CWCapital | TRD Research
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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

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
...
CWCapital, Associate Broker
555 Fifth Avenue, 5th Floor, New York, NY, (646) 253-8800
...
  • Event Sales
  • Address Riverton
  • Neighborhood East Harlem
  • Borough Manhattan
  • Price $ 201,000,000
  • Publication Date 02/01/2016
  • Event Date 12/23/2015
  • Party 1 CWCapital Asset Management
  • Party 2 A&E Real Estate Holdings
notes
The 1,229-unit housing complex was sold for $201 million.
  • Event Sales
  • Address Stuyvesant Town-Peter Cooper Village
  • Neighborhood Stuyvesant Town
  • Borough Manhattan
  • Price $ 5,300,000,000
notes
The 11,200-unit famous housing complex sold for $5.3 billion.
  • Event Retail Leasing
  • Address 312 First Avenue
  • Neighborhood Stuyvesant Town
  • Borough Manhattan
  • Square feet 8,100
  • Publication Date 12/01/2011
  • Event Date 10/22/2011
  • Party 1 CWCapital Asset Management
  • Party 1 Brokerage Rose Associates
  • Party 1 Broker Bruce Spiegel, William Bergman
  • Party 2 H. Brickman & Sons
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Aaron Gurevich
notes
The family-owned business signed a 15-year lease for another Ace Hardware location, its third in New York, at Peter Cooper Village/Stuyvesant Town. The deal includes 4,000 square feet on the ground floor and 4,100 square feet of selling space in the basement.
  • Event Office Leasing
  • Address 1330 Sixth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 10,400
  • Price per foot $ 85.00
notes
The London-based hedge fund signed a seven-year lease on the entire 32nd floor.
  • Event Office Leasing
  • Address 1330 Sixth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 6,440
  • Price per foot $ 78.00
notes
The temporary office suites provider signed a 10-year lease for a portion of the 23rd floor.
  • Event Office Leasing
  • Address 1330 Sixth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 10,000
  • Price per foot $ 75.00
notes
The alternative risk transfer business signed a 10-year lease for the entire 19th floor.
  • Event Office Leasing
  • Address 1330 Sixth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 3,175
notes
The hedge fund manager inked a three-year lease for a portion of the sixth floor.
  • Event Office Leasing
  • Address 1330 Sixth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 4,485
notes
The financial services firm inked a 10-year lease for part of the 36th floor.
  • Event Office Leasing
  • Address 1330 Sixth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 4,705
notes
The nonprofit inked a 10-year lease for part of the sixth floor.
  • 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.

02/01/2016
But this time, the sale of Stuy Town, the priciest deal of the year, was brokered by Harmon, with the Blackstone Group and Ivanhoe Cambridge paying $5.3 billion to CWCapital Asset Management...

11/05/2015
CWCapital Asset Management, which for now controls the property, did not respond to a request for comment...

11/01/2015
The 110-building complex, which is owned by CWCapital Asset Management, holds a massive 11,232 rental units...

01/02/2015
“The number of open court cases at the Savoy reflects our ongoing work to rehabilitate a distressed property and ensure compliance with rent-stabilization laws,” said a spokesperson for C&C Management, which is the management arm of L&M Development Partners. And while Langer had a rate of nearly 19 percent in the previously cited building on Fifth Avenue, among a wider group of buildings with a total of 1,014 units, he had a rate of just 3.6 percent. Also in Harlem, the Olnick Organization owns a 1,716-unit series of buildings known as Lenox Terrace, which 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 once heated battlegrounds in Housing Court, had a combined rate of approximately 0.4 percent, the survey found...