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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.
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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...
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...
CWCapital, Associate Broker
555 Fifth Avenue, 5th Floor, New York, NY, (646) 253-8800
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
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
555 Fifth Avenue, 5th Floor, New York, NY, (646) 253-8800
...
- Event Sales
- Address Stuyvesant Town-Peter Cooper Village
- Neighborhood Stuyvesant Town
- Borough Manhattan
- Price $ 5,300,000,000
- Publication Date 02/01/2016
- Event Date 12/23/2015
- Party 1 CWCapital Asset Management
- Party 1 Brokerage Eastdil Secured
- Party 1 Broker Doug Harmon
- Party 2 Blackstone Group, Ivanhoe Cambridge
notes
The 11,200-unit famous housing complex sold for $5.3 billion.
- 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 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
- Publication Date 07/10/2010
- Event Date 05/31/2010
- Party 1 CWCapital Asset Management
- Party 1 Brokerage JLL
- Party 1 Broker Cynthia Wasserberger, Frank Doyle
- Party 2 Arrowgrass Capital Partners
- Party 2 Brokerage CBRE
- Party 2 Broker Sacha Zarba, Scott Bogetti
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 10,000
- Price per foot $ 75.00
- Publication Date 05/01/2010
- Event Date 03/22/2010
- Party 1 CWCapital Asset Management
- Party 1 Brokerage JLL
- Party 1 Broker Frank Doyle, Cynthia Wasserberger, David Kleiner
- Party 2 Allianz Risk Transfer
- Party 2 Brokerage CBRE
- Party 2 Broker John Maher
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 6,440
- Price per foot $ 78.00
- Publication Date 05/01/2010
- Event Date 03/22/2010
- Party 1 CWCapital Asset Management
- Party 1 Brokerage JLL
- Party 1 Broker Frank Doyle, Cynthia Wasserberger, David Kleiner
- Party 2 Servcorp
- Party 2 Brokerage CBRE
- Party 2 Broker Eric Yarbro
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 4,705
- Publication Date 12/01/2009
- Event Date 10/22/2009
- Party 1 CWCapital Asset Management
- Party 1 Brokerage JLL
- Party 1 Broker Frank Doyle, Cynthia Wasserberger, David Kleiner
- Party 2 Robert Wood Johnson Foundation
- Party 2 Brokerage Byrnam Wood
- Party 2 Broker Gordon Ogden
notes
The nonprofit inked a 10-year lease for part of the sixth floor.
- Event Office Leasing
- Address 1330 Sixth Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 4,485
- Publication Date 12/01/2009
- Event Date 10/22/2009
- Party 1 CWCapital Asset Management
- Party 1 Brokerage JLL
- Party 1 Broker Frank Doyle, Cynthia Wasserberger, David Kleiner
- Party 2 Advanced Portfolio Management
- Party 2 Brokerage CBRE
- Party 2 Broker Jeffrey Kilimnick, Bernard Weitzman
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 3,175
- Publication Date 12/01/2009
- Event Date 10/22/2009
- Party 1 CWCapital Asset Management
- Party 1 Brokerage JLL
- Party 1 Broker Frank Doyle, Cynthia Wasserberger, David Kleiner
- Party 2 Beacon Light Capital
- Party 2 Brokerage CBRE
- Party 2 Broker Ben Friedland, Michael Movshovich
notes
The hedge fund manager inked a three-year lease for a portion 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...
