BlackRock | 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
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.


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...

...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...

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...

03/04/18
...For a point of comparison, Schwarzman's long-time rival BlackRock...

...to blue-chip companies including Coach, L’Oréal, BlackRock, Kohlberg Kravis Roberts and Wells Fargo Securities. While the traffic from those companies and...

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...

02/22/18
...out of One Lafayette Place in Greenwich, where BlackRock is now a tenant...

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...

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...

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...

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...

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

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...

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...

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...

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...

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...

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

...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...

...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...

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...

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...

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...

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...

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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
  • Event Office Leasing
  • Address 50 Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 850,000
notes
The private equity firm signed a lease.
  • 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.
  • Event Office Leasing
  • Address 55 East 52nd Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 31,000
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • Event Office Leasing
  • Address 430 West 14th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 1,388
notes
The film production company leased space.
  • Event Retail Leasing
  • Address 430 West 14th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 1,000
notes
The apparel retailer signed a lease.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
Brooklyn, 11205
BLACKROCK WILLIAMSBUR
20 Grand Avenue is a 92,856 square foot property built in 1919 in...
Queens, 11375
...
Manhattan, 10027
NEW YORK APARTMENT PO
...
Manhattan, 10033
NEW YORK APARTMENT PO
...
Manhattan, 10022
NEW YORK APARTMENT PO
...
Manhattan, 10033
NEW YORK APARTMENT PO
...
Manhattan, 10021
NEW YORK APARTMENT PO
...
Manhattan, 10011
56 7TH AVENUE LLC
...
Manhattan, 10024
NEW YORK APARTMENT PO
...

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...

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...

...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...

...global bank Deutsche Bank and private equity firm BlackRock, according to published reports and interviews with brokers. By comparison, back in 2012, there were...

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...

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...

...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...

...home funding company, Fannie Mae; and investment firm BlackRock Realty. Rainbow, headed by Brooklyn investors Irving Langer and Leibel Lederman, also closed on...
Sections