and risk management. Its total assets in spring 2014 totaled more than $4 trillion and its revenue more than $10 billion. The firm has used this windfall to invest in major real estate deals in New York City and elsewhere.

BlackRock most famously partnered with Tishman Speyer on the doomed purchase of the Stuyvesant Town and Peter Cooper Village apartment complexes in 2006 in what was then the biggest property trade ever (the partners eventually defaulted on loans tied to the $5.4 billion purchase). BlackRock has also partnered with Harry Macklowe, Pimco and the California Public Employees Retirement System on New York real estate.

Whats sometimes called the worlds largest investor started modestly enough in 1988 as a wing of investment giant Blackstone. It eventually went independent, and then went public, under current chairman and CEO Leonard Fink. The firm is headquartered in 55 East 52nd Street.


Here are New York’s top office leasing firms
04/16/18
...its part, JLL made news when it represented BlackRock in a monster 847,000-square-foot lease at 50 Hudson Yards. The firm was given credit for...

The year of the
Manhattan mega lease
...its part, JLL made news when it represented BlackRock in a monster 847,000-square-foot lease at 50 Hudson Yards. The firm was given credit for...

Related’s retail guru vs. the market
03/30/18
...to blue-chip companies including Coach, L’Oréal, BlackRock, Kohlberg Kravis Roberts and Wells Fargo Securities. While the traffic from those companies and...

Here’s how much Blackstone’s heir apparent Jonathan Gray made last year
03/04/18
...For a point of comparison, Schwarzman's long-time rival BlackRock...

How is Himmel shaping Hudson Yards?
...to blue-chip companies including Coach, L’Oréal, BlackRock, Kohlberg Kravis Roberts and Wells Fargo Securities. While the traffic from those companies and...

Paydirt: JPMorgan HQ, Anbang gets a chaperone & other industry news you need to start your week
02/26/18
...Side (think Amazon, Skadden Arps, KKR, Wells Fargo, BlackRock) , Park Avenue last week scored a major win when JPMorgan announced it would demolish...

First Reserve moves headquarters from Greenwich to Stamford
02/22/18
...out of One Lafayette Place in Greenwich, where BlackRock is now a tenant...

Landlords may struggle to fill an influx of new office space coming to market
02/22/18
...Hudson Yards From the February issue: When BlackRock finalized a deal last year for 847,000 square feet at 50 Hudson Yards — the largest new...

Westchester & Fairfield Cheat Sheet: Compass to buy Scarsdale-based Platinum Drive Realty, luxury townhouses proposed in Mamaroneck … & more
02/21/18
...out of One Lafayette Place in Greenwich, where BlackRock is now a tenant. After GE's exit, Fairfield's first selectman looks to fill the...

Here’s how long it will take Related to cross the finish line at Hudson Yards
02/15/18
...in May 2017, it was reported that asset manager BlackRock planned to spend $1.25 billion over 20 years for its 847,000-square-feet lease at 55 Hudson Yards. To...

Hudson Yards is slowly but surely turning into Vulture Village
02/07/18
...are also moving to the tower.  Asset manager BlackRock is moving next door to 50 Hudson Yards. Mitsui Fudosan America owns a 92.9 percent stake...

It’s the economy, landlords
...Hudson Yards When BlackRock finalized a deal last year for 847,000 square feet at 50 Hudson Yards — the largest new...

Can Joseph Moinian pull off a miracle in
Hudson Yards?
01/30/18
...Warner, the National Hockey League and mega-asset manager BlackRock have all inked leases in the area. Despite the breakneck pace of leasing activity...

One Vanderbilt
Behind the complicated financing of
SL Green’s One Vanderbilt
01/29/18
...tenant when it inked a 20-year lease with BlackRock for 850,000 square feet, One Vanderbilt doesn’t have either of those advantages. Though TD...

Here’s a look at some of NYC’s biggest commercial projects in the pipeline
01/19/18
...will break ground on 50 Hudson Yards after securing BlackRock as an anchor tenant last year. It’s also scheduled to complete 55 Hudson Yards...

I need my space: Is the office densification trend over?
01/10/18
...s year-end market update Wednesday morning. Asset manager BlackRock, for example, signed a lease last year for 850,000 square feet at the Related Companies...

Wall Street, insurance tenants drove office leasing in 2017
01/08/18
...about 12,700 jobs last year through November. Asset manager BlackRock inked an 850,000-square-foot deal at 50 Hudson yards, and insurer Aetna signed a lease for...

Moinian’s Hudson Yards reboot
...Warner, the National Hockey League and mega-asset manager BlackRock have all inked leases in the area. Despite the breakneck pace of leasing activity...

Construction spending to surpass 2016 peak
...will break ground on 50 Hudson Yards after securing BlackRock as an anchor tenant last year. It’s also scheduled to complete 55 Hudson Yards...

Behind the complicated financing of One Vanderbilt
...tenant when it inked a 20-year lease with BlackRock for 850,000 square feet, One Vanderbilt doesn’t have either of those advantages. Though TD...

NYC’s biggest real estate loans of 2017
12/28/17
...development in the city’s history. Asset manager BlackRock signed an 850,000-square-foot lease to anchor the 2.9 million-square-foot building. With the latest mortgage, Related...

Manhattan’s priciest office leases of 2017
12/27/17
...of 1 million square feet.) Companies like asset manager BlackRock, which inked a megadeal that will allow construction to begin at 50 Hudson Yards, joined...

From the archives: How Stuy Town was won
12/25/17
...Town to developer Tishman Speyer and fund manager BlackRock, who planned to aggressively convert units to market-rate. Families of moderate means were suddenly...

Dutch co-working firm inks large lease at Manhattan West
12/05/17
...JPMorgan Chase while big-name financial firms like KKR, Blackrock and Point 72 Asset Management and Third Point have inked leases with Related and its...

Financial firms just can’t get enough of
Hudson Yards
12/05/17
...leases at the 1.3-million-square-foot tower. Meanwhile, asset manager BlackRock will be the anchor tenant at nearby 50 Hudson Yards and KKR is taking a...
Jack Chandler
BlackRock, Chairman, Global Real Estate Business
55 East 52nd Street, New York, NY, 212-810-5300
Jack Chandler is chairman of the global real estate business at BlackRock, the...
Laurence Fink
BlackRock, Chairman and CEO
55 East 52nd Street, New York, NY, 212-810-5300
Laurence Fink is chairman and chief executive officer of BlackRock Inc., the worlds...
Chris Lackett
BlackRock, Vice President, Real Estate Acquisitions
55 East 52nd Street, New York, NY, 212-810-5300
Chris Lackett is vice president for real estate acquisitions at BlackRock, the worlds...
Eloisa Mascarenas
BlackRock, Vice President
55 East 52nd Street, New York, NY, 212-810-5300
Eloisa Kasper is a vice president at BlackRock, where she has held various...
Joshua Vallario
BlackRock, Director of Global Data Center Operations and Construction Manager
55 East 52nd Street, New York, NY, 212-810-5300
Joshua Vallario is director of global data center operations and construction manager at...
Arnab Mazumdar
BlackRock, Director, BlackRock Alternative Solutions
55 East 52nd Street, New York, NY, 212-810-5300
Arnab Mazumdar is a director at BlackRock Alternative Solutions, where he designs and...
Joseph Kang
BlackRock, Vice President, Real Assets
55 East 52nd Street, New York, NY, 212-810-5300
Joseph T. Kang, Vice President, is the Product Strategist for the Global Real...
Ted Stratigos
BlackRock, Managing Director
55 East 52nd Street, New York, NY, 212-810-5300
Ted Stratigos is a managing director at BlackRock, where he leads the platform...
Avi Masry
BlackRock, Managing Director, Global Head of AUM Reporting
55 East 52nd Street, New York, NY, 212-810-5300
Avi Masry is a managing director and global head of AUM reporting at...
Don Benningfield
BlackRock, Managing Director
55 East 52nd Street, New York, NY, 212-810-5300
Don Benningfield is a managing director of real estate at BlackRock, the worlds...
For more info, click here
  • Event Office Leasing
  • Address 50 Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 850,000
notes
The private equity firm signed a lease.
For more info, click here
  • Event Sales
  • Address 400 East 57th Street
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 45,800
  • Price $ 170,000,000
notes
A 49% interest sold in a transaction valued at $170 million for the mix-use building.
For more info, click here
  • Event Office Leasing
  • Address 55 East 52nd Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 31,000
For more info, click here
  • Event Sales
  • Address 428 West 14th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 47,300
  • Price $ 65,000,000
  • Price per foot $ 1,374.21
notes
The property sold for $65 million. The building, which has 9,460 square feet of retail space, is 100 percent occupied by office and retail tenants.
For more info, click here
  • Event Office Leasing
  • Address 430 West 14th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 1,392
  • Price per foot $ 55.00
notes
The executive search firm signed a five-year, three-month lease.
For more info, click here
  • Event Office Leasing
  • Address 1039 Third Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 600
  • Price per foot $ 200.00
notes
The jeweler signed a 10-year lease.
For more info, click here
  • Event Retail Leasing
  • Address 1144 Third Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 2,200
notes
The fashion retailer signed a lease. The reported asking rent was $225 per square foot.
For more info, click here
  • Event Sales
  • Address 10 West 74th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 38,000,000
  • Publication Date 12/01/2009
  • Event Date 10/22/2009
  • Party 1 BlackRock Diamond Property Fund
  • Party 1 Brokerage CBRE
  • Party 1 Broker Darcy Stacom
  • Party 2 West 74 LLC
notes
The property sold for $38 million. The seller originally acquired the building in 2006 for $45 million.
For more info, click here
  • Event Office Leasing
  • Address 600 Third Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 4,139
  • Publication Date 02/01/2009
  • Event Date 12/23/2008
  • Party 1 Blackrock
  • Party 2 JFE Steel America
  • Party 2 Brokerage Grubb & Ellis
  • Party 2 Broker Barrett Stern
notes
The dealer of steel materials signed a lease.
For more info, click here
  • Event Office Leasing
  • Address 430 West 14th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 1,388
notes
The film production company leased space.
For more info, click here
  • Event Retail Leasing
  • Address 430 West 14th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 1,000
notes
The apparel retailer signed a lease.
For more info, click here
  • Event Retail Leasing
  • Address 142 West 57th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Publication Date 06/01/2008
  • Event Date 04/22/2008
  • Party 1 L&L Holding, Blackrock Realty
  • Party 1 Brokerage CBRE
  • Party 1 Broker Michael Blum
  • Party 2 Milos, Estiatorio
notes
The tenant signed a lease to open a takeout branch of its seafood restaurant.
For more info, click here
  • Event Financing
  • Address 545 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Publication Date 03/01/2008
  • Event Date 01/21/2008
  • Party 1 LCOR, Blackrock
  • Party 2 KeyBank
notes
A $60.7 million construction loan and an $11 million line of credit were provided for an office redevelopment project. The new building is expected to gain a LEED Gold rating and is scheduled for completion in mid-2008. 17-story office building.
For more info, click here
  • Event Sales
  • Address 530 Park Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 180,000
  • Price $ 211,000,000
  • Price per foot $ 1,172.22
  • Publication Date 08/01/2007
  • Event Date 06/22/2007
  • Party 1 Katz Family
  • Party 2 Blackrock Realty Advisors
notes
The 139-unit rental building sold for $211 million, or $1.51 million per rental unit, in one of the most expensive per-unit sales to date. The per-square-foot price was $1,192.
For more info, click here
  • Event Office Leasing
  • Building Name Park Avenue Plaza
  • Address 55 East 52nd Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 150,000
notes
Blackrock subleased the space from the Dutch financial firm.
For more info, click here
  • Event Sales
  • Address 545 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 140,000
notes
A 75-year ground lease was structured for the vacant building. LCOR and its partners intend to undertake a gut renovation of the property, with construction expected to begin in early 2007. Occupancy is slated for spring 2008. Price n/a.
For more info, click here
  • Event Sales
  • Building Name The Wellington
  • Address 200 East 62nd Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Price $ 173,000,000
  • Publication Date 09/01/2006
  • Event Date 07/23/2006
  • Party 1 Nagel Family
  • Party 1 Brokerage CBRE
  • Party 1 Broker Darcy Stacom, William Shanahan
  • Party 2 CalPERS, Blackrock
notes
The pension fund is reported to have acquired the property for a total of $173 million ($28 million plus $145 million for the assignment of the lease), or $1.5 million per unit.
For more info, click here
  • Event Sales
  • Building Name The Westminster
  • Address 165 East 66th Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Price $ 154,000,000
  • Publication Date 09/01/2006
  • Event Date 07/23/2006
  • Party 1 Nagel family
  • Party 1 Brokerage CBRE
  • Party 1 Broker Darcy Stacom, William Shanahan
  • Party 2 CalPERS, Blackrock
notes
The pension fund is said to have acquired the property for a total of $154 million ($30 million plus $124 million for the assignment of the lease), or $1 million per unit.
For more info, click here
  • Event Sales
  • Address 30 Park Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Price $ 97,000,000
  • Publication Date 11/01/2005
  • Event Date 09/22/2005
  • Party 1 Rudin family
  • Party 1 Brokerage Eastdil Secured
  • Party 1 Broker Douglas Harmon
  • Party 2 Blackrock, CalPERS
notes
The 236,000-square-foot Emory Roth & Sons-designed building sold for $97 million. About 70 percent of the units are rent-stabilized. Condo conversion is likely.
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Meet the architects bringing NYC’s biggest 2016 projects to life
12/29/16
The most prolific architects in New York City also tend to be the least visible. These are the firms that are often involved in development...

Top 10 biggest real estate projects coming to NYC
10/10/16
...in 2014 for $438 million. In September, Crain's reported that Blackrock was scoping out the building for a possible new headquarters as well as 50 Hudson...

Let the hunt begin!
...is looking for at least 600,000 square feet, and BlackRock , which is seeking at least 500,000 square feet, according to  industry data. The technology, advertising...

Which office tenants are looking for the biggest blocks?
...global bank Deutsche Bank and private equity firm BlackRock, according to published reports and interviews with brokers. By comparison, back in 2012, there were...

Do brokerage alliances matter?
01/05/16
...a personal passion for art.” Many others, including BlackRock’s CEO Larry Fink, believe that art and real estate are where all the...

The Real Deal’s hottest stories of 2015
12/31/15
...the hegemony of Blackstone In 2006, Tishman Speyer and BlackRock made a $5.4 billion deal for Stuyvesant Town-Peter Cooper Village that became the poster child...

Multifamily mania
...precarious state since Tishman Speyer and its partner, BlackRock, defaulted on $4.4 billion of debt in 2010. Last year, CWCapital, which took control of the...

The top up-and-coming buyers
...home funding company, Fannie Mae; and investment firm BlackRock Realty. Rainbow, headed by Brooklyn investors Irving Langer and Leibel Lederman, also closed on...
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