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


07/23/18
Brookfield Properties and Waterman Interests have taken over the Lever House’s ground lease, seemingly replacing RFR Realty after the company struggled to refinance the property....

06/18/18
...sale of the General Motors Building, and owns CWCapital, the special servicer that sold Stuyvesant Town-Peter Cooper Village to Blackstone and Ivanhoe Cambridge...

...sale of the General Motors Building, and owns CWCapital, the special servicer that sold Stuyvesant Town-Peter Cooper Village to Blackstone and Ivanhoe Cambridge...

05/08/18
...dismissed earlier this year. Brooksville, led by former CWCapital Management managing director Andrew MacArthur, and Boston-based private equity shop Rockpoint agreed to put...

04/26/18
...Cooper Village in 2015 — through its special servicer subsidiary CWCapital — for $5.3 billion. It’s also an equity partner on two large mixed-use Times Square...

12/25/17
...Speyer defaulted on its Stuy Town loans in 2010, CWCapital, a special servicer that is a subsidiary of Fortress Investment Group, took control of...

12/05/17
...pain, no gain. Yet another investor is suing CWCapital, trying to get a share of the profits from the $5.3 billion sale of Stuyvesant...

09/26/17
...Andrew MacArthur, a former executive at special servicer CWCapital Asset Management who led the sale of Stuy Town to Blackstone Group and Ivanhoe...

09/20/17
...Brooksville, a real estate investment firm led by CWCapital alum Andrew MacArthur, and Boston-based private equity firm Rockpoint signed a contract earlier this...

09/11/17
...Stuy Town sale on behalf of lenders was CWCapital, a special servicer, and the point person for CW was Andrew MacArthur. Last year...

09/06/17
...Secretary Ben Carson. Andrew MacArthur MacArthur, a former CWCapital Asset Management executive who led the $5.3 billion sale of Stuyvesant Town-Peter Cooper Village in...

06/09/17
Many in New York real estate don’t recognize the name Sarah Korein. But those who do remember a woman cut from the same cloth as...

05/15/17
...the 10-year loan, which is now serviced by CWCapital. The Real Deal recently reported that the loan’s term was extended by six...

...we were negotiating an internal settlement among the CWCapital Asset Management bondholders preceding the $5.3 billion sale of Stuy Town to Blackstone. It had...

...major improvement over the complex’s past owners, CWCapital Asset Management spinoff CompassRock Real Estate as well as Rockpoint Group and Stellar, which...

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...

...Stuyvesant Town-Peter Cooper Village as an executive at CWCapital Asset Management and now runs his own investment firm, Brooksville Company, declined to comment...

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...

...practices in NYC, respectively. Fried Frank, meanwhile, represented CWCapital Asset Management, the seller in the Stuy-Town deal. Belinda Schwartz Those firms were just...

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...

...-hour fitness center. Earlier this year special servicer CWCapital sold Northwest Arkansas Mall to three investment groups for $39.5 million, just a fraction of...

...Stuy Town was not included because the seller, CWCapital Asset Management, did not purchase the property. Instead it took control of the title...
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 Sales
  • Address Riverton
  • Neighborhood East Harlem
  • Borough Manhattan
  • Price $ 201,000,000
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.

...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...