CWCapital | The Real Deal New York

The Real Deal New York

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CWCapital

555 Fifth Avenue
New York, NY 10017
(646) 253-8800
Website
CWCapital

CWCapital is a commercial real estate investment services firm. Through five subsidiary companies, CWCapital offers investment management, asset management, property management, insurance and risk management, and consulting. It currently manages office, retail, multifamily, mixed use, lodging and industrial properties. It is owned by Fortress Investment Group.

CWCapital controls the Stuyvesant Town-Peter Cooper Village housing complex on the East Side of Manhattan, which it has controlled since the former owners defaulted on a $3 billion loan in 2010. Stuyvesant Town has undergone a series of lawsuits and legal negotiations with residents over the deregulation of apartments and capital improvement hikes. In 2012, tenants in illegally deregulated rental apartments were awarded $68.7 million in damages, which CWCapital agreed to pay on behalf of the former bondholders trust. In October of 2015, CWCapital planned went into contract with buyers Blackstone Group and Ivanhoe Cambridge to sell Stuy Town for $5.3 billion.

-WP


12/23/16
In the blood sport of New York real estate, litigation is a way to bully, negotiate, and even embarrass — and 2016 didn’t disappoint. Tags:...

12/08/16
UPDATED, 1:17 p.m., Dec. 13: In the largest New York City multifamily deal of the year so far, Blackstone Group closed Thursday on the $620...

11/14/16
...Town (inset: Andrew MacArthur) Andrew MacArthur, a former executive at CWCapital Asset Management who led the $5.3 billion sale of Stuyvesant Town-Peter...

09/28/16
As senior lenders continue to shrink their share of the capital stack, they are getting chummier with mezzanine lenders. ...

05/06/16
...s hedge fund Pershing Square Capital Management and special servicer CWCapital over the $5.3 billion sale of Stuyvesant Town-Peter Cooper Village is...

01/28/16
...seizure at Pacific Park 3. Bill Ackman’s hedge fund sues CWCapital for $500M over Stuy Town 4. These are the top 25 office...

01/27/16
...Current reader favorites: 1. Bill Ackman’s hedge fund sues CWCapital for $500M over Stuy Town 2. The company building Elon Musk...

01/25/16
...Pershing Square Capital Management and Winthrop Realty Trust are suing CWCapital for $500 million, claiming they got bilked out of a fat...

01/11/16
The tab is in for Blackstone’s massive 2015 buying spree: $9.6 billion. That total – which included the purchase of Stuyvesant Town and a partnership...

01/07/16
In October, when news broke of the sale of Stuyvesant Town-Peter Cooper Village to the Blackstone Group and Ivanhoe Cambridge, most news outlets reported a...

01/07/16
The Blackstone Group and Ivanhoe Cambridge opted not to hire an outside firm to manage Stuyvesant Town-Peter Cooper Village. Instead, they will launch their own...

12/29/15
UPDATED, Dec. 29, 10:25 a.m.: What do the 10 biggest New York City investment sales of 2015 have in common? All the deals, whether they...

12/28/15
The city’s largest single-asset real estate transaction in nearly a decade may be a done deal, but behind the scenes the battle wages on for...

12/28/15
Nothing goes hand in hand with New York real estate quite like litigation – and 2015 was no exception. Real estate’s biggest players were sued...

12/21/15
The sale of Stuyvesant Town to the Blackstone Group and Ivanhoe Cambridge closed on Friday, but not without some heavy drama behind the scenes. Tags:...

12/18/15
UPDATED, Dec. 18, 3:52 p.m.: As of today, Manhattan’s largest apartment complex has new owners. According to sources, the Blackstone Group and Ivanhoe Cambridge closed...

12/17/15
A&E Real Estate Holdings has cut a $201 million deal with the city to buy a Harlem housing complex that will keep nearly 1,000 affordable...

12/10/15
In 1852, four years after gold flakes were first discovered at Sutter’s Mill, Henry Wells and William Fargo founded a company that would play a...

12/07/15
UPDATED, Dec. 7, 4:00 p.m.: Mortgage giant Fannie Mae is backing the Blackstone Group and Ivanhoe Cambridge’s acquisition of Stuyvesant Town-Peter Cooper Village with a...

11/12/15
...Four investors in Stuyvesant Town Peter Cooper Village are suing CWCapital and Wells Fargo, looking to prevent CWC from reaping an...

11/05/15
The revenue for Stuyvesant Town and Peter Cooper Village has risen steadily over the past few years, and one path to growth has been the...

11/05/15
...build 220 CPS 3. Stuy Town sale will mean big payday for CWCapital 4. Elliman made $186M in Q3 — but Vector’s profit dropped...

11/03/15
...Stuyvesant Town and CWCapital President David Iannarone Stuyvesant Town special servicer CWCapital Asset Management...

10/29/15
TRD Special Report:In August 1947, as the first tenants were moving into Stuyvesant Town-Peter Cooper Village, workers installed a small metal plaque on the west...

10/23/15
Private equity giant Fortress Investment Group sold 58 separate units at its Sheffield condo tower to RSP Companies for $25.25 million – more than the...
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CWCapital, Associate Broker
555 Fifth Avenue, 5th Floor, New York, NY, (646) 253-8800
...
CWCapital, Real Estate Salesperson
555 Fifth Avenue, 5th Floor, New York, NY, (646) 253-8800
...
CWCapital, Limited Liability Broker
555 Fifth Avenue, 5th Floor, New York, NY, (646) 253-8800
...
  • Event Financing
  • Address 75 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 675,000
  • Publication Date 06/01/2007
  • Event Date 04/22/2007
  • Party 1 JEMB Realty
  • Party 1 Brokerage CWCapital
  • Party 1 Broker Tammy Heyman
notes
A $243.5 million financing with a 10-year fixed rate was arranged for the fully occupied building. JEMB acquired the property for $75 million in 1999. 33-story office building.

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...

11/05/15
The revenue for Stuyvesant Town and Peter Cooper Village has risen steadily over the past few years, and one path to growth has been the...

The market for big packages of multifamily buildings may have less sex appeal than the fancy condos adorning Billionaire’s Row, but the sector is going...

The suspicion, anger and lack of trust over money can make the atmosphere at 111 Centre Street in Lower Manhattan seem a lot like divorce...
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