CWCapital | The Real Deal New York

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CWCapital

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

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


02/15/17
...Cooper Village complex — which it owned through subsidiary CWCapital — for $5.3 billion.   -- E.B. Solomont (To read more about Central Park Tower, click...

12/23/16
...Square Capital Management and Winthrop Realty Trust slapped CWCapital, the special servicer that controlled the property, with a $500 million suit over the deal...

12/08/16
...managed Stuy Town on behalf of special servicer CWCapital Asset Management, was reportedly tapped to serve as a consultant on Kips Bay Court...

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

09/28/16
...speculative" and resulted in several CMBS bondholders suing CWCapital — the special servicer that controlled the complex owners before it was bought by Blackstone...

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

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

01/11/16
...with Ivanhoe Cambridge, from a group led by CWCapital Assessment management, closing in December. The partners paid $5.3 billion (or was it $5.46 billion?) Earlier...

01/07/16
...Ivanhoe Cambridge agreed to buy Stuy Town from CWCapital in September, in a deal brokered by Eastdil's Doug Harmon, they shook hands over...

01/07/16
...CompassRock, the property management arm of special servicer CWCapital, which had been managing the property since 2012.  ...

12/29/15
...billion Buyer: Blackstone Group and Ivanhoe Cambridge Seller: CWCapital (on behalf of lenders) Brokerage: Eastdil Secured On a list often dominated by the...

12/28/15
...Appaloosa’s request for a preliminary injunction blocking CWCapital, the special servicer on the Stuy Town loan, from cashing in on disputed funds...

12/28/15
...of court soon after.  Stuy-Town investors take on CWCapital CWCapital President David Iannarone The biggest deal of the year came with its fair...

12/21/15
...not before SL Green received $10 million dollars from CWCapital Asset Management, one of Stuyvesant Town’s sellers, the New York Times reported. The...

12/18/15
...lenders under the old ownership against the seller, CWCapital, briefly threatened to delay the deal. But the plaintiffs withdrew their suit this week...

12/17/15
...on its $225 million mortgage and its lenders foreclosed. CWCapital, which controlled Stuyvesant Town after Tishman Speyer defaulted, took over the complex in a...

12/10/15
...Tishman Speyer and BlackRock defaulted in 2010, special servicer CWCapital took control of the property on behalf of the lenders. Sources said Wells Fargo...

12/07/15
...the old ownership’s lenders against special servicer CWCapital. “There has to be a certain set of conditions for us to close,” Hayward...

11/12/15
...in Stuyvesant Town Peter Cooper Village are suing CWCapital and Wells Fargo, looking to prevent CWC from reaping an alleged “windfall” of more...

11/05/15
...not comment on the specific Stuy Town units. CWCapital Asset Management, which for now controls the property, did not respond to a request...

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

10/29/15
...Speyer defaulted on its Stuy Town loans in 2010, CWCapital, a special servicer that is a subsidiary of Fortress Investment Group, took control of...

10/23/15
...first seven months of this year. Fortress subsidiary CWCapital Asset Management recently agreed to sell the Stuyvesant Town and Peter Village apartment complex...

10/19/15
...Blackstone Group Stuyvesant Town and Peter Cooper Village CWCapital It wasn’t immediately clear how the partnership is structured, but a source close...

10/27/14
...s Fortress Investment Group, which owns special servicer CWCapital Asset Management, was preparing a $4.7 billion bid in May to acquire Stuyvesant Town-Peter Cooper...
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.

...Blackstone Group and Ivanhoe Cambridge paying $5.3 billion to CWCapital Asset Management. And, not surprisingly, Eastdil, a division of Wells Fargo, was a ubiquitous...

11/05/15
...not comment on the specific Stuy Town units. CWCapital Asset Management, which for now controls the property, did not respond to a request...

...downturn. The 110-building complex, which is owned by CWCapital Asset Management, holds a massive 11,232 rental units. As part of the deal, Blackstone and...

...combined had a rate of just 1.9 percent. And CWCapital Asset Management, which controls Stuyvesant Town, Peter Cooper Village and Riverton, which were all...
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